Ageing and pharmaceutical innovation

Roland Eisen and Yasemin Ilgin

in The Economics of New Health Technologies

Published in print May 2009 | ISBN: 9780199550685
Published online February 2010 | e-ISBN: 9780191720543 | DOI:
 Ageing and pharmaceutical innovation

More Like This

Show all results sharing this subject:

  • Public Health and Epidemiology


Show Summary Details


This chapter asks whether elderly people only spend more on pharmaceuticals to have an easier life, or whether the pharmaceutical industry reacts to this trend of ‘population greying’ by directing research and development (R&D) of new pharmaceuticals in this direction. It outlines a general way in which the process of innovation might be conceptualized, stressing the importance of ‘induced innovations’. It develops the hypothesis that as the proportion of elderly in a population rises, not only the share of pharmaceutical expenditure rises, but also the share of pharmaceutical R&D devoted to this part of the population. With the help of a simple econometric model, the chapter tests this hypothesis and present some results.

Keywords: elderly; pharmaceutical expenditures; health care expenditures; population greying; pharmaceutical R&D; econometric model

Chapter.  3182 words.  Illustrated.

Subjects: Public Health and Epidemiology

Full text: subscription required

How to subscribe Recommend to my Librarian

Buy this work at Oxford University Press »

Users without a subscription are not able to see the full content. Please, subscribe or login to access all content.