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Applying health economics for policy decision making: do devices differ from drugs?
Corinna Sorenson1, Rosanna Tarricone, Markus Siebert
1London School of Economics and Political Science, LSE Health, Houghton Street, London, UK. c.sorenson@lse.ac.uk
Abstract:
Medical devices pose unique challenges for economic evaluation and associated decision-making processes that differ from pharmaceuticals. We highlight and discuss these challenges in the context of cardiac device therapy, based on a systematic review of relevant economic evaluations. Key challenges include practical difficulties in conducting randomized clinical trials, allowing for a 'learning curve' and user characteristics, accounting for the wider organizational impacts of introducing new devices, and allowing for variations in product characteristics and prices over time.
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