Between 2024 and 2028, Canada's R&D personnel in the manufacture of medical and dental instruments are expected to grow consistently. The forecast shows a gradual increase from 1.21 to 1.26 thousand full-time equivalents. In 2023, the count was slightly lower than the projected figure for 2024, indicating a steady upward trajectory. Year-on-year growth is modest, averaging around 0.8%, with a compounded annual growth rate (CAGR) over five years reflecting a stable increase.
Future trends to watch for:
- Technological advancements driving demand for specialized R&D roles.
- Investment in healthcare innovation spurring higher personnel requirements.
- Global and local economic conditions impacting funding allocation to R&D sectors.
