Analysis indicates a declining trend in the UK's R&D budget for health and medical sciences from 2024 to 2028, signifying a reduced emphasis. In 2023, the share was higher than the forecast for 2024-2028. Year-on-year declines show percentage reductions reflecting a consistent downward pattern. The compound annual growth rate (CAGR) over five years also confirms this negative trend.
Future trends to watch for include:
- Potential policy changes affecting government funding allocation to R&D.
- Economic shifts that might reprioritize healthcare expenditures.
- Technological advancements necessitating increased investment in emerging areas of healthcare.