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Prostate Cancer Cost in Australia

Lifetime risk: 1 in 5 men Australians will be diagnosed with Prostate Cancer

Cost Breakdown

Lifetime Out-of-Pocket Cost
$42,130
Treatment Costs
  • Total prostatectomy with lymphadenectomy$500-$10,000
  • Transperineal prostate biopsy$10-$1,000
  • MRI scan of prostate$118-$345

Source: Zurich Cost of Care Volume 2. Costs are averages and may vary based on individual circumstances.

Risk Statistics

Lifetime Risk
1 in 5 men
Age Prevalence
Highest in men aged 65-79
Current Cases in Australia
25k
Annual Deaths
4k
Key Statistics
  • Age 65 Risk: 1 in 22
  • Age 75 Risk: 1 in 8
  • Family Risk: Risk doubles if father or brother diagnosed
  • New Cases Per Day: 70

Source: Zurich Cost of Care Volume 2. Statistics represent Australian population averages.

Financial Impact

1 in 4 men stopped working as a result of diagnosis, most retiring 4-5 years earlier than planned. 90% of patients who undergo total prostatectomy experience out of pocket costs.

Recovery Period
6 weeks (surgery)
Treatment Duration
Daily for 4 to 9 weeks (radiation)

Insurance Coverage Considerations

Trauma Insurance

Higher Priority
Common Amount
$50,556
From: $200,000

Prostate Cancer has an average lifetime cost of $42,130. Trauma insurance provides a lump sum payment upon diagnosis to cover treatment costs, recovery expenses, and income loss during treatment.

Important: The information above is based on average costs and factual data. It does not take into account your individual circumstances, needs, or financial situation.

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This is general advice only and does not take into account your individual circumstances, needs, or financial situation. You should consider the appropriateness of this general advice before acting on it. Please read the Product Disclosure Statement (PDS) before making a decision. Consider seeking personal advice from a licensed financial adviser. AR: 1244847 | AFSL: 246623

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Related Cancer Conditions

Breast Cancer

Lifetime cost: $41k

Risk: 1 in 7 females, 1 in 638 males

Melanoma

Lifetime cost: $23k

Risk: 1 in 14 (1 in 12 men, 1 in 17 women)

Bowel Cancer

Lifetime cost: $59k

Risk: 1 in 14 (1 in 13 men, 1 in 15 women)

Lung Cancer

Lifetime cost: $85k

Risk: 1 in 16 (1 in 15 men, 1 in 17 women)

Important Information

Cost estimates are from Zurich Cost of Care Volume 2 research and represent averages. Your actual costs may vary.

Insurance coverage recommendations are general in nature. This is general advice only and does not take into account your individual circumstances. Speak with a licensed adviser to determine appropriate coverage for your situation.

AR: 1244847 | AFSL: 246623

Source: Zurich Cost of Care Volume 2 (Released June 2024)