GITNUX MARKETDATA REPORT 2024

Medical Research Statistics: Market Report & Data

With sources from: fda.gov, journals.plos.org, who.int, hbr.org and many more

Statistic 1

When it comes to promising drug trials, only about 14% of them will eventually get approved by the FDA.

Statistic 2

Only about 10% of medical studies are randomized controlled trials—the gold standard for medical research.

Statistic 3

There are currently more than 320,000 research studies happening in all 50 US states and around 209 countries.

Statistic 4

In the United States, more than $180 billion is invested in medical and health research and development each year.

Statistic 5

Every $1 spent on medical research returns $3.20 in health benefits.

Statistic 6

Only 37% of medical research is publicly funded; the rest comes from private industry.

Statistic 7

Of all the medical papers published, 85% are never cited again.

Statistic 8

Research misconduct is involved in up to 2% of papers.

Statistic 9

According to WHO, over 5700 international clinical trials were registered worldwide in 2018 only.

Statistic 10

It takes an average of 12 years to get a drug from the lab to a patient.

Statistic 11

About 1.3 million practicing scientists are involved in biomedical research in the U.S.

Statistic 12

Annual medical research spend per capita is $119.72 in the U.S.

Statistic 13

Clinical trials for cancer therapies have the lowest success rate compared to other diseases at only 3.4%.

Statistic 14

There is a 70% surge in funding for cancer research in the last 15 years.

Statistic 15

Cardiovascular research receives only 3% of public and charity medical research funding in the UK.

Statistic 16

It is estimated that only about half of published medical research is reliable.

Statistic 17

Out of 101 clinical studies, only 2 have significant results.

Statistic 18

Only 1 out of 5,000 drugs that enter preclinical testing make it to market.

Statistic 19

Almost 48% of researchers in life science have failed to reproduce their own experiments.

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In this post, we will explore a myriad of eye-opening statistics related to the intricacies of medical research. From the success rates of drug trials to the substantial investment in research and development, these statistics shed light on the complexities and challenges faced by researchers in the field of healthcare. Let’s dive in to uncover the fascinating world of medical research statistics.

Statistic 1

"When it comes to promising drug trials, only about 14% of them will eventually get approved by the FDA."

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Statistic 2

"Only about 10% of medical studies are randomized controlled trials—the gold standard for medical research."

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Statistic 3

"There are currently more than 320,000 research studies happening in all 50 US states and around 209 countries."

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Statistic 4

"In the United States, more than $180 billion is invested in medical and health research and development each year."

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Statistic 5

"Every $1 spent on medical research returns $3.20 in health benefits."

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Statistic 6

"Only 37% of medical research is publicly funded; the rest comes from private industry."

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Statistic 7

"Of all the medical papers published, 85% are never cited again."

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Statistic 8

"Research misconduct is involved in up to 2% of papers."

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Statistic 9

"According to WHO, over 5700 international clinical trials were registered worldwide in 2018 only."

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Statistic 10

"It takes an average of 12 years to get a drug from the lab to a patient."

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Statistic 11

"About 1.3 million practicing scientists are involved in biomedical research in the U.S."

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Statistic 12

"Annual medical research spend per capita is $119.72 in the U.S."

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Statistic 13

"Clinical trials for cancer therapies have the lowest success rate compared to other diseases at only 3.4%."

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Statistic 14

"There is a 70% surge in funding for cancer research in the last 15 years."

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Statistic 15

"Cardiovascular research receives only 3% of public and charity medical research funding in the UK."

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Statistic 16

"It is estimated that only about half of published medical research is reliable."

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Statistic 17

"Out of 101 clinical studies, only 2 have significant results."

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Statistic 18

"Only 1 out of 5,000 drugs that enter preclinical testing make it to market."

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Statistic 19

"Almost 48% of researchers in life science have failed to reproduce their own experiments."

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Interpretation

In conclusion, the world of medical research statistics presents a complex landscape characterized by high investment, varying success rates, and ongoing challenges. While there is a substantial amount of funding and research activity globally, the approval rates for drug trials and success rates for various types of studies are relatively low. Despite the significant resources allocated to medical research, issues such as research misconduct, reproducibility concerns, and the reliability of published research continue to be prevalent. The data also highlight disparities in funding allocation across different disease areas, with cancer research receiving increased support in recent years compared to cardiovascular research. Overall, these statistics underscore the importance of ongoing scrutiny, improvement, and collaboration within the medical research community to enhance the quality and impact of scientific endeavors.

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