Uneven growth seen in medical research and development investments
Total investment in medical and health research and development in the U.S. grew by 20.6 percent from 2013 to 2016, led by industry and the federal government, according to U.S. Investments in Medical and Health Research and Development, a new report from Research!America.
Industry continues to invest more than any other sector, accounting for 67.4 percent of total spending in 2016, followed by the federal government at 21.9 percent. Federal investments increased from 2013 to 2014 and 2015 to 2016, largely due to increases in the National Institutes of Health budget, with a slight decline in NIH and total funding from 2014 to 2015.
Academic and other research institutions ramped up their R&D investment substantially over the four-year period, increasing their spending by 16.6 percent, while foundations, voluntary health associations and professional societies increased investments by 4.7 percent. State and local government investment grew nearly 12 percent from 2013 to 2016.
Despite overall investment growth, medical and health R&D continues to account for less than 5 percent of the total $3.5 trillion in U.S. health spending.
While the uptick in investments across sectors has been positive overall, investment in research remains stagnant as a percentage of total U.S. health spending, the report found.