Authors : Dr. Shiva Mishra

Volume/Issue : Volume 11 - 2026, Issue 1 - January

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DOI : https://doi.org/10.38124/ijisrt/26jan767

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Abstract : Pharmacoeconomics is an important field in healthcare that evaluates the economic impact of pharmaceutical interventions, aiming to optimize resource allocation while ensuring that best health outcomes can be achieved. There are different types of pharmacoeconomic studies being employed like cost-benefit, cost-effectiveness, cost minimization, cost-utility analysis so that the different pharmaceutical products and treatment strategies can be compared. The main aim of strategies is to choose the least expensive alternative but without compromising the quality of patient care.

Keywords : Pharmacoeconomics, Cost-Minimization Analysis, Cost-Effectiveness Analysis, Cost-Benefit Analysis, Cost-Utility Analysis.

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