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Inside the Pharmaceutical Data Tool's Numbers: Drivers Behind Canada's Pharmaceutical Spending
Shveta Bhasker1, Sandy Morrison2, Jeff Proulx3
1Shveta Bhasker, is a senior analyst in the Health Spending, Pharmaceuticals branch at the Canadian Institute for Health Information (CIHI) in Toronto, ON.
Abstract:
Pharmaceutical spending is increasing, and many Canadians are facing challenges with drug affordability. The Pharmaceutical Data Tool (PDT) (CIHI 2026) is a public interactive dashboard launched in 2024 that provides novel insights about drugs that are driving costs. To provide analytical insights on why pharmaceutical spending is increasing, the Canadian Institute for Health Information updated the PDT in January 2026 with 2024 calendar-year data. The PDT provides information on factors that can reduce costs such as biosimilars and formulary coverage. This paper summarizes key findings from the PDT and aims to provide pharmaceutical information users with analytical insights to inform better decision-making.
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