This statistic shows the comparison of average retail price development for brand name and the generic medicines in Canada from 2004 to 2023, per prescription. In 2023, the average retail price of brand name prescription drugs was almost 130 Canadian dollars higher than the average retail price of generic medicines. In general, the price difference between these drug types increased dramatically over the shown period.
Canadian generic and brand name medicine average retail price per prescription from 2004 to 2023
(in Canadian dollars)
Average retail price is based on total price of prescriptions (price of drug plus any mark-ups and professional dispensing fees) divided by estimated prescriptions
dispensed in Canadian retail pharmacies (excludes hospitals; includes retail new and refills).
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how Statista can support your business.
Canadian Generic Pharmaceutical Association. (June 1, 2024). Canadian generic and brand name medicine average retail price per prescription from 2004 to 2023 (in Canadian dollars) [Graph]. In Statista. Retrieved November 10, 2024, from https://www-statista-com.ezproxy.canberra.edu.au/statistics/473138/generic-versus-brand-name-medicine-retail-price-in-canada/
Canadian Generic Pharmaceutical Association. "Canadian generic and brand name medicine average retail price per prescription from 2004 to 2023 (in Canadian dollars)." Chart. June 1, 2024. Statista. Accessed November 10, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/473138/generic-versus-brand-name-medicine-retail-price-in-canada/
Canadian Generic Pharmaceutical Association. (2024). Canadian generic and brand name medicine average retail price per prescription from 2004 to 2023 (in Canadian dollars). Statista. Statista Inc.. Accessed: November 10, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/473138/generic-versus-brand-name-medicine-retail-price-in-canada/
Canadian Generic Pharmaceutical Association. "Canadian Generic and Brand Name Medicine Average Retail Price per Prescription from 2004 to 2023 (in Canadian Dollars)." Statista, Statista Inc., 1 Jun 2024, https://www-statista-com.ezproxy.canberra.edu.au/statistics/473138/generic-versus-brand-name-medicine-retail-price-in-canada/
Canadian Generic Pharmaceutical Association, Canadian generic and brand name medicine average retail price per prescription from 2004 to 2023 (in Canadian dollars) Statista, https://www-statista-com.ezproxy.canberra.edu.au/statistics/473138/generic-versus-brand-name-medicine-retail-price-in-canada/ (last visited November 10, 2024)
Canadian generic and brand name medicine average retail price per prescription from 2004 to 2023 (in Canadian dollars) [Graph], Canadian Generic Pharmaceutical Association, June 1, 2024. [Online]. Available: https://www-statista-com.ezproxy.canberra.edu.au/statistics/473138/generic-versus-brand-name-medicine-retail-price-in-canada/
