In 2023, the share of scientific publications involving international collaboration in drug discovery in Canada was a point of reference for the subsequent forecast. The forecast from 2024 to 2028 shows a steady increase in international collaboration. Year-on-year growth rates indicate a gradual rise of approximately 2.9% annually, leading to a forecasted increase from 41.09% in 2024 to 45.81% by 2028. The compound annual growth rate (CAGR) over this period is indicative of a consistent collaboration trend.
Future trends to watch for include:
- Growing participation of emerging markets and increased digital collaborations, which could further boost international partnerships.
- Potential policy changes and funding opportunities that could impact collaboration intensity.
- Technological advancements facilitating easier international cooperation.