From Health News Today:
A report launched today by the Global Forum for Health Research reveals global expenditure on health research in 2005 was US$ 160.3 billion - the greatest sum ever spent on health research, up from US$ 125.8 billion in 2003. Yet despite the high investment levels research is failing to address the significant health needs of low- and middle-income countries.
The report, which is the only publication to assess the total amount of money spent on health research around the world, found that:
- Together G7 countries were responsible for over 88% of all publicly funded health research undertaken by high-income countries in 2005: USA US$ 35 billion, Japan US$ 6.3 billion, UK US$ 4.2 billion, France US$ 3.5 billion, Germany US$ 3.3 billion, Canada US$ 2.7 billion, Italy US$ 2.5 billion
- 97% of spending on health research continues to be conducted by high-income countries, the remaining 3% by low- and middle-income countries
- Most of the money spent by high-income countries went towards generating products, processes and services required for their own health-care needs
- The global investment in health research represents 4.1% of the total estimated national health investments worldwide
- There is a small but encouraging increase in investment in health research to US$ 5.1 billion by low- and middle-income countries
- Sweden and Finland have exceeded the target EU expenditure level of 3% of GDP on research, yet Portugal and Greece are yet to reach the target of 1% set for African Union countries.
The report, which is the only publication to assess the total amount of money spent on health research around the world, found that:
- Together G7 countries were responsible for over 88% of all publicly funded health research undertaken by high-income countries in 2005: USA US$ 35 billion, Japan US$ 6.3 billion, UK US$ 4.2 billion, France US$ 3.5 billion, Germany US$ 3.3 billion, Canada US$ 2.7 billion, Italy US$ 2.5 billion
- 97% of spending on health research continues to be conducted by high-income countries, the remaining 3% by low- and middle-income countries
- Most of the money spent by high-income countries went towards generating products, processes and services required for their own health-care needs
- The global investment in health research represents 4.1% of the total estimated national health investments worldwide
- There is a small but encouraging increase in investment in health research to US$ 5.1 billion by low- and middle-income countries
- Sweden and Finland have exceeded the target EU expenditure level of 3% of GDP on research, yet Portugal and Greece are yet to reach the target of 1% set for African Union countries.
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