J Med Assoc Thai 2014; 97 (5):102

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The Economic Evaluation of Medical Devices: Challenges
Kingkaew P Mail, Teerawattananon Y

While many of the principles that guide the economic evaluation of medical devices are somewhat similar to those that guide the evaluation of other health technologies, most outline a methodology that focuses on pharmaceutical products rather providing specific guidance for medical devices. Given that medical devices use a wide range of technologies and can be used for many purposes, conducting an economic analysis for medical devices is not straight forward. The cost and effectiveness of a given technology may depend on a number of factors. The objective of this paper is to provide a summary of issues that need to be addressed before undertaking an economic evaluation of medical devices and to outline a number of suggested approaches for undertaking an economic evaluation of medical devices.

Keywords: Technology assessment, Cost-benefit analysis, Cost, Effectiveness, Medical device


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