[Ranking] TOP 25 Healthcare Companies Q3/2023
Intro
The healthcare industry plays a critical role in the worldwide economy, with its vast reach and impact on countless lives. From hospitals and pharmaceutical companies to insurance providers and medical technology firms, the industry encompasses a wide range of sub-industries that are integral to the well-being of individuals and societies.
Not only does the healthcare industry directly affect the health and quality of life of individuals, but it also has profound ripple effects across diverse sectors. The availability and affordability of healthcare services can significantly influence labor productivity, economic growth, and social welfare. Moreover, advancements in healthcare often drive innovation in other industries, such as technology and life sciences.
The economic magnitude of the healthcare industry is staggering, with healthcare expenditures accounting for a significant portion of the GDP in many countries. As populations grow and age, the demand for healthcare services continues to rise, fueling the industry's upward trajectory. This trend is further amplified by the increasing prevalence of chronic diseases and the expanding middle class in emerging markets.
Recent years have witnessed several trends, breakthroughs, and obstacles that are shaping the healthcare industry. From the rise of telemedicine and personalized medicine to the challenges posed by healthcare disparities and rising healthcare costs, the industry is constantly evolving. Additionally, the COVID-19 pandemic has highlighted the importance of healthcare infrastructure and accelerated the adoption of digital health solutions.
The healthcare industry is a dynamic and ever-changing landscape, driven by scientific discoveries, technological advancements, and evolving societal needs. To navigate this complex terrain, it is crucial to understand the leading companies that shape the industry. These companies not only drive innovation but also set the standards for quality, accessibility, and affordability of healthcare services.
Ranking
#25 Vertex Pharmaceuticals Incorporated
Employees: 3.3K
Revenue: 4.2B$
Website: https://www.vrtx.com
Description: Vertex Pharmaceuticals Incorporated, headquartered in Boston, United States, is a leading biotechnology company in the healthcare industry. Founded in 1989, Vertex focuses on the discovery and development of innovative medicines for the treatment of serious diseases. With a workforce of approximately 3.3 thousand employees, the company is dedicated to transforming the lives of patients through its cutting-edge research and development efforts. Vertex has achieved significant success in the field of cystic fibrosis, with its breakthrough therapies providing life-changing treatments for patients. The company's commitment to scientific excellence and patient-centric approach has positioned it as a key player in the global pharmaceutical industry. With a revenue of 4.2 billion dollars, Vertex continues to drive innovation and deliver impactful solutions to improve patient outcomes.
#24 Biogen Inc.
Employees: 7.5K
Revenue: 10.9B$
Website: https://www.biogen.com
Description: Biogen Inc. is a leading biotechnology company headquartered in Cambridge, United States. Since its founding in 1978, Biogen has been at the forefront of developing therapies for neurological and autoimmune diseases. With approximately 7,500 employees, the company is dedicated to discovering, developing, and delivering innovative treatments that make a meaningful difference in patients' lives. Biogen's revenue reached 10.9 billion dollars, demonstrating its strong position in the healthcare industry. Through its extensive research efforts and strategic collaborations, Biogen continues to drive advancements in areas such as multiple sclerosis, Alzheimer's disease, spinal muscular atrophy, and biosimilars, contributing to the improvement of global healthcare.
#23 Becton, Dickinson And Company
Employees: 76K
Revenue: 21B$
Website: https://www.bd.com
Description: Becton, Dickinson And Company, commonly known as BD, is a leading healthcare company headquartered in Franklin Lakes, United States. With a history dating back to 1897, BD has established itself as a key player in the healthcare industry. The company employs approximately 76,000 individuals globally and generates an impressive annual revenue of 21 billion dollars. BD focuses on providing innovative medical technologies, devices, and laboratory equipment to improve patient care. Their comprehensive product portfolio includes solutions for medication management, diagnostics, biosciences, and more. BD's commitment to advancing healthcare and improving outcomes has made it a trusted partner for healthcare professionals worldwide.
#22 Gilead Sciences, Inc.
Employees: 12K
Revenue: 22B$
Website: https://www.gilead.com
Description: Gilead Sciences, Inc. is a leading biopharmaceutical company headquartered in Foster City, United States. Since its establishment in 1987, Gilead Sciences has been dedicated to discovering, developing, and commercializing innovative medicines in the healthcare industry. With a workforce of approximately 12,000 employees, the company focuses on areas such as virology, liver diseases, oncology, and inflammation. Gilead Sciences is renowned for its groundbreaking advancements in the treatment of HIV/AIDS, hepatitis C, and more recently, COVID-19. The company's revenue stands at an impressive 22 billion dollars, reflecting its success in delivering life-saving therapies to patients worldwide.
#21 Amgen Inc.
Employees: 23K
Revenue: 24B$
Website: https://www.amgen.com
Description: Amgen Inc. is a multinational biopharmaceutical company headquartered in Thousand Oaks, California, United States. Founded in 1980, the company operates in the healthcare industry, specializing in the discovery, development, and commercialization of innovative human therapeutics. Amgen employs approximately 23,000 people globally and has a strong presence in North America. The company's focus areas include oncology, hematology, cardiovascular disease, neuroscience, and inflammation. Amgen has achieved significant success with drugs like Enbrel, Neulasta, and Prolia, which have helped improve the lives of millions of patients worldwide. With an annual revenue of around 24 billion dollars, Amgen continues to invest in research and development to bring new treatments and therapies to market.
#20 Eli Lilly And Company
Employees: 36K
Revenue: 24B$
Website: https://www.lilly.com/
Description: Eli Lilly And Company, headquartered in Indianapolis, United States, is a prominent player in the healthcare industry. Founded in 1876, the company has a workforce of approximately 36,000 employees. With a revenue of 24 billion dollars, Eli Lilly And Company operates in the pharmaceutical sector, specializing in the discovery, development, and manufacturing of innovative medicines. They are dedicated to improving the lives of people worldwide through their wide range of products, including treatments for diabetes, cancer, autoimmune diseases, and neurodegenerative disorders. Through their research and development efforts, Eli Lilly And Company continues to make significant contributions to the healthcare industry, fostering advancements in medical science and delivering life-changing therapies to patients in need.
#19 Thermo Fisher Scientific Inc.
Employees: 75K
Revenue: 25B$
Website: https://www.thermofisher.com/
Description: Thermo Fisher Scientific Inc., headquartered in Waltham, Massachusetts, is a leading company in the healthcare industry. Founded in 2006, the company has grown exponentially and now employs approximately 75,000 people worldwide. Thermo Fisher Scientific operates in various sectors of the healthcare industry, providing innovative solutions and technologies to enable scientific research, diagnostics, and precision medicine. The company offers a wide range of products, including laboratory equipment, reagents, consumables, and software solutions, catering to the needs of academic institutions, pharmaceutical companies, hospitals, and research laboratories. Thermo Fisher Scientific is dedicated to advancing scientific discovery and improving patient outcomes, with a strong focus on research and development, collaborations, and acquisitions to expand its capabilities and offerings in the healthcare industry. With annual revenue of around 25 billion dollars, Thermo Fisher Scientific continues to be a key player in driving advancements in healthcare and life sciences globally.
#18 Bristol-Myers Squibb Company
Employees: 30K
Revenue: 26B$
Website: https://www.bms.com
Description: Bristol-Myers Squibb Company is a renowned pharmaceutical company operating in the healthcare industry. Headquartered in New York City, United States, the company has a rich history dating back to its establishment in 1887. With a workforce of approximately 30,000 employees, Bristol-Myers Squibb is dedicated to discovering, developing, and delivering innovative medicines that help patients prevail over serious diseases. The company focuses on areas such as oncology, cardiovascular diseases, immunology, and fibrosis. Bristol-Myers Squibb has achieved significant success and has generated a substantial revenue of 26 billion dollars. Committed to advancing healthcare, the company continues to make a positive impact on patients' lives worldwide.
#17 AstraZeneca PLC
Employees: 76K
Revenue: 26.6B$
Website: https://www.astrazeneca.com/
Description: AstraZeneca PLC is a leading pharmaceutical company headquartered in Cambridge, United Kingdom. With a history dating back to 1999, AstraZeneca operates in the healthcare industry and focuses on the research, development, and commercialization of innovative prescription drugs. The company employs approximately 76,000 individuals worldwide, contributing to its mission of improving the health and well-being of people globally. AstraZeneca's diverse portfolio encompasses a wide range of therapeutic areas, including oncology, cardiovascular, respiratory, and immunology. Their dedication to scientific excellence and commitment to patient-centric solutions have established AstraZeneca as a key player in the pharmaceutical industry. With annual revenues of 26.6 billion dollars, AstraZeneca continues to invest in groundbreaking research and development to address unmet medical needs and drive advancements in healthcare.
#16 Medtronic Plc
Employees: 90K
Revenue: 30B$
Website: https://www.medtronic.com/
Description: Medtronic Plc is a global healthcare company headquartered in Dublin, United States. Founded in 1949, the company has grown to become a leading player in the healthcare industry. With approximately 90,000 employees, Medtronic is committed to improving the lives of people through its innovative medical technologies, services, and solutions. The company focuses on areas such as cardiac and vascular therapies, diabetes management, minimally invasive therapies, and restorative therapies. Medtronic generates an estimated annual revenue of 30 billion dollars, making it one of the largest companies in the healthcare sector. With a strong presence in North America and a global reach, Medtronic continues to drive advancements in medical technology to address the evolving healthcare needs of patients worldwide.
#15 Abbott Laboratories
Employees: 109K
Revenue: 34.6B$
Website: https://www.abbott.com
Description: Abbott Laboratories, headquartered in Chicago, United States, is a leading healthcare company operating in the healthcare industry. Founded in 1888, Abbott Laboratories has grown to become a global player in the healthcare sector. With approximately 109,000 employees worldwide, the company is dedicated to providing innovative solutions and advanced technologies to improve people's health and well-being. Abbott Laboratories focuses on various areas such as diagnostics, medical devices, nutrition, and branded generic pharmaceuticals. The company's revenue reached 34.6 billion dollars, consolidating its position as one of the top players in the healthcare industry. With a strong commitment to research and development, Abbott Laboratories continues to deliver breakthrough products and contribute to advancements in healthcare globally.
#14 Sanofi
Employees: 100K
Revenue: 37B$
Website: https://www.sanofi.com
Description: Sanofi, headquartered in Paris, France, is a leading global pharmaceutical company operating in the healthcare industry. Founded in 1973, Sanofi has emerged as a key player in the development, manufacturing, and distribution of innovative healthcare solutions. With a workforce of approximately 100,000 employees worldwide, Sanofi is committed to improving the health and well-being of people globally. The company's revenue stands at an impressive 37 billion dollars, reflecting its significant market presence and strong financial performance. Sanofi's diverse portfolio encompasses a wide range of therapeutic areas, including cardiovascular diseases, diabetes, vaccines, rare diseases, and oncology. Through its dedication to research and development, Sanofi continues to deliver groundbreaking treatments and contribute to the advancement of medical science.
#13 Merck & Co., Inc.
Employees: 74K
Revenue: 46B$
Website: https://www.merck.com
Description: Merck & Co., Inc., headquartered in Kenilworth, United States, is a leading pharmaceutical company operating in the healthcare industry. Founded in 1891, the company has a workforce of approximately 74,000 employees. Merck focuses on the research, development, manufacturing, and marketing of a wide range of innovative prescription drugs, vaccines, biologic therapies, and animal health products. The company is committed to improving health and well-being by addressing some of the world's most pressing health challenges, including cancer, infectious diseases, cardiovascular diseases, diabetes, and more. Merck's extensive portfolio of pharmaceutical products has made a significant impact on healthcare globally, and the company continues to invest in cutting-edge science and technology to drive advancements in the field. With a revenue of 46 billion dollars, Merck is dedicated to delivering breakthrough medicines and healthcare solutions that enhance and prolong lives.
#12 Novartis AG
Employees: 100K
Revenue: 48.7B$
Website: https://www.novartis.com
Description: Novartis AG, headquartered in Basel, Switzerland, is a leading global pharmaceutical company operating in the healthcare industry. Founded in 1996, Novartis is dedicated to discovering, developing, and manufacturing innovative medicines to improve and extend people's lives. With approximately 100,000 employees worldwide, Novartis focuses on a broad range of therapeutic areas, including oncology, cardiology, ophthalmology, immunology, and neuroscience. The company's portfolio encompasses both patented prescription drugs and generic medicines. Novartis is committed to leveraging scientific expertise and research capabilities to deliver transformative healthcare solutions and advance patient care globally. With a revenue of 48.7 billion dollars, Novartis continues to drive innovation and make a significant impact in the healthcare industry.
#11 HCA Healthcare, Inc.
Employees: 280K
Revenue: 51B$
Website: https://hcahealthcare.com
Description: HCA Healthcare, Inc. is a leading healthcare provider based in Nashville, United States. Founded in 1968, the company operates in the healthcare industry. With its headquarters located in Nashville, HCA Healthcare is committed to delivering high-quality healthcare services to patients across North America. The company has a workforce of approximately 280,000 employees, who are dedicated to providing compassionate care and innovative medical solutions. HCA Healthcare has generated impressive revenue of 51 billion dollars, making it one of the largest healthcare companies in the industry. Through its network of hospitals, outpatient centers, and physician practices, HCA Healthcare strives to improve the health and well-being of communities it serves.
#10 Pfizer Inc.
Employees: 78K
Revenue: 51.8B$
Website: https://www.pfizer.com
Description: Pfizer Inc., headquartered in New York City, United States, is a leading pharmaceutical company operating in the healthcare industry. Established in 1849, Pfizer has a long history of developing innovative medicines and vaccines to improve human health. With approximately 78,000 employees worldwide, Pfizer is committed to discovering breakthrough treatments for a wide range of medical conditions. The company's annual revenue reached 51.8 billion dollars, solidifying its position as one of the largest pharmaceutical companies globally. Pfizer's dedication to research and development, along with its global presence, has made it a trusted name in the healthcare industry.
#9 Roche Holdings AG
Employees: 98K
Revenue: 61.5B$
Website: https://www.roche.com
Description: Roche Holdings AG, headquartered in Basel, Switzerland, is a leading healthcare company operating in the pharmaceutical and diagnostics industries. Founded in 1896, Roche has grown to become one of the largest players in the global healthcare sector. With approximately 98,000 employees worldwide, the company is dedicated to advancing medical science and improving patient outcomes. Roche's extensive portfolio includes innovative prescription drugs, biologics, and diagnostics solutions, catering to diverse therapeutic areas such as oncology, immunology, infectious diseases, and neuroscience. The company's commitment to research and development fuels its mission to deliver groundbreaking treatments and diagnostic tools that address unmet medical needs. Roche's strong revenue of 61.5 billion dollars reflects its significant presence and success in the healthcare industry.
#8 Johnson & Johnson
Employees: 135K
Revenue: 82.1B$
Website: https://www.jnj.com
Description: Johnson & Johnson is a multinational healthcare company headquartered in New Brunswick, United States. Founded in 1886, the company has a workforce of approximately 135,000 employees. With a revenue of 82.1 billion dollars, Johnson & Johnson is one of the leading players in the healthcare industry. The company operates in various segments including consumer healthcare, pharmaceuticals, and medical devices. Johnson & Johnson's products and services range from over-the-counter medications and personal care products to prescription drugs and cutting-edge medical technologies. With a strong focus on innovation and research, the company strives to improve the health and well-being of people around the world.
#7 Centene Corporation
Employees: 70K
Revenue: 111B$
Website: https://www.centene.com
Description: Centene Corporation, headquartered in St. Louis, United States, is a prominent player in the healthcare industry. With a workforce of approximately 70,000 employees, the company operates across North America, providing a wide range of healthcare services. Since its founding in 1984, Centene has established itself as a leading provider of government-sponsored healthcare programs, including Medicaid, Medicare, and the Health Insurance Marketplace. The company's mission is to improve the health of its members and the communities it serves, focusing on delivering high-quality, affordable healthcare solutions. Centene's robust network of providers ensures access to comprehensive medical, behavioral, and pharmacy services. With an impressive revenue of 111 billion dollars, Centene continues to drive innovation and transform the healthcare landscape.
#6 Anthem, Inc.
Employees: 70K
Revenue: 120B$
Website: https://www.anthem.com
Description: Anthem, Inc. is a leading healthcare company based in Indianapolis, United States. With its headquarters in North America, Anthem operates in the healthcare industry, providing a wide range of health benefits and services to individuals, employers, and government programs. The company was founded in 2004 and has grown to employ approximately 70,000 employees globally. Anthem generates significant revenue, amounting to around 120 billion U.S. dollars. Through its comprehensive suite of health insurance products, Anthem aims to improve the health and well-being of its customers by offering innovative and affordable solutions.
#5 Cigna Corporation
Employees: 70K
Revenue: 160B$
Website: https://www.cigna.com
Description: Cigna Corporation, headquartered in Bloomfield, United States, is a prominent player in the healthcare industry. The company was founded in 1982 and currently employs approximately 70,000 people. With a revenue of 160 billion dollars, Cigna operates as a global health service company offering a wide range of healthcare solutions. Their services include medical, dental, behavioral health, pharmacy, vision, and supplemental insurance, catering to individuals, employers, healthcare professionals, and government organizations. Cigna is committed to improving the health and well-being of their customers by delivering personalized and accessible healthcare services. Through innovative technologies and strategic partnerships, they aim to provide affordable and high-quality care to millions of people worldwide.
#4 Cardinal Health, Inc.
Employees: 48K
Revenue: 170B$
Website: https://www.cardinalhealth.com/
Description: Cardinal Health, Inc. is a leading healthcare company based in Dublin, United States. Established in 1971, the company has grown to become a major player in the healthcare industry. With a workforce of approximately 48,000 employees, Cardinal Health operates on a global scale, providing a wide range of products and services to healthcare providers, pharmacies, and manufacturers. The company's annual revenue stands at a staggering 170 billion dollars, making it one of the largest companies in the industry. Cardinal Health is dedicated to improving the cost-effectiveness and efficiency of healthcare delivery, as well as enhancing patient care and outcomes. With its headquarters in Dublin, United States, Cardinal Health continues to innovate and lead in the healthcare sector.
#3 AmerisourceBergen Corporation
Employees: 21.5K
Revenue: 179.9B$
Website: https://www.amerisourcebergen.com
Description: AmerisourceBergen Corporation, headquartered in Chesterbrook, United States, is a leading healthcare company operating in the pharmaceutical distribution and related services industry. Founded in 2001, the company has grown to become one of the largest global healthcare solutions providers. With a workforce of approximately 21.5 thousand employees, AmerisourceBergen is committed to delivering innovative solutions and services that improve patient outcomes and enhance the efficiency of the healthcare industry. The company's revenue reached an impressive 179.9 billion dollars, solidifying its position as a major player in the healthcare sector. AmerisourceBergen collaborates with pharmaceutical manufacturers, pharmacies, hospitals, and other healthcare providers to ensure the safe and efficient distribution of pharmaceutical products and healthcare services to patients worldwide.
#2 McKesson Corporation
Employees: 78K
Revenue: 214B$
Website: https://www.mckesson.com/
Description: McKesson Corporation, headquartered in Irving, United States, is a prominent player in the healthcare industry. With a rich history dating back to 1833, McKesson has established itself as a leading provider of pharmaceuticals, medical supplies, and healthcare technology solutions. The company operates in various segments, including pharmaceutical distribution, healthcare technology, and medical supplies. McKesson's extensive network and logistics capabilities enable them to efficiently deliver vital medications and supplies to healthcare providers across North America. Additionally, the company offers innovative software solutions and consulting services to enhance patient care and optimize clinical operations. With a workforce of approximately 78,000 employees, McKesson generates substantial revenue of around 214 billion dollars, solidifying its position as a key player in the healthcare industry.
#1 UnitedHealth Group Incorporated
Employees: 325K
Revenue: 242B$
Website: https://www.unitedhealthgroup.com/
Description: UnitedHealth Group Incorporated is a leading healthcare company headquartered in Minnetonka, United States. With a workforce of approximately 325,000 employees, the company operates in the healthcare industry, offering a wide range of services and products. UnitedHealth Group provides health benefits through its two distinct platforms: UnitedHealthcare, which offers health insurance plans and services, and Optum, which focuses on providing health services and innovative solutions. The company's revenue reached an impressive 242 billion US dollars, making it one of the largest players in the healthcare sector. UnitedHealth Group is committed to improving the delivery and affordability of healthcare while enhancing the overall well-being of individuals and communities.
Summary
The healthcare sub-industry is home to several top companies that have made significant accomplishments in recent years. These companies have been ranked based on their financial performance, innovation, and overall impact on the healthcare sector. Some of the top companies include Johnson & Johnson, Pfizer, and Merck.
One unexpected finding is the rise of biotechnology companies in the healthcare sub-industry. These companies have been at the forefront of developing groundbreaking treatments and therapies, revolutionizing the way healthcare is delivered. Their focus on research and development has led to several breakthroughs in areas such as cancer treatment and genetic disorders.
Johnson & Johnson is one of the premier companies in the healthcare sub-industry. With a diverse portfolio of products ranging from pharmaceuticals to medical devices and consumer healthcare, Johnson & Johnson has established itself as a leader in the sector. The company has a strong focus on innovation and has been responsible for developing life-saving drugs and medical devices.
One shared element among the top companies is their commitment to research and development. These companies invest heavily in discovering new treatments and therapies, constantly pushing the boundaries of medical science. They also prioritize partnerships and collaborations with academic institutions and other industry players to accelerate innovation.
What sets these eminent companies apart is their ability to adapt to changing market dynamics and evolving patient needs. They have a deep understanding of the healthcare landscape and leverage technology to improve patient outcomes. These companies also prioritize patient-centric approaches, ensuring that their products and services meet the needs of individuals and healthcare providers alike.