PowerPoint Pres
U.S. NIH Funding
The National Institutes of Health (NIH) continues to increase its annual funding budget. Funding totaled $38 billion in 2023, (+3.3% YOY), with over $3 billion allocated to the for-profit sector. The proposed budget for fiscal year 2024 is $51 billion, the bulk of which will fund research. Another 3.3% increase in total annual funding should result in an additional $3 billion committed by privately held companies to fund research in 2023.
Non-Profit
For Profit
$40
$3.3
$35
$3.0
$3.3
$2.8
$30
$2.3
$1.8
$25
$1.8
$1.4
$2.1 $1.7 $0.9 $1.5
$1.8 $1.9
$1.3
$1.9 $1.9 $1.9
$1.5 $0.9
$20
$Billions
$34 $35
$32 $32
$15
$29
$26
$23 $24
$22 $22 $23 $22
$21
$21
$21
$21 $21 $22
$21 $21
$10
$5
$0
Source: National Institutes of Health
14 / CUSHMAN & WAKEFIELD
LIFE SCIENCES SEPTEMBER 2023
Made with FlippingBook - Online magazine maker