A systematic review of pharmaceutical price mark-up practice and its implementation

Pharmaceutical products, apart from being essential for medical treatment, are of high value and heavily regulated to ensure the prices are controlled. This systematic review was conducted to identify pharmaceutical pricing mark-up control measures, specifically in the wholesale and retail sectors....

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Autores principales:	Kah Seng Lee, Yaman Walid Kassab, Nur Akmar Taha, Zainol Akbar Zainal
Formato:	article
Lenguaje:	EN
Publicado:	Elsevier 2021
Materias:	Prescription fees Healthcare costs Drug costs Cost control Pharmaceutical economics Price list Pharmacy and materia medica RS1-441
Acceso en línea:	https://doaj.org/article/5a89eeae26bc430f9cba0adf08329c02
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spelling	oai:doaj.org-article:5a89eeae26bc430f9cba0adf08329c022021-11-04T04:44:51ZA systematic review of pharmaceutical price mark-up practice and its implementation2667-276610.1016/j.rcsop.2021.100020https://doaj.org/article/5a89eeae26bc430f9cba0adf08329c022021-06-01T00:00:00Zhttp://www.sciencedirect.com/science/article/pii/S2667276621000202https://doaj.org/toc/2667-2766Pharmaceutical products, apart from being essential for medical treatment, are of high value and heavily regulated to ensure the prices are controlled. This systematic review was conducted to identify pharmaceutical pricing mark-up control measures, specifically in the wholesale and retail sectors. The search method comprised the following databases: PubMed, Science Direct, Springer Link, ProQuest, and EBSCOhost and Google Scholar. The results were filtered systematically from the inception of the aforementioned databases until 23 April 2021. Eligible studies were those focusing on the implementation of pharmaceutical pricing strategies that involve a) mark-ups of medicine, and b) pharmaceutical cost control measures. A total of 13 studies were included in this review: seven covered European countries, four covered Asian countries, one covered the USA and one covered Canada. The main points of discussion in the qualitative synthesis were the implementation of medicine mark-ups, price mark-up regulatory strategies and the outcomes of these regulatory strategies. Our findings suggest that Western countries have a lower mark-up margin, around 4% to 25% of the original purchased price, compared to Asian countries, up to 50%.Kah Seng LeeYaman Walid KassabNur Akmar TahaZainol Akbar ZainalElsevierarticlePrescription feesHealthcare costsDrug costsCost controlPharmaceutical economicsPrice listPharmacy and materia medicaRS1-441ENExploratory Research in Clinical and Social Pharmacy, Vol 2, Iss , Pp 100020- (2021)
institution	DOAJ
collection	DOAJ
language	EN
topic	Prescription fees Healthcare costs Drug costs Cost control Pharmaceutical economics Price list Pharmacy and materia medica RS1-441
spellingShingle	Prescription fees Healthcare costs Drug costs Cost control Pharmaceutical economics Price list Pharmacy and materia medica RS1-441 Kah Seng Lee Yaman Walid Kassab Nur Akmar Taha Zainol Akbar Zainal A systematic review of pharmaceutical price mark-up practice and its implementation
description	Pharmaceutical products, apart from being essential for medical treatment, are of high value and heavily regulated to ensure the prices are controlled. This systematic review was conducted to identify pharmaceutical pricing mark-up control measures, specifically in the wholesale and retail sectors. The search method comprised the following databases: PubMed, Science Direct, Springer Link, ProQuest, and EBSCOhost and Google Scholar. The results were filtered systematically from the inception of the aforementioned databases until 23 April 2021. Eligible studies were those focusing on the implementation of pharmaceutical pricing strategies that involve a) mark-ups of medicine, and b) pharmaceutical cost control measures. A total of 13 studies were included in this review: seven covered European countries, four covered Asian countries, one covered the USA and one covered Canada. The main points of discussion in the qualitative synthesis were the implementation of medicine mark-ups, price mark-up regulatory strategies and the outcomes of these regulatory strategies. Our findings suggest that Western countries have a lower mark-up margin, around 4% to 25% of the original purchased price, compared to Asian countries, up to 50%.
format	article
author	Kah Seng Lee Yaman Walid Kassab Nur Akmar Taha Zainol Akbar Zainal
author_facet	Kah Seng Lee Yaman Walid Kassab Nur Akmar Taha Zainol Akbar Zainal
author_sort	Kah Seng Lee
title	A systematic review of pharmaceutical price mark-up practice and its implementation
title_short	A systematic review of pharmaceutical price mark-up practice and its implementation
title_full	A systematic review of pharmaceutical price mark-up practice and its implementation
title_fullStr	A systematic review of pharmaceutical price mark-up practice and its implementation
title_full_unstemmed	A systematic review of pharmaceutical price mark-up practice and its implementation
title_sort	systematic review of pharmaceutical price mark-up practice and its implementation
publisher	Elsevier
publishDate	2021
url	https://doaj.org/article/5a89eeae26bc430f9cba0adf08329c02
work_keys_str_mv	AT kahsenglee asystematicreviewofpharmaceuticalpricemarkuppracticeanditsimplementation AT yamanwalidkassab asystematicreviewofpharmaceuticalpricemarkuppracticeanditsimplementation AT nurakmartaha asystematicreviewofpharmaceuticalpricemarkuppracticeanditsimplementation AT zainolakbarzainal asystematicreviewofpharmaceuticalpricemarkuppracticeanditsimplementation AT kahsenglee systematicreviewofpharmaceuticalpricemarkuppracticeanditsimplementation AT yamanwalidkassab systematicreviewofpharmaceuticalpricemarkuppracticeanditsimplementation AT nurakmartaha systematicreviewofpharmaceuticalpricemarkuppracticeanditsimplementation AT zainolakbarzainal systematicreviewofpharmaceuticalpricemarkuppracticeanditsimplementation
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A systematic review of pharmaceutical price mark-up practice and its implementation

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