Source: Business in Vancouver

PwC’s MoneyTree report found the Canadian healthtech sector to have registered the second highest number of deals and funding in the third quarter of 2017. $274 million (US$216 million) were invested over 17 deals in the period, and although innovation has been slow due to heightened regulation in the sector, experts believe there is reason to be optimistic for the sector in the future.

“The size of the potential market for healthtech is substantial, as healthcare represents the single largest provincial budget items accounting for between 34 percent to 43 percent of provincial budgets.”

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