GENERIC DRUGS GAINING MARKET SHARE IN CANADA

sailajabyrisetty's picture
Submitted by sailajabyrisetty on Fri, 06/13/2008 - 17:17.
in

According to two recent reports, generic drugs are gaining an increasingly strong share of drug expenditures in Canada. According to figures released in May by the CIHI (Canadian Institute for Health Information) Canadians spent a total of $26.9 billion on drugs in 2007, with prescription drugs representing 84% of that figure.
CIHI report showed that the annual growth rate for prescribed drug spending in 2007 (7.5%) was lower than the 10.5 % average annual grwoth rate between 1997 and 2006.

Generic drugs currently comprise 49% of all prescriptons in Canada. According to IMS Health, the average cost of a brand name prescription was $64.19 in 2007, compared to an average cost of $26.07 for a generic prescription.

Generics

vijayaratna's picture
Submitted by vijayaratna on Sun, 07/06/2008 - 04:10.

Thank You for this information. Can you suggest websites where we can get information and statistics regarding usage of generics and brands?

Information Sources.....

sailajabyrisetty's picture
Submitted by sailajabyrisetty on Mon, 07/07/2008 - 22:07.

Thank YOU. We usually get this information from regular pharmacy magazines. The information I gave is based on studies done on Canadian market. Check www.pharmacygateway.ca website if you are still interested. If I find more information on it, I will sure send it to you.