Forecast: Non-Steroids Antiinflammatory and Antirheumatic Medicine Sales in Canada

In 2023, sales of non-steroid anti-inflammatory and antirheumatic medicines in Canada were recorded at approximately 215 million US dollars. Forecasts for the subsequent years indicate a gradual decline: 204.6 million in 2024, 200.8 million in 2025, 197.8 million in 2026, 195.3 million in 2027, and 193.3 million in 2028. This showcases a downward trend.

The year-on-year percentage decline between 2024 and 2025 is projected at approximately -1.9%. The compound annual growth rate (CAGR) from 2024 to 2028 is estimated to be -1.4% per year, highlighting a continuous reduction in sales value.

Future trends to watch for include:

  • Innovation in drug formulations and delivery methods to mitigate side effects.
  • Potential impact of healthcare policy changes and drug price negotiations.
  • Increased focus on alternative therapies, including biologics and personalized medicine.
  • Growing awareness and preventive measures for diseases causing inflammation.

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