Significant Health Care Cost Savings Attainable through the Use of Dietary Supplements Frost & Sullivan: Targeted intake of dietary supplements substantially reduces the risk of disease-related events and associated hospitalization costs
MOUNTAIN VIEW, Calif., Sept. 24, 2013 /PRNewswire/ -- The current U.S. health care system does not place a strong emphasis on preventive medicine. Approximately 75 percent of total health care expenses are on preventable diseases, while only 3 percent is invested in disease prevention programs. Although the cost-effectiveness of prevention is still under debate, its role as a component in overall health and wellness is gaining traction. Certain dietary supplements have been scientifically shown to help reduce the risk of costly disease events among high-risk population groups, presenting a smart option to prevent hospitalization costs to the already struggling U.S. health care system.
Frost & Sullivan's (http://www.food.frost.com) recent economic analysis, Smart Prevention — Health Care Cost Savings Resulting from the Targeted Use of Dietary Supplements, assesses the link between the use of dietary supplements at preventive levels and potential health care cost savings. The research confirms that notable cost savings can be realized through the targeted use of scientifically substantiated dietary supplements regimens among high-risk individuals, such as omega-3, B vitamins, phytosterols, or psyllium dietary fiber for coronary heart disease (CHD), chromium picolinate for diabetes-attributed CHD, lutein and zeaxanthin for age-related eye disease (ARED), and calcium and vitamin D or magnesium for osteoporosis.
For instance, by targeting all U.S. adults over the age of 55 with diagnosed CHD, the study found that after using omega-3 dietary supplements at preventive intake levels can potentially yield $484.6 million in net cost savings per year from 2013 to 2020. Lutein and zeaxanthin dietary supplement intervention could save $966.6 million per year for ARED related medical costs through 2020 if all U.S. adults used this dietary supplement regimen at preventive intake levels. Moreover, more than $1.52 billion in health care cost savings per year would be achieved from 2013 to 2020 if all women over the age of 55 with osteoporosis were to use calcium and vitamin D at preventive intake levels.
For more information on Smart Prevention—Health Care Cost Savings Resulting from the Targeted Use of Dietary Supplements, or how to leverage this research for business or policy planning purposes, please send an email to Britni Myers, Corporate Communications, at Britni.Myers@frost.com, with your full name, company name, job title, telephone number, company email address, company website, city, state and country.
"Preventable diseases are one of the greatest contributors to health care costs and is a growing financial burden," said Frost & Sullivan Global Program Director for the Chemicals, Materials and Food Practice, Christopher Shanahan. "Knowing that certain dietary supplements have demonstrated health benefits, it follows by reason that their use can certainly help reduce this burden."
"The results from this analysis are a real game changer," observed Shanahan. "Now, there is clear evidence that the use of dietary supplements can not only improve one's health, but can help reduce health care costs."
About Frost & Sullivan
Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants.
Our "Growth Partnership" supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.
- The Integrated Value Proposition provides support to our clients throughout all phases of their journey to visionary innovation including: research, analysis, strategy, vision, innovation and implementation.
- The Partnership Infrastructure is entirely unique as it constructs the foundation upon which visionary innovation becomes possible. This includes our 360 degree research, comprehensive industry coverage, career best practices as well as our global footprint of more than 40 offices.
For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Is your organization prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies?
Corporate Communications – North America
SOURCE Frost & Sullivan