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| The US Pharmacy Benefit Management Market to Reach $680 Billion by 2029, Growing at a CAGR of 5.56% - Focus Insight Report by Arizton | ||||||||||||||
| By: PR Newswire Association LLC. - 13 Mar 2024 | Back to overview list |
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CHICAGO, March 13, 2024 /PRNewswire/ -- According to the latest research report, the US pharmacy benefit management market is growing at a CAGR of 5.56% during 2023-2029.
To Know More, Click: https://www.focusreports.store/report/us-pharmacy-benefit-management-market-focused-insights The U.S. Pharmacy Benefit Management Market Report Scope
The US is the largest global pharmacy benefit management market revenue contributor. The demand for the pharmacy benefit management market is rising due to multiple factors, including the rising baby boomers, the rising aging population, the increase in healthcare expenditure, the growing prevalence of heart diseases and nerve disorders, and the growing awareness among the general population. In 2023, the commercial health plans segment by health plans dominated the pharmacy benefit management market with 57.81% occupancy and is expected to grow at a CAGR of 5.29% during the forecast period as the commercial health plans are associated with the number of healthcare organizations. The Medicare plan segment is the fastest-growing segment and is expected to generate a revenue of $225.32 billion by the end of the forecasting period. The south region dominated the segment with 29.66% in 2023 and is expected to occupy 30.65% by the end of the forecasting year. This region is the fastest growing, with an absolute growth of 43.02% and incremental growth of $62.76 billion during the forecast period. It is observed that southern states have the highest number of adults who skip care due to the cost and some of the highest rates of uninsured people. Kentucky, West Virginia, Virginia, and Louisiana are the top states with a high percentage of insurers among the southern states in the US. It is observed that 90% of the total population is insured by government or non-government firms. The U.S. pharmacy benefit management (PBM) market report includes exclusive data on 27 vendors. CVS Health, Cigna Healthcare, United Health Group, Prime Therapeutics, MedImpact, and Humana dominate the U.S. Pharmacy Benefit Management market. The major players focus on strategic acquisitions and collaborations with emerging players to enter the pharmacy benefit management market and gain a competitive advantage. Product Segmentation & Forecast Health Plan
Business Model
Service
Region
Buy this Research @ https://www.focusreports.store/report/us-pharmacy-benefit-management-market-focused-insights Vendors List Key Vendors
Other Prominent Vendors
Key Questions Answered in the Report How big is the U.S. pharmacy benefit management market? What is the growth rate of the U.S. pharmacy benefit management market? Who are the dominating players in the U.S. pharmacy benefit management market? Table of Content CHAPTER – 1: Pharmacy Benefit Management Market Overview
CHAPTER – 2: Pharmacy Benefit Management Market
CHAPTER – 3: Pharmacy Benefit Management Market Segmentation Data • US: Projected Revenue by Health Plan (2020-2029; $Billions) • Commercial Health Plans • Medicare Plan • Medicaid Plan • Others • U.S.: Projected Revenue by Business Model (2020-2029; $Billions) • Insurance Companies & Retail Pharmacies • Pure Play PBMs • US: Projected Revenue by Services (2020-2029; $Billions) • Special Pharmacy Services • Retail Pharmacy Networks • Mail-Order Pharmacy Services • Claims Processing • Formulary Management • Drug Utilization Review • Price, Discount & Rebate Negotiations • Disease Management and Adherence Initiatives • U.S.: Projected Revenue by Region (2020-2029; $Billions) • South Region • Mid-West Region • West Region • Northeast Region CHAPTER – 4: Pharmacy Benefit Management Market Prospects & Opportunities
CHAPTER – 5: Pharmacy Benefit Management Industry Overview
CHAPTER – 6: Appendix
Check Out Some of the Related Reports U.S. Sleep Disorder Clinics Market - Focused Insights 2024-2029 About Focused Reports by Arizton??????????? Welcome to Focused Reports, an esteemed Arizton Advisory & Intelligence subsidiary committed to delivering precise and insightful market research reports across all key geographies. Our unique selling proposition lies in our affordable pricing, accurate data, in-depth research, and presentation-ready reports. With us, expensive market research is a thing of the past. We aim to be strategic, providing valuable data. Focus Reports is where folks come to name their ideas, create a compelling brand and a great-looking website, and attract customers with digital and social marketing.?????????? About Us:?????????????????????????????????????????????????????? Arizton Advisory and Intelligence is an innovative and quality-driven firm that offers cutting-edge research solutions to clients worldwide. We excel in providing comprehensive market intelligence reports and advisory and consulting services.????????????????????????????????????????????????????????? We offer comprehensive market research reports on consumer goods & retail technology, automotive and mobility, smart tech, healthcare, life sciences, industrial machinery, chemicals, materials, I.T. and media, logistics, and packaging. These reports contain detailed industry analysis, market size, share, growth drivers, and trend forecasts.?????????????????????????????????????????????????????????? Arizton comprises a team of exuberant and well-experienced analysts who have mastered generating incisive reports. Our specialist analysts possess exemplary skills in market research. We train our team in advanced research practices, techniques, and ethics to outperform in fabricating impregnable research reports.??????????? Contact Us:??????????? Call: +1-312-235-2040?????????????????????????????????????????????????????? Website: https://www.focusreports.store/?????? Photo: https://mma.prnewswire.com/media/2361621/US_Pharmacy_Benefit_Management_Market.jpg
SOURCE Arizton Advisory & Intelligence 
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