Contribution of clinical trials to gross domestic product in Hungary.

Croat Med J

Zoltán Kaló, Department of Health Policy and Health Economics, Faculty of Social Sciences, Eötvös Loránd University, Pázmány Péter sétány 1/a, H-1117 Budapest, Hungary,

Published: October 2014

Aim: To determine the contribution of clinical trials to the gross domestic product (GDP) in Hungary.

Methods: An anonymous survey of pharmaceutical companies and clinical research organizations (CROs) was conducted to estimate their clinical trial-related employment and revenues. Clinical trial documents at the National Institute of Pharmacy (NIP) were analyzed to estimate trial-related revenues at health care institutions and the value of investigational medical products (IMPs) based on avoided drug costs. Financial benefits were calculated as 2010 US $ purchasing power parity (PPP) values.

Results: Clinical trials increased the revenue of Hungarian health care providers by 1 US $65.6 million. The value of IMPs was US $67.0 million. Clinical trial operation and management activities generated 900 jobs and US $166.9 million in revenue among CROs and pharmaceutical companies.

Conclusions: The contribution of clinical trials to the Hungarian GDP in 2010 amounted to 0.2%. Participation in international clinical trials may result in health, financial, and intangible benefits that contribute to the sustainability of health care systems, especially in countries with severe resource constraints. Although a conservative approach was employed to estimate the economic benefits of clinical trials, further research is necessary to improve the generalizability of our findings.

Download full-text PDF

Source
http://www.ncbi.nlm.nih.gov/pmc/articles/PMC4228288PMC
http://dx.doi.org/10.3325/cmj.2014.55.446DOI Listing

Publication Analysis

Top Keywords

clinical trials
24
contribution clinical
12
health care
12
clinical
9
trials gross
8
gross domestic
8
domestic product
8
clinical trial
8
trials
6
product hungary
4

Similar Publications

Want AI Summaries of new PubMed Abstracts delivered to your In-box?

Enter search terms and have AI summaries delivered each week - change queries or unsubscribe any time!