(Health-NewsWire.Net, April 24, 2016 ) 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.
Covered in this report
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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
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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Table of Content
PART 01: Executive summary Highlights
PART 02: Scope of the report Market overview Top-vendor offerings
PART 03: Market research methodology Research methodology Economic indicators
PART 04: Introduction Key market highlights
PART 05: US: Economic profile
PART 06: Global pharmaceuticals market Global pharmaceuticals market US pharmaceuticals market
PART 07: PBM: An overview
PART 08: PBM market in US Market overview Market size and forecast PBM market in US by Medicare members PBM market in US by managed Medicaid members Five forces analysis
PART 09: Market drivers
PART 10: Impact of drivers
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