The R&D budget for Health and Medical Sciences in the US is projected to grow from $48.31 billion in 2024 to $52.05 billion in 2028. This budget demonstrates a steady increase, with an annual growth rate (CAGR) of about 1.87% over these years. Year-on-year, the budget is expected to grow by approximately 1.96% in 2025, 1.90% in 2026, 1.86% in 2027, and 1.80% in 2028, reflecting consistent investment growth in the sector.
Future trends to watch for include:
- An increasing focus on precision medicine and genomics, potentially driving higher budget allocations.
- Integration of AI and machine learning in medical research, necessitating enhanced funding.
- Potential impacts of policy changes on funding levels, especially in response to global health challenges.
