How much is the diabetes industry worth?

The estimated total economic cost of diagnosed diabetes in 2017 is $327 billion, a 26\% increase from our previous estimate of $245 billion (in 2012 dollars). This estimate highlights the substantial burden that diabetes imposes on society.

Is diabetes a big issue?

Diabetes is a major cause of blindness, kidney failure, heart attacks, stroke and lower limb amputation. Between 2000 and 2016, there was a 5\% increase in premature mortality from diabetes. In 2019, diabetes was the ninth leading cause of death with an estimated 1.5 million deaths directly caused by diabetes.

What is the economic impact of diabetes?

The estimated national cost of diabetes in 2017 is $327 billion, of which $237 billion (73\%) represents direct health care expenditures attributed to diabetes and $90 billion (27\%) represents lost productivity from work-related absenteeism, reduced productivity at work and at home, unemployment from chronic disability.

How much money is spent on diabetes each year?

Diabetes is the most expensive chronic condition in our nation. $1 out of every $4 in US health care costs is spent on caring for people with diabetes. $237 billion‡(c) is spent each year on direct medical costs and another $90 billion‡(c) on reduced productivity.

How big is the market for diabetes?

The United States diabetes devices market has been estimated to be valued at more than USD 18.9 billion by 2020, registering a CAGR of over 6\% during the forecast period (2021 – 2026).

Is type 2 diabetes expensive?

Here are the facts: The cost of all types of diagnosed diabetes in the United States is $327 billion in 2017, according to the American Diabetes Association. This includes both direct ($237 billion) and indirect ($90 billion) costs.

Is diabetes a pandemic or epidemic?

Diabetes is a global epidemic affecting an estimated 382 million people worldwide. The WHO projects that diabetes will be the 7th leading cause of death by 2030. An estimated 4 million people die annually from diabetes complications.

Is type 2 diabetes an epidemic?

Type 2 diabetes is now a global epidemic. The authors are correct that our ability to address the epidemic of type 2 diabetes in AANHPI will require insights gained from epidemiological and pathophysiological studies and clinical trials. Stemming the epidemic will also require culturally appropriate interventions.

How big is the diabetes market in the US?

The United States diabetes devices market has been estimated to be valued at more than USD 18.9 billion by 2020, registering a CAGR of over 6\% during the forecast period (2021 – 2026). Diabetes care devices are used to control glucose levels in the blood.

Why is Covid killing diabetics?

People with diabetes tend to live in a chronic inflammatory state, setting them up for a more severe inflammatory response to Covid-19 that can culminate in a life-threatening cytokine storm. That immune overreaction is thought to harm some people more through organ damage than via the actual viral infection.

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