In 2023, the Private Non-Profit Expenditure on R&D in Canada stood at approximately 128.0 million US dollars PPP. Forecasted data indicates a gradual increase over the next five years, with the expenditure reaching 131.27 million by 2028. The average annual growth rate (CAGR) during 2024-2028 is projected to be modest, reflecting stable investment trends in R&D from the private non-profit sector.

Future trends to watch for:

Increased collaboration between private non-profit organizations and government entities to boost innovation.
Potential impact of economic shifts on funding priorities within the non-profit sector.
Emerging technologies may lead to strategic reallocations in R&D expenditure.