Objectives Benefit and cost effectiveness of breast cancer screening are still matters of controversy. Risk-adapted strategies are proposed to improve its benefit-harm and cost-benefit relations. Our objective was to perform a systematic review on economic breast cancer models evaluating primary and secondary prevention strategies in the European health care setting, with specific focus on model results, model characteristics, and risk-adapted strategies. Methods Literature databases were systematically searched for economic breast cancer models evaluating the cost effectiveness of breast cancer screening and prevention strategies in the European health care context. Characteristics, methodological details and results of the identified studies are reported in evidence tables. Economic model outputs are standardized to achieve comparable costeffectiveness ratios. Results Thirty-two economic evaluations of breast cancer screening and seven evaluations of primary breast cancer prevention were included. Five screening studies and none of the prevention studies considered risk-adapted strategies. Studies differed in methodologic features. Only about half of the screening studies modeled overdiagnosis-related harms, most often indirectly and without reporting their magnitude. All models predict gains in life expectancy and/or quality-adjusted life expectancy at acceptable costs. However, risk-adapted screening was shown to be more effective and efficient than conventional screening. Conclusions Economic models suggest that breast cancer screening and prevention are cost effective in the European setting. All screening models predict gains in life expectancy, which has not yet been confirmed by trials. European modelsrisk-adapted screening strategies are rare, but suggest that risk-adapted screening is more effective and efficient than conventional screening. Keywords breast cancer screening; breast cancer prevention; cost effectiveness; decision analysis; risk stratification; overdiagnosisDutch MISCAN model. State-transition models were used by six studies [63,46,57,39,65,61] and mathematical models (e.g., equation-or regression-based models) were used in five studies [35,51,62,58,55]. The remaining studies used other types of models, including two decision trees [53,54], two life-table models [40,41],and two mixed models combining different model types [45,38].Thirteen models can be classified as population models considering the actual age 9 structure of the local target population. All but five models considered a lifetime-time horizon, appropriate to account for the long-term consequences of screening. More than half of the screening studies (18/32) and two thirds (14/21) of the screening studies, including strategies comparable to currently established breast cancer screening programs, performed a cost-utility analysis, which is the type of analysis required to account for all kinds of non-fatal health consequences, including most harms caused by overdiagnosis-and overtreatment. Sixteen studies, including 12 with...