An increase of the health care cost of diabetes mellitus type 2: a precise review on economic impact of diabetes

Since the last decade chronic diseases is a major contributor for rapid rise in healthcare cost in developing countries. It is apparent from published economic studies that people with diabetes account for between 2 and 3% of the total health care budget in every country consequently, an increase in...

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Main Authors:	Islam, Mohd Aminul, Azad, Abul Kalam
Format:	Article
Language:	English English
Published:	INSI Publications 2014
Subjects:	HA154 Statistical data
Online Access:	http://irep.iium.edu.my/35919/ http://irep.iium.edu.my/35919/ http://irep.iium.edu.my/35919/1/AJBAS_40-44.pdf http://irep.iium.edu.my/35919/4/AJBAS_40-44_Published.pdf

id	iium-35919
recordtype	eprints
spelling	iium-359192018-06-21T06:40:51Z http://irep.iium.edu.my/35919/ An increase of the health care cost of diabetes mellitus type 2: a precise review on economic impact of diabetes Islam, Mohd Aminul Azad, Abul Kalam HA154 Statistical data Since the last decade chronic diseases is a major contributor for rapid rise in healthcare cost in developing countries. It is apparent from published economic studies that people with diabetes account for between 2 and 3% of the total health care budget in every country consequently, an increase in the incidence, and therefore the prevalence, of diabetes will have a considerable economic impact. It is also apparent, however, that better health economic studies are needed. Objective: The study aim was to highlight the economic burden for diabetes mellitus type2 on world economy and individual patients care cost. Results: It was estimated that around 54% of deaths in developing countries are due to chronic non- communicable diseases which is predicted to rise by 65% by 2030. Diabetes mellitus is among the most prevalent chronic diseases suffered by more than 180 million people worldwide. By 2030 it is estimated that around 400 million people in the world will be afflicted with diabetes. Annual deaths attributable to diabetes are probably as high as 3 million with more than 80% occur in developing countries. In Bangladesh, the average annual cost of care was found US $ 314 (direct cost US $ 283 and indirect cost US $ 37) ranging from US $ 23 to US $ 1334. By 2020 it is expected that the Canadian economy will lose $11 billion annually as a result of the net mortality of diabetes patients, and long-term care costs for diabetes patients are expected to jump from $1 billion to $2.7 billion annually over that time period. The average annual cost per diabetic patient of Mexican was $708 USD, the total annual cost of diabetics was 2,618,000 USD,15.46% of health spending and 0.79% of GDP. Conclusion: Furthermore, although it is relatively easy to assess the direct costs associated with the disease, better methods are needed to measure the indirect and intangible costs of diabetes to enable full assessment of the economic impact of the disease. INSI Publications 2014-01 Article PeerReviewed application/pdf en http://irep.iium.edu.my/35919/1/AJBAS_40-44.pdf application/pdf en http://irep.iium.edu.my/35919/4/AJBAS_40-44_Published.pdf Islam, Mohd Aminul and Azad, Abul Kalam (2014) An increase of the health care cost of diabetes mellitus type 2: a precise review on economic impact of diabetes. Australian Journal of Basic and Applied Sciences, 8 (1). pp. 40-44. ISSN 1991-8178 http://www.ajbasweb.com
repository_type	Digital Repository
institution_category	Local University
institution	International Islamic University Malaysia
building	IIUM Repository
collection	Online Access
language	English English
topic	HA154 Statistical data
spellingShingle	HA154 Statistical data Islam, Mohd Aminul Azad, Abul Kalam An increase of the health care cost of diabetes mellitus type 2: a precise review on economic impact of diabetes
description	Since the last decade chronic diseases is a major contributor for rapid rise in healthcare cost in developing countries. It is apparent from published economic studies that people with diabetes account for between 2 and 3% of the total health care budget in every country consequently, an increase in the incidence, and therefore the prevalence, of diabetes will have a considerable economic impact. It is also apparent, however, that better health economic studies are needed. Objective: The study aim was to highlight the economic burden for diabetes mellitus type2 on world economy and individual patients care cost. Results: It was estimated that around 54% of deaths in developing countries are due to chronic non- communicable diseases which is predicted to rise by 65% by 2030. Diabetes mellitus is among the most prevalent chronic diseases suffered by more than 180 million people worldwide. By 2030 it is estimated that around 400 million people in the world will be afflicted with diabetes. Annual deaths attributable to diabetes are probably as high as 3 million with more than 80% occur in developing countries. In Bangladesh, the average annual cost of care was found US $ 314 (direct cost US $ 283 and indirect cost US $ 37) ranging from US $ 23 to US $ 1334. By 2020 it is expected that the Canadian economy will lose $11 billion annually as a result of the net mortality of diabetes patients, and long-term care costs for diabetes patients are expected to jump from $1 billion to $2.7 billion annually over that time period. The average annual cost per diabetic patient of Mexican was $708 USD, the total annual cost of diabetics was 2,618,000 USD,15.46% of health spending and 0.79% of GDP. Conclusion: Furthermore, although it is relatively easy to assess the direct costs associated with the disease, better methods are needed to measure the indirect and intangible costs of diabetes to enable full assessment of the economic impact of the disease.
format	Article
author	Islam, Mohd Aminul Azad, Abul Kalam
author_facet	Islam, Mohd Aminul Azad, Abul Kalam
author_sort	Islam, Mohd Aminul
title	An increase of the health care cost of diabetes mellitus type 2: a precise review on economic impact of diabetes
title_short	An increase of the health care cost of diabetes mellitus type 2: a precise review on economic impact of diabetes
title_full	An increase of the health care cost of diabetes mellitus type 2: a precise review on economic impact of diabetes
title_fullStr	An increase of the health care cost of diabetes mellitus type 2: a precise review on economic impact of diabetes
title_full_unstemmed	An increase of the health care cost of diabetes mellitus type 2: a precise review on economic impact of diabetes
title_sort	increase of the health care cost of diabetes mellitus type 2: a precise review on economic impact of diabetes
publisher	INSI Publications
publishDate	2014
url	http://irep.iium.edu.my/35919/ http://irep.iium.edu.my/35919/ http://irep.iium.edu.my/35919/1/AJBAS_40-44.pdf http://irep.iium.edu.my/35919/4/AJBAS_40-44_Published.pdf
first_indexed	2023-09-18T20:51:26Z
last_indexed	2023-09-18T20:51:26Z
_version_	1777410020565057536

An increase of the health care cost of diabetes mellitus type 2: a precise review on economic impact of diabetes

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