Pharmaceutical Management is one of the fastest growing and rewarding fields of Management Courses.
“Pharmaceutical Management = Pharmaceutical Science + Business Strategies”.
A program that combines the study of basic pharmaceutical sciences with marketing and management studies; and that prepares individuals for careers in pharmaceutical sales, marketing, management, and related fields within the health care industry.
In 2018, the market size of U.S. pharmacy benefit management was marked at USD 368.3 billion. It is expected to expand at a CAGR of 9.2% over the forecast period. The development of the market is totally based upon the increase in expenditure of healthcare. In addition to this, increasing the occurrence of chronic conditions and growing preference for vertical integration within pharmaceutical distribution systems have been augmenting the market in the country.
Some of the key players in the U.S. Pharmacy Benefits Management (PBM) market are CVS Health; Aetna; Express Scripts; Cigna; OptumRx, Inc.; Walgreens Booth Alliance; Med Impact Healthcare Systems, Inc.; Anthem; and Rite Aid. Mergers and Acquisitions are the two main strategies followed by these companies to strengthen their market. For instance, In November 2018, CVS Health and Aetna concluded their merger for a transaction worth USD 69 billion.
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