The global Pharmacy Benefit Management (PBM) market size is expected to expand at a CAGR of 6.01% during the forecast period, reaching USD 705628.69 million by 2027 was valued at USD 497067.42 million in 2021. [Latest 123 Report Sheet] Pharmacy Benefit Management (PBM) Market 2023 by Technology, Manufacturers, Regions, Type, and Application, Forecast guide to light the excellent analysis on the market synopsis. The report offers a primary focus on important factors in the global Pharmacy Benefit Management (PBM) industry. The report includes perceptive information about gross revenue, cost, value, capacity, pricing, and profit margins concerning historical analysis and forecast estimation for the 2023 to 2027 time period. It presents a close overview of the market’s restraints, challenges, opportunities, major drivers and current market trends, the supply chain and share market, and strategies impacting the global market along with estimates and forecasts of revenue and share analysis.
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Pharmacy Benefit Management (PBM) Market Synopsis:
The global Pharmacy Benefit Management (PBM) market size was valued at USD 497067.42 million in 2021 and is expected to expand at a CAGR of 6.01% during the forecast period, reaching USD 705628.69 million by 2027.
A pharmacy benefit manager (PBM) is a third-party administrator of prescription-drug programs for end payers, such as private insurers, and Benefit Plan Design and Consultation. With preferred formularies and exclusion lists, PBMs dictate which drugs consumers can receive from their plan without incurring additional out-of-pocket costs. They also leverage access to their formularies, and threats of exclusion, to negotiate rebates and discounts from the world’s drug makers.
This study also covers company profiling, specifications and product picture, sales, market share and contact information of various regional, international and local vendors of Pharmacy Benefit Management (PBM) Market. The market proposition is frequently developing ahead with the rise in scientific innovation and M&A activities in the industry. Additionally, many local and regional vendors are offering specific application products for varied end-users. The new merchant applicants in the market are finding it hard to compete with the international vendors based on reliability, quality and modernism in technology.
Market split by Type, can be divided into: –
- Retail Pharmacy Services
- Specialty Pharmacy Services
- Benefit Plan Design and Consultation
- Drug Formulary Management
- Others
Market split by Application, can be divided into: –
- Mail-order Pharmacy Services
- Non-mail Pharmacy Services
Major Key Players of the Market:
- CVS Health Corporation
- Magellan Health Inc.
- Aetna Inc.
- Express Scripts Holding Company
- Prime Therapeutics
- MedImpact Holdings Inc.
- Cigna
- UnitedHealth Group, Inc
- Humana Pharmacy Solutions
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Market segment by Region/Country including: –
-North America (United States, Canada and Mexico)
-Europe (Germany, UK, France, Italy, Russia and Spain etc.)
-Asia-Pacific (China, Japan, Korea, India, Australia and Southeast Asia etc.)
-South America (Brazil, Argentina and Colombia etc.)
-Middle East & Africa (South Africa, UAE and Saudi Arabia etc.)
FIVE FORCES & PESTLE ANALYSIS:
In order to better understand Market condition five forces analysis is conducted that includes Bargaining power of buyers, Bargaining power of suppliers, Threat of new entrants, Threat of substitutes, Threat of rivalry.
–Political (Political policy and stability as well as trade, fiscal and taxation policies)
–Economical (Interest rates, employment or unemployment rates, raw material costs and foreign exchange rates)
–Social (Changing family demographics, education levels, cultural trends, attitude changes and changes in lifestyles)
–Technological (Changes in digital or mobile technology, automation, research and development)
–Legal (Employment legislation, consumer law, health and safety, international as well as trade regulation and restrictions)
–Environmental (Climate, recycling procedures, carbon footprint, waste disposal and sustainability)
Key takeaways from the Pharmacy Benefit Management (PBM) market report:
– Detailed considerate of Pharmacy Benefit Management (PBM) market-particular drivers, Trends, constraints, Restraints, Opportunities and major micro markets.
– Comprehensive valuation of all prospects and threat in the – In depth study of industry strategies for growth of the Pharmacy Benefit Management (PBM) market-leading players.
– Pharmacy Benefit Management (PBM) market latest innovations and major procedures.
– Favorable dip inside Vigorous high-tech and market latest trends remarkable the Market.
– Conclusive study about the growth conspiracy of Pharmacy Benefit Management (PBM) market for forthcoming years.
Table of Contents:
1 Pharmacy Benefit Management (PBM) Market Overview
1.1 Product Overview and Scope of Pharmacy Benefit Management (PBM) Market
1.2 Pharmacy Benefit Management (PBM) Market Segment by Type
1.2.1 Global Pharmacy Benefit Management (PBM) Market Sales Volume and CAGR (%) Comparison by Type (2017-2027)
1.3 Global Pharmacy Benefit Management (PBM) Market Segment by Application
1.3.1 Pharmacy Benefit Management (PBM) Market Consumption (Sales Volume) Comparison by Application (2017-2027)
1.4 Global Pharmacy Benefit Management (PBM) Market, Region Wise (2017-2027)
1.4.1 Global Pharmacy Benefit Management (PBM) Market Size (Revenue) and CAGR (%) Comparison by Region (2017-2027)
1.4.2 United States Pharmacy Benefit Management (PBM) Market Status and Prospect (2017-2027)
1.4.3 Europe Pharmacy Benefit Management (PBM) Market Status and Prospect (2017-2027)
1.4.4 China Pharmacy Benefit Management (PBM) Market Status and Prospect (2017-2027)
1.4.5 Japan Pharmacy Benefit Management (PBM) Market Status and Prospect (2017-2027)
1.4.6 India Pharmacy Benefit Management (PBM) Market Status and Prospect (2017-2027)
1.4.7 Southeast Asia Pharmacy Benefit Management (PBM) Market Status and Prospect (2017-2027)
1.4.8 Latin America Pharmacy Benefit Management (PBM) Market Status and Prospect (2017-2027)
1.4.9 Middle East and Africa Pharmacy Benefit Management (PBM) Market Status and Prospect (2017-2027)
1.5 Global Market Size of Pharmacy Benefit Management (PBM) (2017-2027)
1.5.1 Global Pharmacy Benefit Management (PBM) Market Revenue Status and Outlook (2017-2027)
1.5.2 Global Pharmacy Benefit Management (PBM) Market Sales Volume Status and Outlook (2017-2027)
1.6 Global Macroeconomic Analysis
1.7 The impact of the Russia-Ukraine war on the Pharmacy Benefit Management (PBM) Market
2 Industry Outlook
2.1 Pharmacy Benefit Management (PBM) Industry Technology Status and Trends
2.2 Industry Entry Barriers
2.2.1 Analysis of Financial Barriers
2.2.2 Analysis of Technical Barriers
2.2.3 Analysis of Talent Barriers
2.2.4 Analysis of Brand Barrier
2.3 Pharmacy Benefit Management (PBM) Market Drivers Analysis
2.4 Pharmacy Benefit Management (PBM) Market Challenges Analysis
2.5 Emerging Market Trends
2.6 Consumer Preference Analysis
2.7 Pharmacy Benefit Management (PBM) Industry Development Trends under COVID-19 Outbreak
2.7.1 Global COVID-19 Status Overview
2.7.2 Influence of COVID-19 Outbreak on Pharmacy Benefit Management (PBM) Industry Development
3 Global Pharmacy Benefit Management (PBM) Market Landscape by Player
3.1 Global Pharmacy Benefit Management (PBM) Sales Volume and Share by Player (2017-2022)
3.2 Global Pharmacy Benefit Management (PBM) Revenue and Market Share by Player (2017-2022)
3.3 Global Pharmacy Benefit Management (PBM) Average Price by Player (2017-2022)
3.4 Global Pharmacy Benefit Management (PBM) Gross Margin by Player (2017-2022)
3.5 Pharmacy Benefit Management (PBM) Market Competitive Situation and Trends
3.5.1 Pharmacy Benefit Management (PBM) Market Concentration Rate
3.5.2 Pharmacy Benefit Management (PBM) Market Share of Top 3 and Top 6 Players
3.5.3 Mergers & Acquisitions, Expansion
4 Global Pharmacy Benefit Management (PBM) Sales Volume and Revenue Region Wise (2017-2022)
4.1 Global Pharmacy Benefit Management (PBM) Sales Volume and Market Share, Region Wise (2017-2022)
4.2 Global Pharmacy Benefit Management (PBM) Revenue and Market Share, Region Wise (2017-2022)
4.3 Global Pharmacy Benefit Management (PBM) Sales Volume, Revenue, Price and Gross Margin (2017-2022)
4.4 United States Pharmacy Benefit Management (PBM) Sales Volume, Revenue, Price and Gross Margin (2017-2022)
4.4.1 United States Pharmacy Benefit Management (PBM) Market Under COVID-19
4.5 Europe Pharmacy Benefit Management (PBM) Sales Volume, Revenue, Price and Gross Margin (2017-2022)
4.5.1 Europe Pharmacy Benefit Management (PBM) Market Under COVID-19
4.6 China Pharmacy Benefit Management (PBM) Sales Volume, Revenue, Price and Gross Margin (2017-2022)
4.6.1 China Pharmacy Benefit Management (PBM) Market Under COVID-19
4.7 Japan Pharmacy Benefit Management (PBM) Sales Volume, Revenue, Price and Gross Margin (2017-2022)
4.7.1 Japan Pharmacy Benefit Management (PBM) Market Under COVID-19
4.8 India Pharmacy Benefit Management (PBM) Sales Volume, Revenue, Price and Gross Margin (2017-2022)
4.8.1 India Pharmacy Benefit Management (PBM) Market Under COVID-19
4.9 Southeast Asia Pharmacy Benefit Management (PBM) Sales Volume, Revenue, Price and Gross Margin (2017-2022)
4.9.1 Southeast Asia Pharmacy Benefit Management (PBM) Market Under COVID-19
4.10 Latin America Pharmacy Benefit Management (PBM) Sales Volume, Revenue, Price and Gross Margin (2017-2022)
4.10.1 Latin America Pharmacy Benefit Management (PBM) Market Under COVID-19
4.11 Middle East and Africa Pharmacy Benefit Management (PBM) Sales Volume, Revenue, Price and Gross Margin (2017-2022)
4.11.1 Middle East and Africa Pharmacy Benefit Management (PBM) Market Under COVID-19
5 Global Pharmacy Benefit Management (PBM) Sales Volume, Revenue, Price Trend by Type
5.1 Global Pharmacy Benefit Management (PBM) Sales Volume and Market Share by Type (2017-2022)
5.2 Global Pharmacy Benefit Management (PBM) Revenue and Market Share by Type (2017-2022)
5.3 Global Pharmacy Benefit Management (PBM) Price by Type (2017-2022)
5.4 Global Pharmacy Benefit Management (PBM) Sales Volume, Revenue and Growth Rate by Type (2017-2022)
5.4.1 Global Pharmacy Benefit Management (PBM) Sales Volume, Revenue and Growth Rate of Retail Pharmacy Services (2017-2022)
5.4.2 Global Pharmacy Benefit Management (PBM) Sales Volume, Revenue and Growth Rate of Specialty Pharmacy Services (2017-2022)
5.4.3 Global Pharmacy Benefit Management (PBM) Sales Volume, Revenue and Growth Rate of Benefit Plan Design and Consultation (2017-2022)
5.4.4 Global Pharmacy Benefit Management (PBM) Sales Volume, Revenue and Growth Rate of Drug Formulary Management (2017-2022)
5.4.5 Global Pharmacy Benefit Management (PBM) Sales Volume, Revenue and Growth Rate of Others (2017-2022)
6 Global Pharmacy Benefit Management (PBM) Market Analysis by Application
6.1 Global Pharmacy Benefit Management (PBM) Consumption and Market Share by Application (2017-2022)
6.2 Global Pharmacy Benefit Management (PBM) Consumption Revenue and Market Share by Application (2017-2022)
6.3 Global Pharmacy Benefit Management (PBM) Consumption and Growth Rate by Application (2017-2022)
6.3.1 Global Pharmacy Benefit Management (PBM) Consumption and Growth Rate of Mail-order Pharmacy Services (2017-2022)
6.3.2 Global Pharmacy Benefit Management (PBM) Consumption and Growth Rate of Non-mail Pharmacy Services (2017-2022)
7 Global Pharmacy Benefit Management (PBM) Market Forecast (2022-2027)
7.1 Global Pharmacy Benefit Management (PBM) Sales Volume, Revenue Forecast (2022-2027)
7.1.1 Global Pharmacy Benefit Management (PBM) Sales Volume and Growth Rate Forecast (2022-2027)
7.1.2 Global Pharmacy Benefit Management (PBM) Revenue and Growth Rate Forecast (2022-2027)
7.1.3 Global Pharmacy Benefit Management (PBM) Price and Trend Forecast (2022-2027)
7.2 Global Pharmacy Benefit Management (PBM) Sales Volume and Revenue Forecast, Region Wise (2022-2027)
7.2.1 United States Pharmacy Benefit Management (PBM) Sales Volume and Revenue Forecast (2022-2027)
7.2.2 Europe Pharmacy Benefit Management (PBM) Sales Volume and Revenue Forecast (2022-2027)
7.2.3 China Pharmacy Benefit Management (PBM) Sales Volume and Revenue Forecast (2022-2027)
7.2.4 Japan Pharmacy Benefit Management (PBM) Sales Volume and Revenue Forecast (2022-2027)
7.2.5 India Pharmacy Benefit Management (PBM) Sales Volume and Revenue Forecast (2022-2027)
7.2.6 Southeast Asia Pharmacy Benefit Management (PBM) Sales Volume and Revenue Forecast (2022-2027)
7.2.7 Latin America Pharmacy Benefit Management (PBM) Sales Volume and Revenue Forecast (2022-2027)
7.2.8 Middle East and Africa Pharmacy Benefit Management (PBM) Sales Volume and Revenue Forecast (2022-2027)
7.3 Global Pharmacy Benefit Management (PBM) Sales Volume, Revenue and Price Forecast by Type (2022-2027)
7.3.1 Global Pharmacy Benefit Management (PBM) Revenue and Growth Rate of Retail Pharmacy Services (2022-2027)
7.3.2 Global Pharmacy Benefit Management (PBM) Revenue and Growth Rate of Specialty Pharmacy Services (2022-2027)
7.3.3 Global Pharmacy Benefit Management (PBM) Revenue and Growth Rate of Benefit Plan Design and Consultation (2022-2027)
7.3.4 Global Pharmacy Benefit Management (PBM) Revenue and Growth Rate of Drug Formulary Management (2022-2027)
7.3.5 Global Pharmacy Benefit Management (PBM) Revenue and Growth Rate of Others (2022-2027)
7.4 Global Pharmacy Benefit Management (PBM) Consumption Forecast by Application (2022-2027)
7.4.1 Global Pharmacy Benefit Management (PBM) Consumption Value and Growth Rate of Mail-order Pharmacy Services(2022-2027)
7.4.2 Global Pharmacy Benefit Management (PBM) Consumption Value and Growth Rate of Non-mail Pharmacy Services(2022-2027)
7.5 Pharmacy Benefit Management (PBM) Market Forecast Under COVID-19
8 Pharmacy Benefit Management (PBM) Market Upstream and Downstream Analysis
8.1 Pharmacy Benefit Management (PBM) Industrial Chain Analysis
8.2 Key Raw Materials Suppliers and Price Analysis
8.3 Manufacturing Cost Structure Analysis
8.3.1 Labor Cost Analysis
8.3.2 Energy Costs Analysis
8.3.3 R&D Costs Analysis
8.4 Alternative Product Analysis
8.5 Major Distributors of Pharmacy Benefit Management (PBM) Analysis
8.6 Major Downstream Buyers of Pharmacy Benefit Management (PBM) Analysis
8.7 Impact of COVID-19 and the Russia-Ukraine war on the Upstream and Downstream in the Pharmacy Benefit Management (PBM) Industry
9 Players Profiles
9.1 CVS Health Corporation
9.1.1 CVS Health Corporation Basic Information, Manufacturing Base, Sales Region and Competitors
9.1.2 Pharmacy Benefit Management (PBM) Product Profiles, Application and Specification
9.1.3 CVS Health Corporation Market Performance (2017-2022)
9.1.4 Recent Development
9.1.5 SWOT Analysis
9.2 Magellan Health Inc.
9.2.1 Magellan Health Inc. Basic Information, Manufacturing Base, Sales Region and Competitors
9.2.2 Pharmacy Benefit Management (PBM) Product Profiles, Application and Specification
9.2.3 Magellan Health Inc. Market Performance (2017-2022)
9.2.4 Recent Development
9.2.5 SWOT Analysis
9.3 Aetna Inc.
9.3.1 Aetna Inc. Basic Information, Manufacturing Base, Sales Region and Competitors
9.3.2 Pharmacy Benefit Management (PBM) Product Profiles, Application and Specification
9.3.3 Aetna Inc. Market Performance (2017-2022)
9.3.4 Recent Development
9.3.5 SWOT Analysis
9.4 Express Scripts Holding Company
9.4.1 Express Scripts Holding Company Basic Information, Manufacturing Base, Sales Region and Competitors
9.4.2 Pharmacy Benefit Management (PBM) Product Profiles, Application and Specification
9.4.3 Express Scripts Holding Company Market Performance (2017-2022)
9.4.4 Recent Development
9.4.5 SWOT Analysis
9.5 Prime Therapeutics
9.5.1 Prime Therapeutics Basic Information, Manufacturing Base, Sales Region and Competitors
9.5.2 Pharmacy Benefit Management (PBM) Product Profiles, Application and Specification
9.5.3 Prime Therapeutics Market Performance (2017-2022)
9.5.4 Recent Development
9.5.5 SWOT Analysis
9.6 MedImpact Holdings Inc.
9.6.1 MedImpact Holdings Inc. Basic Information, Manufacturing Base, Sales Region and Competitors
9.6.2 Pharmacy Benefit Management (PBM) Product Profiles, Application and Specification
9.6.3 MedImpact Holdings Inc. Market Performance (2017-2022)
9.6.4 Recent Development
9.6.5 SWOT Analysis
9.7 Cigna
9.7.1 Cigna Basic Information, Manufacturing Base, Sales Region and Competitors
9.7.2 Pharmacy Benefit Management (PBM) Product Profiles, Application and Specification
9.7.3 Cigna Market Performance (2017-2022)
9.7.4 Recent Development
9.7.5 SWOT Analysis
9.8 UnitedHealth Group, Inc
9.8.1 UnitedHealth Group, Inc Basic Information, Manufacturing Base, Sales Region and Competitors
9.8.2 Pharmacy Benefit Management (PBM) Product Profiles, Application and Specification
9.8.3 UnitedHealth Group, Inc Market Performance (2017-2022)
9.8.4 Recent Development
9.8.5 SWOT Analysis
9.9 Humana Pharmacy Solutions
9.9.1 Humana Pharmacy Solutions Basic Information, Manufacturing Base, Sales Region and Competitors
9.9.2 Pharmacy Benefit Management (PBM) Product Profiles, Application and Specification
9.9.3 Humana Pharmacy Solutions Market Performance (2017-2022)
9.9.4 Recent Development
9.9.5 SWOT Analysis
10 Research Findings and Conclusion
11 Appendix
11.1 Methodology
11.2 Research Data Source
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