Canada Anti Aging Therapeutics Market Analysis

Canada Anti Aging Therapeutics Market Analysis


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Canada's anti-ageing therapeutics market is likely to grow at a CAGR of 16.53% from a market size of $54 Mn in 2022 to $164 Mn in 2030. The major growth drivers driving the market are the growing ageing population and the trend of the shift toward preventive healthcare. This report is segmented by product, treatment, target group, type of ageing, type of molecules, mechanism of action, ingredient, and by distribution channel. Some key players in this market include Pfizer, Bristol-Myers Squibb Company, Merck, Calico, and others.

ID: IN10CAPH030 CATEGORY: Pharmaceuticals GEOGRAPHY: Canada AUTHOR: Dhruv Joshi

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Canada Anti-Aging Therapeutics Market Executive Summary

Canada's anti-ageing therapeutics market is likely to grow at a CAGR of 16.53% from a market size of $54 Mn in 2022 to $164 Mn in 2030. One of the largest nations in the globe and the largest in the western hemisphere is Canada. With firms ranging from little owner-managed businesses to multinational corporations, it boasts a thriving free-market economy. In the past, the export of agricultural staples, primarily grain, as well as the production and sale of natural resource exports, such as minerals, oil and gas, and forest products, were the foundations of Canada's economy.

The public sector finances healthcare services and the private sector provides these services, in Canada's hybrid public-private healthcare system. There is currently no national procurement model that is uniform. Each province like British Columbia, Ontario, Quebec, Saskatchewan, and others has its own set of regulations, which can vary significantly between regions or service providers. Provincial governments are implementing or looking at healthcare procurement reforms, including centralized approaches. The Canadian pharmaceutical market was valued at USD 29,305.1 million in 2021. It is expected to reach USD 39,427.4 million by 2027, registering a CAGR of 5.26% during 2022-2027. A variety of treatments, drugs, and lifestyle changes that slow down or stop the biological aging process are referred to as anti-aging therapy. Anti-aging therapies aim to increase a person's healthy lifespan and lower the prevalence of age-related illnesses such as dementia, cardiovascular disease, cancer, and diabetes.

canada anti aging therapeutics market

Market Dynamics

Market Growth Drivers

The aging population in Canada is one of the main factors driving the anti-aging business there. The number of Canadians 65 and older is anticipated to rise dramatically in the upcoming years, according to Statistics Canada. With the purpose of preserving a young appearance and fending off the consequences of aging, this group is more inclined to look into anti-aging treatments and therapies. The rising disposable income of Canadians is another element boosting the anti-aging business in that country. More people are able to pay the price of anti-aging treatments and therapies, such as cosmetic surgeries, skincare products, and supplements, as disposable incomes rise.

Canadians are becoming more and more aware of the advantages of anti-aging goods and services. This is partly because there is more information available on social media, internet forums, and other platforms. Customers are willing to try new goods and therapies in order to appear and feel younger and are getting more knowledgeable about the most recent anti-aging treatments. The rising demand for minimally invasive procedures like Botox injections, dermal fillers, and laser treatments is another factor driving the anti-aging market in Canada. These methods can produce good results with less recovery time since they are less intrusive than conventional surgical procedures.

Market Restraints

Some Canadians may find the cost of anti-aging therapy and procedures to be unaffordable. Patients must pay for many procedures out of pocket because public health insurance does not always cover them. Some people who are interested in anti-aging treatments but cannot afford the expense may find this to be a substantial barrier. Natural remedies, exercise, and a nutritious diet are just a few examples of non-pharmaceutical alternatives to anti-aging treatments and therapies. Some Canadians may find these alternatives to be more affordable and available, which could reduce the demand for anti-aging goods and services.

Competitive Landscape

Key Players

  • Pfizer
  • Bristol-Myers Squibb Company
  • Merck
  • Calico
  • Life Biosciences

Healthcare Policies and Regulatory Landscape

Strict guidelines for the security, effectiveness, and caliber of anti-aging goods and treatments are set by Health Canada, the federal regulatory body in charge of authorizing medications and medical equipment. Anti-aging products and therapies must go through extensive research and clinical trials to show their safety and efficacy before they can be used in Canada. Following an evaluation of the findings from these studies, Health Canada decides whether to approve the product for sale in Canada. Furthermore, Health Canada mandates that the production and distribution of anti-aging products and therapies must adhere to high-quality requirements.

Good Manufacturing Practices (GMP) regulations must be followed by manufacturers to guarantee that products are manufactured in a secure environment under strict control and that they fulfill high-quality requirements. After anti-aging products and therapies hit the market, Health Canada keeps an eye on their efficacy and safety. The agency has the power to fine manufacturers that do not follow regulations or to recall products that are discovered to be harmful.

1. Executive Summary
1.1 Disease Overview
1.2 Global Scenario
1.3 Country Overview
1.4 Healthcare Scenario in Country
1.5 Patient Journey
1.6 Health Insurance Coverage in Country
1.7 Active Pharmaceutical Ingredient (API)
1.8 Recent Developments in the Country

2. Market Size and Forecasting
2.1 Epidemiology of Disease
2.2 Market Size (With Excel & Methodology)
2.3 Market Segmentation (Check all Segments in Segmentation Section)

3. Market Dynamics
3.1 Market Drivers
3.2 Market Restraints

4. Competitive Landscape
4.1 Major Market Share

4.2 Key Company Profile (Check all Companies in the Summary Section)

4.2.1 Company
4.2.1.1 Overview
4.2.1.2 Product Applications and Services
4.2.1.3 Recent Developments
4.2.1.4 Partnerships Ecosystem
4.2.1.5 Financials (Based on Availability)

5. Reimbursement Scenario
5.1 Reimbursement Regulation
5.2 Reimbursement Process for Diagnosis
5.3 Reimbursement Process for Treatment

6. Methodology and Scope

Canada Anti-Aging Therapeutics Market Segmentation

By Product (Revenue, USD Billion):

  • Anti-Wrinkle
  • Hair Color
  • Ultraviolet (UV) Absorption
  • Anti-Stretch Mark
  • Others

By Treatment (Revenue, USD Billion):

  • Hair Restoration
  • Anti-Pigmentation
  • Adult Acne Therapy
  • Breast Augmentation
  • Liposuction
  • Chemical Peel
  • Others

By Target Group (Revenue, USD Billion):

  • Male
  • Female

By Type of Aging (Revenue, USD Billion):

  • Cellular Aging
  • Immune Aging
  • Metabolic Aging
  • Others

By Type of Molecules (Revenue, USD Billion):

  • Biologics
  • Small Molecules

By Mechanism of Action (Revenue, USD Billion):

  • Senolytic
  • Cell Regeneration
  • mTOR inhibitor/Modulator
  • AMP-kinase/AMP Activator
  • Mitochondria Inhibitor/Modulator
  • Others

By Ingredient (Revenue, USD Billion):

  • Retinoid
  • Hyaluronic Acid
  • Alpha Hydroxy Acid
  • Others

By Distribution Channel (Revenue, USD Billion):

  • Pharmacies
  • Stores
  • Online Stores

Insights10 will provide you with the reports within 10 key parameters which are:

  1. Market Overview
  2. Market Growth Drivers & Restraints
  3. Epidemiology of Disease Type
  4. Market Segmentation
  5. Market Share
  6. Competitive Landscape
  7. Key Company Profiles
  8. Healthcare Policies & Regulatory Framework
  9. Reimbursement Scenario
  10. Factors Driving Future Growth

Based on our many years of experience, we believe that these are the parameters that are critical to decision-making for business stakeholders. Our focused approach to developing reports focused on 10 key parameters, enabled us to arrive at the name “Insights10”.

 

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The study on the market covers the analysis of the leading geographies such as Asia-Pacific, Africa, Europe, Middle East, North America, and  Latin America for the period of 2022 to 2030. The qualitative analysis covers the industry landscape and trends, market opportunities, competitive landscape, and policy and regulatory scenario, and the quantitative analysis covers different market estimates and forecasts.

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We make sure to finalize the numbers in alignment with the market research. Firstly, our internal experts ensure thorough validation and checking to ensure accurate and precise analysis and then validation is also done using a multiple-data analysis model. Two-level validation is done and entails the finalization of the report scope and the way of representation pattern.

 

 

Stage III: Interpretation and Presentation

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  • Establishing market drivers and trends
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Last updated on: 16 June 2023
Updated by: Riya Doshi

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