Business Wire

The Office of Health Economics: Adult Vaccination Programmes Deliver Socio-economic Benefits up to 19 Times Initial Investment, According to New Report

Share

A new report published today reveals that adult vaccination programmes can return up to 19 times their initial investment when the full spectrum of economic and societal benefits is valued. The 19x return is equivalent to up to USD 4,637 in net monetary benefits to society per individual full vaccination course.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240417519822/en/

To view this piece of content from mms.businesswire.com, please give your consent at the top of this page.

Learn more about the economic benefits of investing in adult immunisation programmes in a new study by the Office of Health Economics (OHE). Graphic: OHE

The study, a first-of-its-kind analysis of adult immunisation programmes by the Office of Health Economics (OHE) and commissioned by IFPMA (1), looked at four adult vaccines across ten countries where they are available to determine the wider economic and social impact.

Focusing on vaccines that protect against influenza (flu), pneumococcal disease, respiratory syncytial virus (RSV), and herpes zoster (shingles), the research looks at the delivery of vaccine programmes in countries that represent a range of healthcare systems, demographics, and vaccine schedules - Australia, Brazil, France, Germany, Italy, Japan, Poland, South Africa, Thailand, and the United States.

The report concludes that the vaccination programmes deliver substantial returns on government investment through cost savings within healthcare systems and wider socio-economic benefits. Preventing illness reduces doctor and hospital visits, meaning valuable resources can be allocated elsewhere, and ensuring a healthy and active workforce throughout life can boost economic productivity.

The data also demonstrates that adult immunisation can deliver socio-economic returns proportional to childhood immunisation programmes (2). Despite this, access to adult vaccination is inconsistent around the world, with limited inclusion in routine immunisation schedules.

Professor Lotte Steuten, Deputy CEO of OHE, and co-author of the report, said:

“Increasing pressures on ailing healthcare systems, such as ageing populations, are driving an urgent need to shift to a prevention-first mindset. Our report sets out a compelling case for adult immunisation programmes playing a key role in the shift to prevention.

Our findings show that costs are offset multiple times over by benefits to society when governments invest in adult immunisation programmes. These returns are realised through benefits to individuals, families, and communities, providing a clear call to action to countries not already implementing or expanding robust vaccination schedules.”

The researchers used an established vaccine value framework to gather evidence but discovered a lack of data across many elements. This finding, coupled with a lack of agreed methods for capturing some elements, means the positive returns shown are likely to be underestimates of the full value that adult vaccines bring to society.

The report has been released ahead of the WHO’s World Immunisation Week, and addressing such evidence gaps will be critical in meeting the ambition of the Immunization Agenda 2030. This includes a strategic priority to ensure that ‘all people benefit from recommended immunizations throughout the life-course’ and explicitly outlines the need for data guided implementation.

Laetitia Bigger, IFPMA Vaccines Policy Director, added:

“This important study widens the lens to demonstrate that adult vaccination programmes are delivering real benefits for health systems and societies across the globe.

Vaccines are one of the most effective public health measures and can also be a powerful driver of more productive economies and resilient societies.

“It is critical that these benefits are better understood if we are to ensure that people who can benefit from adult immunisation programmes are able to access them.”

Maarten Postma, Professor in Pharmacoeconomics at the University of Groningen (Netherlands) and reviewer of the report’s methodology, commented:

“Assessing the value of adult immunisation provides policymakers with a clearer picture of the associated benefits and costs. This comprehensive report looked at four adult vaccines internationally and employed a rigorous methodological framework to assess their value."

(1) The International Federation of Pharmaceutical Manufacturers and Associations (IFPMA) is the innovative pharmaceutical industry’s representative in official relations with the United Nations.

(2) Using the value-of-a-statistical-life approach, return on investment for 10 childhood vaccination programmes was 51.0 from 2011 to 2020 and 52.2 from 2021 to 2030 (Source: https://www.healthaffairs.org/doi/10.1377/hlthaff.2020.00103).

- ENDS -

Notes to editors

About the report

The full report ‘The Socio-Economic Value of Adult Immunisation Programmes’ is available at: https://www.ohe.org/publications/the-socio-economic-value-of-adult-immunisation-programmes/

About OHE

With over 60 years of expertise, the Office of Health Economics (OHE) is the world’s oldest independent health economics research organisation. Every day we work to improve health care through pioneering and innovative research, analysis, and education.

As a global thought leader and publisher in the economics of health, health care, and life sciences, we partner with Universities, Government, health systems and the pharmaceutical industry to research and respond to global health challenges.

As a government–recognised Independent Research Organisation and not–for–profit, our international reputation for the quality and independence of our research is at the forefront of all we do. OHE provides independent and pioneering resources, research and analyses in health economics, health policy and health statistics. Our work informs decision–making about health care and pharmaceutical issues at a global level.

All of our work is available for free online at www.ohe.org

About IFPMA

The International Federation of Pharmaceutical Manufacturers and Associations (IFPMA) represents over 90 innovative pharmaceutical companies and associations around the world. Our industry’s almost three million employees discover, develop, and deliver medicines and vaccines that advance global health. Based in Geneva, IFPMA has official relations with the United Nations and contributes industry expertise to help the global health community improve the lives of people everywhere. For more information, visit ifpma.org.

To view this piece of content from cts.businesswire.com, please give your consent at the top of this page.

Contact information

For further details, including high-resolution photos, or to arrange a briefing or interview, please contact:

Tim Watson
Director of Marketing & Communications,
Office of Health Economics

T: +44 (0)7866 288456
E: twatson@ohe.org

About Business Wire

Business Wire
Business Wire
24 Martin Lane
EC4R 0DR London

+44 20 7626 1982http://www.businesswire.co.uk

(c) 2018 Business Wire, Inc., All rights reserved.

Business Wire, a Berkshire Hathaway company, is the global leader in multiplatform press release distribution.

Subscribe to releases from Business Wire

Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.

Latest releases from Business Wire

RTL Luxembourg Deploys Verimatrix Streamkeeper to Protect Premier Auto Racing from Piracy30.4.2024 17:45:00 CEST | Press release

Regulatory News: Verimatrix, (Euronext Paris: VMX), the leader in powering the modern connected world with people-centered security, today announced that RTL Luxembourg, the country’s leading media company, selected the Verimatrix Streamkeeper Multi-DRM solution to ensure the security of its highly valuable motorsport content and the protection of its related revenues. As one of the region’s top media outlets, RTL looks to provide high levels of trust for its content owners while also maintaining protections for its associated revenue streams. Verimatrix Streamkeeper Multi-DRM ensures the operator remains in control of its valuable digital assets and reduces costs and complexities that are all too common in other DRM schemes. “From the first contact with Verimatrix to the go-live moment, very few interactions were needed,” said Tom Weber, CTO at RTL Luxembourg. “It went seamlessly and very quick in a few days. We’re happy to see such a committed team that is striving to satisfy the cus

Laserfiche AI Document Summarization: Simplifying Content Consumption and Powering Productivity30.4.2024 16:00:00 CEST | Press release

Laserfiche — the leading SaaS provider of intelligent content management and business process automation — today announced the availability of new generative AI-powered document summarization in Laserfiche Cloud. The release represents one landmark in the Laserfiche AI vision to transform the workplace, empowering individuals to unlock the value in their organization’s content, gain control of processes and deploy AI at scale. Organizations face the challenge of managing growing amounts of data across departments, offices and geographic locations — making it difficult to find the value hidden inside those repositories. Laserfiche AI Document Summarization achieves this by unlocking more meaningful insights into content, giving users the ability to create and share short summaries of repository entries, resulting in: Increased productivity, by reducing the time it takes to identify and consume business content Enhanced communication, by delivering concise meeting or project notes to tea

Leveraging AI, MYbank Enables Financing Services for 53 Million SMEs30.4.2024 15:41:00 CEST | Press release

MYbank, a leading digital bank in China and an associate of Ant Group, today released its 2023 Annual Report, which announces that the bank has cumulatively served over 53 million small and micro-sized enterprises (SMEs) as of the end of 2023. The report also highlights MYbank’s continued investment in technology, with 36% of its operating expenses allocated to tech and over 64% of its workforce comprising of tech talents. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240430942970/en/ MYbank makes financing more accessible for 53 million SMEs (Graphic: Business Wire) “MYbank remains committed to supporting SMEs’ funding needs amidst ongoing economic and technological transformations. As a technology-driven bank, MYbank will enhance its capabilities through continuous exploration of AI and other emerging technologies, aiming to make finance more inclusive for all,” said MYbank President Feng Liang. Leveraging Ant Group’s sel

Xsolla Founder Shurick Agapitov to Address the Future of the Internet at Qatar Economic Forum30.4.2024 15:00:00 CEST | Press release

Xsolla, a global video game commerce company, announces that its founder, Shurick Agapitov, will be a key participant in a pivotal session at the Qatar Economic Forum powered by Bloomberg, scheduled to take place in Doha from May 14 to 16, 2024. This influential forum brings together global thought leaders to navigate through transformative economic discussions, and Xsolla's presence underscores its commitment to shaping the future of gaming commerce technology. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240430286010/en/ (Photo: Business Wire) On May 15 at 2:50 PM AST (Arabia Standard Time), Mr. Agapitov will participate in the session entitled "Metaverse: The Future of the Internet?" This engaging dialogue aims to dissect the ongoing transformation of the internet into a multi-trillion-dollar, interconnected 3D virtual world. He will share the panel with Jayesh Maganlal, Group Chief Information and Digital Officer at RO

Eastman and Lubrizol Collaborate to Enhance TPE Overmolding Adhesion With Sustainable Materials30.4.2024 14:42:00 CEST | Press release

Eastman and Lubrizol have successfully partnered on improving adhesion strength of thermoplastic elastomers (TPEs) overmolded onto Eastman Tritan™ copolyester TX1501HF. The collaboration stemmed from a mutual recognition of overmolding's importance in manufacturing while delivering improved product performance and aesthetics in consumer goods when using Eastman’s sustainable material, Tritan™ Renew, and Lubrizol’s ESTANE® ECO, renewably sourced TPU. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240430342572/en/ Eastman and Lubrizol collaborate to enhance TPE overmolding adhesion with sustainable materials. (Photo: Business Wire) The companies researched how specific processing variables impact the adhesion strength of overmolded samples produced through 2K injection molding. The study’s findings are believed to be applicable across various TPE and substrate combinations. This is of particular interest when mechanical interl

HiddenA line styled icon from Orion Icon Library.Eye