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Global $2.14 Billion Pharmacy Benefit Manager Software Markets to 2025: Rise in Value-Based Contracts with Pharma Manufacturers

Dublin, April 26, 2021 (GLOBE NEWSWIRE) — The “Global Pharmacy Benefit Manager Software Market (2020-2025) by Type, Deployment, Operation, Application, End user, Geography, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis” report has been added to ResearchAndMarkets.com’s offering. The Global Pharmacy Benefit Manager Software Market is estimated to be USD 1.10 Bn in 2020 and is expected to reach USD 2.14 Bn by 2025, growing at a CAGR of 14.2{98cae0078f524eff3ab8ec32cf55b261677ef6c8a6ed6e94d92a4234b93f46b6}.Market DynamicsThe need to improve patient’s safety, adherence to drug prescription reasoning and adaptation of drug formulations and need to support health professionals by providing the scientific evidence to improve the medication management are some of the factors that are driving the growth of the market. However, the market growth is hindered by the stringent government regulations to cut back rebates. Legal uncertainty surrounding the industry is creating challenges in front of the market players. The rise in value-based contracts with pharma manufacturers and presence of big e-commerce vendors, pharmacy distribution and reimbursement market are creating huge opportunities for the market players. Recent Developments In August 2019, Accredo, a specialty pharmacy, started a new, full-service pharmacy for residents of Hawaii who require additional clinical and administrative support for their complex treatments and medications.July 2019, Aetna, a CVS Health company, started offering fully insured health care network options to its Preferred Product Organization (PPO), Exclusive Product Organization (EPO), and Health Maintenance Organization (HMO) product portfolios through Aetna Whole HealthSM – Southern California. Company ProfilesSome of the companies covered in this report are BC/BS, Benecard Services, LLC, BioScrip, Inc., Cachet, CaptureRx, Catamaran Corporation, Change Healthcare, CVS Caremark, CVS Health Corporation, DST Systems, Inc., Express Scripts Holding Company, Humana Pharmacy Solutions, Magellan Health, etc. Competitive QuadrantThe report includes a Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc. Report Highlights: A complete analysis of the market, including parent industryImportant market dynamics and trendsMarket segmentationHistorical, current, and projected size of the market based on value and volumeMarket shares and strategies of key playersRecommendations to companies for strengthening their foothold in the market Key Topics Covered: 1 Report Description1.1 Study Objectives 1.2 Market Definition1.3 Currency1.4 Years Considered1.5 Language1.6 Key Shareholders2 Research Methodology2.1 Research Process2.2 Data Collection and Validation2.3 Market Size Estimation2.4 Assumptions of the Study2.5 Limitations of the Study3 Executive Summary4 Market Overview4.1 Introduction 4.2 Market Dynamics4.2.1 Drivers4.2.1.1 Need to Improve Patient’s Safety by Avoiding the Health Risks Associated with Medication Use4.2.1.2 Need to Improve the Adherence to Drug Prescription Reasoning and Adaptation of Drug Formulations4.2.1.3 Need to Support Health Professionals by Providing the Scientific Evidence to Improve the Medication Management4.2.2 Restraints4.2.2.1 Stringent Regulations to Cut Back Rebates4.2.3 Opportunities4.2.3.1 Rise in Value-Based Contracts with Pharma Manufacturers4.2.3.2 Big E-Commerce Vendors, Pharmacy Distribution and Reimbursement Market4.2.4 Challenges4.2.4.1 Legal Uncertainty Surrounds the PBM Industry4.3 Trends5 Market Analysis5.1 Porter’s Five Forces Analysis5.2 Impact of COVID-195.3 Ansoff Matrix Analysis6 Global Pharmacy Benefit Manager Software Market, By Type6.1 Introduction6.2 Integrated6.3 Standalone7 Global Pharmacy Benefit Manager Software Market, By Deployment7.1 Introduction7.2 On Cloud7.3 On Premise8 Global Pharmacy Benefit Manager Software Market, By Operation8.1 Benefit Plan Design and Consultation8.2 Drug Formulary Management8.3 Retail Pharmacy Services8.4 Specialty Pharmacy Services.9 Global Pharmacy Benefit Manager Software Market, By Application9.1 Introduction9.2 Hospital Pharmacies9.3 Retail Pharmacies9.4 Online Pharmacies10 Global Pharmacy Benefit Manager Software Market, By End User10.1 Introduction10.2 Government10.3 Insurance Providers10.4 Patient10.5 Pharmacy11 Global Pharmacy Benefit Manager Software Market , By Geography12 Competitive Landscape12.1 Competitive Quadrant12.2 Market Share Analysis12.3 Competitive Scenario12.3.1 Mergers & Acquisitions12.3.2 Agreement, Collaborations, & Partnerships12.3.3 New Product Launches & Enhancements12.3.4 Investments & Funding13 Company Profiles13.1 BC/BS13.2 Benecard Services, LLC13.3 BioScrip, Inc.13.4 Cachet13.5 CaptureRx13.6 Catamaran Corporation13.7 Change Healthcare13.8 CVS Caremark13.9 CVS Health Corporation13.10 DST Systems, Inc.13.11 Express Scripts Holding Company13.12 Humana Pharmacy Solutions13.13 Magellan Health13.14 Medimpact Healthcare13.15 OptumRx (UnitedHealth)13.16 Prime Therapeutics13.17 ProCare Rx.13.18 Rite Aid Corp.13.19 Sea Rainbow13.20 UnitedHealth Group13.21 Vidalink13.22 xpress Scripts Holding Company For more information about this report visit https://www.researchandmarkets.com/r/645hh1 CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood, Senior Press Manager [email protected] 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

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