Radiologists received only 1.1% of industry-funded research payments in 2024, with a continuing downward trend.
Key Details
- 1In 2024, radiologists received $90.4M across 5,782 industry payments, constituting just 1.1% of total U.S. industry research spending.
- 2Radiology’s proportion of funding has decreased from 1.34% in 2019 to 1.06% in 2024.
- 3898 unique radiologists received research payments in 2024; 189 earned 80% of the funds.
- 4$1.04M was allocated to AI-specific radiology research in 2024.
- 5Most industry research funding (79%) went to noncovered entities like universities and research foundations, not to hospitals or individual physicians.
- 6Professional societies and academic departments are urged to improve radiology's competitiveness for industry-sponsored research.
Why It Matters
As federal research funding becomes less certain, radiology's declining industry funding share could limit innovation and AI development in the specialty. Targeted strategies may be needed to secure a larger share of research investment.
Source
AuntMinnie
Related News
•Radiology Business
New Rubric Enhances Safety of AI-Generated Radiology Summaries
Researchers developed a five-factor rubric to assess the safety and quality of AI-generated, patient-friendly radiology report summaries.
•Radiology Business
UCLA Review Evaluates Breast AI for Early Cancer Detection
A UCLA-led review analyzes current evidence for AI tools in screening mammography, focusing on their capability to detect interval cancers.
•Radiology Business
AI Model Surpasses Radiologists in Detecting Subtle Hip Fractures
A new AI model outperformed radiologists in identifying difficult-to-detect femoral neck fractures on radiographs.