Costs

Any research done in a laboratory is expensive, demanding, and ultimately can lead into a failure or a success. The National Institute of Health conducts all research that is taken by scientists in labs studying embryonic stem cells and their potential. Whether it be extracting the embryos of funding the microscopes and lab materials, millions upon millions of tax payers dollars go toward this research – $546 million to be exact. But with his extraordinary cost, there are many pieces that go into it.
Since the early 200’s until present day, the National Institute of Health has put forth $546 million dollars into this research, and $137 million of it alone was during the year of 2010. It was recently discovered that there are over 400,000 In-Vitro fertilized embryos dating as far back as the 1970’s that have just been frozen over time.
But with these costs, there are many outlooks and potential for success in embryonic stem cells. With the $546 million dollars that are spent, companies such as HESC have plans to save over $250 billion dollars due to 5 diseases that embryonic stem cells hold the most potential to cure/treat. Heart failure, Parkinson’s, strokes, insulin-dependent diseases along with spinal cord injuries hold the most promise for stem cells. All of these disease rack up 18 million of the general population that are affected by it. Treatments that appear to help for a significant amount of time have costed U.S. Citizens $250 billion, and with embryonic stem cell research funding, this cost could be cut in half or even more.
The market for regenerative medicine is between $2-$5 billion, and each year is estimated to make a profit of over $10 billion. Stem cell research is a national resource, presenting a new frontier for intellectual capital and global commercialization, with significant promise to provide jobs, raise the GDP, and increase tax revenues.
With an aging population and viruses and bacteria that are becoming immune to new medications, there needs to be a new way to diagnose diseases that have a treatment/cure; those who haven’t before. Each year, millions of people are diagnosed with diseases that have no cure and no treatment. 18 million people that are affected by the 5 diseases that embryonic stem cells could heal, would help to reduce the total population affected by these diseases.

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