A series of studies conducted by researchers from the New York University revealed that common chemicals that affect human hormones can cost more than €150bn ($165.4bn; £108.5bn) a year in damage to human health in Europe.

A team led by New York University presented their data at the annual meeting of the Endocrinology Society.

The data suggested higher economic impact of chemicals in pesticides, plastics and flame retardants. However, experts said the findings need some more detailed research.

Researchers associated with the study said that Endocrine-disrupting chemicals (EDCs) can be physically similar to hormones that naturally control in our body's physiology. These chemicals can even block the function of hormones.

Many previously conducted studies have linked EDCs with declining sperm count, cancers, impaired intelligence, obesity and diabetes. The authors of the study argued on the point that limiting exposure would have noteworthy benefits.

It has been found that one of the most famous disrupting chemicals, bisphenol A (BPA), has been banned in baby bottles and children's toys in EU.

Still the European Commission said they are still unclear about the relationship between EDCs and health and said that they have even asked for some further detailed research on the issue.

According to experts, several conditions linked to EDC's are also influenced by a wide range of other environmental influences.

The mathematical models presented by the team suggested that the cost caused by chemicals in the 27 members of the EU was €157bn ($173bn; £113.6bn) a year, which could be much higher.

The calculations presented by the team showed that they were more than 99% certain that at least one of the chemicals was having an impact on health.

As per researchers, the major economic impact was from pesticides (€120bn; $132.3bn; £86.8bn), followed by chemicals found in plastics (€26bn; $28.7bn; £18.8bn) and flame retardants (€9bn; $9.9bn; £6.5bn).