Global Pharmacy Benefit Management Services Market By Type (Commercial Health Plans, Self-Insured Employer Plans, Medicare Part D Plans, Federal Employees Health Benefits Program, State Government Employee Plans), Application (Mail-Order Pharmacy Services, Non-Mail Pharmacy Services), Service (Retail Pharmacy Services, Specialty Pharmacy Services, Benefit Plan Design & Consultation, Network-Pharmacy Claims Processing, Home Delivery Pharmacy Care, Drug Utilization Review, Drug Formulary Management, Medical & Drug Data Analysis Services, Others), End-User (Healthcare Providers, Employers, Drug Manufacturers, Others), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends & Forecast to 2026
Global pharmacy benefit management services market is expected to witness a substantial growth rate, registering CAGR of 6.35% in the forecast period of 2019-2026. The report contains data for the base year of 2018, and the historic year of 2017. This rise in the market can be attributed to the rise in the drug prices and increasing healthcare expenditure.
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- Increasing occurrence of generic and chronic diseases and the desire to effectively and efficiently medicate such illness drives the demand for pharmacy benefit manager services
- Increased demand for insurance services, and increase in the number of people availing insurance stimulates the demand for pharmacy benefit manager services
- Advancements in healthcare and the rising demand for such health care services boosts the growth of this market
- Lack of awareness amongst consumers about the benefits of the service
- Misuse of patient’s data restrains the growth of the market
Key Developments in the Market:
- In December 2018, Cigna Corporation announced that they had acquired pharmacy benefit manager, Express Scripts for an approximate USD 67 billion. With this, they would provide wider choice and affordable services to their customers revolutionizing their health care system and benefitting their customers, clients, partners and the entire society on a large.
- In November 2018, CVS Health announced that they had completed the acquisition of Aetna, Inc. after they had received the approval of their USD 69 billion merger from the regulatory authorities. This acquisition is expected to revolutionize the entire healthcare industry as the strong resources of CVS would be merged with Aetna’s large network, thereby resulting in better relationships with customers, and provision of best health care services.
How will the report help new companies to plan their investments in the Pharmacy Benefit Management Services Market?
The Access Control market research report classifies the competitive spectrum of this industry in elaborate detail. The study claims that the competitive reach spans the companies of
On the off chance that you are associated with the Pharmacy Benefit Management Services MarketAnalytics industry or mean to be, at that point this investigation will give you far reaching standpoint. It’s crucial you stay up with the latest Pharmacy Benefit Management Services Market segmented by:
Set of qualitative information that includes PESTEL Analysis, PORTER Five Forces Model, Value Chain Analysis and Macro Economic factors, Regulatory Framework along with Industry Background and Overview.
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Key Market Competitors: Global Pharmacy Benefit Management Services Market
Few of the major market competitors currently working in the global pharmacy benefit management services market are Cigna, CVS Health, UnitedHealth Group, Anthem, Inc., Centene Corporation, DST Systems, Inc., Kaiser Foundation Health Plan, Inc., Magellan Health, Inc., McKesson Corporation, MedImpact Direct, LLC., Micro Merchant Systems, Inc., Prime Therapeutics LLC, Rite Aid Corp., TrialCard Incorporated, Walgreens Boots Alliance, Inc. amongst others.
Some of the Major Highlights of TOC covers:
Chapter 1: Methodology & Scope
- Definition and forecast parameters
- Methodology and forecast parameters
- Data Sources
Chapter 2: Executive Summary
- Business trends
- Regional trends
- Product trends
- End-use trends
Chapter 3: Pharmacy Benefit Management Services Industry Insights
- Industry segmentation
- Industry landscape
- Vendor matrix
- Technological and innovation landscape
Chapter 4: Pharmacy Benefit Management Services Market, By Region
- North America
- South America
- Middle East and Africa
Chapter 5: Company Profile
- Business Overview
- Financial Data
- Product Landscape
- Strategic Outlook
- SWOT Analysis
Thanks for reading this article, you can also get individual chapter wise section or region wise report version like North America, Europe or Asia.
BROWSE | TOC with selected illustrations and example pages of Pharmacy Benefit Management Services Market @ https://www.databridgemarketresearch.com/toc/?dbmr=global-pharmacy-benefit-management-services-market
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