In 2023, business enterprise R&D expenditure in human health and social work activities in Canada stood at 148.5 million USD (PPP, 2015). From 2024 to 2028, forecasts show a steady increase, with values rising from 151.33 million to 163.46 million USD. Year-on-year variations show an average growth of about 2% annually. The Compound Annual Growth Rate (CAGR) for 2024-2028 is approximately 2.03%, indicating consistent growth in investment in this sector.
Future trends to watch for:
- Increasing focus on digital health technologies, which may drive further investments.
- Potential policy shifts promoting R&D in healthcare innovation and technology advancement.
- Global health challenges evolving, prompting increased research expenditure in novel solutions.
