Read your favorite news, except the excluded topics, by you.
Register
No overlapping ads for registered users
young new delhi, An analytic thinking of prices of nearly 550 medicines crosswise 72 countries in 2022 has found that people in low- and middle-income nations could be paying more compared to wealthier ones for the same essential drugs, thereby placing a disproportionate cost burden on patients in poorer nations.
Researchers from the US' Brown University and London School of Economics and Political Science said that 'nominal price' or the price stated on a medicine was higher in richer countries. However, upon accounting for purchasing power in the local currency, actual prices were found to be higher in poorer countries.
They estimated that the typical number of doses of essential medicines consumed per person in 2022 was highest in Europe and lowest in Southeast Asia.
The results, published in The Journal of the American Medical Association Health Forum, indicate that poorer countries face a higher burden of medicine costs, the authors said.
For example, they added, while prices in India were low in nominal terms , the prices were toward the middle of the range after purchasing power was taken into account.
They also noted that while nominal prices were the lowest in Pakistan, actual prices were closer to those in Germany upon accounting for purchasing power.
Drug prices were also found to vary between countries by disease that the drug is used for treating.
For most countries, the highest-priced drugs tended to be those used for treating mental and behavioural disorders and cardiovascular conditions, while the lowest-priced products were those to treat hepatitis B and C, the authors said.
The team further looked at eight essential medicines, used for treating major causes of death and disability the world over, including the antibiotic 'amoxicillin' , escitalopram and ibuprofen. Affordability for the drugs was assessed based on number of days' minimum wages required for purchasing the drugs.
People in India would need to work the most number of days at minimum wage about 10 days to pay for a monthly regimen of tenofovir disoproxil out of pocket, the team said.
Affordability was found to be typically highest in Europe and the Western Pacific, and lowest in Africa and southeast Asia.
"Our results show that while drugs may have a lower nominal price in low- and middle-income countries, they may still be less affordable when considering the relative purchasing power of local currencies," the authors wrote.
"This indicates that some poorer countries face a higher burden of medication costs," they added.
This article was generated from an automated news agency feed without modifications to text.
In today's interconnected world, staying informed about global events is more important than ever. ZisNews provides news coverage from multiple countries, allowing you to compare how different regions report on the same stories. This unique approach helps you gain a broader and more balanced understanding of international affairs. Whether it's politics, business, technology, or cultural trends, ZisNews ensures that you get a well-rounded perspective rather than a one-sided view. Expand your knowledge and see how global narratives unfold from different angles.
At ZisNews, we understand that not every news story interests everyone. That's why we offer a customizable news feed, allowing you to control what you see. By adding keywords, you can filter out unwanted news, blocking articles that contain specific words in their titles or descriptions. This feature enables you to create a personalized experience where you only receive content that aligns with your interests. Register today to take full advantage of this functionality and enjoy a distraction-free news feed.
Stay engaged with the news by interacting with stories that matter to you. Like or dislike articles based on your opinion, and share your thoughts in the comments section. Join discussions, see what others are saying, and be a part of an informed community that values meaningful conversations.
For a seamless news experience, download the ZisNews Android app. Get instant notifications based on your selected categories and stay updated on breaking news. The app also allows you to block unwanted news, ensuring that you only receive content that aligns with your preferences. Stay connected anytime, anywhere.
With ZisNews, you can explore a wide range of topics, ensuring that you never miss important developments. From Technology and Science to Sports, Politics, and Entertainment, we bring you the latest updates from the world's most trusted sources. Whether you are interested in groundbreaking scientific discoveries, tech innovations, or major sports events, our platform keeps you updated in real-time. Our carefully curated news selection helps you stay ahead, providing accurate and relevant stories tailored to diverse interests.
No comments yet.