Global Pharmacy Benefit Management Market 2017-2021 - Disruption of Key M&A & Growing Focus on Promotional Activities

News provided by

Research and Markets

18 Dec, 2017, 17:30 GMT

DUBLIN, Dec. 18, 2017 /PRNewswire/ --

The "Global Pharmacy Benefit Management Market 2017-2021" report has been added to Research and Markets' offering.

The global pharmacy benefit management market to grow at a CAGR of 6.14% during the period 2017-2021.

Global Pharmacy Benefit Management Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

One trend in the market is disruption of key M&A. The market is heavily reliant on key M&A as they can determine whether a new combined entity will emerge and threaten to occupy the larger market share. Key mergers between two mid-sized companies could also propel them to form a combined entity, which would command a greater market share.

According to the report, one driver in the market is increasing global healthcare expenditure. The growing prevalence of generic and chronic diseases and low co-payment or co-insurance costs have resulted in the increase in healthcare expenditures across the world. Healthcare expenditure is the measure of the overall amount spent on healthcare products and services. This also includes personal healthcare such as rehabilitative care, long-term care, and ancillary services. Healthcare is financed through a mix of financing arrangements including government spending and compulsory health insurance as well as voluntary health insurance and private funds such as households' out-of-pocket payments and private corporations.

Further, the report states that one challenge in the market is unclear revenue models. Pharmacy benefit management companies have faced criticism with regards to their revenue models and how they disclose limited information about their revenue sources. The lack of a global regulatory body has been cited in federal courts and senate meetings in the US as the root cause of unfair business practices being prevalent in the market. It has been alleged that the market lacks three essential elements that define a competitive market. They are transparency, choice, and lack of conflicts of interest. These aspects individually or in combination have prevailed in the market and have given rise to PBMs engaging in anticompetitive, deceptive, and fraudulent conduct.

Key vendors

  • Aetna
  • Cigna
  • CVS Health
  • Express Scripts
  • UnitedHealth

Other prominent vendors

  • Anthem
  • Centene
  • China Jo-Jo Drugstore
  • DST Systems
  • Humana
  • Kaiser Permanente
  • Magellan Health
  • McKesson
  • MedImpact
  • OmedaRx
  • Prime Rx Pharmacy
  • Prime Therapeutics
  • Rite Aid
  • RxSolutions
  • Vidalink
  • Walgreens Boots Alliance 

Key Topics Covered:

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

PART 03: RESEARCH METHODOLOGY

PART 04: MARKET LANDSCAPE

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

PART 05: MARKET SIZING

  • Market definition
  • Market sizing 2016
  • Market size and forecast

PART 06: FIVE FORCES ANALYSIS

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

PART 07: CUSTOMER LANDSCAPE

PART 08: SEGMENTATION BY TYPE OF SERVICE

  • Overview
  • Comparison by type of service
  • Retail/mail-order pharmacy
  • Specialty pharmacy
  • Preferred network pharmacy
  • Other
  • Market opportunity by type of service

PART 09: REGIONAL LANDSCAPE

  • Overview
  • Regional comparison
  • Americas
  • EMEA
  • APAC
  • Key leading countries
  • Market opportunity

PART 10: DECISION FRAMEWORK

PART 11: DRIVERS AND CHALLENGES

  • Market drivers
  • Market challenges

PART 12: MARKET TRENDS

  • Shift toward multi-tier prescription drug formulary
  • Disruption of key M&A
  • Growing focus on promotional activities

PART 13: VENDOR LANDSCAPE

  • Competitive scenario

PART 14: VENDOR ANALYSIS

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Aetna
  • Cigna
  • CVS Health
  • Express Scripts
  • UnitedHealth
  • Other prominent vendors

PART 15: APPENDIX

For more information about this report visit https://www.researchandmarkets.com/research/2c3s7n/global_pharmacy?w=5

Media Contact:

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com

For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716

Related Links

http://www.researchandmarkets.com