U.S. outlays from the National Institutes of Health (NIH), clinical trials, and healthcare government grants for May increased over April and Y/Y, according to Baird Equity Research.
In May, NIH outlays increased ~13% YY in May and 16% vs. April to $3.49B, after a 14% YY decline and 15% YY growth in April and March, respectively.
Clinical trials listed on clinicaltrials.gov monthly increased ~1% in May to 416,913, a rise of 10% Y/Y. Baird believes if growth continues on its YTD trajectory, this would imply ~441,424 registered clinical trials at 2022-end, a ~10.5% YY increase, slightly above 2021’s ~10.2% YY growth.
As of May 31, 35,563 clinical trials were funded by the NIH, 128,999 were funded by industry, 7,802 were funded by other U.S. federal agencies, and 248,229 were funded by other sources.
U.S. government grants increased ~1% vs. April-end and ~7% YY. The fastest-growing keyword among grants during May was “diagnostic,” which rose 1% vs. April-end.