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mb698 replied to the topic What is Risk-benefit analysis ? in the forum Risk Analysis for Medical Devices 6 years, 6 months ago
A risk-benefit analysis is a comparison between the risks of a situation and its benefits. Risk Benefit Analysis is important to determine the benefits and risks which are considered for the product. The main aim is to find out if the risk or benefits is significant. It is often used in medicines since every medical procedure has risks associated with it and some procedures that could be beneficial turn out to statistically cause more harm than good. That is why it is figured out if certain procedures are worth doing and what types of people will be benefitted. Risk benefit analysis could improve the effectiveness of the product.