Global Pharmacy Benefit Management Services Market Report: Information by Service (Retail pharmacy services, Specialty pharmacy services, Benefit plan design and consultation, Others), End User (Healthcare Providers, Employers)—Global Forecast till 2024

Market Scenario

The global pharmacy benefit management services market is expected to register 5.8% CAGR during the forecast period (2019–2024).

Pharmacy benefit management services help the patient to avail of various medical facilities. It generally helps insurance companies and their beneficiaries in insurance claim procedure and works as a bridge between them. Moreover, it connects employers, members, drug wholesalers, pharmacies, and drug companies to gain the best possible outcome with respect to healthcare claims and other services.

The increasing digitalization, increasing demand for advanced healthcare management systems, rising healthcare expenditure and growing healthcare industry in the emerging economies are expected to drive the growth of the global pharmacy benefit management services market during the forecast period. Moreover, the increasing awareness about health insurance and surge in a number of populations availing insurance are also boosting the growth of the market. According to data published by Agency for healthcare research and quality (AHRQ) in the year 2016, more than 626 health systems were present in the US, and 69.7% hospitals were covered under Compendium of U.S. Health Systems, and 92% of total patients were discharged from system hospitals.

However, lack awareness in underdeveloped economies and issues related to the safety of patient’s data may hamper the growth of the market during the assessment period.

https://www.marketresearchfuture.com/reports/pharmacy-benefit-management-services-market-7845