Top pharmaceutical companies located in Canada 2022, by revenue
Total pharmaceutical sales in Canada came to about 34 billion U.S. dollars in 2022. Of this, U.S.-based diversified health company Johnson & Johnson generated over 4.7 billion dollars. Thus, J&J held the largest single market share with over 12 percent. With a significant distance, U.S.-based company Merck was ranked second generating revenues of around 1.8 billion Canadian dollars.
Canada in a global context
Canada’s pharmaceutical market is among the global top 10 national markets. The market share stands at two percent of the total global pharmaceutical market. In a large part, the Canadian market is dominated by the big pharma companies from the U.S. and Europe. Among the most important Canada-based companies are Apotex and Bausch Health (ex-Valeant Pharmaceuticals).
Economic importance
The drug manufacturing industry is mostly centered in the metropolitan areas of Toronto, Montreal, and Vancouver, and employs over 33 thousand people. As in many other countries, the pharmaceutical sector is one of the most innovative industries in Canada, spending nearöy one billion Canadian dollars on research and development every year. Over 50 percent of pharmaceutical products manufactured in Canada are exported, of which the largest part is to the United States.
Canada in a global context
Canada’s pharmaceutical market is among the global top 10 national markets. The market share stands at two percent of the total global pharmaceutical market. In a large part, the Canadian market is dominated by the big pharma companies from the U.S. and Europe. Among the most important Canada-based companies are Apotex and Bausch Health (ex-Valeant Pharmaceuticals).
Economic importance
The drug manufacturing industry is mostly centered in the metropolitan areas of Toronto, Montreal, and Vancouver, and employs over 33 thousand people. As in many other countries, the pharmaceutical sector is one of the most innovative industries in Canada, spending nearöy one billion Canadian dollars on research and development every year. Over 50 percent of pharmaceutical products manufactured in Canada are exported, of which the largest part is to the United States.
