MRFR offering latest trend report on Pharmacy Benefit Management Services Market Report: Information by Service (Retail pharmacy services, Specialty pharmacy services, Benefit plan design and consultation, Others), End User (Healthcare Providers, Employers)—Global Forecast till 2024 A research paper involves surveying a field of knowledge in order to find the best possible information of the global Pharmacy Benefit Management Services Market
Key Players : Pharmacy Benefit Management (PBM) Market
The Key Players In The Global Market For Pharmacy Benefit Management Services Are Abarca Health LLC., Mckesson Corporation, CVS Health, Express Scripts Magellan Rx Management, Medimpact Healthcare, Meridianrx, Vidalink, Optumrx, Humana Pharmacy Solutions, (Unitedhealth), Prime Therapeutics, Sea Rainbow, And Others.
According to a thorough report published by Market Research Future (MRFR), the Global Pharmacy Benefit Management Services Market Is Expected To Record A Substantial Market Valuation At A 5.8% CAGR Over The Forecast Period Of 2019 To 2024.
The noteworthy factors influencing the growth of the global pharmacy benefit management services market are the increasing healthcare expenditure globally, the efforts undertaken forth the expansion of the healthcare industry, the rising digitalization, and the increased demand for advanced healthcare management systems. These factors are expected to contribute significantly to the global market share of the pharmacy benefit management services during the review period.
However, the lack of awareness in the underdeveloped countries across the globe and the increasing issues arising concerning the security of patients medical data is likely to hinder the market growth of the global pharmacy benefit management services market over the forecast period.
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Segmental Analysis : Pharmacy Benefit Management (PBM) Market
The global market for pharmacy benefit management services is segmented on the basis of service and end-user.
Based on service, the pharmacy benefit management services market has been segmented into benefit plan design and consultation, drug formulary management, retail pharmacy services, specialty pharmacy services, and others.
Based on end-user, the market for pharmacy benefit management services is segmented into drug manufacturers, employers, healthcare providers, and others.
Regional Analysis : Pharmacy Benefit Management (PBM) Market
Based on the region, the global pharmacy benefit management services market is segmented into the Asia Pacific, the Americas, Europe, and the middle east and Africa.
The Americas are assessed for the largest region in the global pharmacy benefit management services market and are probable to retain the leading market share over the forecast period. This is attributable to the early adoption of technological advancements, the higher number of hospitals and medical centers in the region. Additionally, the increased healthcare expenditure, especially in developed countries such as the US and Canada, along with the rising number of the insurance protected the population in the region are driving factors for the pharmacy benefit management services market over the review period.
Europe accounts for the second largest regional market in the global pharmacy benefit management services market and is expected to maintain the market standing over the review period. This is accredited to the increased prevalence of chronic diseases, adoption of advanced healthcare technology, higher healthcare expenditure sector by the government, and the favorable reimbursement policies. These factors are expected to fuel market growth over the estimated period.
The Asia Pacific (APAC) has been anticipated as the fastest growing region in the global pharmacy benefit management services market over the evaluation period, owing to the rising demand for advanced healthcare management systems, increased awareness of pharmacy benefit management services. Additionally, the growth in the geriatric population and the rise in government expenditure towards the improvement of the healthcare sector in emerging economies such as India and China are also significant driving factors over the review period.
The middle east and Africa region accounts for the smallest market share in the global pharmacy benefit management services market owing to the lack of technological advancements, weak economic development, and inadequate healthcare facilities in Africa. Additionally, the presence of political unrest in certain parts of the middle east and Africa is likely to contribute to the gradual growth of the market in the region. The government efforts towards the improvement of the healthcare sector, expansion of medical infrastructure to provide basic healthcare facilities is the primary driving actor in Africa. Additionally, the middle eastern developing countries are likely to contribute to the majority of the market share over the forecast period.
Potential of the Report
- To gain information about the top players in this industry, their product portfolios, and their key strategies.
- Key parameters which are driving this market and restraining its growth
- What all challenges manufacturers will face as well as new opportunities and threats faced by them.
- Learn about the market strategies that are being adopted by your competitors and leading organizations
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.
Table Of Contents: Pharmacy Benefit Management (PBM) Market
Chapter 1. Report Prologue
Chapter 2. Market Introduction
2.1. Definition
2.2. Scope Of The Study
2.2.1. Research Objective
2.2.2. Assumptions
2.2.3. Limitations
Chapter 3. Research Methodology
3.1. Introduction
3.2. Primary Research
3.3. Secondary Research
3.4. Market Size Estimation
Chapter 4. Market Dynamics
4.1. Drivers
4.2. Restraints
4.3. Opportunities
4.4. Challenges
Chapter 5. Market Factor Analysis
5.1. Porter’s Five Forces Analysis
5.1.1. Bargaining Power Of Suppliers
5.1.2. Bargaining Power Of Buyers
5.1.3. Threat Of New Entrants
Chapter 6. Global Pharmacy Benefit Management Services Market, By Service
6.1. Introduction
6.2. Retail Pharmacy Services
Market Estimates & Forecast, By Region, 2019–2024
Market Estimates & Forecast, By Country, 2019–2024
6.3. Specialty Pharmacy Services
Chapter 7. Global Pharmacy Benefit Management Services Market, By End User
7.1. Introduction
7.2. Healthcare Providers
Market Estimates & Forecast, By Region, 2019–2024
Market Estimates & Forecast, By Country, 2019–2024
7.3. Employers others…
Chapter 8. Global Pharmacy Benefit Management Services Market, By Region
8.1. Introduction
8.2. Americas
8.2.1. North America
8.2.1.1. US
8.2.1.2. Canada
8.2.2. Latin America
8.3. Europe
8.3.1. Western Europe
8.3.1.1. Germany
8.3.1.2. France others….
Chapter 9. Company Landscape
9.1. Introduction
9.2. Market Share Analysis
9.3. Key Developments & Strategies
Chapter 10. Company Profiles
10.1. Abarca Health LLC.
10.1.1. Company Overview
10.1.2. Product Overview
10.1.3. Financial Overview others….
Chapter 11. MRFR Conclusion
11.1. Key Findings
11.1.1. From CEO’s Viewpoint
11.1.2. Unmet Needs Of The Market
11.2. Key Companies To Watch
11.3. Predictions For The Pharmacy Benefit Management Services Industry others….
Chapter 12. Appendix
LIST OF TABLES
Table 1. Global Pharmacy Benefit Management Services Market Synopsis, 2019–2024
Table 2. Global Pharmacy Benefit Management Services Market Estimates And Forecast, 2019–2024 (USD Million)
Table 3. Global Pharmacy Benefit Management Services Market, By Region, 2019–2024 (USD Million)
Table 4. Global Pharmacy Benefit Management Services Market, By Service, 2019–2024 (USD Million)
Table 5. Global Pharmacy Benefit Management Services Market, By End User, 2019–2024 (USD Million)
Table 6. North America: Pharmacy Benefit Management Services Market, By Service, 2019–2024 (USD Million)
Table 7. North America: Pharmacy Benefit Management Services Market, By End User, 2019–2024 (USD Million)
Table 8. US: Pharmacy Benefit Management Services Market, By Service, 2019–2024 (USD Million)
Table 9. US: Pharmacy Benefit Management Services Market, By End User, 2019–2024 (USD Million)
Table 10. Canada: Pharmacy Benefit Management Services Market, By Service, 2019–2024 (USD Million) others…
TOC Continue…
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