Research funding of medical product development Essay

Alzheimer’s disease is one of the most common ailments in adults especially the old. Over 26.6 million people around the world are affected by the disease with an increase expected in the coming years. So far, there has been no established cure for the disease whose results are pain and suffering in the patients and death. With these facts, research that can lead to success in tackling this global calamity would be instrumental and welcome. This makes it critical and worth for any form of funding to be provided in any research towards elimination of the same. Research funding of medical product development Essay

The document evaluates the various forms of funding available which would help in the research to develop a novel compound critical in controlling and even curing the disease.

Discussion

National governments are one of the biggest sources of funding for clinical research. Various governments set aside some money in their Health sector budget of which a big portion includes money for research. The government funding programs operate locally or internationally (Murray & Johnston, 2010).

An example in national government funding is the NIH (National Institute of Health) which through its various sections such as the National Human Genome Research Institute provides funding for research projects in America (Kulakowski, 2006). For the case of research in Alzheimer’s disease, national funding is through the National Institute on Aging. Government funding is beneficial in that they are not discriminative compared to funding from other sources such as organizations. However, one disadvantage is that the funds may take long thus jeopardizing the research (Kaitin, 2010). Research funding of medical product development Essay