When a pharmacoeconomic analysis looks at two or more treatment alternatives that are considered equal in efficacy and compares the costs of each it is referred to as:

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When two or more treatment alternatives are considered equal in efficacy and the pharmacoeconomic analysis compares the costs of each, it is referred to as a cost-minimization analysis. A cost-of-illness analysis looks at the overall economic burden of a disease, a cost-effectiveness analysis evaluates the additional cost of a treatment in relation to the additional benefit gained, and a cost-benefit analysis compares the costs and benefits of a treatment in monetary terms.

When a Pharmacoeconomic Analysis Looks at Two or More Treatment