Non-market valuation involves valuing the benefits of projects / policies which are not directly traded in markets (e.g., environment, government infrastructure, public health interventions etc.)

Examples of non-market projects include:
- The value to the community of upgrades to the Opera House
- The value to the community of new developments / attractions in regional NSW
- The value to the community of conserving environmental areas

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Incorporating the patient perspective on the value of medicines into health technology assessments is becoming increasingly more important as acknowledged by several prominent HTA agencies. NICE in the UK has employed several measures, including a Citizen’s Council. Canada, particularly in the area of oncology, has a formalized process through which patient input on drug reviews and feedback on recommendations is obtained to ensure patients’ experiences (both good and bad)... Read more