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Pharmacy Benefit Management in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Pharmacy Benefit Management Market Research Report | Life Sciences | Healthcare Services | Aug 2013

Prescription strength: Healthcare reform will drive up physician visits, boosting revenue

IBISWorld’s Pharmacy Benefit Management market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

Report Snapshot
Market Share of Companies
CVS Caremark CVS Caremark market share
Express Scripts Express Scripts market share
UnitedHealth Group Inc. UnitedHealth Group Inc. market share
Industry Statistics & Market Size
Revenue
$233bn
Annual Growth 08-13
1.1%
Annual Growth 13-18
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Profit
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Employment
127,830
Businesses
42
Industry Analysis & Industry Trends

Though it felt the recession's effects, the Pharmacy Benefit Management industry has recovered quickly and is poised to grow on the back of rising insurance coverage and increased physician visits, which will yield a higher number of prescriptions filled. As the median age of the US population continues to rise, more Americans will rely on medications, increasing demand for the industry's services from insurers and employer-sponsored coverage plans. As more patients choose generics over more expensive brand names, however, industry profit margins are expected to make little progress in the coming years.... purchase to read more

Industry Report - Industry Locations Chapter

In the Pharmacy Benefit Management industry, a widespread geographic reach is essential for the proper distribution of prescription drugs to retail pharmacies and other clients. In becoming a primary healthcare source for many healthcare organizations, industry establishments are more capable of negotiating with large insurance and pharmaceutical companies if they are able to present nationwide coverage and accessibility.

Easy access to markets has become a key to success because it allows industry firms to more easily take advantage of economies of scale. The strategic placement of a company's operations can decrease delivery costs, which allows a firm to not only offer more competitive prices but also improve its profit margins... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Pharmacy Benefit Management Industry?

This industry includes firms that provide pharmacy benefit management services. Industry firms are third-party administrators of government and employer-sponsored prescription drug programs. They are primarily responsible for processing and paying prescription drug claims.

Industry Products
Retail pharmacy servicesSpecialty pharmacy servicesBenefit plan design and consultationDrug formulary managementOther services
 
Industry Activities
Processing and paying prescription drug claimsManaging prescription drug plan costsPrescription drug plan design and administration


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