Market Analysis - Stress 2017
In London, the total economic and social costs of mental ill health are estimated as £25 billion to £27 billion. This is equivalent to approximately £2,990 to £3,210 per person in London. The regional figures show that around £1.43 billion of the £6.63 billion total investment in working age adult mental health services in England, was spent in London. The 2011/12 National Survey of Investment in mental health reports that overall investment in England for this group was around £2.83 billion of which London’s share is about £0.37 billion. The estimated expenditure in London on secondary and tertiary care for people aged 65 and over amounts around £0.20bn in 2011/12.
The total annual expenditure of employers in treatment of stress related disorders was found to be 300 billion $ worldwide. The total number of cases of stress was found to be 42800 in 2011-2012 which constitutes around 40% all work related illnesses.
Stress levels in the workplace are raising with 6 in 10 workers in major global economies experiencing increased workplace stress. Within China (86%) having the highest rise in workplace stress. Alarmingly 91% of adult Australians feel stressed at least in one important area of their lives. Approximately 50% feel very stressed about one part of their life.
In 2001-2002, nearly £27.8 million was granted to local authority areas within London, in the form of the mental health grant. Australian employees are absent for an average of 3.2 working days every year because of stress. This workplace stress costs the Australian economy nearly $14.2 billion. Nearly 13.7 million working days are lost each year in the UK as a result of work related stress at a cost of £28.3 billion per year. The total level of expenditure in London by NHS trusts was estimated to be £477 million in 2001-2002.
Mental health research receives nearly 5.5% (£115 million) of total UK health research spending. Mental health problems constitute an estimated global cost of £1.6 trillion which is greater than cardiovascular disease, chronic respiratory disease, diabetes and cancer on their own. In UK, the estimated costs of mental health problems are £70-100 billion each year, which account for 4.5% of GDP.
There are 1.1 million people in London between the ages of 5-16; nearly 111,000 children in capital are suffering from common mental disorder. Rates are worst in case of children. National estimates that 45% of looked after children aged 5-17years experiencing a mental disorder, whereas 37% has clinically significant disorder, 12% with emotional disorders and 7% were hyperkinetic. The standardized death rate for mental disorders and behavioral disorders in EU was 34.2 deaths out of 100000 inhabitants in 2012. Nearly 60% of people who are suffering from stress are trying to reduce their stress over past 10 years, out of which approximately 53% still unable to get rid of it.
There were 8.2 million cases of anxiety in UK, in 2013. There were 6,233 suicides recorded in UK in 2013 for people aged 15 and older. Out of these, 78% were men and 22% were women. 33.7% of the population is being affected by an anxiety disorder during their lifetime. The annual cost of anxiety disorders in the United States was found to be approximately $42.3 billion in the 1990s.