US investments in medical and health research grew 20.6% from 2013 to 2016: 5 things to know
Investments in medical and health research and development grew 20.6 percent between 2013 and 2016, although R&D spending only accounts for a modest portion of the total $3.5 trillion of U.S. health expenditures, according to a Research America report.
Researchers analyzed data and estimates from public sources to review trends in financing healthcare research over the past four years.
Here are five report insights.
1. In 2016, $171.8 billion was spent on U.S. medical and health R&D. In 2013, this number was $142.5 billion.
2. The private sector contributed nearly $115.9 billion to medical and health R&D spending.
3. Of the nearly $3.5 trillion spent on health, 4.93 percent was allocated to R&D in 2016 — a benchmark consistently met since 2013.
Read the full article at https://www.beckershospitalreview.com/healthcare-information-technology/us-investments-in-medical-and-health-research-grew-20-6-from-2013-to-2016-5-things-to-know.html (subscription only).