Worldwide Cost for Dementia Care is $315 Billion Annually

Recently www.alz.org released a new data publication that was truly shocking. The total worldwide cost of dementia care is estimated to be $315.4 billion annually, according to new data published in “An Estimate of the Total Worldwide Societal Costs of Dementia in 2005,” in the April 2007 issue of Alzheimer’s & Dementia: The Journal of the Alzheimer’s Association.

The costs were based on an estimated world dementia population of 29.3 million persons. 77 percent of the total costs occurred in the world’s more developed regions, which have 46 percent of the dementia prevalence.

$315.4 billion is higher than the total budget of all but eight of the world’s countries. (According to the 2007 CIA World Factbook, only the U.S., Japan, Germany, France, U.K., Italy, China and Spain have 2007 budget expenditures greater that $315.4 billion.)

Being in this indusrty it is no surpirse how high the cost is. Everyday people are developing alzheimers and demntia snd the need for care services is on the rise.

Read more of this article at : http://www.alz.org/media_8491.asp