From 2013 to 2023, the number of self-employed people in the scientific research and development sector in Canada declined from 2.27 thousand units to 1.79 thousand units. In 2023, a year-on-year decrease of 2.93% was noted, with a 5-year CAGR of -2.95%. The forecast for 2024 and beyond indicates a continuous decline, with a 5-year CAGR of -2.56%, resulting in an expected 12.14% reduction by 2028.
Future trends to watch for include:
- The impact of technological advancements, which may alter the demand for self-employment in the R&D sector.
- Government policies and incentives that could influence entrepreneurial growth.
- Global economic conditions affecting the innovation landscape, potentially affecting self-employment dynamics in the sector.