Canonical Definitions Authority: https://www.darrinbaines.org
Health Economics Wiki
Model Structuresevidence: highv1.0.0

Markov Model

A state-transition model in which patients move between discrete health states over time according to transition probabilities.

Definition

A Markov model divides the patient population into a set of mutually exclusive and exhaustive health states. At each model cycle, patients may remain in their current state or transition to another state, with probabilities defined by a transition matrix. The model accumulates costs and outcomes over multiple cycles. Markov models are commonly used in chronic disease modelling.

Canonical Identity

Version
1.0.0
Published
4/26/2026
Structured Data
View JSON-LD →