New

Pharmacy Benefit Management Services Market

2021

Pharmacy Benefit Management Services Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Business Model (Standalone PBM, Health Insurance Providers, Retail Pharmacy); End User (Commercial, Federal) and Geography

| Report Code: TIPRE00007414 | No. of Pages: 150 | Category: Healthcare IT | Status: Upcoming

Market Insights

Pharmacy Benefit Management Services Market 2028 By Business Model, End User and Geography | The Insight Partners

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MARKET OVERVIEW

Pharmacy benefit manager functions as a third-party administrator. Pharmacy benefit management (PBM) is a prescription drug benefit management firm that manages, monitors, and handles all healthcare issues, as well as providing drug benefit programmes to employers. It also helps in the provision of low-cost medical services and prescription medications to companies. Pharmacy Benefit Management (PBM) publishes a list of prescription medicines that includes all drugs covered by its benefit plans, as well as manufacturers who can provide discounts. Pharmacy benefit management can be varied and flexible, ranging in size from small to large.

MARKET SCOPE

The Global Pharmacy Benefit Management Services Market Analysis to 2028 is a specialized and in-depth study of the healthcare industry with a special focus on the global market trend analysis. The report aims to provide an overview of the pharmacy benefit management services market with detailed market segmentation by business model and end user. The report provides key statistics on the market status of the leading pharmacy benefit management services market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

  •   Based on business model the market is segmented as, stand alone PBM, health insurance providers and retail pharmacy.
  •   Based on end user the market is segmented as, commercial and federal.

MARKET DYNAMICS
Drivers:

  •   Increasing need for preventing medication errors, growing geriatric population, rising labor costs, rapid regionalization of pharmacies are the factors which expected to spur the market growth.
  •   Growing awareness among healthcare providers and pharmacists about the cost reduction measures and the services offered by the Pharmacy benefit management are also expected to benefit market growth.

Restraints:

  •   However, stringent regulatory procedures along with reluctance to adopt pharmacy automation are expect to restrain market growth during the forecast period.



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REGIONAL FRAMEWORK


The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The pharmacy benefit management services market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the pharmacy benefit management services market in these regions.

IMPACT OF COVID-19 ON PHARMACY BENEFIT MANAGEMENT SERVICES MARKET

COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. According to the current market situation, the report further assesses the present and future effects of the COVID-19 pandemic on the overall market, giving more reliable and authentic projections In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.



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MARKET PLAYERS


The report covers key developments in the pharmacy benefit management services market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from pharmacy benefit management services market are anticipated to lucrative growth opportunities in the future with the rising demand for Pharmacy benefit management services in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the pharmacy benefit management services market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

  •   Aetna Inc.
  •   Anthem Insurance Companies, Inc.
  •   Benecard Services, LLC.
  •   Cigna
  •   CVS Health
  •   Express Scripts Holding Company
  •   Medimpact.
  •   OptumRx, Inc
  •   Rite Aid Corp
  •   Walgreens Boots Alliance, Inc.
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.


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TABLE OF CONTENTS

1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Pharmacy Benefit Management Services Market - By Business Model
1.3.2 Pharmacy Benefit Management Services Market - By End User
1.3.3 Pharmacy Benefit Management Services Market - By Region
1.3.3.1 By Country

2. KEY TAKEAWAYS

3. RESEARCH METHODOLOGY

4. PHARMACY BENEFIT MANAGEMENT SERVICES MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. EXPERT OPINIONS

5. PHARMACY BENEFIT MANAGEMENT SERVICES MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS

6. PHARMACY BENEFIT MANAGEMENT SERVICES MARKET - GLOBAL MARKET ANALYSIS
6.1. PHARMACY BENEFIT MANAGEMENT SERVICES - GLOBAL MARKET OVERVIEW
6.2. PHARMACY BENEFIT MANAGEMENT SERVICES - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE

7. PHARMACY BENEFIT MANAGEMENT SERVICES MARKET - REVENUE AND FORECASTS TO 2028 - BUSINESS MODEL
7.1. OVERVIEW
7.2. BUSINESS MODEL MARKET FORECASTS AND ANALYSIS
7.3. STANDALONE PBM
7.3.1. Overview
7.3.2. Standalone PBM Market Forecast and Analysis
7.4. HEALTH INSURANCE PROVIDERS
7.4.1. Overview
7.4.2. Health Insurance Providers Market Forecast and Analysis
7.5. RETAIL PHARMACY
7.5.1. Overview
7.5.2. Retail Pharmacy Market Forecast and Analysis
8. PHARMACY BENEFIT MANAGEMENT SERVICES MARKET - REVENUE AND FORECASTS TO 2028 - END USER
8.1. OVERVIEW
8.2. END USER MARKET FORECASTS AND ANALYSIS
8.3. COMMERCIAL
8.3.1. Overview
8.3.2. Commercial Market Forecast and Analysis
8.4. FEDERAL
8.4.1. Overview
8.4.2. Federal Market Forecast and Analysis

9. PHARMACY BENEFIT MANAGEMENT SERVICES MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Pharmacy Benefit Management Services Market Overview
9.1.2 North America Pharmacy Benefit Management Services Market Forecasts and Analysis
9.1.3 North America Pharmacy Benefit Management Services Market Forecasts and Analysis - By Business Model
9.1.4 North America Pharmacy Benefit Management Services Market Forecasts and Analysis - By End User
9.1.5 North America Pharmacy Benefit Management Services Market Forecasts and Analysis - By Countries
9.1.5.1 United States Pharmacy Benefit Management Services Market
9.1.5.1.1 United States Pharmacy Benefit Management Services Market by Business Model
9.1.5.1.2 United States Pharmacy Benefit Management Services Market by End User
9.1.5.2 Canada Pharmacy Benefit Management Services Market
9.1.5.2.1 Canada Pharmacy Benefit Management Services Market by Business Model
9.1.5.2.2 Canada Pharmacy Benefit Management Services Market by End User
9.1.5.3 Mexico Pharmacy Benefit Management Services Market
9.1.5.3.1 Mexico Pharmacy Benefit Management Services Market by Business Model
9.1.5.3.2 Mexico Pharmacy Benefit Management Services Market by End User
9.2. EUROPE
9.2.1 Europe Pharmacy Benefit Management Services Market Overview
9.2.2 Europe Pharmacy Benefit Management Services Market Forecasts and Analysis
9.2.3 Europe Pharmacy Benefit Management Services Market Forecasts and Analysis - By Business Model
9.2.4 Europe Pharmacy Benefit Management Services Market Forecasts and Analysis - By End User
9.2.5 Europe Pharmacy Benefit Management Services Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Pharmacy Benefit Management Services Market
9.2.5.1.1 Germany Pharmacy Benefit Management Services Market by Business Model
9.2.5.1.2 Germany Pharmacy Benefit Management Services Market by End User
9.2.5.2 France Pharmacy Benefit Management Services Market
9.2.5.2.1 France Pharmacy Benefit Management Services Market by Business Model
9.2.5.2.2 France Pharmacy Benefit Management Services Market by End User
9.2.5.3 Italy Pharmacy Benefit Management Services Market
9.2.5.3.1 Italy Pharmacy Benefit Management Services Market by Business Model
9.2.5.3.2 Italy Pharmacy Benefit Management Services Market by End User
9.2.5.4 Spain Pharmacy Benefit Management Services Market
9.2.5.4.1 Spain Pharmacy Benefit Management Services Market by Business Model
9.2.5.4.2 Spain Pharmacy Benefit Management Services Market by End User
9.2.5.5 United Kingdom Pharmacy Benefit Management Services Market
9.2.5.5.1 United Kingdom Pharmacy Benefit Management Services Market by Business Model
9.2.5.5.2 United Kingdom Pharmacy Benefit Management Services Market by End User
9.2.5.6 Rest of Europe Pharmacy Benefit Management Services Market
9.2.5.6.1 Rest of Europe Pharmacy Benefit Management Services Market by Business Model
9.2.5.6.2 Rest of Europe Pharmacy Benefit Management Services Market by End User
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Pharmacy Benefit Management Services Market Overview
9.3.2 Asia-Pacific Pharmacy Benefit Management Services Market Forecasts and Analysis
9.3.3 Asia-Pacific Pharmacy Benefit Management Services Market Forecasts and Analysis - By Business Model
9.3.4 Asia-Pacific Pharmacy Benefit Management Services Market Forecasts and Analysis - By End User
9.3.5 Asia-Pacific Pharmacy Benefit Management Services Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Pharmacy Benefit Management Services Market
9.3.5.1.1 Australia Pharmacy Benefit Management Services Market by Business Model
9.3.5.1.2 Australia Pharmacy Benefit Management Services Market by End User
9.3.5.2 China Pharmacy Benefit Management Services Market
9.3.5.2.1 China Pharmacy Benefit Management Services Market by Business Model
9.3.5.2.2 China Pharmacy Benefit Management Services Market by End User
9.3.5.3 India Pharmacy Benefit Management Services Market
9.3.5.3.1 India Pharmacy Benefit Management Services Market by Business Model
9.3.5.3.2 India Pharmacy Benefit Management Services Market by End User
9.3.5.4 Japan Pharmacy Benefit Management Services Market
9.3.5.4.1 Japan Pharmacy Benefit Management Services Market by Business Model
9.3.5.4.2 Japan Pharmacy Benefit Management Services Market by End User
9.3.5.5 South Korea Pharmacy Benefit Management Services Market
9.3.5.5.1 South Korea Pharmacy Benefit Management Services Market by Business Model
9.3.5.5.2 South Korea Pharmacy Benefit Management Services Market by End User
9.3.5.6 Rest of Asia-Pacific Pharmacy Benefit Management Services Market
9.3.5.6.1 Rest of Asia-Pacific Pharmacy Benefit Management Services Market by Business Model
9.3.5.6.2 Rest of Asia-Pacific Pharmacy Benefit Management Services Market by End User
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Pharmacy Benefit Management Services Market Overview
9.4.2 Middle East and Africa Pharmacy Benefit Management Services Market Forecasts and Analysis
9.4.3 Middle East and Africa Pharmacy Benefit Management Services Market Forecasts and Analysis - By Business Model
9.4.4 Middle East and Africa Pharmacy Benefit Management Services Market Forecasts and Analysis - By End User
9.4.5 Middle East and Africa Pharmacy Benefit Management Services Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Pharmacy Benefit Management Services Market
9.4.5.1.1 South Africa Pharmacy Benefit Management Services Market by Business Model
9.4.5.1.2 South Africa Pharmacy Benefit Management Services Market by End User
9.4.5.2 Saudi Arabia Pharmacy Benefit Management Services Market
9.4.5.2.1 Saudi Arabia Pharmacy Benefit Management Services Market by Business Model
9.4.5.2.2 Saudi Arabia Pharmacy Benefit Management Services Market by End User
9.4.5.3 U.A.E Pharmacy Benefit Management Services Market
9.4.5.3.1 U.A.E Pharmacy Benefit Management Services Market by Business Model
9.4.5.3.2 U.A.E Pharmacy Benefit Management Services Market by End User
9.4.5.4 Rest of Middle East and Africa Pharmacy Benefit Management Services Market
9.4.5.4.1 Rest of Middle East and Africa Pharmacy Benefit Management Services Market by Business Model
9.4.5.4.2 Rest of Middle East and Africa Pharmacy Benefit Management Services Market by End User
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Pharmacy Benefit Management Services Market Overview
9.5.2 South and Central America Pharmacy Benefit Management Services Market Forecasts and Analysis
9.5.3 South and Central America Pharmacy Benefit Management Services Market Forecasts and Analysis - By Business Model
9.5.4 South and Central America Pharmacy Benefit Management Services Market Forecasts and Analysis - By End User
9.5.5 South and Central America Pharmacy Benefit Management Services Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Pharmacy Benefit Management Services Market
9.5.5.1.1 Brazil Pharmacy Benefit Management Services Market by Business Model
9.5.5.1.2 Brazil Pharmacy Benefit Management Services Market by End User
9.5.5.2 Argentina Pharmacy Benefit Management Services Market
9.5.5.2.1 Argentina Pharmacy Benefit Management Services Market by Business Model
9.5.5.2.2 Argentina Pharmacy Benefit Management Services Market by End User
9.5.5.3 Rest of South and Central America Pharmacy Benefit Management Services Market
9.5.5.3.1 Rest of South and Central America Pharmacy Benefit Management Services Market by Business Model
9.5.5.3.2 Rest of South and Central America Pharmacy Benefit Management Services Market by End User

10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS

11. PHARMACY BENEFIT MANAGEMENT SERVICES MARKET, KEY COMPANY PROFILES
11.1. AETNA INC.
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. ANTHEM INSURANCE COMPANIES, INC.
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. BENECARD SERVICES, LLC.
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. CIGNA
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. CVS HEALTH
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. EXPRESS SCRIPTS HOLDING COMPANY
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. MEDIMPACT.
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. OPTUMRX, INC.
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. RITE AID CORP
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. WALGREENS BOOTS ALLIANCE, INC.
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments

12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
The List of Companies

1. Aetna Inc.
2. Anthem Insurance Companies, Inc.
3. Benecard Services, LLC.
4. Cigna
5. CVS Health
6. Express Scripts Holding Company
7. Medimpact.
8. OptumRx, Inc
9. Rite Aid Corp
10. Walgreens Boots Alliance, Inc.
11. Conduent, Inc
12. e-Zest Solutions
13. Centene Corporation
14. ExlService Holdings, Inc
15. Arthur J. Gallagher & Co"
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