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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 | Sep 2014

Healthy growth: Healthcare legislation will increase customer base and industry revenue

The Pharmacy Benefit Management market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

Report Snapshot
Market Share of Companies
Catamaran Catamaran market share
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
$263bn
Annual Growth 09-14
5.3%
Annual Growth 14-19
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Profit
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Employment
41,292
Businesses
73
Industry Analysis & Industry Trends

Rising drug costs, higher consumer spending on healthcare and increasing prescription drug use drove up revenue for the Pharmacy Benefit Management industry over the five years to 2014. Rising drug costs caused health plan sponsors to increasingly turn to PBMs for cost management services. In turn, this trend drove industry operators to consolidate to better leverage larger retail pharmacies, customer networks and drug use data to negotiate better cost savings with drug manufacturers. Growth prospects for PBMs are strong. IBISWorld projects that industry revenue will expand steadily over the five years to 2019.... purchase to read more

Industry Report - Industry Products Chapter

Retail pharmacy services

Accounting for the majority of revenue, retail pharmacy services have remained a steady source of income for industry operators. A considerably large portion of retail pharmacy services is mail order, which includes the processing, fulfillment and delivery through the mail of brand name and generic pharmaceuticals to patients who submit prescriptions or refill requests to an industry client. Rather than go to the pharmacy every month, patients can use home delivery services for drugs by submitting orders via mail, telephone, fax or online. The retail pharmacy segment also includes face-to-face retail pharmacy services, which are performed through a company's retail pharmacy network (i.e... 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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