Competition Issues in the Canadian Pharmaceutical Industry

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Alan Gunderson, Nov 24, 2014

Health care is a very important sector within the Canadian economy. A recent report estimates total health care spending at CDN $211.2 billion in 2013 which represents 11.2 percent of the Canadian economy or approximately CDN $5,988 per capita. Pharmaceuticals comprise the second largest component of total health care spending, estimated to be 16.3 percent of such spending in 2013 (CDN $34.5 billion).