About Pharmacy Benefit Manager
Pharmacy Benefit Manager is a third party distributor for health plans, health insurance, government employees plans operating in negotiating discounts, pharmacies, settling drugs claims. Pharmacy Benefit Manager market is expected to reach utmost CAGR for the forecasted period owing to increasing healthcare infrastructure and pharmaceutical industry in emerging economies. In addition, increasing demand in all tire companies for employee health, dispensary benefit and growing focus on cost reduction growing the market potentially.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Pharmacy Benefit Manager market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Express Scripts Holding Company (United States), Rite Aid (United States), CVS Health Corporation (United States), DST Systems (United States), Benecard Services (United States), BioScrip (United States), Change Healthcare (United States) and United Health Group (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are CaptureRx (United States).
Segmentation Overview
AMA Research has segmented the market of Global Pharmacy Benefit Manager market by Type (Commercial health plans, Self-insured employer plans, Medicare Part D plans, State government employee plans, Federal Employees Health Benefits Program and Others), Application (Mail-order Pharmacy Services, Non-mail Pharmacy Services and Others) and Region.
On the basis of geography, the market of Pharmacy Benefit Manager has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Influencing Trend:
Growing Focus on Cost Reduction in Healthcare Industry
Market Growth Drivers:
Increasing Demand in Health Insurance Companies and Government Health Programs, Rising Demand in all Tire Companies and Growing Healthcare Infrastructure in Emerging Economies
Challenges:
Intense Competition
Restraints:
Stringent Healthcare Reforms
Opportunities:
Increasing Small and Medium Enterprises and Increasing Association of Online Pharmacies and Pharmacy Benefit Manager
Key Target Audience
Healthcare Institute, Pharmaceutical Companies, Business Entities, Government Bodies, Business Research and consulting Firms and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.