Report Description

Global specialty pharmacy market is anticipated to project a robust growth in the forecast period, 2016-2026 with an impressive CAGR value on the account of increasing demand for pharmaceuticals implemented for the cure of rare diseases. Rapidly increasing global population infected and suffering due to rare diseases are further driving the growth of the global specialty pharmacy market in the upcoming five years.

Specialty pharmacies are a form of distribution channel for the pharmaceuticals that are specifically designed to combat rare diseases. These pharmaceutical products are often expensive and require utmost care for its storage and handling conditions. Distribution, administration, or patient management at the specialty pharmacies are quite complex and are driven by the higher cost of drugs. Conditions like cancer, rheumatoid arthritis, hemophilia, hepatitis C, multiple sclerosis, etc. are categorized as rare disease types. The drugs for the treatment or to contain the extreme symptoms of these diseases are available at specialty pharmacies only.

Medication for Rare Diseases Influence Market Growth

Rapidly increasing instances of rare diseases infecting population is anticipated to drive the growth of the global specialty pharmacy market in the upcoming five years. Moreover, rare diseases often target geriatric population. The decreased immunity is a major cause and is expected to further support the growth of the global specialty pharmacy market in the next five years. Moreover, life span of the medication associated with the rare diseases is less and they require extreme storage conditions like refrigerated storages, etc. The demands for such extreme measures for the handling, storage and distribution of the pharmaceuticals is further substantiating the growth of the global specialty pharmacy market in the forecast years, until 2026.

Mergers and Acquisitions Influence Market Growth

Pharmacy Benefit Managers (PBM) and insurers are replenishing the financial aids consistently and driving the growth of the global specialty pharmacy market in the upcoming five years. CVS Specialty under the parent organization, CVS Health is generating more than USD45 billion every year. In fact, top four market players in the United Sates account for more than 75% of the pharmaceutical industry in the country. Along with the financial investments, various mergers and acquisitions have influenced the growth of the global specialty pharmacy market in the recent years.

Some of the largest specialty pharmacies of year 2019 like Diplomat Pharmacy, PANTHERx Rare, and BioPlus Specialty Pharmacy were acquired by UnitedHealth Group, Centene Corporation, CarePathRx Holding Company, LLC, respectively. New market players like Acaria Health and CarePthRx are emerging, and their prevalence is expected to support the future growth of the global specialty pharmacy market in the future five years.

Research and Development to Support Market Growth

Rapidly increasing research and development in the pharmaceutical sector is driving the growth of the global specialty pharmacy market in the upcoming five years. Due to the increasing demand for specialty handling, administration, demand for the specialty pharmacy is increasing and supporting the growth of the global specialty pharmacy market in the next five years.

Market players are incorporating information technology and artificial intelligence along with the specialty pharmacy distribution channel, thereby maintaining records of the requirements and management of the services according to the consumer demands. Healthcare professionals employed by specialty pharmacies provide patient education, help ensure appropriate medication use, promote adherence, and attempt to avoid unnecessary costs. Other support systems coordinate sharing of information among clinicians treating patients and help patients locate resources to provide financial assistance with out-of-pocket expenditures.


Market Segmentation

The global specialty pharmacy market is segmented on the basis of ownership, therapy area, competitional landscape, and regional distribution. Based on ownership, the market is further fragmented into standalone, hospital-based, and others. On the basis of therapy area, the market is bifurcated into cancer, rheumatoid arthritis, hemophilia, hepatitis C, multiple sclerosis, and others. The market analysis also studies the regional segmentation to devise regional market segmentation, divided among Asia-Pacific region, North American region, European region, South American region, and Middle East & African region.

Company Profiles

CVS Health Corporation, Express Scripts Holding Company (Accredo Health Group, Inc), Walgreens Boots Alliance, Inc. (AllianceRx), The Kroger Company, Optum Inc. (Diplomat Pharmacy, Inc.), Humana Specialty Pharmacy, AmerisourceBergen Corporation, AHF Pharmacy, Walmart Inc., BrightSpring Health Services, are among the major market players in the global platform that lead the market growth of the global specialty pharmacy market.

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Attribute

Details

Base Year

2020

Historical Data

2016 – 2019

Estimated Year

2021

Forecast Period

2022 – 2026

Quantitative Units

Revenue in USD Million, Volume in Units, and CAGR for 2016-2020 and 2021-2026

Report Coverage

Revenue forecast, volume forecast, company share, competitive landscape, growth factors, and trends

Segments Covered

  • Ownership
  • Therapy Area

Regional Scope

North America; Europe; Asia Pacific; South America; Middle East & Africa

Country Scope

United States; Mexico; Canada; China; India; Japan; South Korea; Australia; Germany; France; United Kingdom; Spain; Italy; Saudi Arabia; UAE; South Africa; Kuwait; Brazil; Argentina; Colombia

Key Companies Profiled

CVS Health Corporation, Express Scripts Holding Company (Accredo Health Group, Inc), Walgreens Boots Alliance, Inc. (AllianceRx), The Kroger Company, Optum Inc. (Diplomat Pharmacy, Inc.), Humana Specialty Pharmacy, AmerisourceBergen Corporation, AHF Pharmacy, Walmart Inc., BrightSpring Health Services

Customization Scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and Purchase Options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Report Scope:

In this report, global specialty pharmacy market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • Specialty Pharmacy Market, By Ownership:
    • Standalone
    • Hospital-Based
    • Others
  • Specialty Pharmacy Market, By Therapy Area:
    • Cancer
    • Rheumatoid Arthritis
    • Hemophilia
    • Hepatitis C
    • Multiple Sclerosis
    • Others
  • Specialty pharmacy Market, By Region:
    • North America
      • United States
      • Mexico
      • Canada
    • Europe
      • France
      • Germany
      • United Kingdom
      • Italy
      • Spain
    • Asia-Pacific
      • China
      • India
      • Japan
      • South Korea
      • Australia
    • Middle East & Africa
      • South Africa
      • Saudi Arabia
      • UAE
      • Kuwait
    • South America
      • Brazil
      • Argentina
      • Colombia

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in global specialty pharmacy market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).
Global Specialty Pharmacy Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Product Overview

2.    Research Methodology

3.    Impact of COVID-19 on Global Specialty Pharmacy Market

4.    Voice of Customer

4.1.  Service Awareness

4.2.  Brand Awareness

4.3.  Source of Information

4.4.  Commonly Used Specialty Pharmaceuticals

5.    Executive Summary

6.    Global Specialty Pharmacy Market Outlook

6.1.  Market Size & Forecast

6.1.1.     By Value

6.2.  Market Share & Forecast

6.2.1.     By Ownership (Standalone, Hospital-Based, Others)

6.2.2.     By Therapy Area (Cancer, Rheumatoid Arthritis, Hemophilia, Hepatitis C, Multiple Sclerosis, Others)

6.2.3.     By Company (2020)

6.2.4.     By Region

6.3.  Product Market Map

7.    North America Specialty Pharmacy Market Outlook

7.1.  Market Size & Forecast          

7.1.1.     By Value

7.2.  Market Share & Forecast

7.2.1.     By Ownership

7.2.2.     By Therapy Area

7.2.3.     By Country

7.3.  North America: Country Analysis

7.3.1.     United States Specialty Pharmacy Market Outlook

7.3.1.1.         Market Size & Forecast

7.3.1.1.1.             By Value

7.3.1.2.         Market Share & Forecast

7.3.1.2.1.             By Ownership

7.3.1.2.2.             By Therapy Area

7.3.2.     Mexico Specialty Pharmacy Market Outlook

7.3.2.1.         Market Size & Forecast

7.3.2.1.1.             By Value

7.3.2.2.         Market Share & Forecast

7.3.2.2.1.             By Ownership

7.3.2.2.2.             By Therapy Area

7.3.3.     Canada Specialty Pharmacy Market Outlook

7.3.3.1.         Market Size & Forecast

7.3.3.1.1.             By Value

7.3.3.2.         Market Share & Forecast

7.3.3.2.1.             By Ownership

7.3.3.2.2.             By Therapy Area

8.    Europe Specialty Pharmacy Market Outlook

8.1.  Market Size & Forecast          

8.1.1.     By Value

8.2.  Market Share & Forecast

8.2.1.     By Ownership

8.2.2.     By Therapy Area

8.2.3.     By Country

8.3.  Europe: Country Analysis

8.3.1.     France Specialty Pharmacy Market Outlook

8.3.1.1.         Market Size & Forecast

8.3.1.1.1.             By Value

8.3.1.2.         Market Share & Forecast

8.3.1.2.1.             By Ownership

8.3.1.2.2.             By Therapy Area

8.3.2.     Germany Specialty Pharmacy Market Outlook

8.3.2.1.         Market Size & Forecast

8.3.2.1.1.             By Value

8.3.2.2.         Market Share & Forecast

8.3.2.2.1.             By Ownership

8.3.2.2.2.             By Therapy Area

8.3.3.     United Kingdom Specialty Pharmacy Market Outlook

8.3.3.1.         Market Size & Forecast

8.3.3.1.1.             By Value

8.3.3.2.         Market Share & Forecast

8.3.3.2.1.             By Ownership

8.3.3.2.2.             By Therapy Area

8.3.4.     Italy Specialty Pharmacy Market Outlook

8.3.4.1.         Market Size & Forecast

8.3.4.1.1.             By Value

8.3.4.2.         Market Share & Forecast

8.3.4.2.1.             By Ownership

8.3.4.2.2.             By Therapy Area

8.3.5.     Spain Specialty Pharmacy Market Outlook

8.3.5.1.         Market Size & Forecast

8.3.5.1.1.             By Value

8.3.5.2.         Market Share & Forecast

8.3.5.2.1.             By Ownership

8.3.5.2.2.             By Therapy Area

9.    Asia-Pacific Specialty Pharmacy Market Outlook

9.1.  Market Size & Forecast          

9.1.1.     By Value

9.2.  Market Share & Forecast

9.2.1.     By Ownership

9.2.2.     By Therapy Area

9.2.3.     By Country

9.3.  Asia-Pacific: Country Analysis

9.3.1.     China Specialty Pharmacy Market Outlook

9.3.1.1.         Market Size & Forecast

9.3.1.1.1.             By Value

9.3.1.2.         Market Share & Forecast

9.3.1.2.1.             By Ownership

9.3.1.2.2.             By Therapy Area

9.3.2.     India Specialty Pharmacy Market Outlook

9.3.2.1.         Market Size & Forecast

9.3.2.1.1.             By Value

9.3.2.2.         Market Share & Forecast

9.3.2.2.1.             By Ownership

9.3.2.2.2.             By Therapy Area

9.3.3.     South Korea Specialty Pharmacy Market Outlook

9.3.3.1.         Market Size & Forecast

9.3.3.1.1.             By Value

9.3.3.2.         Market Share & Forecast

9.3.3.2.1.             By Ownership

9.3.3.2.2.             By Therapy Area

9.3.4.     Japan Specialty Pharmacy Market Outlook

9.3.4.1.         Market Size & Forecast

9.3.4.1.1.             By Value

9.3.4.2.         Market Share & Forecast

9.3.4.2.1.             By Ownership

9.3.4.2.2.             By Therapy Area

9.3.5.     Australia Specialty Pharmacy Market Outlook

9.3.5.1.         Market Size & Forecast

9.3.5.1.1.             By Value

9.3.5.2.         Market Share & Forecast

9.3.5.2.1.             By Ownership

9.3.5.2.2.             By Therapy Area

10.  South America Specialty Pharmacy Market Outlook

10.1.              Market Size & Forecast

10.1.1.  By Value

10.2.              Market Share & Forecast

10.2.1.  By Ownership

10.2.2.  By Therapy Area

10.2.3.  By Country

10.3.              South America: Country Analysis

10.3.1.  Brazil Specialty Pharmacy Market Outlook

10.3.1.1.      Market Size & Forecast

10.3.1.1.1.           By Value

10.3.1.2.      Market Share & Forecast

10.3.1.2.1.           By Ownership

10.3.1.2.2.           By Therapy Area

10.3.2.  Argentina Specialty Pharmacy Market Outlook

10.3.2.1.      Market Size & Forecast

10.3.2.1.1.           By Value

10.3.2.2.      Market Share & Forecast

10.3.2.2.1.           By Ownership

10.3.2.2.2.           By Therapy Area

10.3.3.  Colombia Specialty Pharmacy Market Outlook

10.3.3.1.      Market Size & Forecast

10.3.3.1.1.           By Value

10.3.3.2.      Market Share & Forecast

10.3.3.2.1.           By Ownership

10.3.3.2.2.           By Therapy Area

11.  Middle East and Africa Specialty Pharmacy Market Outlook

11.1.              Market Size & Forecast

11.1.1.  By Value

11.2.              Market Share & Forecast

11.2.1.  By Ownership

11.2.2.  By Therapy Area

11.2.3.  By Country

11.3.              MEA: Country Analysis

11.3.1.  South Africa Specialty Pharmacy Market Outlook

11.3.1.1.      Market Size & Forecast

11.3.1.1.1.           By Value

11.3.1.2.      Market Share & Forecast

11.3.1.2.1.           By Ownership

11.3.1.2.2.           By Therapy Area

11.3.2.  Saudi Arabia Specialty Pharmacy Market Outlook

11.3.2.1.      Market Size & Forecast

11.3.2.1.1.           By Value

11.3.2.2.      Market Share & Forecast

11.3.2.2.1.           By Ownership

11.3.2.2.2.           By Therapy Area

11.3.3.  UAE Specialty Pharmacy Market Outlook

11.3.3.1.      Market Size & Forecast

11.3.3.1.1.           By Value

11.3.3.2.      Market Share & Forecast

11.3.3.2.1.           By Ownership

11.3.3.2.2.           By Therapy Area

11.3.4.  Kuwait Specialty Pharmacy Market Outlook

11.3.4.1.      Market Size & Forecast

11.3.4.1.1.           By Value

11.3.4.2.      Market Share & Forecast

11.3.4.2.1.           By Ownership

11.3.4.2.2.           By Therapy Area

12.  Market Dynamics

12.1.              Drivers

12.2.              Challenges

13.  Market Trends & Developments

14.  Competitive Landscape

14.1.              CVS Health Corporation

14.2.              Express Scripts Holding Company (Accredo Health Group, Inc)

14.3.              Walgreens Boots Alliance, Inc. (AllianceRx)

14.4.              The Kroger Company

14.5.              Optum Inc. (Diplomat Pharmacy, Inc.)

14.6.              Humana Specialty Pharmacy

14.7.              AmerisourceBergen Corporation

14.8.              AHF Pharmacy

14.9.              Walmart Inc.

14.10.            BrightSpring Health Services

15.  Strategic Recommendations

16.  About Us & Disclaimer

Figures and Tables

Frequently asked questions

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Sakshi Bajaal

Business Consultant
Press Release

Specialty Pharmacy Market to Grow Along with Advancing Medicine During the Forecast Period

Nov, 2021

Advancing pharmaceutical industry is driving the growth of global specialty pharmacy market in the forecast period, 2022-2026.