According to the research report, the global pharmacy benefit management market size is expected to touch USD 8 Billion by 2032, from USD 2 Billion in 2022, growing with a significant CAGR of 2% from 2022 to 2032.
The pharmacy benefit management report offers a comprehensive study of the current state expected at the major drivers, market strategies, and key vendors’ growth. The report presents energetic visions to conclude and study the market size, market hopes, and competitive surroundings. The research also focuses on the important achievements of the market, research & development, and regional growth of the leading competitors operating in the market. The current trends of the global pharmacy benefit management in conjunction with the geographical landscape of this vertical have also been included in this report.
The report offers intricate dynamics about different aspects of the global pharmacy benefit management market, which aids companies operating in the market in making strategic development decisions. The study also elaborates on significant changes that are highly anticipated to configure growth of the global pharmacy benefit management during the forecast period. It also includes a key indicator assessment that highlights growth prospects of this market and estimates statistics related to growth of the market in terms of value (US$ Mn) and volume (tons).
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Report Scope of the Pharmacy Benefit Management Market
| Report Coverage | Details |
| Market Size by 2030 | USD 757.05 Billion |
| Growth Rate from 2022 to 2030 | CAGR of 5.5% |
| Largest Market | Asia Pacific |
| Fastest Growing Region | North America |
| Base Year | 2021 |
| Forecast Period | 2022 to 2030 |
| Segments Covered | Service, Service Provider, Business Model, Region |
This study covers a detailed segmentation of the global pharmacy benefit management market, along with key information and a competition outlook. The report mentions company profiles of players that are currently dominating the global pharmacy benefit management market, wherein various developments, expansions, and winning strategies practiced and implemented by leading players have been presented in detail.
Key Players
- CVS Health
- SS&C Technologies, Inc.
- Anthem Inc.
- Medimpact
- Express Scripts Holding Company
- Benecard Services, LLC
- CaptureRx Inc.
- Change Healthcare
- OptumRx, Inc.
- Cigna
Market Segmentation
By Service
- Specialty Pharmacy Services
- Benefit Plan Design & Administration
- Formulary Management
- Pharmacy Claims Processing
- Others
By Service Provider
- Retail Pharmacies
- Insurance Companies
- Standalone Pharmacy Benefit Management Providers
By Business Model
- Government Health Programs
- Employer-sponsored Programs
- Health Insurance Management
By Geography
- North America
- U.S.
- Canada
- Europe
- U.K.
- Germany
- France
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Malaysia
- Philippines
- Latin America
- Brazil
- Rest of Latin America
- Middle East & Africa (MEA)
- GCC
- North Africa
- South Africa
- Rest of the Middle East & Africa
Research Methodology
The research methodology adopted by analysts for compiling the global pharmacy benefit management report is based on detailed primary as well as secondary research. With the help of in-depth insights of the market-affiliated information that is obtained and legitimated by market-admissible resources, analysts have offered riveting observations and authentic forecasts for the global market.
During the primary research phase, analysts interviewed market stakeholders, investors, brand managers, vice presidents, and sales and marketing managers. Based on data obtained through interviews of genuine resources, analysts have emphasized the changing scenario of the global market.
For secondary research, analysts scrutinized numerous annual report publications, white papers, market association publications, and company websites to obtain the necessary understanding of the global pharmacy benefit management market.
TABLE OF CONTENT
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Pharmacy Benefit Management Market
5.1. COVID-19 Landscape: Pharmacy Benefit Management Industry Impact
5.2. COVID 19 - Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Pharmacy Benefit Management Market, By Service
8.1. Pharmacy Benefit Management Market, by Service, 2022-2030
8.1.1 Specialty Pharmacy Services
8.1.1.1. Market Revenue and Forecast (2017-2030)
8.1.2. Benefit Plan Design & Administration
8.1.2.1. Market Revenue and Forecast (2017-2030)
8.1.3. Formulary Management
8.1.3.1. Market Revenue and Forecast (2017-2030)
8.1.4. Pharmacy Claims Processing
8.1.4.1. Market Revenue and Forecast (2017-2030)
8.1.5. Others
8.1.5.1. Market Revenue and Forecast (2017-2030)
Chapter 9. Global Pharmacy Benefit Management Market, By Service Provider
9.1. Pharmacy Benefit Management Market, by Service Provider, 2022-2030
9.1.1. Retail Pharmacies
9.1.1.1. Market Revenue and Forecast (2017-2030)
9.1.2. Insurance Companies
9.1.2.1. Market Revenue and Forecast (2017-2030)
9.1.3. Standalone Pharmacy Benefit Management Providers
9.1.3.1. Market Revenue and Forecast (2017-2030)
Chapter 10. Global Pharmacy Benefit Management Market, By Business Model
10.1. Pharmacy Benefit Management Market, by Business Model, 2022-2030
10.1.1. Government Health Programs
10.1.1.1. Market Revenue and Forecast (2017-2030)
10.1.2. Employer-sponsored Programs
10.1.2.1. Market Revenue and Forecast (2017-2030)
10.1.3. Health Insurance Management
10.1.3.1. Market Revenue and Forecast (2017-2030)
Chapter 11. Global Pharmacy Benefit Management Market, Regional Estimates and Trend Forecast
11.1. North America
11.1.1. Market Revenue and Forecast, by Service (2017-2030)
11.1.2. Market Revenue and Forecast, by Service Provider (2017-2030)
11.1.3. Market Revenue and Forecast, by Business Model (2017-2030)
11.1.4. U.S.
11.1.4.1. Market Revenue and Forecast, by Service (2017-2030)
11.1.4.2. Market Revenue and Forecast, by Service Provider (2017-2030)
11.1.4.3. Market Revenue and Forecast, by Business Model (2017-2030)
11.1.5. Rest of North America
11.1.5.1. Market Revenue and Forecast, by Service (2017-2030)
11.1.5.2. Market Revenue and Forecast, by Service Provider (2017-2030)
11.1.5.3. Market Revenue and Forecast, by Business Model (2017-2030)
11.2. Europe
11.2.1. Market Revenue and Forecast, by Service (2017-2030)
11.2.2. Market Revenue and Forecast, by Service Provider (2017-2030)
11.2.3. Market Revenue and Forecast, by Business Model (2017-2030)
11.2.4. UK
11.2.4.1. Market Revenue and Forecast, by Service (2017-2030)
11.2.4.2. Market Revenue and Forecast, by Service Provider (2017-2030)
11.2.4.3. Market Revenue and Forecast, by Business Model (2017-2030)
11.2.5. Germany
11.2.5.1. Market Revenue and Forecast, by Service (2017-2030)
11.2.5.2. Market Revenue and Forecast, by Service Provider (2017-2030)
11.2.5.3. Market Revenue and Forecast, by Business Model (2017-2030)
11.2.6. France
11.2.6.1. Market Revenue and Forecast, by Service (2017-2030)
11.2.6.2. Market Revenue and Forecast, by Service Provider (2017-2030)
11.2.6.3. Market Revenue and Forecast, by Business Model (2017-2030)
11.2.7. Rest of Europe
11.2.7.1. Market Revenue and Forecast, by Service (2017-2030)
11.2.7.2. Market Revenue and Forecast, by Service Provider (2017-2030)
11.2.7.3. Market Revenue and Forecast, by Business Model (2017-2030)
11.3. APAC
11.3.1. Market Revenue and Forecast, by Service (2017-2030)
11.3.2. Market Revenue and Forecast, by Service Provider (2017-2030)
11.3.3. Market Revenue and Forecast, by Business Model (2017-2030)
11.3.4. India
11.3.4.1. Market Revenue and Forecast, by Service (2017-2030)
11.3.4.2. Market Revenue and Forecast, by Service Provider (2017-2030)
11.3.4.3. Market Revenue and Forecast, by Business Model (2017-2030)
11.3.5. China
11.3.5.1. Market Revenue and Forecast, by Service (2017-2030)
11.3.5.2. Market Revenue and Forecast, by Service Provider (2017-2030)
11.3.5.3. Market Revenue and Forecast, by Business Model (2017-2030)
11.3.6. Japan
11.3.6.1. Market Revenue and Forecast, by Service (2017-2030)
11.3.6.2. Market Revenue and Forecast, by Service Provider (2017-2030)
11.3.6.3. Market Revenue and Forecast, by Business Model (2017-2030)
11.3.7. Rest of APAC
11.3.7.1. Market Revenue and Forecast, by Service (2017-2030)
11.3.7.2. Market Revenue and Forecast, by Service Provider (2017-2030)
11.3.7.3. Market Revenue and Forecast, by Business Model (2017-2030)
11.4. MEA
11.4.1. Market Revenue and Forecast, by Service (2017-2030)
11.4.2. Market Revenue and Forecast, by Service Provider (2017-2030)
11.4.3. Market Revenue and Forecast, by Business Model (2017-2030)
11.4.4. GCC
11.4.4.1. Market Revenue and Forecast, by Service (2017-2030)
11.4.4.2. Market Revenue and Forecast, by Service Provider (2017-2030)
11.4.4.3. Market Revenue and Forecast, by Business Model (2017-2030)
11.4.5. North Africa
11.4.5.1. Market Revenue and Forecast, by Service (2017-2030)
11.4.5.2. Market Revenue and Forecast, by Service Provider (2017-2030)
11.4.5.3. Market Revenue and Forecast, by Business Model (2017-2030)
11.4.6. South Africa
11.4.6.1. Market Revenue and Forecast, by Service (2017-2030)
11.4.6.2. Market Revenue and Forecast, by Service Provider (2017-2030)
11.4.6.3. Market Revenue and Forecast, by Business Model (2017-2030)
11.4.7. Rest of MEA
11.4.7.1. Market Revenue and Forecast, by Service (2017-2030)
11.4.7.2. Market Revenue and Forecast, by Service Provider (2017-2030)
11.4.7.3. Market Revenue and Forecast, by Business Model (2017-2030)
11.5. Latin America
11.5.1. Market Revenue and Forecast, by Service (2017-2030)
11.5.2. Market Revenue and Forecast, by Service Provider (2017-2030)
11.5.3. Market Revenue and Forecast, by Business Model (2017-2030)
11.5.4. Brazil
11.5.4.1. Market Revenue and Forecast, by Service (2017-2030)
11.5.4.2. Market Revenue and Forecast, by Service Provider (2017-2030)
11.5.4.3. Market Revenue and Forecast, by Business Model (2017-2030)
11.5.5. Rest of LATAM
11.5.5.1. Market Revenue and Forecast, by Service (2017-2030)
11.5.5.2. Market Revenue and Forecast, by Service Provider (2017-2030)
11.5.5.3. Market Revenue and Forecast, by Business Model (2017-2030)
Chapter 12. Company Profiles
12.1. CVS Health
12.1.1. Company Overview
12.1.2. Product Offerings
12.1.3. Financial Performance
12.1.4. Recent Initiatives
12.2. SS&C Technologies, Inc.
12.2.1. Company Overview
12.2.2. Product Offerings
12.2.3. Financial Performance
12.2.4. Recent Initiatives
12.3. Anthem Inc.
12.3.1. Company Overview
12.3.2. Product Offerings
12.3.3. Financial Performance
12.3.4. Recent Initiatives
12.4. Medimpact
12.4.1. Company Overview
12.4.2. Product Offerings
12.4.3. Financial Performance
12.4.4. Recent Initiatives
12.5. Express Scripts Holding Company
12.5.1. Company Overview
12.5.2. Product Offerings
12.5.3. Financial Performance
12.5.4. Recent Initiatives
12.6. Benecard Services, LLC
12.6.1. Company Overview
12.6.2. Product Offerings
12.6.3. Financial Performance
12.6.4. Recent Initiatives
12.7. CaptureRx Inc.
12.7.1. Company Overview
12.7.2. Product Offerings
12.7.3. Financial Performance
12.7.4. Recent Initiatives
12.8. Change Healthcare
12.8.1. Company Overview
12.8.2. Product Offerings
12.8.3. Financial Performance
12.8.4. Recent Initiatives
12.9. OptumRx, Inc.
12.9.1. Company Overview
12.9.2. Product Offerings
12.9.3. Financial Performance
12.9.4. Recent Initiatives
12.10. Cigna
12.10.1. Company Overview
12.10.2. Product Offerings
12.10.3. Financial Performance
12.10.4. Recent Initiatives
Chapter 13. Research Methodology
13.1. Primary Research
13.2. Secondary Research
13.3. Assumptions
Chapter 14. Appendix
14.1. About Us
14.2. Glossary of Terms
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