A pharmacy benefit manager (PBM) is a third-party administrator (TPA) of prescription drug programs for commercial health plans, self-insured employer plans, Medicare Part D plans, the Federal Employees Health Benefits Program (FEHBP), and state government employee plans. As of 2018 they have become industrial behemoths in the US health sector.

Market Analysis and Insights: Global Pharmacy Benefit Manager (PBM) Market
The global Pharmacy Benefit Manager (PBM) market size is projected to reach US$ 523080 million by 2027, from US$ 308520 million in 2020, at a CAGR of 7.4% during 2021-2027.
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Global Pharmacy Benefit Manager (PBM) Scope and Market Size
Pharmacy Benefit Manager (PBM) market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global Pharmacy Benefit Manager (PBM) market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by Type and by Application in terms of revenue and forecast for the period 2016-2027.

Segment by Type
Standalone PBM
Health Insurance Providers
Retail Pharmacy

Segment by Application
Hospital Pharmacies
Retail Pharmacies
Online Pharmacies

By Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Nordic
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA

By Company
Express Scripts Holding Company
Rite Aid
CVS Health Corporation
DST Systems
Benecard Services
BioScrip
ProCare
CaptureRx
Change Healthcare
UnitedHealth Group