The forecast for business enterprise expenditure on R&D in the US pharmaceutical industry shows a steady year-on-year increase. Starting at 32.25% in 2024, it progressively rises to 34.91% by 2028. The compound annual growth rate (CAGR) over this period is approximately 2%, indicating a consistent upward trend. In 2023, the figure stood slightly below 32.25%, highlighting positive growth in research and development investments post-2023.
Future trends to watch:
- Emerging technologies like AI and biotechnology could further drive R&D expenditure.
- Regulatory changes may impact investment levels and focus areas.
- Global health challenges and demographic shifts could influence long-term spending priorities and strategies.
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