Pharmacy Benefit Management Services Market Size, Share 2020-Industry & Regional Trend, Future Growth, Leading Players are Cigna, CVS Health, DST Systems, Magellan Health, Micro Merchant Systems, TrialCard Incorporated, Walgreens Boots

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Market Analysis: Global Pharmacy Benefit Management Services Market 

Global pharmacy benefit management services market is expected to witness a substantial growth rate, registering CAGR of 6.35% in the forecast period of 2019-2026. The report contains data for the base year of 2018, and the historic year of 2017. This rise in the market can be attributed to the rise in the drug prices and increasing healthcare expenditure.

Key Market Competitors: Global Pharmacy Benefit Management Services Market 

Few of the major market competitors currently working in the global pharmacy benefit management services market are Cigna, CVS Health, UnitedHealth Group, Anthem, Inc., Centene Corporation, DST Systems, Inc., Kaiser Foundation Health Plan, Inc., Magellan Health, Inc., McKesson Corporation, MedImpact Direct, LLC., Micro Merchant Systems, Inc., Prime Therapeutics LLC, Rite Aid Corp., TrialCard Incorporated, Walgreens Boots Alliance, Inc. amongst others.

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Market Definition: Global Pharmacy Benefit Management Services Market 

Pharmacy benefit management services provide several medical facilities to patients. They are run by third party administrators (TPAs) who acct as link between pharmacists, insurance companies, claimers of insurance and drug manufacturers.  They help in reducing the price of drugs, manage prescriptions, plan the best health plans for patients by offering discounts and rebates. They offer medicines at affordable prices as compared to those sold by retail pharmacists.

Key Developments in the Pharmacy Benefit Management Services Market :

In December 2018, Cigna Corporation announced that they had acquired pharmacy benefit manager, Express Scripts for an approximate USD 67 billion. With this, they would provide wider choice and affordable services to their customers revolutionizing their health care system and benefitting their customers, clients, partners and the entire society on a large.

In November 2018, CVS Health announced that they had completed the acquisition of Aetna, Inc. after they had received the approval of their USD 69 billion merger from the regulatory authorities. This acquisition is expected to revolutionize the entire healthcare industry as the strong resources of CVS would be merged with Aetna’s large network, thereby resulting in better relationships with customers, and provision of best health care services.

Segmentation: Global Pharmacy Benefit Management Services Market 

Pharmacy Benefit Management Services Market : By Type

Commercial Health Plans
Self-Insured Employer Plans
Medicare Part D Plans
Federal Employees Health Benefits Program
State Government Employee Plans

Pharmacy Benefit Management Services Market : By Application

Mail-Order Pharmacy Services
Non-Mail Pharmacy Services

Pharmacy Benefit Management Services Market : By Service

Retail Pharmacy Services
Specialty Pharmacy Services
Benefit Plan Design & Consultation
Network-Pharmacy Claims Processing
Home Delivery Pharmacy Care
Drug Utilization Review
Drug Formulary Management
Medical & Drug Data Analysis Services
Others

Pharmacy Benefit Management Services Market : By End-User

Healthcare Providers
Employers
Drug Manufacturers
Others

Pharmacy Benefit Management Services Market : By Geography

North America
South America
Europe
Asia-Pacific
Middle East and Africa

Pharmacy Benefit Management Services Market Reports - Table of Contents
1. Preface
    1.1. Market Definition and Scope
    1.2. Market Segmentation
    1.3. Key Research Objectives
    1.4. Research Highlights
2. Assumptions and Research Methodology
3. Executive Summary: Global Pharmacy Benefit Management Services Market
4. Market Overview
    4.1. Introduction
    4.2. Overview
    4.3. Market Dynamics
    4.4. Porter’s Five Force Analysis
5. Key Insights
    5.1. Technological Advancements
    5.2. Pricing Analysis
    5.3. Recent Developments
6. Global Pharmacy Benefit Management Services Market Analysis and Forecast, By Product
7. Global Pharmacy Benefit Management Services Market Analysis and Forecast, By Detector
8. Global Pharmacy Benefit Management Services Market Analysis and Forecast, By Technology
9. Global Pharmacy Benefit Management Services Market Analysis and Forecast, By Application
10. Global Pharmacy Benefit Management Services Market Analysis and Forecast, By End-user
11. Global Pharmacy Benefit Management Services Market Analysis and Forecast, By Region
12. North America Pharmacy Benefit Management Services Market Analysis and Forecast
13. Europe Pharmacy Benefit Management Services Market Analysis and Forecast
14. Asia Pacific Pharmacy Benefit Management Services Market Analysis and Forecast
15. Latin America Pharmacy Benefit Management Services Market Analysis and Forecast
16. Middle East & Africa Pharmacy Benefit Management Services Market Analysis and Forecast
17. Competitive Landscape

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