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  • Published In : Nov 2023
  • Code : CMI6283
  • Pages : 140
  • Formats :
      Excel and PDF
  • Industry : Healthcare IT
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Drug discount cards have become a popular way for consumers to save money on prescription medications. With rising healthcare costs, these discount cards offer a much-needed financial relief to individuals and families. The concept is simple - individuals can present their drug discount card at participating pharmacies to receive discounted prices on their prescriptions.

Market Dynamics:

The drug discount card market is driven by several factors. Firstly, the increasing need for affordable healthcare options has led to a rise in the adoption of drug discount cards. With rising healthcare costs and high prescription drug prices, consumers are actively searching for ways to save money on their medications.

Another driver of this market is the growing prevalence of chronic diseases. As the number of individuals with chronic illnesses continues to rise, so does the demand for prescription medications. Drug discount cards provide an accessible and affordable solution for individuals who rely on medication to manage their conditions.

However, there are also certain restraints in the market. One of the challenges faced by drug discount cards is the lack of acceptance at all pharmacies. While many major pharmacies accept these cards, there are still some smaller pharmacies that do not participate in such programs. This limited acceptance can be a barrier for consumers who prefer to use local or independent pharmacies.

Despite these challenges, there are significant opportunities in the drug discount card market. The implementation of digital platforms and mobile applications has made it easier for consumers to access and use these cards. With the increasing adoption of smartphones and the convenience of mobile apps, drug discount cards can reach a wider audience and provide even more value to consumers.

Key features of the study:

  • The report provides an in-depth analysis of the global drug discount card market including market size (in US$ million) and Compound Annual Growth Rate (CAGR %) for the forecast period (2023-2030), considering 2022 as the base year
  • The study explores potential revenue growth opportunities across different segments and presents attractive investment proposition matrices for this market
  • Market Insights: The report presents key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players
  • Company Profiles: Key players in the drug discount card market, such as GoodRx, SingleCare, WellCard Savings, RxSaver, Optum Perks, Kroger Prescription Savings Club, ScriptSave, Walmart Rx Savings Program, Prescription Hope, and FamilyWize, NeedyMeds and Humana are profiled based on parameters like company highlights, product portfolio, financial performance, and strategies
  • The study assists marketers and management authorities in making informed decisions regarding product launches, product upgrades, market expansion, and marketing tactics
  • The report caters to various stakeholders in the industry, including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
  • Various strategy matrices have been used in analyzing the global drug discount card market to provide stakeholders with ease in decision-making

Drug Discount Card Market Segmentation:

  • Drug Discount Card Market, By Type
    • Branded Cards
    • Generic Cards
  • Drug Discount Card Market, By Therapeutic Category:
    • Cardiovascular drugs
    • Diabetes drugs
    • Pain medications
    • Mental health medications
    • Cancer drugs
    • Others
  • Drug Discount Card Market, By Sales Channel
    • Online
    • Offline
  • Drug Discount Card Market, By Region
    • North America
    • Europe
    • Asia Pacific
    • Latin America
    • Middle East & Africa
  • Top Companies in the Drug Discount Card Market:
    • GoodRx
    • SingleCare
    • WellCard Savings
    • RxSaver
    • Optum Perks
    • Kroger Prescription Savings Club
    • ScriptSave
    • Walmart Rx Savings Program
    • Prescription Hope
    • FamilyWize
    • NeedyMeds
    • Humana

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Drug Discount Card, By Type
      • Market Drug Discount Card, By Therapeutic Category
      • Market Drug Discount Card, By Sales Channel
      • Market Drug Discount Card, By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
        • High Cost of Prescription Drugs
        • Large Uninsured and Underinsured Population
        • Increasing Online Adoption of Online Platform
        • Involvement of State Governments to Provide Drug Discounts
      • Restraints
        • Lack of Awareness among Key Demographics
        • Discount Programs by Pharmaceutical Companies as well as Government Organizations
      • Opportunities
        • Expansion into Emerging Markets
        • Discount Cards for OTC Drugs
        • Customized Services for Employers
    • Impact Analysis
    • Key Highlights
    • Regulatory Scenario
    • Product Launches/Approvals
    • PEST Analysis
    • PORTER’s Analysis
    • Merger and Acquisition Scenario
  4. Drug Discount Card Market - Impact of Coronavirus (COVID-19) Pandemic
    • COVID-19 Epidemiology
    • Supply Side and Demand Side Analysis
    • Economic Impact
  5. Drug Discount Card Market, By Type, 2018-2030, (US$ Mn)
    • Introduction
      • Market Share Analysis, 2023 and 2030 (%)
      • Y-o-Y Growth Analysis, 2019 - 2030
      • Segment Trends
    • Branded Cards
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Mn)
    • Generic Cards
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Mn)
  6. Drug Discount Card Market, By Therapeutic Category, 2018-2030, (US$ Mn)
    • Introduction
      • Market Share Analysis, 2023 and 2030 (%)
      • Y-o-Y Growth Analysis, 2019 - 2030
      • Segment Trends
    • Cardiovascular drugs
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Million)
    • Diabetes drugs
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Million)
    • Pain medications
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Million)
    • Mental health medications
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Million)
    • Cancer drugs
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Million)
    • Others
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Million)
  7. Drug Discount Card Market, By Sales Channel, 2018-2030, (US$ Mn)
    • Introduction
      • Market Share Analysis, 2023 and 2030 (%)
      • Y-o-Y Growth Analysis, 2019 - 2030
      • Segment Trends
    • Online
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Million)
    • Offline
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Million)
    • Senior Citizens
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Million)
    • Others
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Million)
  8. Drug Discount Card Market, By Region, 2018-2030, (US$ Mn)
    • Introduction
      • Market Share Analysis, By Country, 2023 and 2030 (%)
      • Y-o-Y Growth Analysis, For Country 2019 - 2030
      • Country Trends
    • North America
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, By Type, 2018-2030, (US$ Mn)
      • Market Size and Forecast, and Y-o-Y Growth, By Therapeutic Category, 2018-2030, (US$ Mn)
      • Market Size and Forecast, and Y-o-Y Growth, By Sales Channel, 2018-2030, (US$ Mn)
      • Market Size and Forecast, and Y-o-Y Growth, By Country, 2018-2030, (US$ Mn)
        • U.S.
        • Canada
    • Europe
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, By Type, 2018-2030, (US$ Mn)
      • Market Size and Forecast, and Y-o-Y Growth, By Therapeutic Category, 2018-2030, (US$ Mn)
      • Market Size and Forecast, and Y-o-Y Growth, By Sales Channel, 2018-2030, (US$ Mn)
      • Market Size and Forecast, and Y-o-Y Growth, By Country, 2018-2030, (US$ Mn)
        • U.K.
        • Germany
        • Italy
        • France
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, By Type, 2018-2030, (US$ Mn)
      • Market Size and Forecast, and Y-o-Y Growth, By Therapeutic Category, 2018-2030, (US$ Mn)
      • Market Size and Forecast, and Y-o-Y Growth, By Sales Channel, 2018-2030, (US$ Mn)
      • Market Size and Forecast, and Y-o-Y Growth, By Country, 2018-2030, (US$ Mn)
        • China
        • India
        • Japan
        • ASEAN
        • Australia
        • South Korea
        • Rest of Asia Pacific
    • Latin America
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, By Type, 2018-2030, (US$ Mn)
      • Market Size and Forecast, and Y-o-Y Growth, By Therapeutic Category, 2018-2030, (US$ Mn)
      • Market Size and Forecast, and Y-o-Y Growth, By Sales Channel, 2018-2030, (US$ Mn)
      • Market Size and Forecast, and Y-o-Y Growth, By Country, 2018-2030, (US$ Mn)
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Middle East & Africa
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, By Type, 2018-2030, (US$ Mn)
      • Market Size and Forecast, and Y-o-Y Growth, By Therapeutic Category, 2018-2030, (US$ Mn)
      • Market Size and Forecast, and Y-o-Y Growth, By Sales Channel, 2018-2030, (US$ Mn)
      • Market Size and Forecast, and Y-o-Y Growth, By Country/Sub-region, 2018-2030, (US$ Mn)
        • GCC
        • Israel
        • North Africa
        • Central Africa
        • Rest of Middle East & Africa
  9. Competitive Landscape
    • GoodRx
      • Company Highlights
      • Product Portfolio
      • Key Developments
      • Financial Performance
      • Strategies
    • SingleCare
      • Company Highlights
      • Product Portfolio
      • Key Highlights
      • Financial Performance
      • Strategies
    • WellCard Savings
      • Company Highlights
      • Product Portfolio
      • Key Highlights
      • Financial Performance
      • Strategies
    • RxSaver
      • Company Highlights
      • Product Portfolio
      • Key Highlights
      • Financial Performance
      • Strategies
    • Optum Perks
      • Company Highlights
      • Product Portfolio
      • Key Highlights
      • Financial Performance
      • Strategies
    • Kroger Prescription Savings Club
      • Company Highlights
      • Product Portfolio
      • Key Highlights
      • Financial Performance
      • Strategies
    • ScriptSave
      • Company Highlights
      • Product Portfolio
      • Key Highlights
      • Financial Performance
      • Strategies
    • Walmart Rx Savings Program
      • Company Highlights
      • Product Portfolio
      • Key Highlights
      • Financial Performance
      • Strategies
    • Prescription Hope
      • Company Highlights
      • Product Portfolio
      • Key Highlights
      • Financial Performance
      • Strategies
    • FamilyWize
      • Company Highlights
      • Product Portfolio
      • Key Highlights
      • Financial Performance
      • Strategies
    • NeedyMeds
      • Company Highlights
      • Product Portfolio
      • Key Highlights
      • Financial Performance
      • Strategies
    • Humana
      • Company Highlights
      • Product Portfolio
      • Key Highlights
      • Financial Performance
      • Strategies
    • Analyst Views
  10. Section
    • Research Methodology
    • About us

*Browse 35 market data tables and 34 figures on “Drug Discount Card Market” - Global forecast to 2030

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