Pharmacy Benefit Management (PBM) Market
Projected to Surpass US$ 483000 Million by 2023
Global Pharmacy Benefit Management (PBM) Market report explores
future trends for supply, demand and market growth rate, market
size, prices, trading, competition and value chain as well as Key
Players of the industry’s information with forecast from 2019 to 2023.
Global Pharmacy Benefit Management (PBM) Market Synopsis:
According to Market Analyst, The Global Pharmacy Benefit Management (PBM) Market is expected to
grow at an impressive Compound Annual Growth Rate (CAGR) from 2019 to 2023.
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The Pharmacy Benefit Management (PBM) industry has also suffered a certain impact, but still
maintained a relatively optimistic growth, the past four years, Pharmacy Benefit Management (PBM)
market size to maintain the average annual growth rate of 0.0494948228906 from 280000.0 million $ in
2014 to 356500.0 million $ in 2018, Market analysts believe that in the next few years, Pharmacy Benefit
Management (PBM) market size will be further expanded, we expect that by 2023, The market size of
the Pharmacy Benefit Management (PBM) will reach 483000.0 million $.
A pharmacy benefit manager (PBM) is a third-party administrator (TPA) of prescription drug programs
for commercial health plans, self-insured employer plans, and federal employee's health benefits
program. Pharmacy benefit managers act as an intermediary between the payer and everyone else in
the healthcare system.
The demand for pharmacy benefit management services is on the rise owing to increase in the number
of insurance providers with in-house pharmacy benefit groups to manage covered population. PBM
systems lower the overall costs by combining health plan customers together to form bigger networks
that enable negotiations and discounts.
Global Pharmacy Benefit Management (PBM) Market has been segmented on the Basis of Product Type,
Industry, and Region. Based on Product Type, Pharmacy Benefit Management (PBM) Market can be
divided into Network-Pharmacy Claims Processing, Home Delivery Pharmacy Care, Specialty Pharmacy
Care, Specialty Benefit Management, Benefit-Design Consultation.
This report focuses on Pharmacy Benefit Management (PBM) volume and value at the global level,
regional level and company level. From a global perspective, this report represents the overall Pharmacy
Benefit Management (PBM) market size by analyzing historical data and future prospect. At the