Pharmacy Benefit Manager (PBM) Market in the US Will Grow At A CAGR Of 7.16% During The Period 2017-2021

ALBANY, NY, April 27, 2017 : PBMs are responsible for processing prescriptions for corporations or insurance companies. Earlier, their major role was administration and negotiation with drug pharmacies and manufacturers to get rebates on drug prices. Now they have evolved into entities taking over the drug benefit portion of health plans in the US. Recent healthcare reforms in the US have contributed significantly to increase their area of expertise. Increase in costs of drugs and other healthcare services has made PBM's services more desirable. PBMs act as an intermediary between the payer and other entities in a healthcare system. They generate revenue through service fees they charge from large customer contracts for activities such as operating mail-order pharmacies, processing prescriptions, and negotiating with drug manufacturers and pharmacies.

The analysts forecast the PBM market in the US to grow at a CAGR of 7.16% during 2014-2019.

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Covered in this report

The report covers the current scenario and the growth prospects of the PBM market in the US for the period of 2015-2019. To calculate the market size, the report considers revenue generated by PBMs by offering pharmacy benefit services to end-users in the healthcare market in the US.

The report, Pharmacy Benefit Manager (PBM) Market in the US 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the PBM market landscape in the US and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors

Catamaran
CVS Health (CVS Caremark)
Express Scripts
OptumRx
Prime Therapeutics

Other prominent vendors

Aetna
Argus Health Systems
Centene
Cigna
Humana
Medlmpact
Rite Aid

Market driver

Increase in healthcare expenditure
For a full, detailed list, view our report

Market challenge

Criticisms of PBMs
For a full, detailed list, view our report

Market trend

Shift toward multi-tier prescription drug plans by employers
For a full, detailed list, view our report

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Key questions answered in this report

What will the market size be in 2019 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?

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This release was published on openPR.