"The rising global cost of dementia will pose serious challenges to health and social care systems all around the world," said Marc Wortmann, executive director of ADI, in a statement. Wortmann added that the report's discoveries underlined governments' need to instigate policies and legislation to alleviate the situation.
It estimates that 46.8 million individuals currently live with dementia, however, this figure is expected to almost treble by 2050, to 131.5 million, it added.
At present, 58 percent of sufferers are living in low and middle income countries, according to the report, with 22.9 million currently living in Asia. However, the research suggests this percentage will increase to 68 percent by 2050.
By calculating the current global costs for dementia, the report suggests the world will be paying $1 trillion by 2018 and $2 trillion by 2030. Costs follow a similar trend to its geographical statistics, with fees seen considerably higher in East Asia and Africa.