in London, United Kingdom Research funding in many countries comes from research bodies and private organizations that give money for equipment, salaries, and research costs. In 2024, total global research and development spending reached an estimated $2.9 trillion. Major regions such as the United States, Europe, Asia, Canada, and Australia contributed a large part of this total. China and the United States were nearly equal in their investments. China spent about $785.9 billion, while the United States spent about $781.8 billion on R&D that year. Asia made up roughly 45% of global R&D spending, followed by North America and Europe. The United States’ share of total global R&D has decreased compared to past decades as investments in other regions have grown quickly. In the
United Kingdom, funding bodies such as the
National Institute for Health and Care Research (NIHR) and the
Medical Research Council derive their assets from UK tax payers, and distribute revenues to institutions by competitive
research grants. The
Wellcome Trust is the UK's largest non-governmental source of funds for biomedical research and provides over £600 million per year in grants to scientists and funds for research centres. In the United States, data from ongoing surveys by the
National Science Foundation (NSF) show that federal agencies provided only 44% of the $86 billion spent on basic research in 2015. The
National Institutes of Health and
pharmaceutical companies collectively contribute $26.4 billion and $27 billion, which constitute 28% and 29% of the total, respectively. Other significant contributors include
biotechnology companies ($17.9 billion, 19% of total),
medical device companies ($9.2 billion, 10% of total), other federal sources, and state and local governments. Foundations and charities, led by the
Bill and Melinda Gates Foundation, contributed about 3% of the funding. These funders are attempting to maximize their
return on investment in
public health. One method proposed to maximize the return on investment in medicine is to fund the development of
open source hardware for medical research and treatment. The enactment of
orphan drug legislation in some countries has increased funding available to develop drugs meant to treat rare conditions, resulting in breakthroughs that previously were uneconomical to pursue.
Government-funded biomedical research Since the establishment of the National Institutes of Health (NIH) in the mid-1940s, the main source of U.S. federal support of biomedical research, investment priorities and levels of funding have fluctuated. From 1995 to 2010, NIH support of biomedical research increased from 11 billion to 27 billion Despite the jump in federal spending, advancements measured by citations to publications and the number of drugs passed by the FDA remained stagnant over the same time span. Financial projections indicate federal spending will remain constant in the near future. Over the past century there were two notable periods of NIH support. From 1995 to 1996 funding increased from $8.877 billion to $9.366 billion, years which represented the start of what is considered the "doubling period" of rapid NIH support. which has resulted in the development of numerous life-saving medical advances. The relationship between industry and government-funded research in the US has seen great movement over the years. The 1980
Bayh–Dole Act was passed by Congress to foster a more constructive relationship between the collaboration of government and industry funded biomedical research. The
Bayh Doyle Act gave private corporations the option of applying for government funded grants for biomedical research which in turn allowed the private corporations to
license the technology. Both government and industry research funding increased rapidly from between the years of 1994–2003; industry saw a compound average annual growth rate of 8.1% a year and slowed only slightly to a compound average annual growth rate of 5.8% from 2003 to 2008.
Conflicts of interests "
Conflict of interest" in the field of medical research has been defined as "a set of conditions in which professional judgment concerning a primary interest (such as a person's welfare or the validity of research) tends to be unduly influenced by a secondary interest (such as financial gain)." Regulation on industry funded biomedical research has seen great changes since
Samuel Hopkins Adams declaration. In 1906 Congress passed the
Pure Food and Drug Act of 1906. In 1912 Congress passed the Shirley Amendment to prohibit the wide dissemination of false information on pharmaceuticals. The Kefauver-Harris amendments were met with opposition from industry due to the requirement of lengthier clinical trial periods that would lessen the period of time in which the investor is able to see return on their money. In the pharmaceutical industry patents are typically granted for a 20-year period of time, and most patent applications are submitted during the early stages of the product development. The relationship that exists with industry funded biomedical research is that of which industry is the financier for academic institutions which in turn employ scientific investigators to conduct research. A fear that exists wherein a project is funded by industry is that firms might negate informing the public of negative effects to better promote their product. The 2010 amendment to the act mandates that progress reports be submitted along with financial reporting. Currently, there are not any funding reporting requirements for industry sponsored research, but there has been voluntary movement toward this goal. In 2014, major pharmaceutical stakeholders such as Roche and Johnson and Johnson have made financial information publicly available and Pharmaceutical Research and Manufacturers of America (PhRMA), the most prominent professional association for biomedical research companies, has recently begun to provide limited public funding reports. == History ==