{"id":1867,"date":"2010-11-03T10:07:31","date_gmt":"2010-11-03T14:07:31","guid":{"rendered":"http:\/\/sciencebusiness.technewslit.com\/?p=1867"},"modified":"2010-12-30T17:27:30","modified_gmt":"2010-12-30T22:27:30","slug":"global-rd-spending-among-innovators-declines-in-2009","status":"publish","type":"post","link":"https:\/\/technewslit.com\/sciencebusiness\/?p=1867","title":{"rendered":"Global R&D Spending Among Innovators Declines in 2009"},"content":{"rendered":"

\"Abacus<\/a>Total R&D spending among the world\u2019s top spenders on innovation dropped in 2009 for the first time in the 13 years studied, according to the annual survey by management consulting firm Booz & Company. At the same time, most science-related companies, especially those in the health care industry, increased their R&D spending, with the pharmaceutical company Roche now the number 1 spender on corporate R&D.<\/p>\n

Booz & Company’s 2010 Global Innovation 1000<\/a>, released today (3 November), says the 1,000 companies that spent the most on research and development decreased their total R&D spending by 3.5 percent to $503 billion in 2009. In 2008, despite the recession, R&D spending continued to grow. In comparison, revenues for the these 1000 enterprises dropped 11 percent to $13.4 trillion in 2009, nearly three times the rate of decline in R&D spending. As a result, R&D spending as a percentage of revenue increased, from 3.5 percent in 2008 to 3.8 percent in 2009.<\/p>\n

Changes in R&D spending varied markedly from one industry to the next. The automobile industry accounted for two-thirds of the $18 billion overall decline in R&D, dropping 14.3 percent from 2008. Companies in the computing and electronics industry registered a a smaller (6.7%) decline in R&D. Both industries suffered significant revenue drops in 2009. As an industry overall, however, computing and electronics retained its leadership as the top R&D spender.<\/p>\n

Other companies based on science and engineering increased their R&D spending in 2009: health care, software and Internet, telecom, chemicals and energy, and aerospace and defense. Health care companies (including pharma) increased their R&D by 1.5 percent in 2009, while revenues also grew by 6 percent. As an industry, health care moved up to the number two spot in R&D spending in 2009. The automotive industry ranked third overall.<\/p>\n

The pharmaceutical company Roche ranked first for innovation spending in 2009, increasing its R&D by 11.6 percent to $9.1 billion. Toyota Motor, ranked no. 1 in 2008, cut spending nearly 20 percent and fell to fourth place. Microsoft, Nokia, and Pfizer ranked 2, 3, and 5 respectively. Health care companies took 5 of the top 10 spots on the list, and 7 of the top 20.<\/p>\n

Companies in Asia registered both increases and decreases in R&D spending, while other regions generally recorded declines. Japanese-based companies cut their R&D by nearly 11 percent in 2009, while enterprises in China and India boosted their R&D spending almost 42 percent. Chinese and Indian representation in the Booz & Company survey, however, is rather small, accounting for about 1 percent of total corporate R&D expenditures. North American R&D spending declined by 2.8 percent, while Europe’s spending stayed about the same as in 2008, declining by just 0.2 percent.<\/p>\n

Related:\u00a0 Worldwide Corporate R&D Drops, Pharma\/Biotech Bucks Trend<\/a><\/p>\n

Photo:\u00a0Anssi Koskinen\/Flickr<\/a><\/p>\n

*\u00a0\u00a0\u00a0\u00a0 *\u00a0\u00a0\u00a0\u00a0 *<\/p>\n","protected":false},"excerpt":{"rendered":"

Total R&D spending among the world\u2019s top spenders on innovation dropped in 2009 for the first time in the 13 years studied, according to the annual survey by management consulting firm Booz & Company. At the same time, most science-related companies, especially those in the health care industry, increased their R&D spending, with the pharmaceutical […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[107,45,24,129],"class_list":["post-1867","post","type-post","status-publish","format-standard","hentry","category-finance","tag-asia","tag-europe","tag-investment","tag-statistics"],"_links":{"self":[{"href":"https:\/\/technewslit.com\/sciencebusiness\/index.php?rest_route=\/wp\/v2\/posts\/1867","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/technewslit.com\/sciencebusiness\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/technewslit.com\/sciencebusiness\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/technewslit.com\/sciencebusiness\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/technewslit.com\/sciencebusiness\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1867"}],"version-history":[{"count":5,"href":"https:\/\/technewslit.com\/sciencebusiness\/index.php?rest_route=\/wp\/v2\/posts\/1867\/revisions"}],"predecessor-version":[{"id":2621,"href":"https:\/\/technewslit.com\/sciencebusiness\/index.php?rest_route=\/wp\/v2\/posts\/1867\/revisions\/2621"}],"wp:attachment":[{"href":"https:\/\/technewslit.com\/sciencebusiness\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1867"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/technewslit.com\/sciencebusiness\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1867"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/technewslit.com\/sciencebusiness\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1867"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}