The term pharmacy benefit management (PBM) industry refers to a group of companies that serve as the middlemen between insurance companies, pharmacies, and drug manufacturers. PBMs are responsible for securing lower drug costs for insurers and insurance companies. They accomplish this by negotiating with pharmacies and drug manufacturers. The discounts are then passed onto insurance companies. Profits are generated through the slight up-charging of drugs or retaining portions of rebates.
According to our (Global Info Research) latest study, the global Pharmacy Benefit Management (PBM) market size was valued at USD 484140 million in 2022 and is forecast to a readjusted size of USD 702170 million by 2029 with a CAGR of 5.5% during review period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Three major PBMs maufacturters include Express Scripts, CVS Health, and OptumRx, which comprise 75% of the market.
America is enjoying the largest market share of pharmacy benefit management (PBM), with a market share nearly 97%. EU is the second place, enjoying market share nearly 2%.In terms of product, government is the largest segment, with a share over 70%. And in terms of application, the largest application is non-mail pharmacy services, followed by mail-order pharmacy services.
This report is a detailed and comprehensive analysis for global Pharmacy Benefit Management (PBM) market. Both quantitative and qualitative analyses are presented by company, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2023, are provided.
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This report profiles key players in the global Pharmacy Benefit Management (PBM) market based on the following parameters - company overview, production, value, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include CVS Health (CVS), Express Scripts, OptumRx (UnitedHealth), Humana Pharmacy Solutions and Prime Therapeutics, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, COVID-19 and Russia-Ukraine War Influence.
Market segment by Type
Government
Non-Government
Market segment by Application
Mail-order Pharmacy Services
Non-mail Pharmacy Services
Market segment by players, this report covers
CVS Health (CVS)
Express Scripts
OptumRx (UnitedHealth)
Humana Pharmacy Solutions
Prime Therapeutics
Medimpact Healthcare
Magellan Health
BC/BS
Vidalink
Sea Rainbow
Cachet
CRHMS
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for Pharmacy Benefit Management (PBM)
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Pharmacy Benefit Management (PBM) product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Pharmacy Benefit Management (PBM), with price, sales, revenue and global market share of Pharmacy Benefit Management (PBM) from 2018 to 2023.
Chapter 3, the Pharmacy Benefit Management (PBM) competitive situation, sales quantity, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Pharmacy Benefit Management (PBM) breakdown data are shown at the regional level, to show the sales quantity, consumption value and growth by regions, from 2018 to 2029.
Chapter 5 and 6, to segment the sales by Type and application, with sales market share and growth rate by type, application, from 2018 to 2029.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value and market share for key countries in the world, from 2017 to 2022.and Pharmacy Benefit Management (PBM) market forecast, by regions, type and application, with sales and revenue, from 2024 to 2029.
Chapter 12, market dynamics, drivers, restraints, trends, Porters Five Forces analysis, and Influence of COVID-19 and Russia-Ukraine War.
Chapter 13, the key raw materials and key suppliers, and industry chain of Pharmacy Benefit Management (PBM).
Chapter 14 and 15, to describe Pharmacy Benefit Management (PBM) sales channel, distributors, customers, research findings and conclusion.
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