About Careers Internship MedBlog Contact us
Medindia LOGIN REGISTER
Advertisement

Rate of Investment in Medical Research Declined in US and Increased Globally, from 2004 to 2012

by Dr. Trupti Shirole on January 15, 2015 at 1:08 AM
 Rate of Investment in Medical Research Declined in US and Increased Globally, from 2004 to 2012

The rate of investment in medical research has declined in the United States, while there has been an increase in research investment globally, particularly in Asia, from 2004 to 2012, according to a study by the Alerion Institute and Alerion Advisors LLC, North Garden, Va., and Johns Hopkins School of Medicine, Baltimore.

Researchers examined developments over the past two decades in the pattern of who conducts and who supports medical research, as well as resulting patents, publications, and new drug and device approvals. Publicly available data from 1994 to 2012 were compiled showing trends in US and international research funding, productivity, and disease burden by source and industry type. Patents and publications from 1981 to 2011 were evaluated using citation rates and impact factors.

Advertisement

It was seen that from 2004 to 2012, the rate of investment growth declined to 0.8 percent annually and (in real terms) decreased in 3 of the last 5 years, reaching $117 billion (4.5 percent) of total health care expenditures. The US government research funding declined from 57 percent (2004) to 50 percent (2012) of the global total, as did that of US companies (50 percent to 41 percent), with the total US (public plus private) share of global research funding declining from 57 percent to 44 percent. Asia, particularly China, tripled their investment from $2.6 billion (2004) to $9.7 billion (2012). The US share of life science patents declined from 57 percent (1981) to 51 percent (2011).

The authors concluded, "The analysis underscores the need for the United States to find new sources to support medical research, if the clinical value of its past science investment and opportunities to improve care are to be fully realized. Substantial new private resources are feasible, though public funding can play a greater role. Both will require non-traditional approaches if they are to be politically and economically realistic. Given global trends, the United States will relinquish its historical innovation lead in the next decade unless such measures are undertaken."

The study appears in JAMA.

Source: Medindia
Font : A-A+

Advertisement

Advertisement
Advertisement

Recommended Readings

Latest Research News

Insight into Cellular Stress: Mechanisms Behind mRNA Sequestration Revealed
The discovery deepens our understanding of m6A biology and stress granule formation, with implications for neurodegenerative diseases.
Disrupted Circadian Rhythm Elevates the Risk of Parkinson's Disease
Trouble with sleep and the body's clock may increase your risk for Parkinson's, as per a new study.
A Wake-Up Call for Women — Hot Flashes Could Point to Alzheimer's Risk
New study uncovers a link between nocturnal hot flashes and Alzheimer's risk in menopausal women, suggesting a potential biomarker.
Breakthrough Brain-Centered Approach Reduces Chronic Back Pain
Our discovery revealed that a minority of individuals attributed their chronic pain to their brain's involvement.
New Statement to Protect Athletes' Health Published
Relative Energy Deficiency in Sport syndrome is overlooked by athletes and can be worsened by 'sports culture' due to its perceived short-term performance benefits.
View All
This site uses cookies to deliver our services.By using our site, you acknowledge that you have read and understand our Cookie Policy, Privacy Policy, and our Terms of Use  Ok, Got it. Close
MediBotMediBot
Greetings! How can I assist you?MediBot
×

Rate of Investment in Medical Research Declined in US and Increased Globally, from 2004 to 2012 Personalised Printable Document (PDF)

Please complete this form and we'll send you a personalised information that is requested

You may use this for your own reference or forward it to your friends.

Please use the information prudently. If you are not a medical doctor please remember to consult your healthcare provider as this information is not a substitute for professional advice.

Name *

Email Address *

Country *

Areas of Interests