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canadian generic drug market projected to reach 19.5 billion by 2033
The Canadian generic drug market is projected to grow from $9.4 billion in 2023 to $19.5 billion by 2033, driven by the increasing demand for affordable medications and the expansion of product portfolios by pharmaceutical companies. Retail pharmacies lead the market, supported by the prevalence of generic drugs, particularly in oncology and oral administration. Key players include Apotex, Teva, and Mylan, with ongoing developments such as new product launches and acquisitions shaping the competitive landscape.
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