In recent years, the pharmaceutical industry has seen an increased demand for life-saving drugs, resulting in an increase in demand for pharmacy benefit management in several regions. Pharmacy benefit management enables patients all over the world to have timely and appropriate access to critical medications. The rising demand for prescription drugs around the world has resulted in an increase in the need for pharmacy benefit management, which is expected to propel the market forward during the forecast period. The lack of adoption of pharmacy benefit management in developing countries, on the other hand, is expected to stifle the market's growth.
The Pharmacy Benefit Management Market is divided into service, business model, end user, and region segments. The market is divided into four service categories: specialty pharmacy services, drug formulary management, benefit plan design & consultation, and other services. It is classified into three types based on the business model: government health programmes, employer-sponsored programmes, and health insurance management. It is divided into pharmacy benefit management organisations, mail order pharmacies, retail pharmacies, inpatient pharmacies, and outpatient pharmacies based on end user. Inpatient care is further subdivided into acute care and long-term care facilities. Outpatient care is divided into two categories: outpatient clinics and hospital retail settings. The market is divided into four regions: North America (the United States, Canada, and Mexico), Europe (Germany, France, Italy, Spain, the United Kingdom, and the rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, and the rest of Asia-Pacific), and Latin America (LAMEA) (Brazil, Saudi Arabia, South Africa and rest of LAMEA).
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