Integrating health economics modeling in the product development cycle of medical devices: A Bayesian approach

International Journal of Technology Assessment in Health Care

Volumn 24, Issue 4, 2008, Pages 459-464

  Vallejo Torres, Laura ^a   Steuten, Lotte M G ^a   Buxton, Martin J ^a   Girling, Alan J ^b   Lilford, Richard J ^b   Young, Terry ^a  

^a BRUNEL UNIVERSITY   (United Kingdom)

^b UNIVERSITY OF BIRMINGHAM   (United Kingdom)

Author keywords

Bayesian analysis; Iterative economic evaluation; Medical devices

Indexed keywords

COST EFFECTIVENESS; HEALTH; INVESTMENTS; LIFE CYCLE; PRODUCT DEVELOPMENT; PROJECT MANAGEMENT; STAGES; TECHNOLOGICAL FORECASTING; TECHNOLOGY;

BAYESIAN ANALYSIS; BAYESIAN APPROACHES; BAYESIAN METHODS; DECISION POINTS; DEVELOPMENT PROCESSES; DYNAMIC FRAMEWORK; EARLY DEVELOPMENT; EARLY STAGES; ECONOMIC EVALUATION; ECONOMIC EVALUATIONS; HEALTH ECONOMICS; HEALTH TECHNOLOGY ASSESSMENT; INVESTMENT DECISIONS; ITERATIVE ECONOMIC EVALUATION; LATE STAGE; MEDICAL DEVICE COMPANIES; MEDICAL DEVICES; NEW PRODUCTS; NEW TECHNOLOGIES; PRODUCT-DEVELOPMENT CYCLES;

BAYESIAN NETWORKS;

BAYES THEOREM; BIOMEDICAL TECHNOLOGY ASSESSMENT; COMMERCIAL PHENOMENA; DECISION MAKING; MEDICAL INSTRUMENTATION; METHODOLOGY; REVIEW;

BAYES THEOREM; COST-BENEFIT ANALYSIS; EQUIPMENT AND SUPPLIES; HUMANS; MODELS, ECONOMETRIC; TECHNOLOGY ASSESSMENT, BIOMEDICAL; TIME FACTORS;

EID: 53149141761     PISSN: 02664623     EISSN: 14716348     Source Type: Journal    
DOI: 10.1017/S0266462308080604     Document Type: Review

References (19)

1. Campbell G. Guidance of the use of Bayesian statistic in medical device clinical trials. Food and Drug Administration; 2006. http://www.fda.gov/cdrh/osb/guidance/1601.pdf.
2. Claxton K, Sculpher M, Drummond M. A rational framework for decision making by the National Institute for Clinical Excellence (NICE). Lancet. 2002;360:711-715.
3. Cosh E, Girling A, Lilford R, et al. Investing in new medical technologies: A decision framework. J Commer Biotechnol. 2007;13:263-271.
4. Dong H, Buxton M. Early assessment of the likely cost-effectiveness of a new technology: A Markov model with probabilistic sensitivity analysis of computer-assisted total knee replacement. Int J Technol Assess Health Care. 2006;22:191-202.
5. Fenwick E, Palmer S, Claxton K, et al. An iterative Bayesian approach to health technology assessment: Application to a policy of preoperative optimization for patients undergoing major elective surgery. Med Decis Making. 2006;26:480-496.
6. Girling A, Freeman G, Gordon JP, et al. Modelling payback from research into the efficacy of left-ventricular assist devices as destination therapy. Int J Technol Assess Health Care. 2007;23:269-277.
7. Martin J, Murphy E, Crowe JA, Norris BJ. Capturing user requirements in medical device development: The role of ergonomics. Physiol Meas. 2006;27:R49-R62.
8. National Institute for Clinical Excellence. Guide to the methods of technology appraisal. London: NICE; 2004.
9. O'Hagan A, Buck CE, Daneshkhah A, et al. Uncertain judgements - Eliciting experts' probabilities. London: Wiley; 2006.
10. Prevost TC, Abrams KR, Jones DR. Hierarchical models in generalised synthesis of evidence: An example based on studies of breast cancer. Stat Med. 2000;19:3359-3376.
11. Sculpher M, Claxton K, Drummond M, McCabe C. Whither trial-based economic evaluation for health care decision making? Health Econ. 2006;15:677-687.
12. Sculpher M, Drummond M, Buxton MJ. The iterative use of economic evaluation as part of the process of health technology assessment. J Health Serv Res Policy. 1997;2:26-30.
13. Siebert M, Clauss LC, Carlisle M, et al. Health technology assessment for medical devices in Europe: What must be considered. Int J Technol Assess Health Care. 2002;18:733-740.
14. Spiegelhalter DJ, Myles JP, Jones DR, Abrams KR. Bayesian methods in health technology assessment: A review. Health Technol Assess. 2000;4:1-130.
15. Spiegelhalter DJ, Myles JP, Jones DR, Abrams KR. Methods in health service research: An introduction to Bayesian methods in health technology assessment. BMJ. 1999;319:508-512.
16. Sutton A, Abrams KR. Bayesian methods in meta-analysis and evidence synthesis. Stat Methods Med Res. 2001;10:277-303.
17. Torgerson CJ, Torgerson DJ. The need for pragmatic experimentation in educational research. Econ Innov New Technol. 2007;16:323-330.
18. van Til JA, Renzenbrink GJ, Groothuis K, Ijzerman MJ. A preliminary economic evaluation of percutaneous neuromuscular electrical stimulation in the treatment of hemiplegic shoulder pain. Disabil Rehabil. 2006;28:645-651.
19. Warburton RN. Patient safety - how much is enough? Health policy 2005;75:223-232.