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Pharmacy Benefit Management Market Size At Around US$ 757.05 Bn In 2030

The pharmacy benefit management market would grow at a CAGR of 5.5% over the predicted time frame. The market is expected to increase in value from US$ 493.3 Bn in 2022 to US$ 757.05 Bn in 2030.

Pharmacy Benefit Management Market Size 2021 to 2030

The on pharmacy benefit management Market, which provides a business strategy, research & development activities, concise outline of the market valuation, valuable insights pertaining to market share, size, supply chain analysis, competitive landscape and regional proliferation of this industry.

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Report Scope of the Pharmacy Benefit Management Market

Report CoverageDetails
Market Size by 2030USD 757.05 Billion
Growth Rate from 2022 to 2030

CAGR of 5.5%

Largest MarketAsia Pacific
Fastest Growing RegionNorth America
Base Year2021
Forecast Period2022 to 2030
Segments CoveredService, Service Provider, Business Model, Region

A recent report provides crucial insights along with application based and forecast information in the Global Pharmacy benefit management Market. The report provides a comprehensive analysis of key factors that are expected to drive the growth of this market. This study also provides a detailed overview of the opportunities along with the current trends observed in the Pharmacy benefit management market.

A quantitative analysis of the industry is compiled for a period of 10 years in order to assist players to grow in the market. Insights on specific revenue figures generated are also given in the report, along with projected revenue at the end of the forecast period.

Companies and Manufacturers Covered

The study covers key players operating in the market along with prime schemes and strategies implemented by each player to hold high positions in the industry. Such a tough vendor landscape provides a competitive outlook of the industry, consequently existing as a key insight. These insights were thoroughly analysed and prime business strategies and products that offer high revenue generation capacities were identified. Key players of the global Pharmacy benefit management market are included as given below:

Pharmacy benefit management Market 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 Segments

 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

Report Objectives

  • To define, describe, and forecast the global pharmacy benefit management market based on product, and region
  • To provide detailed information regarding the major factors influencing the growth of the market (drivers, opportunities, and industry-specific challenges)
  • To strategically analyze micromarkets1 with respect to individual growth trends, future prospects, and contributions to the total market
  • To analyze opportunities in the market for stakeholders and provide details of the competitive landscape for market leaders
  • To forecast the size of market segments with respect to four main regions—North America, Europe, Asia Pacific and the Rest of the World (RoW)2
  • To strategically profile key players and comprehensively analyze their product portfolios, market shares, and core competencies3
  • To track and analyze competitive developments such as acquisitions, expansions, new product launches, and partnerships in the 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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