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Cancer Costs World Economy Nearly $1 Trillion Per Year
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August 17, 2010 2:07 p.m. EST
Topics: economy, business and finance, health, disease, pharmaceutical, cancer, macro economics, chemicals, business, consumer issue, United States
Windsor Genova - AHN News News Writer
New York, NY, United States (AHN) - Cancer costs the world economy $895 billion per year, according to a study on the economic cost of causes of deaths conducted by the American Cancer Society and LIVESTRONG.
Death and disability from lung cancer, colon/rectal cancer and breast cancer account for the largest economic costs on a global scale, and the greatest burden in high income countries, the study said. In the low-income countries, cancers of the mouth and oropharynx, cervix and breast have the greatest impact.
Cancers of the lung, bronchus and trachea account for the largest drain in the world economy, nearly $180 billion yearly.
“The lost years of life and productivity caused by cancer represent the single largest drain on national economies, compared to other causes of death, including HIV/AIDS and other infectious diseases,” the study said.
This year, cancer is projected to become the leading cause of death worldwide followed by heart disease and stroke.
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