U.S. Drug Utilization Management Market Foreseen To Increase Exponentially By 2030
U.S. Drug Utilization Management Market Summary The U.S. drug utilization management market size was estimated at USD 37.25 billion in 2023 and is anticipated to grow at a compound annual growth rate (CAGR) of 7.30% from 2024 to 2030. This expected growth is attributed to the increasing implementation of automated utilization management services and the rising demand for improved prescription practices, especially for specialty drugs. These efforts aim to reduce overall healthcare expenditures while enhancing patient outcomes. As drug prices and healthcare costs continue to escalate, optimizing drug utilization through efficient management strategies is becoming critical to sustaining the healthcare system and improving value-based care. Drug utilization management strategies include various tools such as Prior Authorizations (PAs), step therapy protocols, and quantity limits. These methods are specifically designed to ensure that medications are prescribed and used a...