Department of Clinical Pharmacy, Jouf University, Sakaka, Saudi Arabia
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Economic Evaluation of Personalized Medicine: An Application of Cost-Effectiveness Analysis
Author(s): Saud Ksahali*
Personalized medicine has emerged as a promising approach to healthcare, tailoring medical treatments to individual patients based on their
genetic makeup, lifestyle factors, and environmental influences. While personalized medicine offers the potential for improved patient outcomes and
targeted interventions, its economic implications have garnered significant attention. This paper explores the economic evaluation of personalized
medicine, with a specific focus on the application of Cost-Effectiveness Analysis (CEA). By quantifying the costs and outcomes associated with
personalized medicine interventions, CEA provides a framework to assess the value and efficiency of these treatments. This analysis reveals the
complexities involved in evaluating personalized medicine from an economic perspective and highlights the need for robust data, appropriate
methodology.. Read More»
DOI:
10.37421/2472-1042.2023.8.176
Pharmacoeconomics: Open Access received 95 citations as per Google Scholar report