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Pharmacoeconomics - India Research

Pharmacoeconomics is a part of health economics and is focused almost exclusively on drug therapy. It basically makes a comparison between one type of drug therapy with another. The basic objective of a pharmacoeconomic study is to assess the cost and the effectiveness of pharmaceutical products. Ph... View more
Pharmacoeconomics is a part of health economics and is focused almost exclusively on drug therapy. It basically makes a comparison between one type of drug therapy with another. The basic objective of a pharmacoeconomic study is to assess the cost and the effectiveness of pharmaceutical products. Pharmacoeconomic studies tend to find out if the cost of a drug in monetary terms justifies the effectives of the drug in enhancing the quality of the patient’s life. Cost-minimization analysis, cost-effectiveness analysis and cost-benefit analysis are some of the different types of pharmacoeconomic studies. Pharmacoeconomics is particularly important after the development of a new drug by pharmaceutical companies, who use it to judge the new product’s cost-effectiveness. In recent years, pharmacoeconomics has become essential in judging the cost-effectiveness of drugs with regard to patients who have chronic lifestyle diseases and consume drugs on a long-term basis. In India, pharmacoeconomic studies are very essential to find out the extent to which the best possible therapy can be applied for the lowest possible price. Hide this

Pharmacoeconomics - All India Research

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