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Some economics on personalized and predictive medicine

Author

Listed:
  • F. Antoñanzas
  • C. Juárez-Castelló
  • R. Rodríguez-Ibeas

Abstract

Although promising, the use of personalized medicine is still under scrutiny as there are important issues demanding a response. Personalized medicine may have an impact in the drug development processes, and contribute to the efficiency and effectiveness of health care delivery. Nevertheless, more accurate statistical and economic information related to tests results and treatment costs as well as additional medical information on the efficacy of the treatments are needed to adopt decisions that incorporate economic rationality. Copyright Springer-Verlag Berlin Heidelberg 2015

Suggested Citation

  • F. Antoñanzas & C. Juárez-Castelló & R. Rodríguez-Ibeas, 2015. "Some economics on personalized and predictive medicine," The European Journal of Health Economics, Springer;Deutsche Gesellschaft für Gesundheitsökonomie (DGGÖ), vol. 16(9), pages 985-994, December.
    • Handle: RePEc:spr:eujhec:v:16:y:2015:i:9:p:985-994
    DOI: 10.1007/s10198-014-0647-8
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    References listed on IDEAS

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    1. Meckley, Lisa M. & Neumann, Peter J., 2010. "Personalized medicine: Factors influencing reimbursement," Health Policy, Elsevier, vol. 94(2), pages 91-100, February.
    2. Fernando Antoñanzas & R. Rodríguez-Ibeas & M. Hutter & R. Lorente & C. Juárez & M. Pinillos, 2012. "Genetic testing in the European Union: does economic evaluation matter?," The European Journal of Health Economics, Springer;Deutsche Gesellschaft für Gesundheitsökonomie (DGGÖ), vol. 13(5), pages 651-661, October.
    3. Nils-Eric Sahlin & Göran Hermerén, 2012. "Personalised, predictive and preventive medicine: a decision-theoretic perspective," Journal of Risk Research, Taylor & Francis Journals, vol. 15(5), pages 453-457, May.
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    Cited by:

    1. Bardey, David & Kembou, Samuel & Ventelou, Bruno, 2021. "Physicians’ incentives to adopt personalised medicine: Experimental evidence," Journal of Economic Behavior & Organization, Elsevier, vol. 191(C), pages 686-713.

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    More about this item

    Keywords

    Economic model; Personalized medicine; Predictive medicine; Genetic testing; Specificity; Sensitivity; I11; I18;
    All these keywords.

    JEL classification:

    • I11 - Health, Education, and Welfare - - Health - - - Analysis of Health Care Markets
    • I18 - Health, Education, and Welfare - - Health - - - Government Policy; Regulation; Public Health

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