Pharmacy Benefit Management Market Growth Forecast at 6.14% CAGR to 2021 | ReportsnReports

PUNE, India, December 18, 2017 /PRNewswire/ --

Global pharmacy benefit management market report 2017-2021 provides forecast and analysis of the Global pharmacy benefit management on global and regional level. The report provides historic data with forecast from 2017 to 2021 based on volume and revenue.

Get complete report on Pharmacy Benefit Management Market spread across 119 pages, analyzing 21 major companies and providing 79 data exhibits now available at http://www.reportsnreports.com/reports/1256903-global-pharmacy-benefit-management-market-2017-2021.html .

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

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Key players in the global pharmacy benefit management market: Aetna, Cigna, CVS Health, Express Scripts, and UnitedHealth. Other Prominent Vendors in the market are: 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, and Walgreens Boots Alliance. Further, the pharmacy benefit management market 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.