Generic and brand name medicine average retail price in Canada 2004-2023

Published by
Matej Mikulic,
Jun 3, 2024

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)

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Release date

2024

Region

Canada

Survey time period

2004 to 2023

Supplementary notes

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).

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