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. 2023 Jul 6;41(11):1469–1514. doi: 10.1007/s40273-023-01268-5

Table 2.

Cost-effectiveness and uncertainty results

Study, year Comparison Cost, year Effect measure Which is cost effective ICER (currency) Threshold Quadrant (location in source) Key driver Sensitivity analysis First sensitive factor Second sensitive factor Third sensitive factor
Barnett, 2018 [37] Liraglutide vs. sitagliptin Direct, 2016 QALY, LY, incidence of DRC, onset of DRC Liraglutide 15,423/QALY, (GBP) GBP20,000/QALY QNE (Fig. 2) Lower rates and delayed onset of DRCs offset the higher treatment cost DSA generally confirmed findings. Except lipid or hypoglycaemia difference only led to the same effect but more cost, and BMI or SBP difference only led to 150k+ and 279k+ ICER; PSA likewise Lipid difference only Hypoglycaemia difference only BMI difference only
Basson, 2018 [36] Dulaglutide vs. exenatide QW Direct, 2014 QALY, LY, incidence of DRC, onset of DRC Dulaglutide Dominant (EUR) EUR30,000/QALY QSE (Fig. 2) Lower rates and delayed onset of DRCs offset the higher treatment cost DSA generally confirmed findings; PSA likewise Variation in treatment efficacy Time on treatment Shorter time horizon (10 years)
Ericsson, 2018 [35] Liraglutide + basal INS vs. lixisenatide + basal INS, IDegLira Direct, 2016; indirect, 2015 QALY, LY, incidence of DRC Liraglutide and IDegLira

Vs. lixisenatide: 30.802/QALY

Scenarios: IDegLira vs. lixisenatide: 34.800/QALY | 23.984/QALY | dominant (SEK)

SEK100,000–1,000,000/QALY QNE for liraglutide vs. lixisenatide (Fig. 1, Table 4); QNE for IDegLira vs. lixisenatide = QNE or QSE dependent on dosage (Table 5) More complications avoided DSA generally confirmed findings. Except liraglutide was not CE when HbA1c changes were assumed equal; PSA likewise Hba1c reduction of liraglutide critical in achieving CE Liraglutide 1.8 mg replaced with 1.2 mg led to liraglutide being dominant Shorter time horizon (10 years)
Tzanetakos, 2018 [34] Exenatide QW vs. INS glargine, liraglutide Direct, 2016 QALY, LY, incidence of DRC Exenatide QW Vs. INS glargine: 4499/QALY vs. liraglutide: 2827/QALY (EUR) EUR36,000/QALY QNE for exenatide once-weekly vs. IG, QNE for exenatide once-weekly vs. liraglutide (Table 3) Vs. INS glargine: lower cumulative incidence of DRCs (IHD, MI, hypoglycaemia) offset higher acquisition cost vs. liraglutide: lower cumulative incidence of DRCs (CHF, stroke) and fatality offset higher acquisition cost DSA generally confirmed findings; PSA likewise Lower utility to BMI weights Switching HbA1c threshold Hba1c effect of exenatide QW 1w set to upper limit
Ericsson, 2019 [44] Semaglutide-I vs. dulaglutide, lixisenatide Direct, 2018; indirect, 2016 QALY, LY, incidence of DRC Semaglutide-I Vs. dulaglutide: dominant, vs. lixisenatide: dominant (SEK) SEK500,000/QALY QSE for semaglutide-I vs. dulaglutide, QSE for semaglutide-I vs. lixisenatide (Fig. 1) For both comparisons: longer time to onset of DRCs, reduction of DRC incidence (particularly retinopathy) led to reduced costs and higher quality of life with semaglutide-I DSA confirmed findings. Except with intensification at lower HbA1c threshold for semaglutide-I vs. dulaglutide; PSA confirmed base case No drift in last intensification Intensification at HbA1c 7.5% Shorter time horizon (20 years)
Gæde, 2019 [52] Semaglutide-I vs. dulaglutide, exenatide QW, liraglutide, lixisenatide Direct, 2017 QALY, LY, incidence of DRC, onset of DRC Semaglutide-I Primary analysis: dominant Secondary analysis: semaglutide-I 0.5 mg dominant, semaglutide-I 1 mg dominant (DKK) DKK250,000/QALY (based on UK threshold) QSE for semaglutide-I 0.5 mg vs. dulaglutide, QSE for semaglutide-I 1 mg vs. dulaglutide (Table 2) Delay to treatment intensification, lower rates, and delayed onset of DRCs DSA generally confirmed findings. Including only statistically significant differences made semaglutide-I 0.5 mg non-CE. With different treatment intensification, semaglutide-I was non-dominant but still CE; PSA confirmed base case Only statistically significant differences Treatment switch at 3 or 5 years made semaglutide-I 1 and 0.5 mg not dominant Shorter time horizon (10 years)
Hunt, 2019 [43] Semaglutide-I vs. INS glargine, dulaglutide Direct + indirect, 2017 QALY, LY, incidence of DRC, onset of DRC Semaglutide-I

Semaglutide-I 0.5 mg vs. dulaglutide – direct: 4671/QALY direct + indirect: dominant

Semaglutide-I 1 mg vs. dulaglutide – direct: 2861/QALY direct + indirect: dominant

Semaglutide-I 0.5 mg vs. INS glargine – direct: 11,310/QALY direct + indirect: 4988/QALY

Semaglutide-I 1 mg vs. INS glargine – direct: 7515/QALY direct + indirect: 495/QALY (EUR)

EUR12,900/QALY Direct costs: QNE for semaglutide-I 0.5 mg vs. glargine, QNE for semaglutide-I 1 mg vs. glargine, QNE for semaglutide-I 0.5 mg vs. dulaglutide, QNE for semaglutide-I 1 mg vs. dulaglutide with indirect costs: QNE, QNE, QSE, and QSE respectively (Table 4) Semaglutide-I vs. INS glargine: reduction in cumulative incidence of DRCs and increased time to their onset. Largest cost saving from avoided CVD complications. This offset higher pharmacy costs of semaglutide-I. Combining direct + indirect reduced ICER further. Semaglutide-I vs. dulaglutide: same, but avoided ophthalmological complications most notable. Combining direct + indirect led to semaglutide-I dominating DSA confirmed findings; PSA likewise Hypoglycaemia difference only SBP difference only Lipid difference only
Johansen, 2019 [68] Semaglutide-I vs. dulaglutide Direct + indirect, 2017 QALY, LY, incidence of DRC Semaglutide-I Semaglutide-I 0.5 mg vs. dulaglutide 0.75 mg: dominant, semaglutide-I 1 mg vs. dulaglutide 1.5 mg: dominant (CAD) CAD50,000/QALY QSE for semaglutide-I 0.5 mg vs. dulaglutide 0.5 mg, QSE for semaglutide-I 1 mg vs. dulaglutide 1.5 mg (Fig. 3, Table 3) Higher cost of semaglutide-I due to longer treatment period (than dulaglutide) before switch to INS, offset by reduced complications, and longer onset until them. Same concept led to higher QALY for semaglutide-I DSA confirmed findings; PSA: low dose, 66% probability of being CE at 50k/QALY; high dose 73% for PSA scenario analyses: 98% CE for both dose comparisons Scenario: HbA1c drift at 0.14%, discontinuing GLP1 at 8% HbA1c threshold, and replacing it with INS Scenario: No INS effect, HbA1c remain at 8% when reached Shorter time horizon (10 years)
Malkin, 2019 [41] Semaglutide-I vs. liraglutide Direct, drug, unknown year, DRC 2017 QALY, LY, incidence of DRC, onset of DRC Semaglutide-I 523/QALY (EUR) EUR52,390/QALY (3 times Estonian GDP/capita) QNE (Table 4) Reduced incidence and delayed time to onset of DRC and avoidance of ulcer, amputation, neuropathy, hypoglycaemia, CVD DSA confirmed findings. In some cases, semaglutide-I dominated; PSA likewise Shorter time horizon (10 years) Use of UKPDS 82 0% discount rate
Malkin, 2019 [42] Semaglutide-I vs. dulaglutide Direct, year unknown QALY, LY, incidence of DRC, onset of DRC Semaglutide-I Semaglutide-I 0.5 vs. dulaglutide 1.5: dominant, semaglutide-I 1 vs. dulaglutide 1.5: dominant (EUR) EUR25,536/QALY (28 times average monthly wage in Slovakia) QSE for semaglutide-I 0.5 mg vs. dulaglutide 1.5 mg, QSE for semaglutide-I 1 mg vs. dulaglutide 1.5 mg (Table 5) Reduced incidence and delayed time to onset of DRC and avoidance of ulcer, amputation, neuropathy, hypoglycaemia, CVD DSA confirmed findings. In DSA it is dominant all the time; PSA is 57–72% likely to be CE Treatment switch at 7.5% HbA1c Statistically significant differences only 0% discount rate
Raya, 2019 [39] IDegLira vs. GLP1, INS mix + GLP1, basal INS, MDI Direct, 2016 QALY, LY, incidence of DRC, onset of DRC IDegLira Vs. MDI: 3013/QALY, vs. basal: 6890/QALY, vs. GLP1: dominant, vs. GLP1 + INS: dominant (EUR) EUR30,000/QALY QNE for IDegLira vs. MDI, QNE for IDegLira vs. basal, QSE for IDegLira vs. INS+GLP1, QSE for IDegLira vs. GLP1 (Table 4, Fig. 2) Vs. MDI: improved glycemic control led to fewer DRCs, higher cost offset by reduced cost of DRC vs. GLP1 + INS: cost saving because of fewer DRCs vs. basal: higher cost offset by reduced DRCs and delayed onset vs. GLP1: cost saving in general, fewer DRCs DSA generally confirmed findings. Highly sensitive to (leads to non-CE) abolishment of HbA1c difference though (vs. MDI); PSA likewise HbA1c difference abolishment vs. MDI OR basal INS NPH INS cost applied Statistically significant differences only
Viljoen, 2019 [38] Semaglutide-I vs. dulaglutide Direct, 2016 QALY, LY, incidence of DRC, onset of DRC Semaglutide-I Semaglutide-I 0.5 vs. dulaglutide 1.5: dominant, semaglutide-I 1 vs. Dulaglutide 1.5: dominant (GBP) GBP20,000/QALY QSE for semaglutide-I 0.5 mg vs. dulaglutide 1.5 mg, QSE for semaglutide-I 1 mg vs. dulaglutide 1.5 mg (Tables 2 and 4, ESM Fig. 2) Reduced incidence and delayed time to onset of DRC, higher cost due to increased survival offset by fewer DRCs DSA generally confirmed findings; PSA likewise Only including statistically significant differences between semaglutide-I 0.5 mg and dulaglutide 1.5 mg Treatment switch at 7.5% Dominant in all other scenarios
Bain 2020, [51] Semaglutide-O vs. empagliflozin, sitagliptin, liraglutide Direct (2019 drug; 2018 DRC) QALY, LY, incidence of DRC, onset of DRC Semaglutide-O 14 mg Vs. empagliflozin: 11,006/QALY vs. sitagliptin: 4930/QALY vs. liraglutide: dominant (GBP) GBP20,000–30,000/QALY QNE for semaglutide-O 14 mg vs. empagliflozin 25 mg, QNE for semaglutide-O 14 mg vs. sitaglipin100 mg, QSE for semaglutide-O 14 mg vs. liraglutide 1.8 mg (Table 3, Fig. 2) Benefit from reduced incidence of DRC and longer mean time to onset of any DRC with semaglutide-O in all comparisons. Increased cost of semaglutide-O from higher acquisition price and longer time to treatment intensification DSA confirmed findings. Dominance over liraglutide and CE against others unchanged; PSA confirmed base case Shorter time horizon (10 years) Treatment switch at 8.0% HbA1c 26-week treatment effects applied
Capel, 2020 [50] Exenatide QW vs. dulaglutide, liraglutide, lixisenatide Direct, 2018 QALY Exenatide QW 2 mg 1w Vs. dulaglutide: dominant, vs. liraglutide 1.2 mg: dominant, vs. liraglutide 1.8 mg: dominant, vs. lixisenatide: dominant (EUR) EUR20,000/QALY gained QSE for exenatide vs. dulaglutide, QSE for exenatide vs. liraglutide 1.2 mg, QSE for exenatide vs. liraglutide 1.8 mg, QSE for exenatide vs. lixisenatide, (Table 3, Fig. 1) None stated DSA completely confirmed findings in base case; PSA likewise Dominant conclusion not changed Dominant conclusion not changed Dominant conclusion not changed
Gorgojo-MartíNez, 2020 [49] Semaglutide-I vs. empagliflozin Direct, 2018 QALY, LY, incidence of DRC, onset of DRC Semaglutide-I

Semaglutide-I 1 mg vs. empagliflozin 10 mg: 161/QALY

Semaglutide-I 1 mg vs. empagliflozin 25 mg: 625/QALY (EUR)

EUR30,000/QALY QNE for semaglutide-I 0.5 mg vs. empagliflozin 10 mg, QNE for semaglutide-I 1 mg vs. empagliflozin 25 mg (Table 3) Lower rates and delayed onset of DRCs led to higher clinical benefit for semaglutide-I. Higher acquisition cost and longer survival led to higher cost for semaglutide-I. Greater Hba1c reduction biggest contributor to superiority over empagliflozin DSA generally confirmed findings, except some changes made semaglutide-I CE instead of dominant; PSA likewise Shorter time horizon (10 years) Lower 95% CI of HbA1c treatment difference 5% discount rates
Johansen, 2020 [48] Semaglutide-I vs. liraglutide Direct, 2018 QALY, LY, incidence of DRC, onset of DRC Semaglutide-I Semaglutide-I dominant (GBP) GBP20,000/QALY QSE (Table 2, Fig. 4) Longer time to onset of DRCs, time to intensification, higher survival, greater ‘avoidance’ of DRCs DSA completely confirmed findings, except under a statistically deterministic scenario, where it was still CE; PSA likewise Shorter time horizon (10 years) SGLT2 and SU discontinued at treatment intensification Only statistically significant differences
Martín, 2020 [47] Semaglutide-I vs. dulaglutide, sitagliptin Direct (2019 drug; 2018 DRC) QALY, LY, incidence of DRC, onset of DRC Semaglutide-I 0.5 mg semaglutide-I vs. dulaglutide: dominant, 1 mg semaglutide-I vs. dulaglutide: dominant, 0.5 mg semaglutide-I vs. sitagliptin: dominant, 1 mg semaglutide-I vs. sitagliptin: dominant (EUR) EUR30,000/QALY QSE for semaglutide-I 1 mg vs. dulaglutide, QSE for semaglutide-I 1 mg vs. sitagliptin, QSE for semaglutide-I 0.5 mg vs. dulaglutide, QSE for semaglutide-I 0.5 mg vs. sitagliptin (Table 2) Longer time to onset of DRC, time to intensification, higher survival, greater ‘avoidance’ of DRCs DSA completely confirmed findings; PSA likewise Dominant conclusion not changed Dominant conclusion not changed Dominant conclusion not changed
Capehorn, 2021 [57] Semaglutide-I vs. empagliflozin Direct, 2019 QALY, LY, incidence of DRC, onset of DRC Semaglutide-I 4439/QALY (GBP) GBP20,000/QALY QNE (Table 2, Fig. 4) Reduced incidence of DRCs, delayed onset of DRCs, delayed treatment intensification, driven by greater HbA1c reduction DSA confirmed findings; PSA likewise Fixed HbA1c over time and treatment intensification at 3 years Shorter time horizon (10 years) Different hypoglycaemia disutilities
Guzauskas, 2021 [64] Semaglutide-O vs. empagliflozin, liraglutide, sitagliptin, MET + SU Direct, 2020 QALY, LY, incidence of DRC Semaglutide-O, except vs. empagliflozin Vs. empagliflozin: 458.400/QALY vs. liraglutide: 40.100/QALY vs. sitagliptin: 145.200/QALY vs. background (MET+SU): 117.500/QALY (US$) US$100,000–250,000/QALY QNE for semaglutide-I vs. liraglutide, QNE for semaglutide-I vs. empagliflozin, QNE for semaglutide-I vs. sitagliptin, QNE for semaglutide-I vs. background medication (Table 2) Semaglutide-O had fewer MACE and cardiovascular deaths No mention of robustness to change; but costs/QALYs very sensitive to changes in treatment effect Change in MACE reduction of semaglutide-O Changes in Hba1c reduction of semaglutide-O Change in heart failure and nephropathy HR of semaglutide-O
Malkin, 2021 [53] Semaglutide-O vs. empagliflozin, sitagliptin, liraglutide Direct + indirect, 2019 QALY, LY, incidence of DRC, onset of DRC Semaglutide-O Semaglutide-O vs. empagliflozin: 13,770/QALY, w indirect = 7061/QALY Semaglutide-O vs. sitagliptin: 5938/QALY, w indirect = 516/QALY Semaglutide-O vs. liraglutide: dominate, w indirect cost = dominate (EUR) EUR20,000/QALY QNE for semaglutide-O vs. empagliflozin, QNE for semaglutide-O vs. sitagliptin, QSE for semaglutide-O vs. liraglutide. with indirect cost: QNE, QNE, and QSE, respectively (Table 3, Fig. 1) Greater Hba1c reductions were the key driver of clinical benefits in all comparisons. BMI made smaller contributions. Other RF made small or no contributions DSA generally confirmed findings; PSA showed 52.7, 70.8%, 68.3% chance of semaglutide-O being CE vs. empagliflozin, sitagliptin, liraglutide, respectively Treatment switch at 8.0% HbA1c Use of UKPDS 82 Shorter time horizon (30 years)
Risebrough, 2021 [70] Semaglutide-O vs. dulaglutide, liraglutide, semaglutide-I Direct, 2019 QALY, LY, incidence of DRC, event-free survival Semaglutide-O Vs. semaglutide-I: 163,737/QALY, vs. dulaglutide: dominate, vs. liraglutide: dominate (US$) US$20,000/QALY QNE for semaglutide-O vs. injectable semaglutide, QSE for semaglutide-O vs. dulaglutide, QSE for semaglutide-O vs. liraglutide (Table 5) Small differences in AE estimates, HbA1c benefits and event-free survival led to cost savings vs. dulaglutide and liraglutide DSA confirmed findings; PSA focuses on semaglutide-O vs. semaglutide-I and shows that with increasing WTP, semaglutide-I is more likely to be CE Daily cost of semaglutide-O Weight treatment effect of semaglutide-O Daily cost of semaglutide-O
Ehlers, 2022 [58] Semaglutide-O vs. empagliflozin Direct, 2020 QALY, LY, incidence of DRC Semaglutide-O not cost effective Semaglutide-O vs. empagliflozin: 1,930,548/QAL (DKK) DKK357,100/QALY (1 time GDP/capita) QNE (Fig. 1) The cost-effectiveness result was driven by a major difference in treatment costs, reflecting the large unit cost difference of Semaglutide-O vs. empagliflozin DSA confirmed findings; PSA likewise, semaglutide-O was CE in 16% of simulations at set WTP Discontinuation of semaglutide-O and empagliflozin, and switch to higher-dose, long-acting INS alogliptin in third-line Shorter time horizon (5 years) Using trial product estimand
Ehlers, 2022 [59] Semaglutide-I vs. empagliflozin Direct, 2020 QALY, LY Semaglutide-I not cost effective Semaglutide-I vs. empagliflozin: 745,561/QALY, (DKK and EUR) DKK357,100/QALY (1 time GDP/capita) QNE (Fig. 1) None stated DSA confirmed findings; PSA likewise Third-line treatment assumption (comparators replaced with INS) Third-line treatment assumption (comparators replaced with INS) + third-line occurring at 8% HbA1c instead of 7.5% Shorter time horizon (5 years)
Ekhlasi, 2022 [83] Dulaglutide vs. liraglutide Direct, 2018 QALY Dulaglutide Dominant (US$) US$3598.483/QALY (1 time GDP/capita in Iran 2018) QSE (Fig. 2) None stated DSA confirmed findings; PSA likewise Cost of liraglutide Cost of dulaglutide Hba1c reduction of liraglutide
Eliasson, 2022 [60] Semaglutide-O vs. empagliflozin, sitagliptin Direct + indirect, 2019 QALY, incidence of DRC Semaglutide-O Direct: vs. empagliflozin = 239,001/QALY, vs. sitagliptin = 120,848/QALY, indirect: vs. empagliflozin = 191,721/QALY, vs. sitagliptin 95,234/QALY (SEK) SEK500,000/QALY Direct costs: QNE for semaglutide-O vs. empagliflozin, QNE for semaglutide-O vs. sitagliptin, with indirect costs: QNE and QNE (Fig. 2, Table 1) Greater reductions in HbA1c led to fewer DRCs, longer time to INS initiation, fewer hypo events, and, lastly, better projected survival DSA confirmed findings; PSA likewise 3-year fixed duration until INS initiation No QOL impact of BMI change 0% discount rate
Franch-Nadal, 2022 [63] Semaglutide-O vs. empagliflozin, sitagliptin, liraglutide Direct, 2020 QALY, LY, incidence of DRC, onset of DRC Semaglutide-O Vs. empagliflozin: 1339/QALY, vs. sitagliptin: dominant, vs. liraglutide: dominant, 7 mg semaglutide-O vs. sitagliptin: 2011/QALY (EUR) EUR30,000/QALY QNE for semaglutide-O vs. empagliflozin, QSE for semaglutide-O vs. sitagliptin, QSE for semaglutide-O vs. liraglutide, QNE for 7 mg semaglutide-O vs. sitagliptin (Table 1) Extra clinical benefit from using semaglutide-O was due to reduced cumulative incidence and later onset of DRCs. Higher treatment cost of semaglutide-O was offset by the lower DRCs DSA confirmed findings; PSA likewise Shorter time horizon (10 years) UKPDS HbA1c progression with no changes in treatment intensification Lower 95% CI of HbA1c estimated treatment difference applied
Hu, 2022 [76] Semaglutide-I vs. dulaglutide Direct, 2021 QALY, LY, incidence of DRC Semaglutide-I 26,957.44/QALY(US$) US$12,551.5–37,654.50/QALY (1–3 times GDP/capita) QNE (Fig. 2) None stated DSA showed high sensitivity to time-related factors, reversing conclusions of base-case; PSA showed 30.2%, 48.2% and 2.8% chance of being CE at above 3 times GDP/capita, between 1 and 3 times GDP/capita, and below 1 times GDP/capita, respectively Discounting factor Shorter time horizon MI disutility score
Malkin, 2022 [61] Semaglutide-O vs. empagliflozin, dulaglutide Direct, 2021 QALY, LY, incidence of DRC, onset of DRC Semaglutide-O Vs. empagliflozin: 23,571/QALY, vs. dulaglutide: 23,927/QALY, (EUR) EUR30,000/QALY QNE for semaglutide-O vs. empagliflozin, QNE for semaglutide-O vs. dulaglutide (Fig. 2) Reduced incidence and time to onset of DRCs, the higher costs of semaglutide-O were offset by this. Higher HbA1c and weight reduction were the biggest drivers when comparing with empagliflozin and dulaglutide, respectively DSA confirmed findings; PSA likewise Shorter time horizon (10 years) Discount factor of 0% Only statistically significant differences from NMA
Ruan, 2022 [81] Semaglutide-I vs. dulaglutide Direct, 2021 QALY, LY, incidence of DRC, onset of DRC Semaglutide-I Semaglutide-I dominant (CNY) CNY80,976/QALY (1 times GDP/capita) QSE (Fig. 2) Semaglutide-I reduced and delayed the occurrence of DRCs, and reduced mortality. This offset the increase treatment cost DSA confirmed findings; PSA likewise Shorter time horizon (5 years) Shorter time horizon (10 years) HbA1c threshold at 7.0%
Stafford, 2022 [73] Semaglutide-I vs. canagliflozin Direct + indirect, 2019 QALY, LY, incidence of DRC Semaglutide-I Using the IHE-DCM model: 14,127/QALY; using the ECHO-T2DM model: 13,188/QALY (CAD) CAD50,000/QALY QNE and QNE using both models (Fig. 1) QALY gains for semaglutide-I were mainly driven by later use of INS caused by higher HbA1c reduction, and greater initial weight loss. Fewer DRCs offset some of the higher treatment costs of semaglutide-I DSA confirmed findings; PSA likewise 10% worse HbA1c effect for semaglutide-I HbA1c threshold set to 7.5% Discount rate at 3.5%
Viljoen, 2022 [62] Semaglutide-I vs. dulaglutide Direct, 2020 QALY, LY, incidence of DRC, onset of DRC Semaglutide-I Vs. dulaglutide 3 mg: dominant, vs. dulaglutide 4.5 mg: 228/QALY (GBP) GBP20,000/QALY QSE for semaglutide-I vs. dulaglutide 3 mg, QNE for semaglutide-I vs. Dulaglutide 4.5 mg (Fig. 3) Extra clinical benefit from using semaglutide-I was due to reduced cumulative incidence and later onset of DRCs. Higher treatment cost of semaglutide-I was offset by the lower DRCs DSA confirmed findings; PSA likewise HbA1c threshold set to 7.5% Lower 95% CI of HbA1c treatment difference Addition of basal INS, then basal bolus
Chien, 2020 [75] No main vs. classes: MET, SU, DPP4, SGLT2, GLP1, unspecified INS Direct, 2019 QALY, LY, incidence of DRC Arm7 (SGLT2)

Arm 6: –

Arm 7 dominates Arm 3 and Arm 8 is cost effective against Arm 1 and Arm 2

Arm 4 and Arm 5 extended dominated

Arm 1: MET+SU -> +DPP4

Arm 2: MET +SGLT2 -> +DPP4

Arm 3: MET+DPP4 -> +SU

Arm 4: MET+DPP4 -> +SGLT2

Arm 5: MET+GLP1 -> +SU

Arm 6: MET+SU -> +DPP4

Arm 7: MET+SU -> +SGLT2

Arm 8: MET+INS -> +SU (NT)

NT770,770/QALY (forecasted GDP/capita in Taiwan in 2019)

Arm 7 vs. Arm 3: QSE

Arm 7 vs. Arm 8: QSE

Arm 7 vs. Arm 1: QNE

Arm 7 vs. Arm 2: QNE

Arm 4 and Arm 5: extended dominated

(Table 3, text)

None stated DSA confirmed findings; PSA likewise Baseline HbA1c Baseline age Hba1c threshold
Hu, 2021 [76] No main vs. dapagliflozin + saxagliptin, dapagliflozin, saxagliptin Direct, 2019 QALY, LY Dapagliflozin Dapagliflozin + saxagliptin vs. saxagliptin: 217,530/QALY dapagliflozin vs. dapagliflozin + saxagliptin: dominate dapagliflozin vs. saxagliptin: 12,191/QALY (US$) US$10,425.29–31,275.88/QALY (1–3 times GDP/capita in 2019) QSE for dapagliflozin + MET vs. dapagliflozin + saxagliptin + MET, QNE for dapagliflozin + MET vs. saxagliptin + MET, QNE for dapagliflozin + saxagliptin + MET vs. saxagliptin (Table 4) None stated DSA confirmed findings; PSA likewise Discount rate Saxagliptin acquisition cost Dapagliflozin acquisition cost
Lin, 2021 [78] No main vs. linagliptin 5 mg, saxagliptin 5 mg, alogliptin 25 mg, sitagliptin 100 mg, and vildagliptin 50 g Direct, 2019 QALY, LY, incidence of DRC Alogliptin Alogliptin vs. linagliptin: extended dominate, vs. saxagliptin: dominate, vs. vildagliptin: dominate (US$) US$10,276/QALY (China capita per GDP in 2019) QSE for alogliptin vs. linagliptin, QSE for alogliptin vs. saxagliptin: QSE for alogliptin vs. vildagliptin Reduced cumulative incidence of DRCs DSA confirmed findings; PSA likewise Cost of alogliptin and sitagliptin Reduction of HbA1c for sitagliptin and alogliptin Discount rate
Zupa, 2021 [71] Empagliflozin vs. semaglutide-I Direct, 2020 QALY, LY Semaglutide-I 19,964/QALY (US$) US$50,000–100,000/QALY QNE (text) None stated DSA confirmed findings; PSA likewise Daily cost of semaglutide-I Heart failure risk of semaglutide-I Stroke risk of semaglutide-I
Chakravarty, 2018 [65] Dapagliflozin vs. liraglutide, SU, DPP4, pioglitazone Direct, 2016 QALY Dapagliflozin Vs. liraglutide: dominant, vs. DPP4: dominant, vs. TZD: 25.835/QALY, vs. SU: 19.005/QALY (US$) US$50,000/QALY QSE for dapagliflozin vs. GLP1, QNE for dapagliflozin vs. SU, QSE for dapagliflozin vs. DPP4, QNE for dapagliflozin vs. TZD (Fig. 4, Table 5) Change in body weight DSA generally confirmed findings; PSA likewise Change in weight impact of treatment Change in Hba1c Change in SBP
Neslusan, 2018 [66] Canagliflozin vs. dapagliflozin Direct, 2016 QALY, LY, incidence of DRC, onset of DRC Canagliflozin Dominant (US$) US$100,000/QALY QSE (Fig. 2) Cost offsets from higher acquisition cost, and QALY gains were driven by better HbA1c lowering, which also led to lower event rates from complications, longer time to INS, less INS use DSA completely confirmed findings; PSA likewise Shorter time horizon (5 years) Later treatment intensification Real-world patient characteristics
Hou, 2019 [74] Canagliflozin vs. dapagliflozin Direct 2017 QALY, LY, incidence of DRC Canagliflozin Canagliflozin100mg dominant (US$) US$9117/QALY (GDP/capita of China in 2017) QSE (Table 3) Driven by the reduced cumulative incidence of macrovascular and microvascular complications DSA big impact from cost of drugs, moderate/small impact of disutility/costs of complications; PSA confirmed base case Cost of canagliflozin and dapagliflozin Disutility Cost of complications
Ramos, 2019 [40] Empagliflozin vs. sitagliptin, saxagliptin Direct, 2018 QALY, LY, incidence of DRC Empagliflozin Vs. sitagliptin: 6464/QALY, vs. saxagliptin: 3878/QALY (GBP) GBP20,000/QALY QNE for empagliflozin vs. sitagliptin, QNE for empagliflozin vs. saxagliptin, (Table 5, Fig. 3) Higher initial cost of SGLT2 offset by higher QALYs and LYs. Higher cost amd more DRCs for empagliflozin because of increased survival. Lower renal complication costs DSA confirmed findings; PSA likewise Shorter time horizon (5 years) Hba1c threshold for treatment switch at 9% Cardiovascular outcomes up to 3 years
Ramos, 2020 [45] Empagliflozin vs. SoC and liraglutide Direct, 2018 QALY, LY, incidence of DRC Empagliflozin Empagliflozin + SoC dominant vs. liraglutide + SoC, 6428/QALY vs. SoC alone (GBP) GBP20,000–30,000/QALY QSE for empagliflozin vs. liraglutide, QNE for empagliflozin vs. SoC (Table 5, Fig. 3) Treatment costs, survival, lower CV mortality DSA confirmed findings; PSA likewise Shorter time horizon (5 years) Treatment switch threshold at 9% CVOT outcome benefits applied for full treatment duration
Ramos, 2020 [46] Empagliflozin vs. Semaglutide-O Direct, year unknown QALY, LY, heart failure Empagliflozin With hHF: empagliflozin dominant, without hHF: ICER = 186,690/QALY (GBP) GBP20,000–30,000/QALY QSE for empagliflozin (with hHF effect) vs. oral semaglutide, QSW for empagliflozin (without hHF effect) vs. oral semaglutide (Table 4, Fig. 1) Inclusion of hHF effect of empagliflozin. Lower cost of empagliflozin DSA confirmed findings; but some scenarios very sensitive; PSA likewise Excluding the treatment effect on hHF Treatment intensification at different HbA1c thresholds BMI polynomial utility approach
Reifsnider, 2020 [69] Empagliflozin vs. sitagliptin Direct, 2018 QALY, LY, CVD-free LY, incidence of DRC Empagliflozin Base case: 6967/QALY in CVD: 3589/QALY in non-CVD: 12,577/QALY (US$) US$50,000–150,000/QALY QNE for base case, QNE in CVD population, QNE in non-CVD population (Table 1, ESM Fig. SA3) Base case: least complications with empagliflozin in the CVD pop: longer CVD-free survival and less cardiovascular death, fewer rates of DRCs in general in the non-CVD pop: lower or similar rates of DRCs DSA confirmed findings, and showed empagliflozin to be either CE or dominant, depending on parameter. More likely to be dominant in the CVD pop.; PSA confirmed findings Rebate percentage applied to the wholesale acquisition cost Shorter time horizon (1 year) Adherence to empagliflozin (80%*) or commercial perspective
Van der Linden, 2020 [54] Dapagliflozin vs. DPP4 Direct + indirect, 2018 QALY, LY, incidence of DRC Dapagliflozin Vs. DPP4 class: dominant (EUR) EUR20,000/QALY QSE (Table 7, Fig. 2) Dapagliflozin reduced the incidence of micro- and macrovascular complications, in exchange for more urinary tract infections and gastrointestinal infections, which increased quality of life. Dapagliflozin was cost saving due to lower treatment costs and reduced DRCs DSA confirmed findings. No change from being dominant; PSA confirmed base case Dominant conclusion not changed Dominant conclusion not changed Dominant conclusion not changed
Ehlers, 2021 [56] Empagliflozin vs. liraglutide Direct, 2019 QALY, LY, incidence of DRC Empagliflozin Empagliflozin dominant (DKK) DKK357,100/QALY (1 times the GDP/capita) QSE (Fig. 2, Table 4) Longer survival of empagliflozin, higher total cost of liraglutide DSA confirmed findings. In scenario where liraglutide effects were extended to 13 years (Hba1c 8.5%), liraglutide would have extreme ICER (>3 mill/QALY); PSA likewise Dominant conclusion not changed Dominant conclusion not changed Dominant conclusion not changed
Gourzoulidis, 2021 [55] Empagliflozin vs. dapagliflozin Direct, 2020 QALY, LY, incidence of DRC Empagliflozin Vs. dapagliflozin: 965/QALY (EUR) EUR36,000/QALY QNE (Table 3, ESM Fig. 1) Empagliflozin had reduced many DRCs, with longer life as a result DSA confirmed findings, but empagliflozin showed dominance in 3-year model, not shown in tornado diagram; PSA confirmed findings Discount rate of costs HR: dapagliflozin vs. empagliflozin Discount rate health
Ramos, 2021 [77] Empagliflozin vs. liraglutide, sitagliptin Direct, 2019 QALY, LY, incidence of DRC Empagliflozin Vs. liraglutide: dominant vs. sitagliptin: 75,349/QALY (RMB) RMB212,676/QALY (3 times GDP/capita) QSE for empagliflozin vs. liraglutide, QNE for empagliflozin vs. sitagliptin, (Table 4, Fig. 3) Longer survival of empagliflozin, lower cost from less HF and renal complications, despite higher costs from longer survival DSA confirmed findings, except when changing treatment switch for liraglutide to 13 years, at HbA1c 8.5%, which puts empagliflozin in QSW; PSA confirmed base case Effects of liraglutide extended to 13 years /HbA1c threshold of 8.5% Shorter time horizon (5 years) CV outcomes only used for 3 years
Reifsnider, 2021 [67] Empagliflozin vs. dapagliflozin, canagliflozin Direct, 2020 QALY, LY, incidence of DRC Empagliflozin Empagliflozin vs. canagliflozin: dominate empagliflozin vs. dapagliflozin: 3054/QALY Empagliflozin vs. SoC: 32,848/QALY (US$) US$50,000–150,000/QALY QSE for empagliflozin vs. canagliflozin, QNE for empagliflozin vs. dapagliflozin, (Table 1, ESM Fig. OS1) Longer overall survival and reduced rates of clinical events DSA generally confirmed findings. Using treatment effects that favoured the comparators, made comparators dominant; PSA confirmed base case Reducing HR for comparator vs. empagliflozin Shorter time horizon (1, 3, 5, and 10 years) Commercial perspective
Lasalvia, 2022 [82] Dapagliflozin vs. DPP4 Direct, 2020 QALY, LY, incidence of DRC Dapagliflozin 1964.80/QALY (US$) US$5710–17,129.9/QALY (1–3 times GDP/capita) QNE (Table 4) None stated DSA confirmed findings; PSA likewise Change of time horizon Hba1c threshold for treatment switch at 9% Weight reduction effect maintenance
Peng, 2022 [80] SGLT2 vs. DPP4 Direct, 2020 QALY, incidence of DRC SGLT2 With CVD history: 3244.07/QALY; without CVD history: 4185.64/QALY (US$) US$30,038–90,114/QALY (1–3 times GDP/capita) QNE and QNE for comparisons with and without CVD history (Table 1) None stated DSA confirmed findings; PSA likewise Cost of DPP4 HR of SGLT2 vs. DPP4 on all-cause death HR of SGLT2 vs. DPP4 on stroke
Reifsnider, 2022 [72] Empagliflozin vs. liraglutide Direct, 2019 QALY, LY, incidence of DRC Empagliflozin Empagliflozin dominant (US$) None stated QSE (Table 1) Fewer DRCs over time and longer survival due to empagliflozin's effect on patients with CVD DSA completely confirmed findings; PSA likewise Disutility of injectable treatment Drug acquisition cost Treatment effect for patients with CVD (HR of empagliflozin vs. liraglutide)

Comparisons list the main comparators and then the alternatives separated by a comma, while ‘and’ is written to show that several different comparisons were made. When one medication is combined with another in the comparison, it is explicitly stated or symbolised with a ‘+’ symbol

1w once per week, AE adverse event, BMI body mass index, CAD Canadian dollars, CE cost-effective, CHF chronic heart failure, CI confidence interval, CNY Chinese Yuan, CV cardiovascular, CVD cardiovascular disease, CVOT Cardiovascular Outcome Trial, DKK Danish kroner, DPP4 dipeptidylpeptidase-4 inhibitors, DRCs diabetes-related complications, DSA deterministic sensitivity analysis, ECHO-T2DM Health Outcomes Model of Type 2 Diabetes Mellitus, ESM electronic supplementary, material, EUR Euro, GBP British pound sterling, GDP gross domestic product, GLP1 glucagon-like peptide-1 recepter agonist, HR hazard ratio, hHF hospitalisation for heart failure, ICER incremental cost-effectiveness ratio, IDegLira combination of liraglutide and INS degludec, IHD ischaemic heart disease, IHE-DCM Institute for Health Economics Cohort Model for T2DM, INS insulin, LY life years, MACE major adverse cardiac events, MET metformin, MDI multiple daily injections, MI myocardial infarction, NMA network meta-analysis, NT Taiwan new dollar, pop population, PSA probabilistic sensitivity analysis, QALY quality-adjusted life-years, QOL quality of life, QSE south-east quadrant, QNE north-east quadrant, QSW south-west quadrant, QW every week, RMB Renminbi, SBP systolic blood pressure, SEK Swedish kroner, SoC standard of care, US$ United States dollar, SGLT2 sodium-glucose cotransporter-2 inhibitors, semaglutide-I/O semaglutide injectable/oral, SU sulfonylurea, TZD thiazolidinedione, UKPDS UK Prospective Diabetes Study, WTP willingness to pay