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Medical research funding may have over-expanded and be due for collapse

Charlton, B.G.; Andras, P.

Authors

B.G. Charlton

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Prof Peter Andras P.Andras@napier.ac.uk
Dean of School of Computing Engineering and the Built Environment



Abstract

The continual and uninterrupted expansion of medical research funding is generally assumed to be a permanent feature of modern societies, but this expectation may turn out to be mistaken. Sciences tend to go through boom and bust phases. Twentieth century physics is an example where huge increases in funding followed an era of scientific breakthroughs. Speculative over-expansion led to diminishing returns on investment, then a collapse in funding. We predict that medicine will follow the same trajectory. After prolonged over-funding of the ‘basic-to-applied’ model of clinical innovation, and a progressive shift towards Big Science organization, medical research has become increasingly inefficient and ineffective. Although incremental improvements to existing treatment strategies continue, the rate of significant therapeutic breakthroughs has been declining for three decades. Medical science now requires rationalization and modernization. From this perspective, the current level of medical research funding looks like a bubble due to burst.

Citation

Charlton, B., & Andras, P. (2005). Medical research funding may have over-expanded and be due for collapse. QJM: An International Journal of Medicine, 98(1), 53-55. https://doi.org/10.1093/qjmed/hci003

Journal Article Type Article
Publication Date 2005-01
Deposit Date Nov 8, 2021
Journal Qjm
Print ISSN 1460-2725
Publisher Oxford University Press
Peer Reviewed Not Peer Reviewed
Volume 98
Issue 1
Pages 53-55
DOI https://doi.org/10.1093/qjmed/hci003
Keywords investments physics rationalization medical research collapse
Public URL http://researchrepository.napier.ac.uk/Output/2808689