Alzheimer's Australia NSW CEO John Watkins says the soaring number of people diagnosed with dementia is alarming.
THE number of people with dementia in Australia has soared to more than 400,000 – and almost 139,000 in NSW - with an estimated cost to the community of more than $14 billion this year alone, a new report has found.
The research predicts this number will climb by another $4 billion in just eight years.
The Economic Cost of Dementia in Australia 2016-2056 report, commissioned by Alzheimer's Australia, has found that if nothing is done to reduce the incidence of dementia, the cost will blow out to more than $18 billion by 2025, in today's dollars, and more than double to $36 billion in less than 40 years as those suffering dementia soars, from an estimated 413,000 people in 2017, to 536,000 people by 2025 and a staggering 1.1 million people by 2056.
In the Bankstown and Canterbury state electorates there is estimated to be 2,950 people living with dementia, which is expected to increase to an estimated 3,750 people by 2025.
Alzheimer's Australia NSW CEO John Watkins said the figures contained in the report were alarming and has renewed the call for a funded National Dementia Strategy to deal with the issue.
"Dementia, which is a National Health Priority Area, is one of the major chronic diseases of this century," Mr Watkins said.
"It is already the second leading cause of death in Australia and we know that the impact is far reaching."