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Preferred term

pharmacoeconomics  

Definition

  • Pharmacoeconomics can be defined as the description and analysis of the costs and consequences of pharmaceutical products and services and their impact on individuals, the healthcare system, and society at large. Pharmacoeconomics as a field of research arose in the late 1970s in response to rising expenditures on prescriptions and growing concerns regarding cost containment of drug budgets. [Source: Encyclopedia of Health Services Research; Pharmacoeconomics]

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https://concepts.sagepub.com/social-science/concept/pharmacoeconomics

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