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Medical Sciences Improve 'Market Share' of Academic R&D

Photonics Spectra
Mar 1999
The medical science sector has shown the largest increase in "market share," according to a recent brief from the National Science Foundation, which tracked academic R&D spending between 1973 and 1996.
During that period, medical sciences' share increased from 22.4 to 27.6 percent. Each percentage point was worth $230 million in 1996, translating to $6.35 billion. At the same time, engineering, computer sciences and astronomy also gained in their share of the R&D pie. While the overall amount of money available increased, certain sectors saw a decrease in share, including social sciences, biology and physics.

GLOSSARY
astronomy
The scientific observation of celestial radiation that has reached the vicinity of Earth, and the interpretation of these observations to determine the characteristics of the extraterrestrial bodies and phenomena that have emitted the radiation.
astronomyBasic ScienceBusinesslight speed

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