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What is Risk-benefit analysis ?

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(@armoneee)
Posts: 48
Eminent Member
 

@ao242 

Looking at patient preference is important in understanding how the risk-benefit assessment impacts patients. Certain patient information is more favorable in testing for the success of the medical device. To better understand if the risks outweigh the benefits certain information is needed to properly assess the data from the product being created. The risk-benefit analysis is needed to follow all guidelines of the FDA and CFR 812.30.

 
Posted : 20/06/2021 10:08 pm
(@mrlee5)
Posts: 49
Eminent Member
 

@amandaally1029 well said. Risk assessment is a very important consideration. It puts into perspective the severity and harmful events that can be associated with the use of the device. Deciding whether the risks are low, severe, or moderate can help you determine whether the device should be available to patients and relevant users. Gauging risk is important, and ultimately one of the factors that determines device acceptability.

 
Posted : 21/06/2021 6:24 pm
(@yroberts)
Posts: 30
Trusted Member
 

One factor is the likelihood that the patient will receive one or more benefits — using the information supplied, it is occasionally feasible to forecast which patients would benefit. It's also feasible that various patient subgroups will get different results, or different degrees of the same result. The device may be suggested for such subgroups if the subgroups can be identified. However, in certain situations, the subgroups may not be discernible. For example, even if just a tiny portion of the population benefits, the benefits may be great enough to offset the dangers.

It is occasionally feasible to anticipate which patients would benefit based on the data supplied, whilst other patients will not.

 
Posted : 16/10/2021 1:23 am
(@atharva)
Posts: 39
Eminent Member
 

A risk-benefit analysis contrasts a situation's advantages and disadvantages. The objective is to determine which is more important—the danger or the profit. It is frequently employed in medicine since every medical operation carries some risk, and some procedures that could be helpful actually end up being statistically more harmful than useful. Medical researchers use this method to determine the types of patients who will benefit and whether it is worthwhile to perform particular procedures. In order to complete a risk-benefit analysis, you need four key pieces of data:
What dangers exist?
How probable are the hazards to occur?
What advantages are there?
How likely is it that the advantages will occur?

 
Posted : 15/11/2022 8:00 pm
(@cbonvillainmsm-edu)
Posts: 22
Eminent Member
 

 

One factor associated with risk benefit analysis is assessment of risks of devices. The assessment of risks of devices is important because it provides insight into adverse events that could occur with the device, procedure related complications, probability and duration of harmful events, and the risks of false positive or false negative results from diagnostics. All of these factors are important because they have the potential to affect patients and their lives. I think that it is always necessary to evaluate the risks vs the benefits especially when developing a device for consumers. 

 
Posted : 14/04/2023 1:16 pm
(@cpierrelouis)
Posts: 30
Eminent Member
 

A risk-benefit analysis is a comparison between the risks of a solution and its benefits. It's used to figure out whether a course of action is worth taking or if the risks are too high. People do this in their everyday lives without realizing it, because everything we do has some kind of risk. In all risk-benefit analysis, all risks and all benefits are combined in one and the same balance. This means that a disadvantage affecting one person can be fully compensated for by an advantage of the same size that affects some other person. 

 
Posted : 16/04/2023 3:50 pm
(@sah67)
Posts: 78
Trusted Member
 

Hello,

One key factor outlined by the FDA in the risk-benefit analysis for decision-making regarding product availability, compliance, and enforcement is the assessment of the severity and irreversibility of the health condition that the medical device aims to address. Understanding the severity of the health condition is crucial because it directly influences the perceived benefits of the device. Devices intended for the treatment or management of severe or life-threatening conditions are often granted more leeway in terms of risks, given the potential for significant benefits. The irreversibility of the health condition is also a critical consideration, as conditions that are irreversible may warrant a higher tolerance for risks if the benefits are substantial. This factor is vital in striking a balance between patient safety and the need for innovative medical solutions, ensuring that regulatory decisions align with the potential impact on patients' health and well-being.

 
Posted : 12/11/2023 3:01 pm
(@mme54)
Posts: 48
Trusted Member
 

one factor that the FDA considers when evaluating the benefit-risk profile of a medical device is the uncertainty associated with the device. There is never 100% certainty when determining the safety and effectiveness of a device, but the degree of certainty of the benefits and risks of a device is a factor that the FDA considers when making benefit-risk determinations. Factors such as poor design or conduct of clinical trials, inadequate analysis of data, or difficulty distinguishing between a real effect and a placebo effect can render the outcomes of the study unreliable. The FDA also considers the potential impact of uncertainty on the risk profile of in vitro diagnostic devices when the biological material is collected via an invasive procedure for the purpose of performing the diagnostic test.

 
Posted : 13/11/2023 11:17 pm
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