Research Australian has released a report 'Shaping up: trends and statistics in funding health and medical research'. This analysis of the available economic data shows that health research activity is steadily growing, investment in universities, research institutes and hospitals is increasing, and activity within the biotechnology and medical devices industries continues to grow.
Despite this, health research, with its continued reliance on government funding for basic and applied science, and industry or venture capital funding for trialling, testing and commercialisation of new discoveries, is not immune from shifts in economic activity (such as the global financial crisis), social change (i.e. the ageing of the population) and changes in government policy settings. Its future, therefore, is far from guaranteed.
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