Silver Book Fact

Increased use of medical technology, like colonoscopy and sigmoidoscopy for colon cancer screening, could save $178.2 billion between 2010 and 2035.

Health Savings: Medical technology and the economic burden of disease. http://assets1b.milkeninstitute.org/assets/Publication/ResearchReport/PDF/HealthySavings.pdf. Published 2014

Reference

Title
Health Savings: Medical technology and the economic burden of disease
Publisher
Milken Institute
Publication Date
Published 2014
Authors
Chatterjee, A, J King, S Kubendran, and R DeVol
URL
Read Full Resource

Categories

  • Innovative Medical Research
  • Future Value

Related Facts

  • A modest 1% reduction in cancer mortality would be worth close to $500 billion. A cure for cancer (if one is feasible) would be worth around $50 trillion.  
  • The 5-year survival rate for all cancers diagnosed between 1995 and 2001 is up from 50% in 1974-1976 to 65%.  
  • Medicines Prevent Cancer Recurrence: New breast cancer drug greatly reduces recurrence and death (5 to 10 years after diagnosis in postmenopausal women)  
  • Cancer death rates for all races/ethnicities and both sexes combined decreased by 2.1% per year from 2002-2004, nearly twice the annual decrease of 1.1% per year from 1993-2002.  
  • After one year, 73 percent of non-small-cell lung cancer patients with the EGFR genetic mutation who were treated with a tyrosine kinase inhibitor had survived, compared to 15 percent who…