Pharmacoeconomics is the field of economic evaluation of medical technologies, and it has emerged to fill the needs of the area.
Pharmacoeconomic analysis plays a crucial role in disease management, helping to evaluate and identify cost-effective medications for the treatment of diseases. Several pharmacoeconomic techniques are used to examine a new medical technology or treatment option, e.g., Cost–Benefit Analysis (CBA), Cost-Effectiveness Analysis (CEA), and Cost-Utility Analysis (CUA).