[Ranking] TOP 25 Healthcare Services / Healthcare Companies Q3/2023
Intro
The healthcare services industry plays a vital role in the worldwide economy, providing essential services and support to individuals and communities in need. From hospitals and clinics to home healthcare and medical equipment suppliers, this industry encompasses a wide range of organizations dedicated to improving the health and well-being of people.
With its profound influence, the healthcare services industry has ripple effects across diverse sectors. It not only directly affects the healthcare sector but also has significant impacts on the economy, employment, and public health. The success and growth of healthcare services companies can drive innovation, create job opportunities, and contribute to overall societal well-being.
In recent years, the healthcare services industry has experienced remarkable economic growth and is expected to continue on an upward trajectory. The increasing demand for healthcare services, coupled with advancements in technology and evolving patient needs, has led to significant opportunities for companies operating in this sector. The industry's economic magnitude is evident through its substantial contribution to GDP and employment rates.
As the healthcare landscape continues to evolve, there are various trends, breakthroughs, and obstacles shaping the industry. The adoption of telemedicine and digital health solutions, the rising focus on preventive care, and the challenges posed by an aging population and chronic diseases are some of the factors driving change in healthcare services. Additionally, regulatory changes, healthcare policy reforms, and the impact of the COVID-19 pandemic have also influenced the industry.
The healthcare services industry is a dynamic and ever-changing landscape. With advancements in technology, new players entering the market, and shifting patient expectations, it is essential to understand the leading companies in this sector. These companies are at the forefront of innovation, driving improvements in healthcare delivery, patient outcomes, and overall healthcare system efficiency.
Ranking
#25 Boston Scientific Corporation
Employees: 36K
Revenue: 10.7B$
Website: https://www.bostonscientific.com
Description: Boston Scientific Corporation is a leading healthcare services company headquartered in Marlborough, United States. Since its founding in 1979, the company has been at the forefront of medical innovation, specializing in the development and manufacture of medical devices used in various healthcare procedures. With a workforce of approximately 36,000 employees, Boston Scientific is committed to improving patient outcomes and transforming lives through its cutting-edge technologies and solutions. The company generates an impressive annual revenue of 10.7 billion dollars, demonstrating its significant presence and success in the healthcare industry. Boston Scientific continues to drive advancements in areas such as interventional cardiology, endoscopy, urology, and neuromodulation, delivering innovative and life-changing medical solutions to healthcare providers and patients worldwide.
#24 Stryker Corporation
Employees: 40K
Revenue: 14.9B$
Website: https://www.stryker.com
Description: Stryker Corporation, headquartered in Kalamazoo, United States, is a leading company in the Healthcare Services industry. Founded in 1941, Stryker has grown to become a global leader in medical technology. With a workforce of approximately 40,000 employees, the company focuses on providing innovative and high-quality products and services to healthcare professionals worldwide. Stryker operates in various segments within the healthcare industry, including orthopedics, medical and surgical, neurotechnology, and spine. The company's revenue reached 14.9 billion dollars, reflecting its strong market presence and success in delivering solutions that improve patient outcomes and enhance healthcare efficiency.
#23 Fresenius Medical Care AG & Co. KGaA
Employees: 120K
Revenue: 16.5B$
Website: https://www.freseniusmedicalcare.com
Description: Fresenius Medical Care AG & Co. KGaA, headquartered in Bad Homburg, Germany, is a leading healthcare services provider in the Healthcare industry. The company was founded in 1996 and currently employs approximately 120,000 professionals worldwide. With a revenue of 16.5 billion US dollars, Fresenius Medical Care offers a range of products and services to support individuals with chronic kidney failure. Their services include dialysis treatments, dialysis machines, and other renal care products. The company is committed to improving the quality of life for patients suffering from kidney disease, and their innovative solutions have made them a global leader in renal care. For more information, visit their website at https://www.freseniusmedicalcare.com.
#22 Bristol-Myers Squibb
Employees: 30K
Revenue: 22B$
Website: https://www.bms.com
Description: Bristol-Myers Squibb, headquartered in New York, United States, is a leading pharmaceutical company operating in the Healthcare Services industry. The company was founded in 1887 and currently employs approximately 30,000 people. With a revenue of 22 billion dollars, Bristol-Myers Squibb focuses on discovering, developing, and delivering innovative medicines for patients worldwide. They have a diverse portfolio of products spanning various therapeutic areas, including oncology, cardiovascular, immunoscience, and fibrosis. Bristol-Myers Squibb is committed to advancing science and improving patient outcomes through their research, clinical development, and commercialization efforts. Their dedication to providing innovative healthcare solutions has made them a prominent player in the Healthcare Services industry.
#21 Gilead Sciences Inc.
Employees: 12.5K
Revenue: 22.5B$
Website: https://www.gilead.com
Description: Gilead Sciences Inc., headquartered in Foster City, United States, is a prominent player in the Healthcare Services industry. Since its establishment in 1987, Gilead Sciences has been dedicated to discovering, developing, and commercializing therapies to address significant unmet medical needs. With a workforce of approximately 12,500 employees, the company has made remarkable contributions in the field of healthcare. Gilead Sciences focuses on areas such as antiviral drugs, liver diseases, oncology, inflammation, and respiratory diseases. The company has achieved substantial revenue growth, with an estimated revenue of 22.5 billion dollars. Gilead Sciences continues to innovate and collaborate to improve patient care and make a positive impact on global health.
#20 Eli Lilly And Company
Employees: 35K
Revenue: 24B$
Website: https://www.lilly.com
Description: Eli Lilly and Company, headquartered in Indianapolis, United States, is a leading healthcare services provider in the Healthcare industry. Founded in 1876, the company has a workforce of approximately 35,000 employees. With annual revenues of around 24 billion dollars, Eli Lilly and Company is dedicated to discovering, developing, and delivering innovative pharmaceutical products that help people live longer, healthier, and more active lives. They specialize in areas such as oncology, neurology, immunology, and diabetes. With a commitment to research and development, the company aims to address unmet medical needs and improve patient outcomes. Eli Lilly and Company has a strong global presence and continues to make significant contributions to the healthcare sector.
#19 Amgen Inc.
Employees: 23K
Revenue: 25B$
Website: https://www.amgen.com/
Description: Amgen Inc. is a leading biotechnology company in the Healthcare Services industry. Headquartered in Thousand Oaks, United States, Amgen specializes in the development, manufacturing, and commercialization of innovative medicines. Since its founding in 1980, the company has been dedicated to transforming the lives of patients suffering from serious illnesses. With a workforce of approximately 23,000 employees, Amgen operates globally to discover, develop, and deliver breakthrough therapies that address unmet medical needs. The company's robust portfolio includes treatments for cancer, cardiovascular diseases, autoimmune disorders, and other complex conditions. Amgen's commitment to scientific excellence and patient-centric approach has made it a trusted name in the healthcare industry. With annual revenues of 25 billion dollars, Amgen continues to make significant contributions to advancing medical science and improving patient outcomes.
#18 AstraZeneca
Employees: 70K
Revenue: 26.6B$
Website: https://www.astrazeneca.com/
Description: AstraZeneca, headquartered in Cambridge, United Kingdom, is a leading pharmaceutical company operating in the Healthcare Services industry. Founded in 1999, the company employs approximately 70,000 individuals worldwide. AstraZeneca focuses on the research, development, and commercialization of innovative prescription drugs and vaccines. With a strong pipeline of products, they strive to address unmet medical needs and improve patient outcomes in areas such as oncology, cardiovascular, respiratory, and autoimmune diseases. AstraZeneca's commitment to scientific excellence and collaboration with healthcare professionals and organizations has positioned them as a trusted and influential player in the healthcare industry. With a revenue of 26.6 billion dollars, the company continues to drive advancements in medical science and contribute to the well-being of global communities.
#17 Medtronic Plc
Employees: 100K
Revenue: 30B$
Website: https://www.medtronic.com
Description: Medtronic Plc, headquartered in Dublin, Ireland, is a leading healthcare services company operating in the Healthcare industry. Founded in 1949, Medtronic employs approximately 100,000 employees worldwide. With a revenue of 30 billion dollars, the company is committed to improving healthcare outcomes and transforming lives through innovative medical technologies, services, and solutions. Medtronic offers a wide range of products and therapies that address a variety of medical conditions, including cardiac and vascular diseases, diabetes, neurological disorders, and musculoskeletal conditions. Through its advanced medical technologies, Medtronic aims to provide better patient outcomes, enhance clinical and economic value, and deliver healthcare solutions that positively impact millions of lives globally.
#16 Takeda Pharmaceutical
Employees: 49K
Revenue: 31B$
Website: https://www.takeda.com
Description: Takeda Pharmaceutical is a leading global healthcare company headquartered in Tokyo, Japan. With a rich history dating back to 1781, Takeda has grown to become a trusted name in the healthcare services industry. The company focuses on research, development, and commercialization of innovative pharmaceutical products and solutions. Takeda is committed to improving the health and well-being of people worldwide, with a strong emphasis on patient-centric care. With a workforce of approximately 49,000 employees, Takeda operates across multiple therapeutic areas, including gastroenterology, oncology, neuroscience, and rare diseases. The company's revenue reached 31 billion dollars, reflecting its strong position in the market.
#15 Abbott Laboratories
Employees: 110K
Revenue: 34.6B$
Website: https://www.abbott.com
Description: Abbott Laboratories, headquartered in North Chicago, United States, is a prominent player in the Healthcare Services industry. Founded in 1888, Abbott Laboratories has established itself as a leading healthcare company with a diverse portfolio of products and services. With approximately 110,000 employees, Abbott Laboratories operates globally, catering to the healthcare needs of millions of individuals. The company generates substantial revenue, amounting to 34.6 billion US dollars. Abbott Laboratories is committed to delivering innovative solutions in areas such as diagnostics, medical devices, nutrition, and pharmaceuticals, making a significant impact in the healthcare sector.
#14 GlaxoSmithKline Plc
Employees: 99K
Revenue: 37B$
Website: https://www.gsk.com
Description: GlaxoSmithKline Plc, headquartered in London, United Kingdom, is a prominent player in the Healthcare Services industry. Since its establishment in 2000, GSK has become a leading global healthcare company that is committed to improving the quality of human life. With nearly 99,000 employees worldwide, GSK focuses on the research, development, manufacturing, and marketing of prescription medicines, vaccines, and consumer healthcare products. The company's extensive portfolio encompasses a wide range of therapeutic areas, including respiratory, HIV, immuno-inflammation, oncology, and infectious diseases. GSK's dedication to innovation and scientific excellence has made it a trusted name in the healthcare sector. With an impressive annual revenue of 37 billion dollars, GSK continues to make significant contributions to the advancement of healthcare services globally.
#13 Sanofi
Employees: 100K
Revenue: 40B$
Website: https://www.sanofi.com
Description: Sanofi, headquartered in Paris, France, is a leading global pharmaceutical company operating in the healthcare services industry. Founded in 1973, the company has a workforce of approximately 100,000 employees. With a revenue of 40 billion dollars, Sanofi focuses on researching, developing, manufacturing, and marketing innovative healthcare solutions. The company's activities in the healthcare services sector encompass a wide range of areas, including pharmaceuticals, vaccines, rare diseases, diabetes, oncology, and consumer healthcare. Sanofi is dedicated to improving the health and well-being of people around the world, with a strong commitment to scientific excellence, patient-centered care, and sustainability.
#12 Bayer AG
Employees: 100K
Revenue: 44B$
Website: https://www.bayer.com
Description: Bayer AG, headquartered in Leverkusen, Germany, is a leading company in the healthcare services industry. Founded in 1863, Bayer operates globally to provide innovative solutions in pharmaceuticals, consumer health, and crop science. With approximately 100,000 employees, the company is committed to improving human and animal health through its research and development efforts. Bayer's healthcare services encompass a wide range of products and services, including prescription medicines, over-the-counter drugs, medical devices, and diagnostic tools. The company's revenue reached 44 billion dollars, reflecting its strong presence and success in the healthcare industry.
#11 AbbVie Inc.
Employees: 47K
Revenue: 45B$
Website: https://www.abbvie.com
Description: AbbVie Inc. is a pharmaceutical company headquartered in North Chicago, United States. Founded in 2013, AbbVie operates in the Healthcare Services industry, focusing on the development and commercialization of advanced therapies to improve the health and well-being of people around the world. With approximately 47,000 employees, AbbVie has a strong global presence and is committed to discovering, developing, and delivering innovative medicines and solutions to address some of the world's most complex health challenges. The company's revenue reached 45 billion dollars, reflecting its successful portfolio of products and ongoing commitment to research and development. Through its dedication to advancing science and improving patient outcomes, AbbVie continues to make a significant impact in the healthcare industry.
#10 Novartis AG
Employees: 110K
Revenue: 47.5B$
Website: https://www.novartis.com/
Description: Novartis AG, headquartered in Basel, Switzerland, is a leading company in the Healthcare Services industry. Founded in 1996, the company has grown to employ approximately 110,000 employees globally. With a revenue of 47.5 billion US dollars, Novartis AG is a major player in the healthcare market. The company operates in various segments, including innovative medicines, generics, and eye care. Novartis AG is committed to advancing medical science and improving patient outcomes through its research and development efforts. With a strong focus on innovation, the company strives to bring new and effective treatments to patients worldwide.
#9 Merck & Co. Inc.
Employees: 74K
Revenue: 48B$
Website: https://www.merck.com
Description: Merck & Co. Inc. is a leading pharmaceutical company headquartered in Kenilworth, United States. With a history dating back to 1891, Merck has established itself as a prominent player in the healthcare services industry. The company employs approximately 74,000 individuals worldwide, contributing to its annual revenue of 48 billion dollars. Merck is dedicated to improving human health by developing innovative medicines, vaccines, biologic therapies, and animal health products. Through its research and development efforts, Merck strives to address unmet medical needs and provide effective solutions for patients and healthcare providers globally. With a strong focus on scientific excellence, Merck aims to make a positive impact on the healthcare landscape and enhance the well-being of individuals and communities.
#8 Cigna Corporation
Employees: 74K
Revenue: 49.1B$
Website: https://www.cigna.com
Description: Cigna Corporation, headquartered in Bloomfield, United States, is a leading healthcare services company operating in the healthcare industry. Founded in 1982, Cigna provides a wide range of health insurance services, including medical, dental, behavioral health, pharmacy, and vision care. With approximately 74,000 employees, Cigna is committed to improving the health and well-being of individuals and communities by offering innovative solutions and personalized support. The company's revenue reached 49.1 billion dollars, solidifying its position as a major player in the healthcare services sector. Cigna's website offers comprehensive information on their services, insurance plans, and resources for individuals, employers, and healthcare providers.
#7 HCA Healthcare Inc.
Employees: 280K
Revenue: 51.5B$
Website: https://hcahealthcare.com
Description: HCA Healthcare Inc. is a leading healthcare services company headquartered in Nashville, United States. With a history dating back to 1968, HCA operates a vast network of hospitals, outpatient centers, and physician practices, serving communities across North America. The company has approximately 280,000 employees, making it one of the largest private employers in the country. HCA generates substantial revenue, with an annual revenue of 51.5 billion US dollars. As a healthcare services provider, HCA Healthcare focuses on delivering high-quality patient care, investing in advanced medical technologies, and promoting innovation in healthcare delivery. The company's commitment to clinical excellence and patient-centric care has earned it a strong reputation in the healthcare industry.
#6 Pfizer Inc.
Employees: 78K
Revenue: 51.8B$
Website: https://www.pfizer.com
Description: Pfizer Inc. is a leading pharmaceutical company in the Healthcare Services industry. With its headquarters located in New York City, United States, Pfizer has a rich history dating back to its founding in 1849. The company employs approximately 78,000 individuals worldwide, making it one of the largest players in the industry. Pfizer is known for its extensive range of healthcare products and services, including prescription medications, vaccines, and consumer healthcare products. The company generates significant revenue, with an annual revenue of 51.8 billion dollars. Pfizer's commitment to innovation and research has led to numerous breakthroughs in medical science, contributing to advancements in global healthcare.
#5 Johnson & Johnson
Employees: 134K
Revenue: 82B$
Website: https://www.jnj.com
Description: Johnson & Johnson is a multinational healthcare company headquartered in New Brunswick, United States. Founded in 1886, the company operates in the Healthcare Services industry. With approximately 134,000 employees, Johnson & Johnson is dedicated to improving the health and well-being of people around the world. The company's revenue reached 82 billion dollars, reflecting its strong presence in the healthcare sector. Johnson & Johnson is known for its wide range of products and services, including pharmaceuticals, medical devices, and consumer healthcare products. Through its innovative solutions, the company strives to advance healthcare and make a positive impact on global health outcomes.
#4 Anthem Inc.
Employees: 70K
Revenue: 120B$
Website: https://www.anthem.com
Description: Anthem Inc., headquartered in Indianapolis, Indiana, is a leading healthcare services company operating in the Healthcare Services industry. Established in 2004, the company has grown to become one of the largest healthcare providers in the United States. With approximately 70,000 employees, Anthem Inc. is committed to improving the lives of individuals and communities through its wide range of healthcare offerings. The company offers health insurance, Medicare and Medicaid plans, pharmacy benefit management, dental, vision, and behavioral health services. Anthem Inc. focuses on delivering innovative and personalized healthcare solutions that meet the evolving needs of its customers. With a revenue of 120 billion dollars, Anthem Inc. continues to drive advancements in healthcare delivery and improve access to quality care for millions of people.
#3 Cardinal Health Inc.
Employees: 48K
Revenue: 137B$
Website: https://www.cardinalhealth.com/
Description: Cardinal Health Inc., headquartered in Dublin, Ohio, is a leading company in the Healthcare Services industry. Founded in 1971, the company operates in North America and provides essential healthcare products and services to hospitals, pharmacies, ambulatory surgery centers, clinical laboratories, and physician offices. With a workforce of approximately 48,000 employees, Cardinal Health is dedicated to improving the cost-effectiveness and efficiency of healthcare delivery. The company offers a wide range of products and services, including pharmaceutical distribution, medical and surgical products, laboratory services, and consulting solutions. Cardinal Health's revenue reached 137 billion US dollars, solidifying its position as a major player in the healthcare sector.
#2 McKesson Corporation
Employees: 80K
Revenue: 231.9B$
Website: https://www.mckesson.com/
Description: McKesson Corporation, headquartered in Irving, United States, is a leading player in the Healthcare Services industry. Founded in 1833, McKesson has established itself as a prominent healthcare solutions provider, offering a wide range of services to healthcare organizations and patients. With a workforce of approximately 80,000 employees, McKesson operates globally, serving customers in over 150 countries. The company's revenue reached an impressive 231.9 billion dollars, making it one of the largest companies in the healthcare sector. McKesson's services encompass pharmaceutical distribution, healthcare IT solutions, medical supplies, and business consulting. Through its comprehensive offerings, McKesson plays a vital role in enhancing the efficiency and effectiveness of healthcare delivery worldwide.
#1 UnitedHealth Group
Employees: 325K
Revenue: 262B$
Website: https://www.unitedhealthgroup.com/
Description: UnitedHealth Group, headquartered in Minnetonka, United States, is a leading player in the Healthcare Services industry. Founded in 1977, the company has grown to become one of the largest healthcare organizations globally. With a workforce of approximately 325,000 employees, UnitedHealth Group operates a wide range of businesses that focus on improving healthcare access, affordability, and quality. The company's diverse portfolio includes health insurance services, healthcare technology solutions, pharmacy services, and healthcare delivery systems. UnitedHealth Group generates substantial revenue, with an estimated annual revenue of 262 billion dollars. Through its innovative approach and extensive network, the company strives to transform the healthcare industry and provide comprehensive healthcare solutions to individuals and communities.
Summary
The healthcare services industry is a crucial part of the larger healthcare sector, providing essential services and support to patients, healthcare providers, and other stakeholders. In a recent analysis of the top companies in the healthcare services sub-industry, several key takeaways emerged. The rankings of these companies were determined by factors such as revenue, market share, innovation, and customer satisfaction.
One unexpected finding was the rapid growth of telehealth companies, which provide remote healthcare services through digital platforms. This sub-sector experienced a significant surge in demand during the COVID-19 pandemic, leading to increased investments and market expansion. Another outstanding finding was the increasing importance of data analytics and technology in healthcare services, with companies leveraging advanced algorithms and artificial intelligence to improve patient outcomes and operational efficiency.
Among the premier companies in the healthcare services sub-industry are UnitedHealth Group, McKesson Corporation, CVS Health, AmerisourceBergen, and Cardinal Health. These companies have established themselves as leaders through their extensive networks, comprehensive service offerings, and strong financial performance.
One shared element driving the prosperity of these leading firms is their ability to adapt to changing market dynamics and evolving customer needs. They have embraced digital transformation, invested in technology infrastructure, and developed innovative solutions to enhance the delivery of healthcare services. Additionally, these companies have prioritized collaboration and partnerships with other healthcare stakeholders, fostering a comprehensive and integrated approach to patient care.
What sets these eminent companies apart from their industry rivals is their commitment to quality and patient-centric care. They have implemented rigorous quality control measures, adhered to strict regulatory standards, and continuously invested in training and development programs for their workforce. Moreover, these companies have demonstrated a strong emphasis on personalized care, leveraging data-driven insights to tailor treatment plans and improve patient outcomes.