DALLAS, JUNE 25, 2024 — Cardiovascular disease is the leading cause of death for women, and gaps in care and access persist between women and men. Addressing those gaps could lead to an increase of at least 1.6 million years of quality life and boost the U.S. economy by $28 billion annually by 2040, according to a new report published today by the American Heart Association and the McKinsey Health Institute (MHI). To help close these gaps and foster gender specific cardiovascular disease science into implementation, the Association, observing 100 years of lifesaving service as the world’s leading nonprofit organization focused on heart and brain health for all, also announced the creation of a new venture fund.
DALLAS, JUNE 25, 2024 — Cardiovascular disease is the leading cause of death for women, and gaps in care and access persist between women and men. Addressing those gaps could lead to an increase of at least 1.6 million years of quality life and boost the U.S. economy by $28 billion annually by 2040, according to a new report published today by the American Heart Association and the McKinsey Health Institute (MHI). To help close these gaps and foster gender specific cardiovascular disease science into implementation, the Association, observing 100 years of lifesaving service as the world’s leading nonprofit organization focused on heart and brain health for all, also announced the creation of a new venture fund.
“The state of women’s heart health in the US: A path to improved health and financial outcomes” explores how cardiovascular disease disproportionately affects women in the United States and presents opportunities to close the heart health gap.
According to the paper, one of the main contributors to this gap is a limited understanding of the biological differences between women and men, specifically surrounding how CVD manifests itself in puberty, pregnancy and menopause. Similarly, cardiovascular research and clinical studies often underrepresent women, resulting in subpar treatment outcomes. A lack of scientific knowledge, limited gender-specific medical training, and little investment in specific research and venture funding further exacerbate this disparity. In fact, only 1% of health care research and innovation was invested in female-specific conditions outside of oncology, according to the most recent data available.[1]
Addressing this gap could lead to an increase of at least 1.6 million years of quality life and boost the U.S. economy by $28 billion annually by 2040. The report identifies several pathways to begin to narrow the gap, including:
- Expanding women-focused research, accelerating translation of findings and facilitating the commercialization of products and technologies to improve women’s health.
- Investing in novel approaches that serve women’s health needs and leverage financial capital to target and accelerate cardiovascular, metabolic and neurologic solutions across a woman’s entire lifespan;
- Improving routine health data collection, diagnostics and treatment algorithms;
- Equipping health care providers across the care continuum with training on how to identify and mitigate potential biases within the health care setting;
- Raising public awareness and tailoring prevention strategies for heart health across a woman’s life span.
This report builds on research by the World Economic Forum in collaboration with McKinsey Health Institute released earlier this year.
“It is important for us to have these conversations early, because cardiovascular disease affects women of all ages and phases of life,” shared Megan Greenfield, report co-author, Partner at McKinsey & Company, and Affiliated Leader at the McKinsey Health Institute. “Take pregnancy, for example. CVD is the leading cause of maternal deaths in the U.S. Addressing the gaps that exist in care delivery, evolving medical school training, and early childhood education to reflect biological differences between men and women – are just some actions that can help close the women’s heart health gap.”
“We know that women’s health encompasses much more than reproductive and maternal health,” said Lucy Pérez, report co-author, Senior Partner at McKinsey & Company and Coleader of the McKinsey Health Institute. “Between the disproportionate impact that cardiovascular health has on women, also in ways that are different from men, and the major health and economic opportunity that exists to address it, expanding research and investment in women’s heart health will help mitigate the negative outcomes of cardiovascular disease we’re seeing in the US.”
The American Heart Association’s Go Red for Women Venture Fund
Women make up more than half of the US population, yet women’s health has long been viewed by investors as a niche market, representing just 2% of the more than $41.2 billion in healthcare venture funding in 2023. To begin closing the gaps presented in the report, the American Heart Association has announced plans to address the historic and pervasive lack of investment in women’s health by creating a $75 million women’s health venture fund. The Go Red for Women Venture Fund is seeded with $40 million in direct funding from the Association and supported by a $15 million cornerstone gift from philanthropist Sarah Ross Soter of Palm Beach, Florida. The new fund will help fill the massive capital gap for women’s health companies that translate science to real clinical action and implementation that directly benefits patients and the healthcare system. The fund will invest in companies that serve women’s health needs in areas aligned with the American Heart Association’s mission and that bring capital to companies targeting cardiovascular, metabolic and neurologic solutions across a woman’s entire lifespan. The new fund expects to start deploying capital in late 2024.
As part of its centennial, earlier this month, the Association published alarming cardiovascular health projections in its flagship peer-reviewed scientific journal Circulation. At least 6 in 10 U.S. adults (61%), more than 184 million people, are expected to have some type of CVD within the next 30 years, reflecting a disease prevalence that will have a $1.8 trillion price tag – tripling the current direct and indirect costs. While women are projected to continue to have lower health care spending than men through 2050, the increase in costs over this period is greater in women than men. These projected trends are driven by an aging, more diverse population, along with an anticipated significant increase in chronic health risk factors including high blood pressure and obesity.
“In 1924, the physicians who founded the American Heart Association believed that better understanding of heart disease would lead to better outcomes. Today we know it’s not enough to understand the disease, we also need to understand the patient,” said Nancy Brown, chief executive officer of the American Heart Association. “A woman’s risk for heart disease and stroke changes over the course of her life. As the Association celebrates its centennial year, we’re calling on individuals and industry leaders to join us in supporting innovative strategies that will allow women to live longer, healthier lives free from heart disease and stroke.”
The new Go Red for Women Venture Fund is the second in a series of bold announcements the Association is making during its centennial year. The first was the establishment of a novel, longitudinal direct-to-patient registry of individuals living with overweight and obesity and those prescribed treatment for weight management to provide seminal research to improve understanding of the causes and treatments for obesity, and how obesity is managed by health care professionals.
“As the Association moves into its second century of lifesaving work, we are poised to meet the new challenges head on. We are working in new and exciting ways to fill gaps in scientific research and improve how findings impact real-world care faster,” said Brown.
Read the full report here. | Infographic: Understanding the women’s heart health gap could improve lives and the U.S. (PDF) | Transcript (doc)
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About the American Heart Association
The American Heart Association is a relentless force for a world of longer, healthier lives. We are dedicated to ensuring equitable health in all communities. Through collaboration with numerous organizations, and powered by millions of volunteers, we fund innovative research, advocate for the public’s health and share lifesaving resources. The Dallas-based organization has been a leading source of health information for a century. During 2024 – our Centennial year – we celebrate our rich 100-year history and accomplishments. As we forge ahead into our second century of bold discovery and impact our vision is to advance health and hope for everyone, everywhere. Connect with us on heart.org, Facebook, X or by calling 1-800-AHA-USA1.
About American Heart Association Ventures
American Heart Association Ventures is a platform that leads and coordinates the venture capital programs of the American Heart Association. The vision of American Heart Association Ventures builds upon the overall Association mission by funding programs that ensure the translation of high quality, evidence-based science, research and clinical know-how into actionable, meaningful, equitable and sustainable positive impact for patients and the health care system. For more information visit heart.org/aha-ventures.
About Go Red for Women®
The American Heart Association’s signature initiative, Go Red for Women®, is a comprehensive platform designed to increase women’s heart health awareness and serve as a catalyst for change to improve the lives of women globally. While the majority of cardiac events can be prevented, cardiovascular disease is the leading cause of death in women, claiming the lives of 1 in 3 women. For more than two decades, Go Red for Women has encouraged awareness. The movement harnesses the energy, passion and power of women to band together and collectively wipe out heart disease. It challenges them to know their risk for heart disease and take action to reduce their personal risk. It also gives them tools they need to lead a heart healthy life. The Go Red for Women movement is nationally sponsored by CVS Health, with additional support from national cause supporters. For more information, please visit GoRedforWomen.org or call 1-800-AHA-USA1 (242-8721).
About the McKinsey Health Institute
The McKinsey Health Institute (MHI) is an enduring, non-profit-generating entity within the firm. MHI believes, over the next decade, humanity could add as much as 45 billion extra years of higher-quality life, which is roughly six years per person on average — and substantially more in some countries and populations. MHI’s mission is to catalyze the actions needed across continents, sectors, and communities to realize this possibility.
[1] “Unlocking opportunities in women’s healthcare,” McKinsey, February 14, 2022
