MarketResearchReports.Biz
announces addition of new report"At
7.1% CAGR, U.S. Pharmacy Benefit Manager (PBM) Market Poised for
Steady Growth"to
its database.
Albany,
New York, December 29, 2015: ‘Pharmacy
Benefit Manager (PBM) Market
in the US 2015-2019’, a new report that is now available on
MarketResearchReports.biz, extensively covers the current scenario
and growth prospects of the market with a focus on the United States.
The recent healthcare reforms enacted by the American government have
led to a greater demand for PBMs. The report expects that the United
States pharmacy benefit manager market will register a 7.16% CAGR
between 2014 and 2019.
Pharmacy
benefit managers manage tasks related to the processing of
prescriptions for insurance companies and other ancillary
corporations. While the role of PBMs was previously limited to
negotiating contracts with drug manufacturers and pharmacies to avail
a rebate on drug prices, their role has evolved remarkably against
the backdrop of several regulatory changes that have reshaped the
healthcare industry in the United States. Pharmacy benefit managers
now find themselves increasingly taking over negotiations and details
related to drug benefit aspects of healthcare plans in the United
States. Considering the immense regulatory pressure on hospitals and
healthcare institutions to curb costs – a scenario that is only
worsened by increasing drug prices and healthcare services, the role
of PBMs has become important. PBMs, in their capacity as an
intermediary between healthcare entities and the payer, help achieve
the desired balance.
Pharmacy
benefit managers generate revenue by charging service fees for large
contracts, especially where they are carrying out activities such as
processing prescriptions, operating mail-order pharmacies, and
conducting negotiations with pharmacies and drug manufacturers.
While
the need to curb healthcare costs and expenses will be a high-impact
driver for the PBM market, the report also states that criticisms of
the role of PBMs will likely impede the growth of the market.
The
key vendors that have been profiled in the report on the pharmacy
benefit managers market include: Catamaran, OptumRx, Express Scripts,
CVS Health (CVS Caremark), and Prime Therapeutics. The other
prominent vendors that have a firm footing in U.S. PBM market are:
Medlmpact, Argus Health Systems, Centene, Aetna, and Humana.
In
addition to covering the current scenario that prevails in the U.S.
PBM market for the forecast period from 2015 to 2019, the report also
calculates the market size and presents revenue generated by leading
pharmacy benefit managers mentioned above. The report offers a
complete overview of the pharmacy benefit manager market by including
inputs from industry experts and drawing data from industry-leading
databases. The report covers the U.S. competitive landscape of the
pharmacy benefit manager market in detail through a detailed
discussion on the leading vendors within this market.
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Tel:
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