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Global Pharmacy Benefit Management (PBM) Market Size, Manufacturers, Supply Chain, Sales Channel and Clients, 2025-2031
Published Date: June 2025
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Report Code: QYRE-Auto-35Y9063
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Global Pharmacy Benefit Management PBM Market Insights and Forecast to 2028
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Global Pharmacy Benefit Management (PBM) Market Size, Manufacturers, Supply Chain, Sales Channel and Clients, 2025-2031

Code: QYRE-Auto-35Y9063
Report
June 2025
Pages:144
QYResearch
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DESCRIPTION
TABLE OF CONTENT
TABLES & FIGURES
FEATURED COMPANIES
CVS Health (CVS)
OptumRx (UnitedHealth)
Humana Pharmacy Solutions
Prime Therapeutics
Medimpact Healthcare
Magellan Health
BC/BS
Vidalink
Sea Rainbow
Cachet
CRHMS
Express Scripts

Pharmacy Benefit Management (PBM) Market Size

In 2024, the global market size of Pharmacy Benefit Management (PBM) was estimated to be worth US$ 515320 million and is forecast to reach approximately US$ 755530 million by 2031 with a CAGR of 5.7% during the forecast period 2025-2031.

Pharmacy Benefit Management (PBM) Market

Pharmacy Benefit Management (PBM) Market

The term pharmacy benefit management (PBM) industry refers to a group of companies that serve as the middlemen between insurance companies, pharmacies, and drug manufacturers. PBMs are responsible for securing lower drug costs for insurers and insurance companies. They accomplish this by negotiating with pharmacies and drug manufacturers. The discounts are then passed onto insurance companies. Profits are generated through the slight up-charging of drugs or retaining portions of rebates.
Market Driver:
The Pharmacy Benefit Management (PBM) market is driven by the rising demand for cost-effective prescription drug management amid increasing healthcare expenditures. As drug prices continue to rise, PBMs play a crucial role in negotiating discounts, managing formularies, and implementing cost-containment strategies to make medications more affordable for insurers, employers, and patients. The growing prevalence of chronic diseases such as diabetes and cardiovascular disorders has also increased prescription drug usage, further boosting the need for PBM services. Additionally, advancements in digital health technologies, including electronic prior authorization and AI-driven drug utilization review, are enhancing PBM efficiency and expanding market opportunities.
Market Challenge:
Despite its benefits, the PBM market faces challenges related to pricing transparency and regulatory scrutiny. Many stakeholders, including policymakers and consumers, criticize PBMs for a lack of transparency in drug pricing and rebate structures, leading to concerns about whether cost savings are fully passed on to patients. Regulatory pressures are also increasing, with governments implementing reforms to ensure fair pricing practices and limit excessive profit margins. Additionally, growing competition from integrated healthcare models—where insurers and pharmacies establish their own PBM services—poses a threat to traditional PBM companies, potentially reshaping market dynamics.
Top major PBMs maufacturters include Express Scripts, CVS Health, and OptumRx, which comprise 75% of the market. America is enjoying the largest market share of pharmacy benefit management (PBM), with a market share nearly 97%. EU is the second place, enjoying market share nearly 2%.In terms of product, government is the largest segment, with a share over 70%. And in terms of application, the largest application is non-mail pharmacy services, followed by mail-order pharmacy services.

Report Scope

This report aims to provide a comprehensive presentation of the global market for Pharmacy Benefit Management (PBM), with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Pharmacy Benefit Management (PBM).
The Pharmacy Benefit Management (PBM) market size, estimations, and forecasts are provided in terms of and revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. This report segments the global Pharmacy Benefit Management (PBM) market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Pharmacy Benefit Management (PBM) companies, new entrants, and industry chain related companies in this market with information on the revenues for the overall market and the sub-segments across the different segments, by company, product type, application, and regions.
Market Segmentation

Scope of Pharmacy Benefit Management (PBM) Market Report

Report Metric Details
Report Name Pharmacy Benefit Management (PBM) Market
CAGR 5.7%
Segment by Type
  • Government
  • Non-Government
Segment by Application
  • Mail-order Pharmacy Services
  • Non-mail Pharmacy Services
By Region
  • North America (United States, Canada)
  • Europe (Germany, France, UK, Italy, Russia) Rest of Europe
  • Nordic Countries
  • 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 CVS Health (CVS), Express Scripts, OptumRx (UnitedHealth), Humana Pharmacy Solutions, Prime Therapeutics, Medimpact Healthcare, Magellan Health, BC/BS, Vidalink, Sea Rainbow, Cachet, CRHMS
Forecast units USD million in value
Report coverage Revenue and volume forecast, company share, competitive landscape, growth factors and trends

Chapter Outline

  • Chapter 1: Introduces the report scope of the report, executive summary of different market segments (product type, application, etc), including the market size of each market segment, future development potential, and so on.
  • Chapter 2: Revenue of Pharmacy Benefit Management (PBM) in global and regional level.
  • Chapter 3: Detailed analysis of Pharmacy Benefit Management (PBM) company competitive landscape, revenue, market share and industry ranking, latest development plan, merger, and acquisition information, etc.
  • Chapter 4: Provides profiles of key companies, introducing the basic situation of the main companies in the market in detail, including product descriptions and specifications, Pharmacy Benefit Management (PBM) revenue, gross margin, and recent development, etc.
  • Chapter 5: Provides the analysis of various market segments by Type, covering the revenue, and development potential of each market segment, to help readers find the blue ocean market in different market segments.
  • Chapter 6: Provides the analysis of various market segments by Application, covering the revenue, and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
  • Chapter 7: North America (US & Canada) by Type, by Application and by country, revenue for each segment.
  • Chapter 8: Europe by Type, by Application and by country, revenue for each segment.
  • Chapter 9: Asia Pacific by Type, by Application and by region, revenue for each segment.
  • Chapter 10: Latin America by Type, by Application and by country, revenue for each segment.
  • Chapter 11: Middle East and Africa, by Type, by Application and by country, revenue for each segment.
  • Chapter 12: Analysis of industrial chain, sales channel, key raw materials, distributors, and customers.
  • Chapter 13: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
  • Chapter 14: Research Findings and Conclusion

FAQ for this report

What is the Express Scripts share in Pharmacy Benefit Management (PBM) Market?

Ans: Top major PBMs maufacturters include Express Scripts, CVS Health, and OptumRx, which comprise 75% of the market.

Who are the main players in the Pharmacy Benefit Management (PBM) Market report?

Ans: The main players in the Pharmacy Benefit Management (PBM) Market are CVS Health (CVS), Express Scripts, OptumRx (UnitedHealth), Humana Pharmacy Solutions, Prime Therapeutics, Medimpact Healthcare, Magellan Health, BC/BS, Vidalink, Sea Rainbow, Cachet, CRHMS

What are the Application segmentation covered in the Pharmacy Benefit Management (PBM) Market report?

Ans: The Applications covered in the Pharmacy Benefit Management (PBM) Market report are Mail-order Pharmacy Services, Non-mail Pharmacy Services

What are the Type segmentation covered in the Pharmacy Benefit Management (PBM) Market report?

Ans: The Types covered in the Pharmacy Benefit Management (PBM) Market report are Government, Non-Government

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1 Study Coverage
1.1 Pharmacy Benefit Management (PBM) Product Introduction
1.2 Market by Type
1.2.1 Global Pharmacy Benefit Management (PBM) Market Size Growth Rate by Type (2020 VS 2024 VS 2031)
1.2.2 Government
1.2.3 Non-Government
1.3 Market by Application
1.3.1 Global Pharmacy Benefit Management (PBM) Market Size Growth Rate by Application (2020 VS 2024 VS 2031)
1.3.2 Mail-order Pharmacy Services
1.3.3 Non-mail Pharmacy Services
1.4 Assumptions and Limitations
1.5 Study Objectives
1.6 Years Considered
2 Executive Summary
2.1 Global Pharmacy Benefit Management (PBM) Market Size Estimates and Forecasts
2.2 Pharmacy Benefit Management (PBM) Market Size by Region: 2024 Versus 2031
2.2.1 Global Pharmacy Benefit Management (PBM) Revenue by Region: 2020-2025
2.2.2 Global Pharmacy Benefit Management (PBM) Revenue Forecast by Region (2026-2031)
2.2.3 Global Pharmacy Benefit Management (PBM) Revenue Market Share by Region (2020-2031)
3 Market Segments
3.1 Breakdown Data by Type
3.1.1 Global Pharmacy Benefit Management (PBM) Revenue by Type (2020-2031)
3.1.2 Global Pharmacy Benefit Management (PBM) Revenue Market Share by Type (2020-2031)
3.2 Breakdown Data by Application
3.2.1 Global Pharmacy Benefit Management (PBM) Revenue by Application (2020-2031)
3.2.2 Global Pharmacy Benefit Management (PBM) Revenue Market Share by Application (2020-2031)
3.3 by Type and by Application Crossing Analysis
3.3.1 Government of Pharmacy Benefit Management (PBM) Revenue Market Share by Application
3.3.2 Non-Government of Pharmacy Benefit Management (PBM) Revenue Market Share by Application
4 Global Pharmacy Benefit Management (PBM) by Company
4.1 Global Pharmacy Benefit Management (PBM) Revenue by Company (2020-2025)
4.2 Global Pharmacy Benefit Management (PBM) Revenue Share by Company (2020-2025)
4.3 Competitive Landscape
4.3.1 Key Pharmacy Benefit Management (PBM) Companies around the World: Ranking by Revenue
4.3.2 Global Pharmacy Benefit Management (PBM) Market Concentration Ratio (CR5 and HHI) & (2020-2025)
4.3.3 Global Pharmacy Benefit Management (PBM) Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
4.4 Global Pharmacy Benefit Management (PBM) Companies Headquarters & Product Type
4.4.1 Global Pharmacy Benefit Management (PBM) Companies Headquarters
4.4.2 Date of International Companies Enter into Pharmacy Benefit Management (PBM) Market
4.4.3 Global Pharmacy Benefit Management (PBM) Companies Product & Service
4.4.4 Government Revenue Market Share of Pharmacy Benefit Management (PBM) by Company
4.4.5 Non-Government Revenue Market Share of Pharmacy Benefit Management (PBM) by Company
4.5 Global Pharmacy Benefit Management (PBM) Mergers & Acquisitions, Expansion Plans
5 Company Profiles
5.1 CVS Health (CVS)
5.1.1 CVS Health (CVS) Corporation Information
5.1.2 CVS Health (CVS) Description, Business Overview
5.1.3 CVS Health (CVS) Pharmacy Benefit Management (PBM) Products Offered
5.1.4 CVS Health (CVS) Pharmacy Benefit Management (PBM) Revenue and Gross Margin (2020-2025)
5.1.5 CVS Health (CVS) Pharmacy Benefit Management (PBM) Revenue by Product in 2024
5.1.6 CVS Health (CVS) Pharmacy Benefit Management (PBM) Revenue by Application in 2024
5.1.7 CVS Health (CVS) Pharmacy Benefit Management (PBM) Revenue by Geographic Area in 2024
5.1.8 CVS Health (CVS) Recent Developments
5.2 Express Scripts
5.2.1 Express Scripts Corporation Information
5.2.2 Express Scripts Description, Business Overview
5.2.3 Express Scripts Pharmacy Benefit Management (PBM) Products Offered
5.2.4 Express Scripts Pharmacy Benefit Management (PBM) Revenue and Gross Margin (2020-2025)
5.2.5 Express Scripts Pharmacy Benefit Management (PBM) Revenue by Product in 2024
5.2.6 Express Scripts Pharmacy Benefit Management (PBM) Revenue by Application in 2024
5.2.7 Express Scripts Pharmacy Benefit Management (PBM) Revenue by Geographic Area in 2024
5.2.8 Express Scripts Recent Developments
5.3 OptumRx (UnitedHealth)
5.3.1 OptumRx (UnitedHealth) Corporation Information
5.3.2 OptumRx (UnitedHealth) Description, Business Overview
5.3.3 OptumRx (UnitedHealth) Pharmacy Benefit Management (PBM) Products Offered
5.3.4 OptumRx (UnitedHealth) Pharmacy Benefit Management (PBM) Revenue and Gross Margin (2020-2025)
5.3.5 OptumRx (UnitedHealth) Pharmacy Benefit Management (PBM) Revenue by Product in 2024
5.3.6 OptumRx (UnitedHealth) Pharmacy Benefit Management (PBM) Revenue by Application in 2024
5.3.7 OptumRx (UnitedHealth) Pharmacy Benefit Management (PBM) Revenue by Geographic Area in 2024
5.3.8 OptumRx (UnitedHealth) Recent Developments
5.4 Humana Pharmacy Solutions
5.4.1 Humana Pharmacy Solutions Corporation Information
5.4.2 Humana Pharmacy Solutions Description, Business Overview
5.4.3 Humana Pharmacy Solutions Pharmacy Benefit Management (PBM) Products Offered
5.4.4 Humana Pharmacy Solutions Pharmacy Benefit Management (PBM) Revenue and Gross Margin (2020-2025)
5.4.5 Humana Pharmacy Solutions Pharmacy Benefit Management (PBM) Revenue by Product in 2024
5.4.6 Humana Pharmacy Solutions Pharmacy Benefit Management (PBM) Revenue by Application in 2024
5.4.7 Humana Pharmacy Solutions Pharmacy Benefit Management (PBM) Revenue by Geographic Area in 2024
5.4.8 Humana Pharmacy Solutions Recent Developments
5.5 Prime Therapeutics
5.5.1 Prime Therapeutics Corporation Information
5.5.2 Prime Therapeutics Description, Business Overview
5.5.3 Prime Therapeutics Pharmacy Benefit Management (PBM) Products Offered
5.5.4 Prime Therapeutics Pharmacy Benefit Management (PBM) Revenue and Gross Margin (2020-2025)
5.5.5 Prime Therapeutics Pharmacy Benefit Management (PBM) Revenue by Product in 2024
5.5.6 Prime Therapeutics Pharmacy Benefit Management (PBM) Revenue by Application in 2024
5.5.7 Prime Therapeutics Pharmacy Benefit Management (PBM) Revenue by Geographic Area in 2024
5.5.8 Prime Therapeutics Recent Developments
5.6 Medimpact Healthcare
5.6.1 Medimpact Healthcare Corporation Information
5.6.2 Medimpact Healthcare Description, Business Overview
5.6.3 Medimpact Healthcare Pharmacy Benefit Management (PBM) Products Offered
5.6.4 Medimpact Healthcare Pharmacy Benefit Management (PBM) Revenue and Gross Margin (2020-2025)
5.6.5 Medimpact Healthcare Pharmacy Benefit Management (PBM) Revenue by Product in 2024
5.6.6 Medimpact Healthcare Pharmacy Benefit Management (PBM) Revenue by Application in 2024
5.6.7 Medimpact Healthcare Pharmacy Benefit Management (PBM) Revenue by Geographic Area in 2024
5.6.8 Medimpact Healthcare Recent Developments
5.7 Magellan Health
5.7.1 Magellan Health Corporation Information
5.7.2 Magellan Health Description, Business Overview
5.7.3 Magellan Health Pharmacy Benefit Management (PBM) Products Offered
5.7.4 Magellan Health Pharmacy Benefit Management (PBM) Revenue and Gross Margin (2020-2025)
5.7.5 Magellan Health Pharmacy Benefit Management (PBM) Revenue by Product in 2024
5.7.6 Magellan Health Pharmacy Benefit Management (PBM) Revenue by Application in 2024
5.7.7 Magellan Health Pharmacy Benefit Management (PBM) Revenue by Geographic Area in 2024
5.7.8 Magellan Health Recent Developments
5.8 BC/BS
5.8.1 BC/BS Corporation Information
5.8.2 BC/BS Description, Business Overview
5.8.3 BC/BS Pharmacy Benefit Management (PBM) Products Offered
5.8.4 BC/BS Pharmacy Benefit Management (PBM) Revenue and Gross Margin (2020-2025)
5.8.5 BC/BS Pharmacy Benefit Management (PBM) Revenue by Product in 2024
5.8.6 BC/BS Pharmacy Benefit Management (PBM) Revenue by Application in 2024
5.8.7 BC/BS Pharmacy Benefit Management (PBM) Revenue by Geographic Area in 2024
5.8.8 BC/BS Recent Developments
5.9 Vidalink
5.9.1 Vidalink Corporation Information
5.9.2 Vidalink Description, Business Overview
5.9.3 Vidalink Pharmacy Benefit Management (PBM) Products Offered
5.9.4 Vidalink Pharmacy Benefit Management (PBM) Revenue and Gross Margin (2020-2025)
5.9.5 Vidalink Pharmacy Benefit Management (PBM) Revenue by Product in 2024
5.9.6 Vidalink Pharmacy Benefit Management (PBM) Revenue by Application in 2024
5.9.7 Vidalink Pharmacy Benefit Management (PBM) Revenue by Geographic Area in 2024
5.9.8 Vidalink Recent Developments
5.10 Sea Rainbow
5.10.1 Sea Rainbow Corporation Information
5.10.2 Sea Rainbow Description, Business Overview
5.10.3 Sea Rainbow Pharmacy Benefit Management (PBM) Products Offered
5.10.4 Sea Rainbow Pharmacy Benefit Management (PBM) Revenue and Gross Margin (2020-2025)
5.10.5 Sea Rainbow Pharmacy Benefit Management (PBM) Revenue by Product in 2024
5.10.6 Sea Rainbow Pharmacy Benefit Management (PBM) Revenue by Application in 2024
5.10.7 Sea Rainbow Pharmacy Benefit Management (PBM) Revenue by Geographic Area in 2024
5.10.8 Sea Rainbow Recent Developments
5.11 Cachet
5.11.1 Cachet Corporation Information
5.11.2 Cachet Description, Business Overview
5.11.3 Cachet Pharmacy Benefit Management (PBM) Products Offered
5.11.4 Cachet Pharmacy Benefit Management (PBM) Revenue and Gross Margin (2020-2025)
5.11.5 Cachet Pharmacy Benefit Management (PBM) Revenue by Product in 2024
5.11.6 Cachet Pharmacy Benefit Management (PBM) Revenue by Application in 2024
5.11.7 Cachet Pharmacy Benefit Management (PBM) Revenue by Geographic Area in 2024
5.11.8 Cachet Recent Developments
5.12 CRHMS
5.12.1 CRHMS Corporation Information
5.12.2 CRHMS Description, Business Overview
5.12.3 CRHMS Pharmacy Benefit Management (PBM) Products Offered
5.12.4 CRHMS Pharmacy Benefit Management (PBM) Revenue and Gross Margin (2020-2025)
5.12.5 CRHMS Pharmacy Benefit Management (PBM) Revenue by Product in 2024
5.12.6 CRHMS Pharmacy Benefit Management (PBM) Revenue by Application in 2024
5.12.7 CRHMS Pharmacy Benefit Management (PBM) Revenue by Geographic Area in 2024
5.12.8 CRHMS Recent Developments
6 North America
6.1 North America Pharmacy Benefit Management (PBM) Market Size YoY Growth 2020-2031
6.2 North America Pharmacy Benefit Management (PBM) Market Facts & Figures by Country (2020-2031)
6.3 North America Pharmacy Benefit Management (PBM) Revenue by Type (2020-2025)
6.4 North America Pharmacy Benefit Management (PBM) Revenue by Application (2020-2025)
7 Asia-Pacific
7.1 Asia-Pacific Pharmacy Benefit Management (PBM) Market Size YoY Growth 2020-2031
7.2 Asia-Pacific Pharmacy Benefit Management (PBM) Market Facts & Figures by Region (2020-2031)
7.3 Asia-Pacific Pharmacy Benefit Management (PBM) Revenue by Type (2020-2025)
7.4 Asia-Pacific Pharmacy Benefit Management (PBM) Revenue by Application (2020-2025)
8 Europe
8.1 Europe Pharmacy Benefit Management (PBM) Market Size YoY Growth 2020-2031
8.2 Europe Pharmacy Benefit Management (PBM) Market Facts & Figures by Country (2020-2031)
8.3 Europe Pharmacy Benefit Management (PBM) Revenue by Type (2020-2025)
8.4 Europe Pharmacy Benefit Management (PBM) Revenue by Application (2020-2025)
9 Latin America
9.1 Latin America Pharmacy Benefit Management (PBM) Market Size YoY Growth 2020-2031
9.2 Latin America Pharmacy Benefit Management (PBM) Market Facts & Figures by Country (2020-2031)
9.3 Latin America Pharmacy Benefit Management (PBM) Revenue by Type (2020-2025)
9.4 Latin America Pharmacy Benefit Management (PBM) Revenue by Application (2020-2025)
10 Middle East and Africa
10.1 Latin America Pharmacy Benefit Management (PBM) Market Size YoY Growth 2020-2031
10.2 Middle East and Africa Pharmacy Benefit Management (PBM) Market Facts & Figures by Country (2020-2031)
10.3 Middle East and Africa Pharmacy Benefit Management (PBM) Revenue by Type (2020-2025)
10.4 Middle East and Africa Pharmacy Benefit Management (PBM) Revenue by Application (2020-2025)
11 Supply Chain and Sales Channel analysis
11.1 Pharmacy Benefit Management (PBM) Supply Chain Analysis
11.2 Pharmacy Benefit Management (PBM) Key Raw Materials and Upstream Suppliers
11.3 Pharmacy Benefit Management (PBM) Clients Analysis
11.4 Pharmacy Benefit Management (PBM) Sales Channel and Sales Model Analysis
11.4.1 Pharmacy Benefit Management (PBM) Distribution Channel Analysis: Indirect Sales VS Direct Sales
11.4.2 Pharmacy Benefit Management (PBM) Distribution Channel Analysis: Online Sales VS Offline Sales
11.4.3 Pharmacy Benefit Management (PBM) Distributors
12 Pharmacy Benefit Management (PBM) Market Dynamics
12.1 Pharmacy Benefit Management (PBM) Industry Trends
12.2 Pharmacy Benefit Management (PBM) Market Drivers
12.3 Pharmacy Benefit Management (PBM) Market Challenges
12.4 Pharmacy Benefit Management (PBM) Market Restraints
13 Research Findings and Conclusion
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.1.1 Research Programs/Design
14.1.1.2 Market Size Estimation
14.1.1.3 Market Breakdown and Data Triangulation
14.1.2 Data Source
14.1.2.1 Secondary Sources
14.1.2.2 Primary Sources
14.2 Author Details
14.3 Disclaimer
FEATURED COMPANIES
CVS Health (CVS)
OptumRx (UnitedHealth)
Humana Pharmacy Solutions
Prime Therapeutics
Medimpact Healthcare
Magellan Health
BC/BS
Vidalink
Sea Rainbow
Cachet
CRHMS
Express Scripts
List of Tables
 Table 1. Global Pharmacy Benefit Management (PBM) Market Size Growth Rate (CAGR) by Type (US$ Million): 2020 VS 2024 VS 2031
 Table 2. Global Pharmacy Benefit Management (PBM) Market Size Growth by Application (US$ Million): 2020 VS 2024 VS 2031
 Table 3. Global Pharmacy Benefit Management (PBM) Market Size by Region (US$ Million): 2024 VS 2031
 Table 4. Global Pharmacy Benefit Management (PBM) Revenue by Region (2020-2025) & (US$ Million)
 Table 5. Global Pharmacy Benefit Management (PBM) Revenue Forecast by Region (2026-2031) & (US$ Million)
 Table 6. Global Pharmacy Benefit Management (PBM) Revenue by Type (2020-2025) & (US$ Million)
 Table 7. Global Pharmacy Benefit Management (PBM) Revenue Forecast by Type (2026-2031) & (US$ Million)
 Table 8. Global Pharmacy Benefit Management (PBM) Revenue by Application (2020-2025) & (US$ Million)
 Table 9. Global Pharmacy Benefit Management (PBM) Revenue Forecast by Application (2026-2031) & (US$ Million)
 Table 10. Pharmacy Benefit Management (PBM) Revenue by Company (2020-2025) & (US$ Million)
 Table 11. Pharmacy Benefit Management (PBM) Revenue Share by Company (2020-2025)
 Table 12. Ranking of Global Top Pharmacy Benefit Management (PBM) Players by Revenue (US$ Million) in 2024
 Table 13. Global Pharmacy Benefit Management (PBM) Companies Market Concentration Ratio (CR5 and HHI) & (2020-2025)
 Table 14. Global Pharmacy Benefit Management (PBM) by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Pharmacy Benefit Management (PBM) as of 2024)
 Table 15. Global Pharmacy Benefit Management (PBM) Companies Headquarters
 Table 16. Date of International Companies Enter into Pharmacy Benefit Management (PBM) Market
 Table 17. Global Pharmacy Benefit Management (PBM) Companies Product & Service
 Table 18. Global Pharmacy Benefit Management (PBM) Mergers & Acquisitions, Expansion Plans
 Table 19. CVS Health (CVS) Corporation Information
 Table 20. CVS Health (CVS) Description and Business Overview
 Table 21. CVS Health (CVS) Pharmacy Benefit Management (PBM) Product
 Table 22. CVS Health (CVS) Pharmacy Benefit Management (PBM) Revenue (US$ Million) and Gross Margin (2020-2025)
 Table 23. CVS Health (CVS) Revenue Proportion of Pharmacy Benefit Management (PBM) by Product in 2024
 Table 24. CVS Health (CVS) Revenue Proportion of Pharmacy Benefit Management (PBM) by Application in 2024
 Table 25. CVS Health (CVS) Revenue Proportion of Pharmacy Benefit Management (PBM) by Geographic Area in 2024
 Table 26. CVS Health (CVS) Recent Developments
 Table 27. Express Scripts Corporation Information
 Table 28. Express Scripts Description and Business Overview
 Table 29. Express Scripts Pharmacy Benefit Management (PBM) Product
 Table 30. Express Scripts Pharmacy Benefit Management (PBM) Revenue (US$ Million) and Gross Margin (2020-2025)
 Table 31. Express Scripts Revenue Proportion of Pharmacy Benefit Management (PBM) by Product in 2024
 Table 32. Express Scripts Revenue Proportion of Pharmacy Benefit Management (PBM) by Application in 2024
 Table 33. Express Scripts Revenue Proportion of Pharmacy Benefit Management (PBM) by Geographic Area in 2024
 Table 34. Express Scripts Recent Developments
 Table 35. OptumRx (UnitedHealth) Corporation Information
 Table 36. OptumRx (UnitedHealth) Description and Business Overview
 Table 37. OptumRx (UnitedHealth) Pharmacy Benefit Management (PBM) Product
 Table 38. OptumRx (UnitedHealth) Pharmacy Benefit Management (PBM) Revenue (US$ Million) and Gross Margin (2020-2025)
 Table 39. OptumRx (UnitedHealth) Revenue Proportion of Pharmacy Benefit Management (PBM) by Product in 2024
 Table 40. OptumRx (UnitedHealth) Revenue Proportion of Pharmacy Benefit Management (PBM) by Application in 2024
 Table 41. OptumRx (UnitedHealth) Revenue Proportion of Pharmacy Benefit Management (PBM) by Geographic Area in 2024
 Table 42. OptumRx (UnitedHealth) Recent Developments
 Table 43. Humana Pharmacy Solutions Corporation Information
 Table 44. Humana Pharmacy Solutions Description and Business Overview
 Table 45. Humana Pharmacy Solutions Pharmacy Benefit Management (PBM) Product
 Table 46. Humana Pharmacy Solutions Pharmacy Benefit Management (PBM) Revenue (US$ Million) and Gross Margin (2020-2025)
 Table 47. Humana Pharmacy Solutions Revenue Proportion of Pharmacy Benefit Management (PBM) by Product in 2024
 Table 48. Humana Pharmacy Solutions Revenue Proportion of Pharmacy Benefit Management (PBM) by Application in 2024
 Table 49. Humana Pharmacy Solutions Revenue Proportion of Pharmacy Benefit Management (PBM) by Geographic Area in 2024
 Table 50. Humana Pharmacy Solutions Recent Developments
 Table 51. Prime Therapeutics Corporation Information
 Table 52. Prime Therapeutics Description and Business Overview
 Table 53. Prime Therapeutics Pharmacy Benefit Management (PBM) Product
 Table 54. Prime Therapeutics Pharmacy Benefit Management (PBM) Revenue (US$ Million) and Gross Margin (2020-2025)
 Table 55. Prime Therapeutics Revenue Proportion of Pharmacy Benefit Management (PBM) by Product in 2024
 Table 56. Prime Therapeutics Revenue Proportion of Pharmacy Benefit Management (PBM) by Application in 2024
 Table 57. Prime Therapeutics Revenue Proportion of Pharmacy Benefit Management (PBM) by Geographic Area in 2024
 Table 58. Prime Therapeutics Recent Developments
 Table 59. Medimpact Healthcare Corporation Information
 Table 60. Medimpact Healthcare Description and Business Overview
 Table 61. Medimpact Healthcare Pharmacy Benefit Management (PBM) Product
 Table 62. Medimpact Healthcare Pharmacy Benefit Management (PBM) Revenue (US$ Million) and Gross Margin (2020-2025)
 Table 63. Medimpact Healthcare Revenue Proportion of Pharmacy Benefit Management (PBM) by Product in 2024
 Table 64. Medimpact Healthcare Revenue Proportion of Pharmacy Benefit Management (PBM) by Application in 2024
 Table 65. Medimpact Healthcare Revenue Proportion of Pharmacy Benefit Management (PBM) by Geographic Area in 2024
 Table 66. Medimpact Healthcare Recent Developments
 Table 67. Magellan Health Corporation Information
 Table 68. Magellan Health Description and Business Overview
 Table 69. Magellan Health Pharmacy Benefit Management (PBM) Product
 Table 70. Magellan Health Pharmacy Benefit Management (PBM) Revenue (US$ Million) and Gross Margin (2020-2025)
 Table 71. Magellan Health Revenue Proportion of Pharmacy Benefit Management (PBM) by Product in 2024
 Table 72. Magellan Health Revenue Proportion of Pharmacy Benefit Management (PBM) by Application in 2024
 Table 73. Magellan Health Revenue Proportion of Pharmacy Benefit Management (PBM) by Geographic Area in 2024
 Table 74. Magellan Health Recent Developments
 Table 75. BC/BS Corporation Information
 Table 76. BC/BS Description and Business Overview
 Table 77. BC/BS Pharmacy Benefit Management (PBM) Product
 Table 78. BC/BS Pharmacy Benefit Management (PBM) Revenue (US$ Million) and Gross Margin (2020-2025)
 Table 79. BC/BS Revenue Proportion of Pharmacy Benefit Management (PBM) by Product in 2024
 Table 80. BC/BS Revenue Proportion of Pharmacy Benefit Management (PBM) by Application in 2024
 Table 81. BC/BS Revenue Proportion of Pharmacy Benefit Management (PBM) by Geographic Area in 2024
 Table 82. BC/BS Recent Developments
 Table 83. Vidalink Corporation Information
 Table 84. Vidalink Description and Business Overview
 Table 85. Vidalink Pharmacy Benefit Management (PBM) Product
 Table 86. Vidalink Pharmacy Benefit Management (PBM) Revenue (US$ Million) and Gross Margin (2020-2025)
 Table 87. Vidalink Revenue Proportion of Pharmacy Benefit Management (PBM) by Product in 2024
 Table 88. Vidalink Revenue Proportion of Pharmacy Benefit Management (PBM) by Application in 2024
 Table 89. Vidalink Revenue Proportion of Pharmacy Benefit Management (PBM) by Geographic Area in 2024
 Table 90. Vidalink Recent Developments
 Table 91. Sea Rainbow Corporation Information
 Table 92. Sea Rainbow Description and Business Overview
 Table 93. Sea Rainbow Pharmacy Benefit Management (PBM) Product
 Table 94. Sea Rainbow Pharmacy Benefit Management (PBM) Revenue (US$ Million) and Gross Margin (2020-2025)
 Table 95. Sea Rainbow Revenue Proportion of Pharmacy Benefit Management (PBM) by Product in 2024
 Table 96. Sea Rainbow Revenue Proportion of Pharmacy Benefit Management (PBM) by Application in 2024
 Table 97. Sea Rainbow Revenue Proportion of Pharmacy Benefit Management (PBM) by Geographic Area in 2024
 Table 98. Sea Rainbow Recent Developments
 Table 99. Cachet Corporation Information
 Table 100. Cachet Description and Business Overview
 Table 101. Cachet Pharmacy Benefit Management (PBM) Product
 Table 102. Cachet Pharmacy Benefit Management (PBM) Revenue (US$ Million) and Gross Margin (2020-2025)
 Table 103. Cachet Revenue Proportion of Pharmacy Benefit Management (PBM) by Product in 2024
 Table 104. Cachet Revenue Proportion of Pharmacy Benefit Management (PBM) by Application in 2024
 Table 105. Cachet Revenue Proportion of Pharmacy Benefit Management (PBM) by Geographic Area in 2024
 Table 106. Cachet Recent Developments
 Table 107. CRHMS Corporation Information
 Table 108. CRHMS Description and Business Overview
 Table 109. CRHMS Pharmacy Benefit Management (PBM) Product
 Table 110. CRHMS Pharmacy Benefit Management (PBM) Revenue (US$ Million) and Gross Margin (2020-2025)
 Table 111. CRHMS Revenue Proportion of Pharmacy Benefit Management (PBM) by Product in 2024
 Table 112. CRHMS Revenue Proportion of Pharmacy Benefit Management (PBM) by Application in 2024
 Table 113. CRHMS Revenue Proportion of Pharmacy Benefit Management (PBM) by Geographic Area in 2024
 Table 114. CRHMS Recent Developments
 Table 115. North America Pharmacy Benefit Management (PBM) Revenue by Country (2020-2025) & (US$ Million)
 Table 116. North America Pharmacy Benefit Management (PBM) Revenue by Country (2026-2031) & (US$ Million)
 Table 117. North America Pharmacy Benefit Management (PBM) Revenue by Type (2020-2025) & (US$ Million)
 Table 118. North America Pharmacy Benefit Management (PBM) Revenue by Application (2020-2025) & (US$ Million)
 Table 119. Asia-Pacific Pharmacy Benefit Management (PBM) Revenue by Region (2020-2025) & (US$ Million)
 Table 120. Asia-Pacific Pharmacy Benefit Management (PBM) Revenue by Region (2026-2031) & (US$ Million)
 Table 121. Asia-Pacific Pharmacy Benefit Management (PBM) Revenue by Type (2020-2025) & (US$ Million)
 Table 122. Asia-Pacific Pharmacy Benefit Management (PBM) Revenue by Application (2020-2025) & (US$ Million)
 Table 123. Europe Pharmacy Benefit Management (PBM) Revenue by Country (2020-2025) & (US$ Million)
 Table 124. Europe Pharmacy Benefit Management (PBM) Revenue by Country (2026-2031) & (US$ Million)
 Table 125. Europe Pharmacy Benefit Management (PBM) Revenue by Type (2020-2025) & (US$ Million)
 Table 126. Europe Pharmacy Benefit Management (PBM) Revenue by Application (2020-2025) & (US$ Million)
 Table 127. Latin America Pharmacy Benefit Management (PBM) Revenue by Country (2020-2025) & (US$ Million)
 Table 128. Latin America Pharmacy Benefit Management (PBM) Revenue by Country (2026-2031) & (US$ Million)
 Table 129. Latin America Pharmacy Benefit Management (PBM) Revenue by Type (2020-2025) & (US$ Million)
 Table 130. Latin America Pharmacy Benefit Management (PBM) Revenue by Application (2020-2025) & (US$ Million)
 Table 131. Middle East and Africa Pharmacy Benefit Management (PBM) Revenue by Country (2020-2025) & (US$ Million)
 Table 132. Middle East and Africa Pharmacy Benefit Management (PBM) Revenue by Country (2026-2031) & (US$ Million)
 Table 133. Middle East and Africa Pharmacy Benefit Management (PBM) Revenue by Type (2020-2025) & (US$ Million)
 Table 134. Middle East and Africa Pharmacy Benefit Management (PBM) Revenue by Application (2020-2025) & (US$ Million)
 Table 135. Pharmacy Benefit Management (PBM) Key Raw Materials, Industry Status and Trend
 Table 136. Pharmacy Benefit Management (PBM) Key Raw Materials and Upstream Suppliers
 Table 137. Pharmacy Benefit Management (PBM) Clients Status and Trend
 Table 138. Pharmacy Benefit Management (PBM) Typical Clients
 Table 139. Pharmacy Benefit Management (PBM) Distributors
 Table 140. Pharmacy Benefit Management (PBM) Market Trends
 Table 141. Pharmacy Benefit Management (PBM) Market Drivers
 Table 142. Pharmacy Benefit Management (PBM) Market Challenges
 Table 143. Pharmacy Benefit Management (PBM) Market Restraints
 Table 144. Research Programs/Design for This Report
 Table 145. Key Data Information from Secondary Sources
 Table 146. Key Data Information from Primary Sources


List of Figures
 Figure 1. Pharmacy Benefit Management (PBM) Product Picture
 Figure 2. Global Pharmacy Benefit Management (PBM) Market Size by Type (US$ Million): 2020 VS 2024 VS 2031
 Figure 3. Global Pharmacy Benefit Management (PBM) Revenue Market Share by Type in 2024 & 2031
 Figure 4. Government Product Picture
 Figure 5. Non-Government Product Picture
 Figure 6. Global Pharmacy Benefit Management (PBM) Market Size by Application (US$ Million): 2020 VS 2024 VS 2031
 Figure 7. Global Pharmacy Benefit Management (PBM) Revenue Market Share by Application in 2024 & 2031
 Figure 8. Mail-order Pharmacy Services
 Figure 9. Non-mail Pharmacy Services
 Figure 10. Pharmacy Benefit Management (PBM) Report Years Considered
 Figure 11. Global Pharmacy Benefit Management (PBM) Revenue, (US$ Million), 2020 VS 2024 VS 2031
 Figure 12. Global Pharmacy Benefit Management (PBM) Market Size (2020-2031) & (US$ Million)
 Figure 13. Global Pharmacy Benefit Management (PBM) Market Size Market Share by Region: 2024 Versus 2031
 Figure 14. Global Pharmacy Benefit Management (PBM) Revenue Market Share by Region (2020-2031)
 Figure 15. Global Pharmacy Benefit Management (PBM) Revenue Market Share Forecast by Type (2020-2031)
 Figure 16. Global Pharmacy Benefit Management (PBM) Revenue Market Share Forecast by Application (2020-2031)
 Figure 17. Government of Pharmacy Benefit Management (PBM) Revenue Market Share by Application, 2024 VS 2031
 Figure 18. Non-Government of Pharmacy Benefit Management (PBM) Revenue Market Share by Application, 2024 VS 2031
 Figure 19. Pharmacy Benefit Management (PBM) Revenue Share by Company (2024)
 Figure 20. Pharmacy Benefit Management (PBM) Market Share by Company Type (Tier 1, Tier 2, and Tier 3): 2020 VS 2024
 Figure 21. Government Revenue Proportion by Company in 2024
 Figure 22. Non-Government Revenue Proportion by Company in 2024
 Figure 23. North America Pharmacy Benefit Management (PBM) Revenue 2020-2031 (US$ Million)
 Figure 24. North America Pharmacy Benefit Management (PBM) Revenue Market Share by Type (2020-2025)
 Figure 25. North America Pharmacy Benefit Management (PBM) Revenue Market Share by Application (2020-2025)
 Figure 26. Asia-Pacific Pharmacy Benefit Management (PBM) Revenue 2020-2031 (US$ Million)
 Figure 27. Asia-Pacific Pharmacy Benefit Management (PBM) Revenue Market Share by Region (2020-2031)
 Figure 28. Asia-Pacific Pharmacy Benefit Management (PBM) Revenue Market Share by Type (2020-2025)
 Figure 29. Asia-Pacific Pharmacy Benefit Management (PBM) Revenue Market Share by Application (2020-2025)
 Figure 30. Europe Pharmacy Benefit Management (PBM) Revenue Growth Rate 2020-2031 (US$ Million)
 Figure 31. Europe Pharmacy Benefit Management (PBM) Revenue Market Share by Country (2020-2031)
 Figure 32. Europe Pharmacy Benefit Management (PBM) Revenue Market Share by Type (2020-2025)
 Figure 33. Europe Pharmacy Benefit Management (PBM) Revenue Market Share by Application (2020-2025)
 Figure 34. Latin America Pharmacy Benefit Management (PBM) Revenue Growth Rate 2020-2031 (US$ Million)
 Figure 35. Latin America Pharmacy Benefit Management (PBM) Revenue Market Share by Country (2020-2031)
 Figure 36. Latin America Pharmacy Benefit Management (PBM) Revenue Market Share by Type (2020-2025)
 Figure 37. Latin America Pharmacy Benefit Management (PBM) Revenue Market Share by Application (2020-2025)
 Figure 38. Middle East and Africa Pharmacy Benefit Management (PBM) Revenue Growth Rate 2020-2031 (US$ Million)
 Figure 39. Middle East and Africa Pharmacy Benefit Management (PBM) Revenue Market Share by Country (2020-2031)
 Figure 40. Middle East and Africa Pharmacy Benefit Management (PBM) Revenue Market Share by Type (2020-2025)
 Figure 41. Middle East and Africa Pharmacy Benefit Management (PBM) Revenue Market Share by Application (2020-2025)
 Figure 42. Pharmacy Benefit Management (PBM) Supply Chain (Upstream and Downstream Market)
 Figure 43. Global Production Market Share of Pharmacy Benefit Management (PBM) Raw Materials by Region in 2024
 Figure 44. Pharmacy Benefit Management (PBM) Distribution Channels
 Figure 45. Global Pharmacy Benefit Management (PBM) Percentage 2020-2031: Indirect Sales VS Direct Sales
 Figure 46. Global Pharmacy Benefit Management (PBM) Percentage 2020-2031: Online Sales VS Offline Sales
 Figure 47. Bottom-up and Top-down Approaches for This Report
 Figure 48. Data Triangulation
 Figure 49. Key Executives Interviewed
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