Increasing Prevalence of Chronic and Rare Diseases is Driving the Canada Specialty Pharmacy Market Growth

The increasing prevalence of chronic and rare diseases in Canada significantly drives the specialty pharmacy market by creating a growing demand for specialized medications and comprehensive patient care. Chronic conditions such as diabetes, cardiovascular diseases, and autoimmune disorders require long-term management, often involving high-cost specialty drugs that are complex in nature and necessitate individualized treatment plans. As the population ages and lifestyle-related health issues become more common, the number of patients requiring these specialized medications continues to rise, leading to a corresponding increase in the demand for specialty pharmacies that can provide tailored pharmaceutical services.

Moreover, the emergence of rare diseases, which often require unique and expensive therapies, further propels the specialty pharmacy market. Many rare diseases lack established treatment protocols or have limited availability of effective therapies, necessitating pharmacies with specialized knowledge and capabilities in handling these unique medications. Specialty pharmacies are well-positioned to offer enhanced patient support services, including medication management, patient education, and adherence monitoring, thereby improving health outcomes for individuals with chronic and rare conditions. This evolving landscape not only expands the market potential for specialty pharmacies but also emphasizes the importance of regulation and oversight to ensure safety and efficacy in delivering these critical medications.

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Data Bridge Market Research analyzes that the Canada Specialty Pharmacy Market is expected to reach USD 13.94 billion by 2030 from USD 7.39 billion in 2024, growing with a CAGR of 11.2% in the forecast period of 2025 to 2030.

Key Findings of the Study

Increasing Geriatric Population

Recent innovations in orthodontic technologies are significantly reshaping the landscape of dental care, especially in the orthodontic sector. Technologies such as 3D printing, digital scanning, and improved materials have not only enhanced the accuracy and customization of treatments but also streamlined the entire process, making it more efficient. 3D printing allows for the precise creation of orthodontic appliances tailored to individual needs, reducing the time and cost involved in the production of traditional braces and aligners. Digital scanning has largely replaced traditional impressions, making the process more comfortable and accurate, while also providing faster results for treatment planning. Moreover, the development of advanced materials, such as high-performance ceramic brackets and more durable, flexible wires, has made treatments less visible, more comfortable, and quicker, ultimately improving the patient experience. These technological advancements are driving a surge in the demand for orthodontic care, as patients are increasingly attracted to the benefits of faster treatments, reduced discomfort, and more aesthetically pleasing options. The growing reliance on these innovations is not only attracting a wider audience, particularly among adults seeking cosmetic improvements, but also encouraging orthodontic professionals to adopt these technologies to remain competitive and provide optimal patient outcomes.

Report Scope and Market Segmentation

Segment Analysis

The Canada specialty pharmacy market is segmented into three segments on the basis of service type, type, and condition.

• On the basis of service type, the market is segmented into clinical services, operational services, and other services

In 2025, the clinical services segment is expected to dominate the Canada specialty pharmacy market

In 2025, the clinical services segment in the Canada specialty pharmacy market is expected to dominate the market with a 53.78% market share due to due to its comprehensive patient management and support offerings

• On the basis of type, the Canada specialty pharmacy market is segmented into large pharmacy benefit manager (PBM) and small– independent pharmacy service providers

In 2025, the large pharmacy benefit manager (PBM) segment is expected to dominate the Canada specialty pharmacy market

In 2025, the large pharmacy benefit manager (PBM) segment in the market is expected to dominate the market with a 72.63% market share due to its ability to negotiate better pricing and enhance access to specialty medications for patients. Additionally, PBMs play a crucial role in managing drug formularies and optimizing pharmacy benefits for plan sponsors.

• On the basis of condition, the market is segmented into cancer, rheumatoid arthritis, multiple sclerosis, osteoarthritis, infertility, HIV, pulmonary hypertension, immune deficiency, anemia, hemophilia, psoriasis, cystic fibrosis, ulcerative colitis, crohn's disease, juvenile idiopathic arthritis, growth hormone deficiencies, hepatitis C Virus, and others. In 2025, the cancer segment in the Canada specialty pharmacy market is expected to dominate the market with a 12.83% market share

Major Players

Data Bridge Market Research analyzes McKesson Canada (Canada), Sobeys Inc. (Canada), PHARMASAVE (Canada), Rexall Pharmacy Group ULC (Canada), Bayshore HealthCare (Canada) as the major market players.

Market Development

• In September 2023, Ormco Corporation unveiled the launch of Ormco Digital Bonding (OBD), a solution designed to help doctors optimize their daily workflow and achieve personalized bracket positioning using Damon Ultima brackets and the Spark Approver Software. This innovation allows for greater efficiency and precision in orthodontic treatments
• In August 2023, Ormco Corporation introduced Spark Clear Aligners Release 14, enhancing flexibility for orthodontists with the launch of Spark Approver Web and seamless DEXIS IOS integration, along with clinical and workflow updates. Spark Approver Web offers increased convenience, allowing orthodontists to access cases at any time, saving valuable time and improving workflow efficiency
• In May 2022, the Straumann Group entered into an agreement to acquire PlusDental, a provider of orthodontic treatment solutions in Europe. This acquisition will enhance the Group's consumer expertise and unlock new growth opportunities. PlusDental has established an extensive network of clinics across Europe, which will help accelerate the Group’s expansion, particularly in the Netherlands, Sweden, and the U.K.
• In February 2021, American Orthodontics and Ultradent Products, Inc., announced a partnership in which American Orthodontics will exclusively distribute Ultradent's Opal Orthodontics branded products and Valo Curing Light to orthodontists in the United States. This collaboration aims to combine the strengths of both companies to benefit clinicians and patients
• In January 2021, American Orthodontics introduced BracePaste Band and Build LC, a fluoride-releasing, light-cure band cement designed for optimal bonding of molar bands. This single-paste system requires no mixing and is engineered to prevent wear on opposing enamel. Orthodontists benefit from its efficient application and reliable performance, enhancing treatment outcomes and patient satisfaction

As per Data Bridge Market Research analysis:

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