The forecast for Japan's R&D budget allocated to Health and Society, as a percentage of GDP, shows a steady increase from 2024 to 2028. In 2023, this budget stood at 0.053% of GDP. The year-on-year growth predicts a gradual increase, with the rate rising from 0.054% in 2024 to 0.06% by 2028, reflecting a compound annual growth rate (CAGR) over five years. This growth suggests increasing prioritization of health and societal research in Japan's economic planning.
Future trends to watch for:
- Changes in government policy affecting R&D funding allocations.
- Impact of demographic shifts, such as aging population, on healthcare demands and budgets.
- Technological advancements driving new avenues for investment in health and societal research.
- Global economic conditions influencing available R&D resources.
