Press release
Pharmacy Benefit Management Global Market: Growth Trajectory, Key Players and Forecast for 2025
Pharmacy Benefit Management Market Size
What Is The Projected Market Size Of The Global Pharmacy Benefit Management Global Market And Its Growth Rate?
Meteoric growth is expected in the global pharmacy benefit management market with various factors propelling it forward.
•2024 Market Size: $648.75 billion
•2025 Market Size: $697.75 billion (7.6% CAGR)
•2029 Projected Market Size: $966.8 billion (8.5% CAGR)
The escalation is attributed to a myriad of factors including healthcare cost control demands, rise in prescription drug usage, health insurance expansion, adherence to regulatory changes, and patient-centric healthcare.
What Is Driving The Growth In The Pharmacy Benefit Management Global Market Report 2025?
The surge in the number of people availing insurance significantly contributes to the growth of the pharmacy benefit management market. Insurance alleviates the burden of increased medical costs by covering expenses related to treatment, hospitalization, health check-ups, etc. Concurrently, pharmacy benefit management (PBM) amalgamates medical and pharmaceutical products, providing extensive patient information, enabling insurers to offer efficient programs. For instance, the United States Department of Health and Human Services reported a 31% increase in enrolment during the 2024 OEP (Open Enrollment Period) compared to the 2023 OEP - an additional 5.1 million consumers availing coverage. This upswing in insurance coverage is a significant driver for the growth of the pharmacy benefit management market.
Request A Free Sample Copy:https://www.thebusinessresearchcompany.com/sample.aspx?id=6883&type=smp
Who Are The Key Players Driving Pharmacy Benefit Management Global Market Report 2025 Growth?
Noteworthy companies operating in the pharmacy benefit management market include:
•CVS Health Corporation
•Cigna Corporation
•Centene Corporation
•Anthem Inc.
•OptumRx Inc.
•Humana Pharmacy Solutions Inc.
•Magellan Health Inc.
•Prime Therapeutics LLC
•MaxorPlus Ltd.
•And many more
What Are The key Trends In The Pharmacy Benefit Management Global Market Report 2025?
Predominant trends sweeping the market include:
•Value-based healthcare models
•Specialty medications management
•Data analytics and AI integration
•Telemedicine integration
•Rise in personalized medicine
What Are The Segments Of The Global Pharmacy Benefit Management Global Market Report 2025?
The pharmacy benefit management market is segmented into:
1) By Services: Mail-Delivery, Specialty Pharmacy, Preferred Network Pharmacies
2) By Type: Commercial Health Plans, Self-Insured Employer Plans, Medicare Part D Plans, Federal Employees Health Benefits Program
3) By End User: Pharmacy Benefit Management Organization, Mail Order Pharmacies, Retail Pharmacies, Inpatient Pharmacies, Outpatient Pharmacies
Which Region Leads The Pharmacy Benefit Management Global Market Report 2025?
North America dominated the pharmacy benefit management market in 2024, and the Asia-Pacific region is predicted to record the fastest growth in the forecast period. The regions covered in the report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Pre-book the Report for Swift Delivery:https://www.thebusinessresearchcompany.com/report/pharmacy-benefit-management-global-market-report
What Is Covered In The Pharmacy Benefit Management Global Market Report 2025 Global Market Report?
- Market Size Analysis: Analyze the Pharmacy Benefit Management Global Market Report 2025 size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Pharmacy Benefit Management Global Market Report 2025 for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Pharmacy Benefit Management Global Market Report 2025 growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Pharmacy Benefit Management Global Market Report 2025.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
Request Customization for This Report:https://www.thebusinessresearchcompany.com/customise?id=6883&type=smp
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Pharmacy Benefit Management Global Market: Growth Trajectory, Key Players and Forecast for 2025 here
News-ID: 3845067 • Views: …
More Releases from The Business Research Company
Seed Treatment Fungicides Market to Grow at 9.3% CAGR, Reaching $3.15 Billion by …
Use ONLINE30 for 30% savings on global market reports and stay on top of tariff updates, market trends, and economic shifts worldwide.
Seed Treatment Fungicides Market Outlook: How is the Market Expected to Grow by 2025?
Over the past few years, the market for seed treatment fungicides has seen robust growth. Its market value is projected to rise from $2.07 billion in 2024 to $2.21 billion in 2025, signifying a compound annual…
Rheology Modifiers Market Growth to be Driven by Emerging Trends | $10.92 Billio …
Stay informed on tariff shifts, macro trends, and global economic changes-use code ONLINE30 to enjoy 30% off our global market reports.
What is the Projected Market Size of the Rheology Modifiers Industry?
There has been a consistent expansion in the size of the rheology modifiers market in the past few years. The market, which was worth $8.59 billion in 2024, is projected to increase to $8.89 billion in 2025, demonstrating a compound…
Polyurethane Foam Market to Record 8.4% CAGR Growth Through 2029 | Global Analys …
Use ONLINE30 for 30% savings on global market reports and stay on top of tariff updates, market trends, and economic shifts worldwide.
Polyurethane Foam Market Outlook: How is the Market Expected to Grow by 2025?
In recent years, the size of the polyurethane foam market has experienced substantial growth. It is projected to increase from a value of $54.27 billion in 2024 to $57.26 billion in 2025, indicating a compound annual growth…
Pharmaceutical Intermediates Market Size to Reach $46.04 Billion by 2029 | Growt …
Stay informed on tariff shifts, macro trends, and global economic changes-use code ONLINE30 to enjoy 30% off our global market reports.
What is the Projected Market Size of the Pharmaceutical Intermediates Industry?
There has been consistent growth in the market size of pharmaceutical intermediates over the past few years. The market is predicted to increase from a value of $33.37 billion in 2024, up to $34.95 billion in 2025, with a compound…
More Releases for Pharmacy
Pharmacy Automation Systems Market Analysis By Top Keyplayers - Inpatient Pharma …
The "Pharmacy Automation Systems Market" is expected to reach USD xx.x billion by 2031, indicating a compound annual growth rate (CAGR) of xx.x percent from 2024 to 2031. The market was valued at USD xx.x billion In 2023.
Growing Demand and Growth Potential in the Global Pharmacy Automation Systems Market, 2024-2031
Verified Market Research's most recent report, "Pharmacy Automation Systems Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2030," provides…
Convenient and reliable online pharmacy - Onlinepills pharmacy
Onlinepills Pharmacy is a trusted and reliable online pharmaceutical company that has been serving the global community for over a decade. Onlinepills Pharmacy ensures and prioritizes customer interest with premium customer assistance and the best offers on prescription medicines.
Key Benefits at Onlinepills Pharmacy:
• No prescriptions are asked to order medicines.
• Genuine medicines at the best price.
• Medicines undergo quality checks before shipping in discreet and safe packages.
• Tracking details are provided after shipping…
Pharmacy Compounding For Veterinary Medicine Market Next Big Thing | Medisca, Lo …
Worldwide Pharmacy Compounding For Veterinary Medicine Market In-depth Research Report 2021, Forecast to 2026 is the latest research study released by HTF MI evaluating the market risk side analysis, highlighting opportunities, and leveraging with strategic and tactical decision-making support. The report provides information on market trends and development, growth drivers, technologies, and the changing investment structure of the Worldwide Pharmacy Compounding For Veterinary Medicine Market. Some of the key players…
Compounding Pharmacy Market Competitive Outlook Covering COVID-19 Impact | Lorra …
The role of compounding pharmacies is to make drugs prescribed by doctors for specific patients with needs that can't be met by commercially available drugs in the market. Compounded drugs are the amalgamation of two or more drug ingredients in different proportions, i.e., combining or altering the active pharmaceutical ingredients of drugs to meet the unmet medical need of an individual patient. The major driver of compounding pharmacies market is…
Compounding Pharmacy Market SWOT Analysis by Key Players: Olympia Pharmacy, Wedg …
Latest Market intelligence report released by HTF MI with title "Global Compounding Pharmacy Market Report 2020 by Key Players, Types, Applications, Countries, Market Size, Forecast to 2026 (Based on 2020 COVID-19 Worldwide Spread)" is designed covering micro level of analysis by manufacturers and key business segments. The Global Compounding Pharmacy Market survey analysis offers energetic visions to conclude and study market size, market hopes, and competitive surroundings. The research is…
U.S. Compounding Pharmacies Market Global Key Players - Premier Pharmacy Labs, R …
Endowed with numerous regulatory compliances, the U.S. compounding pharmacies market has been traversing toward becoming one of the most profitable business spaces. Owing to the lack of safety and absence of clinical clearances, compounded medications have been under stringent scrutiny that has been helping players in the U.S. compounding pharmacies to strengthen their existing manufacturing practices. The surging use of compounded medicines for pain relief and hormone replacement therapies is…
