The High Cost of DiabetesBill Deegan
According to the American Diabetes Association, nearly 30 million Americans have diabetes. Another 86 million have prediabetes.
Diabetes and prediabetes cost the United States more than $322 billion per year.
1 in every 5 health care dollar is spent caring for people with diabetes.
1 in every 3 Medicare dollar is spent caring for people diagnosed with diabetes.
Not only is the market substantial but it is growing. Twenty years ago the percentage of the U.S. population diagnosed with diabetes was less than three percent. Today, the number exceeds seven percent.
This represents a tremendous opportunity for Bioscience Americas.