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The Canadian Generic Market Year 2012
 
 
CANADIAN PRESCRIPTION DRUG MARKET
 

In 2012, the generic share of the number of retail prescriptions was 63.2% equating to 353.7 million generic
prescriptions. Growth of generic prescriptions was 8.5% compared to the previous year. Yet, generic pharmaceutical sales accounted for only 24.4% of the total cost of the Canadian prescription drug market, totaling 5.4-billion dollars in drugstore and hospital sales. Canada’s total prescription drug expenditures now exceeds 22-billion dollars.

As the chart below illustrates, according to 2012 IMS Health data, the average cost of a brand-name prescription is now $76.05, while the average cost of a generic prescription is $23.47. The average price of a brandname prescription increased by 37% over the last 10 years. In comparison, the average cost of a generic prescription grew by 10%.

 
 
AVERAGE RETAIL PRICE PER PRESCRIPTION IN CANADA
 

The generic share of retail prescriptions has grown from 44.8% in 2006 to a current high of 63,2%. The generic share of dollar purchases by drugstores and hospitals has grown from 18.2% in 2006 to 24.4% in 2012. This increased share for generics is as a result of changes to provincial and private sector drug programs which are relying more on generics as one of the best ways to contain fast-rising drug program costs.

 
PERCENTAGE OF GENERIC SHARE
 
The national share of generic prescriptions for the year 2012 was 63.2%. The generic share of prescriptions by province ranged from a low in Quebec of 61.8% to a high of 68.5% in Manitoba. Drug programs implemented in each of the provinces contributed to this variance
Generic share of the prescription market by province
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