Literature DB >> 33487179

The risk-value trade-off: price and brand information impact consumers' intentions to purchase OTC drugs.

Lisa Aufegger1, Celine Yanar2, Ara Darzi2, Colin Bicknell2.   

Abstract

BACKGROUND: European countries face fiscal pressure regarding the long-term sustainability of their healthcare system due to increasing levels of public health expenditures and mounting demographic pressures. The promotion of generic drugs is considered to be an efficient means to tackle these challenges; however, market diffusion remains slow. The aim of this study was to investigate the impact of price and brand cues on purchase intentions by means of Direct-to-Consumer (DTC) advertising, and to build on the market cue evaluation model by Dodd et al.
METHODS: Participants rated purchase intentions on six DTC adverts varying in price and brand information, followed by self-reports on purchase intentions, attitudes towards generics, brand loyalty, price consciousness, as well as perceptions of quality, risk and value. Open-ended questions explored attitudes toward generic drugs.
RESULTS: Brand information and purchase intentions were mediated by perceived risk and perceived quality, while price information influenced purchase intention through perceptions of quality, risk and value. Consumers' purchase behaviour was furthermore  influenced by unawareness and misconceptions, past experiences, and advertising as a decision-making tool.
CONCLUSIONS: Advertisements, including price and brand information, are an important tool to improve consumers' awareness of the availability of different OTC drugs. Practical and theoretical implications are discussed.

Entities:  

Keywords:  Brand; OTC advertisement; Perceived risk; Price information; Purchase intention; quality; value

Year:  2021        PMID: 33487179      PMCID: PMC7831199          DOI: 10.1186/s40545-020-00293-5

Source DB:  PubMed          Journal:  J Pharm Policy Pract        ISSN: 2052-3211


  18 in total

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Authors:  J M Ganther; D H Kreling
Journal:  J Am Pharm Assoc (Wash)       Date:  2000 May-Jun

2.  An Index and Test of Linear Moderated Mediation.

Authors:  Andrew F Hayes
Journal:  Multivariate Behav Res       Date:  2015       Impact factor: 5.923

3.  Patients' Preferences for Generic and Branded Over-the-Counter Medicines: An Adaptive Conjoint Analysis Approach.

Authors:  Merja Halme; Kari Linden; Kimmo Kääriä
Journal:  Patient       Date:  2009-12-01       Impact factor: 3.883

4.  Just one question: If one question works, why ask several?

Authors:  Ann Bowling
Journal:  J Epidemiol Community Health       Date:  2005-05       Impact factor: 3.710

5.  Validity of measures is no simple matter.

Authors:  Lee Sechrest
Journal:  Health Serv Res       Date:  2005-10       Impact factor: 3.402

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Authors:  Mina Lee; Karen Whitehill King; Leonard N Reid
Journal:  J Health Commun       Date:  2015-03-02

7.  Consumers' willingness to buy and willingness to pay for fair trade food: The influence of consciousness for fair consumption, environmental concern, trust and innovativeness.

Authors:  Faruk Anıl Konuk
Journal:  Food Res Int       Date:  2019-02-15       Impact factor: 6.475

8.  Factors influencing consumer purchasing patterns of generic versus brand name over-the-counter drugs.

Authors:  Erol Kohli; Allison Buller
Journal:  South Med J       Date:  2013-02       Impact factor: 0.954

9.  Prices of over-the-counter drugs used by 15-year-old adolescents in Germany and their association with socioeconomic background.

Authors:  Salvatore Italia; Silke B Wolfenstetter; Irene Brüske; Joachim Heinrich; Dietrich Berdel; Andrea von Berg; Irina Lehmann; Marie Standl; Christina M Teuner
Journal:  BMC Public Health       Date:  2017-11-25       Impact factor: 3.295

Review 10.  What do people really think of generic medicines? A systematic review and critical appraisal of literature on stakeholder perceptions of generic drugs.

Authors:  Suzanne S Dunne; Colum P Dunne
Journal:  BMC Med       Date:  2015-07-29       Impact factor: 8.775

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  1 in total

1.  Attitude and Purchase Intention to Generic Drugs.

Authors:  Ricardo Arcaro; Cássia Rita Pereira da Veiga; Wesley Vieira da Silva; Claudimar Pereira da Veiga
Journal:  Int J Environ Res Public Health       Date:  2021-04-26       Impact factor: 3.390

  1 in total

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