Pharmacy benefit management market overview, trends, opportunities, growth and forecast 2021-2026 – manomet current
According to the latest report by IMARC Group, titled “Pharmaceutical Benefit Management Market: Global Industry Trends, Share, Size, Growth, Opportunities and Forecast 2021-2026”, the global pharmacy benefit management market size to $ 382.2 billion in 2020. Pharmacy Benefit Management (PBM) is a system involving a third-party administrator who manages drug prescribing on behalf of pharmacies, health insurers, and drug manufacturers. He assists in carrying out various operations, ranging from financing to the definition of distribution policies. It also helps companies negotiate drug discounts, make generic drug substitutions with manufacturers and pharmacies, and participate in the management and development of the drug list.
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We regularly monitor the direct effect of COVID-19 on the market, as well as the indirect influence of related industries. These observations will be incorporated into the report.
Global Pharmacy Benefit Management Market Trends:
One of the key drivers in the PBM market is the growing need for cost management services due to the increasing prevalence of chronic diseases and increasing healthcare expenses. As PBM helps provide wider access to medicines in several retail pharmacy networks, its adoption is increasing around the world. In addition, the increasing integration of specialty pharmacies with PBMs for better connections and expertise with pharmaceutical companies to establish drug contracts is positively influencing the growth of the market. The growing number of partnerships and alliances between health insurance companies and PBMs to improve the personalization and affordability of health insurance plans is also driving the growth of the market. Other factors, such as the introduction of advanced benefit management services, including integrated pharmaco-medical products, drug utilization programs and disease management, are expected to drive growth. of the market. Looking ahead, the market value is expected to reach US $ 538.3 billion by 2026, increasing at a CAGR of 6.0% during the forecast period (2021-2026).
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Competitive landscape with the main players:
The report also analyzed the competitive landscape of the market with some of the major players.
- Aetna, Inc.
- Centene Corporation
- Cigna Corporation
- CVS Health Corporation
- Express Scripts portfolio company
- Magellan Health, Inc.
- Medimpact Healthcare Systems, Inc.
- Optumrx, Inc.
- Prime Therapeutics LLC
- ProCare Rx
- SS & c Technologies, Inc
Segmentation of the pharmaceutical benefit management market:
Our report has categorized the market based on region, service, business model, and end use.
Breakdown by department:
- Specialty pharmacy services
- Medication form management
- Retail pharmacy services
- Design and consultation of the benefits plan
- Disease management services
Breakdown by economic model:
- Health insurance management
- Autonomous PBMs
- Retail pharmacy
Breakdown by end use:
Breakdown by region:
- North America
- Asia Pacific
- Middle East and Africa
- Latin America
Highlights of the report:
- Market performance (2015-2020)
- Market Outlook (2021-2026)
- Porter’s Five Forces Analysis
- Market factors and success factors
- SWOT analysis
- Value chain
- Complete mapping of the competitive landscape
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