June 7, 2024

Pharmacy Benefit Management Market Might Exceed 757.05 billion By 2030

Precedence Research a new report on pharmacy benefit management market size, share, growth, industry trends, and forecast 2030, covering various industry elements and growth trends helpful for predicting the market’s future. The global pharmacy benefit management market size was valued at US$ 467.58 billion in 2021. The global pharmacy benefit management market is projected to reach US$ 757.05 billion by 2030, registering a compound annual growth rate (CAGR) of 5.5% during the forecast period from 2022 to 2030.

Pharmacy Benefit Management

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The global pharmacy benefit management market report offers various segments analysis by size, trends, growth factors, opportunities and key country outlook to 2030. The report offers a detailed analysis and information as per pharmacy benefit management, market segments helping our readers to get a comprehensive overview of the global market. Several players are planning to focus on developing cost-effective products or services, aiming to maintain a strong foothold in the market.

Pharmacy Benefit Management Market Report Scope 
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

The company profiling of leading market players is included this report with Porter’s five forces analysis and Value Chain analysis. Further, the strategies exercised by the companies for expansion of business through mergers, acquisitions, and other business development measures are discussed in the report. The financial parameters which are assessed include the sales, profits and the overall revenue generated by the key players of Market.

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Some of the prominent players in the pharmacy benefit management market include:
  • CVS Health
  • SS&C Technologies, Inc.
  • Anthem Inc.
  • Medimpact
  • Express Scripts Holding Company
  • Benecard Services, LLC
  • CaptureRx Inc.
  • Change Healthcare
  • OptumRx, Inc.
  • Cigna
Pharmacy Benefit Management 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

Regional Segmentation

  • Asia-Pacific [China, Southeast Asia, India, Japan, Korea, Western Asia]
  • Europe [Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland]
  • North America [United States, Canada, Mexico]
  • South America [Brazil, Argentina, Columbia, Chile, Peru]
  • Middle East & Africa [GCC, North Africa, South Africa]

Key Questions are

  • What are the key factors influencing the pharmacy benefit management market in each region?
  • How much value will the global market generate by the end of the forecast period?
  • What will be the CAGR of the global market between 2022 and 2030?
  • What would be the Y-o-Y growth trend of the global market between 2022 and 2030?
  • What is the future scope and current trends in technologies of the global market?
  • What is the revenue of the global market based on segments?
  • Which key strategies are used by top players of the global market?
  • Which are the leading companies in the global market?
  • What are the essential strategies by key stakeholders in the market to expand their geographic presence?
  • What are the major advancements witnessed in the global market?

Research Objectives and Research Approach

The comprehensive report on the global pharmacy benefit management market begins with an overview, followed by the scope and objectives of the study. The report provides detailed explanation of the objectives behind this study and key vendors and distributors operating in the market and regulatory scenario for approval of products. Following this, the report provides detailed explanation of objectives of this study and laid down by accredited agencies in the purview of research in the global pharmacy benefit management market.

It is followed by market introduction, market dynamics, and an overview of the global market, which includes analysis of market drivers, restraints, and trends pertaining to the global market. Furthermore, Y-o-Y growth analysis with elaborated insights has been provided in order to understand the Y-o-Y growth trend of the global market.

For reading comprehensibility, the report has been compiled in a chapter-wise layout, with each section divided into smaller sections. The report comprises an exhaustive collection of graphs and tables that are appropriately interspersed. Pictorial representation of actual and projected values of key segments is visually appealing to readers. This also allows comparison of the market shares of key segments in the past and at the end of the forecast period.

The report analyzes the global pharmacy benefit management market in terms of type, application, region and others. Key segments under each criteria are studied at length, and the market share for each of these at the end of 2030 has also been provided. Such valuable insights enable market stakeholders in making informed business decisions for investment in the global market.

Why should you invest in this report?

If you are aiming to enter the global pharmacy benefit management market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for pharmacy benefit management are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2022-2030 so that you can plan your strategies to enter this market accordingly.

Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.

Table of Contents

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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