How much does women’s health gap cost the world?

Longer life expectancies for men and women have been a societal success story, but this is not the whole picture. Despite living longer than males, women spend 25 per cent more time in bad health. Health burdens have a significant impact on women's life, with far-reaching consequences for society.To address these concerns, the World Economic Forum and the McKinsey Health Institute have published a new insight study as part of the Forum's Women's Health Initiative.The report addresses the root causes of the women's health gap — with a focus on science, data, care delivery, and investment — and proposes several solutions to close it, including incentivising new financing models, investing in women-centric research, and implementing more inclusive health policies.They report says, addressing the women's health gap might enhance the world economy by at least $1 trillion per year by 2040. Investing in women's health, which includes more than simply sexual and reproductive health, is thus not only a question of health equality, but also an opportunity to help women gain greater workforce participation. Most significantly, it would allow them to live better lifestyles. Here’s a closer look.Urgent call for equity in research and treatmentThe huge gap between how women and men's health are treated costs $1 trillion a year worldwide, the World Economic Forum said on Wednesday.Women spend a quarter more of their lives suffering from poor health than men, a disparity that includes an unequal focus on men across medical research, diagnosis and treatment, the report said.Closing this gap would boost the global economy by $1 trillion annually by 2040 — a 1.7 per cent increase in per capita GDP driven by women, it added.The report was released as the WEF hosts its 54th annual conference in Davos, Switzerland.[caption id="attachment_13623812" align="alignnone" width="640"]

The women's health gap report was released as the WEF hosts its 54th annual conference in Davos, Switzerland. AP[/caption]Every US dollar invested in women's health would return three dollars in projected economic growth, the report said.A large part of this growth would come from sick women getting back into the workforce.The gender health gap causes around 75 million years of life lost due to poor health annually, equating to a week per woman every year, the report said.For example, addressing the inequities related to endometriosis and menopause — which only affect women and have long been considered under-studied — could contribute $130 billion to global GDP by 2040, it estimated.Research also suggests that fewer than half the women living with endometriosis have been properly diagnosed, the report added.Ineffective treatments for womenThe study also looked at how treatment and diagnosis has benefitted men more than women.Asthma inhalers, for example, have been found to be significantly less effective for women than men.Women are diagnosed later than men for 700 different diseases, previous research has shown. It also takes women two and a half years longer to be diagnosed with cancer.WEF healthcare head Shyam Bishen said the analysis demonstrates that "investing in women's health must be a priority for every country"."Beyond improving women's quality of life, ensuring women have access to innovations in healthcare is one of the best investments that countries can make for their societies and their economies," he said in a statement.The WEF announced it was launching the Global Alliance for Women's Health, with $55 million pledged for women's health.With inputs from AFP