10 Biggest Healthcare Companies Of The World By Revenue Collection

10. Centene Corp. (CNC)

Table 1

The 10^th position in the list of biggest healthcare companies have been taken over by Centene Corp. It was founded in the year of 1984 and since then it has been managing its business strongly. The headquarters of the company is situated in St. Louis, MO. The company offers a number of diverse services, even though its primary focus is providing programs and services that are associated with sponsored healthcare programs. There are two primary segments that are followed by the company, these are Managed Care and Specialty Services. The managed care segment offers health plan coverage to individuals via government subsidized programs through Medicaid. The specialty service of the company focuses on providing healthcare services and products to state programs, correctional facilities, healthcare organizations, employer groups, and other commercial organizations.  

The company has currently crossed the revenue mark of $74.6 billion leaving its competitors behind and taken up the 10^th position as one of the biggest healthcare companies of the world. Its market share in Medicaid has also increased by a significant amount, which is certainly a positive fact for the company.   

9. Johnson & Johnson (JNJ)

Table 2

In 9^th place, it is Johnson & Johnson. It is one of the oldest companies to still manage its manage to date. The company was founded in the year of 1886 by Robert Wood Johnson I, James Wood Johnson and Edward Mead Johnson Sr. the headquarters of the company is situated in New Brunswick, NJ. It is a holding company that focuses mainly in the area of research and development. It also manufactures and sales products related to healthcare. However, there are various segments that the company offers help in. The segments are Consumer Health, Pharmaceutical, and Medical Devices.

In consumer health Johnson & Johnson produces products like baby care, women's health, over-the-counter pharmaceutical, beauty and wound care. In pharmaceutical segment, it engages in therapeutic areas, such as, immunology, infectious diseases, neuroscience, oncology, pulmonary hypertension, and cardiovascular & metabolic diseases. The medical devices area covers products that are used in orthopedic, surgery, cardiovascular & neurovascular, and eye health fields.

8. Anthem Inc. (ANTM)

Table 3

In the 8^th position of the list of biggest healthcare companies of the world it is Anthem INC. the parent company was founded on 5^th July 1968. The headquarters of the parent company is situated in Jakarta, Indonesia. It is a healthcare insurance company to offer individual and employer-sponsored, Medicaid and Medicare services. In 2020, the company successfully completed acquisition of Beacon Health Options. It has gained the title of "the largest independently held behavioral health organization in the country serving more than 36 million people across all 50 states."

The collected revenue of this company is $104.2 billion, which is certainly more than J&J. however, in the area of market capture. The company has fell behind J&J, by a huge amount. However, it still remains as one of the most preferred healthcare companies of the world.

7. Walgreens Boots Alliance Inc. (WBA)

Table 4

Walgreens Boots Alliance Inc. was established in the year of 1901 by Charles R. Walgreen and John Boot. The headquarters of the company is situated in Deerfield, IL. It is the 7^th biggest healthcare company of the world with a revenue of $137.4 billion. The primary area in which the company focuses is the area of healthcare and retail pharmacy services. The segments that are followed by the company are, United States Retail Pharmacy, International, and United States Healthcare. The first segment offers retail drugstores, health and wellness services, specialty and home delivery pharmacy services, and equity method investment. The second segment offers pharmacy-led health and beauty retail businesses outside the US. It also includes the pharmaceutical wholesaling and distribution business in Germany. The third segment offers improved health outcomes under a lower cost for payors and providers through owned and partnered assets.

6. Cardinal Health Inc. (CAH)

Table 5

The 6^th place is acquired by Cardinal Health Inc, which was founded in the year of 1971 by Robert D. Walter. The headquarters of the company is situated in Dublin, Ireland. The company specializes in healthcare services and products. The primary area of service is associated with providing customized solutions for hospitals, healthcare systems, pharmacies, ambulatory surgery centers, clinical laboratories, and physician offices. Another area that is managed by the company is the area of producing medical products pharmaceuticals and cost-effective solutions to enhance supply chain efficiency.

The two primary segments followed by the company are Pharmaceutical and Medical segments. In the pharmaceutical segment the company offers distribution of branded and generic pharmaceutical, specialty pharmaceutical and over-the-counter healthcare and consumer products. On the other hand, the medical segment sources, distributes and manufacturers Cardinal Health branded medical, surgical, and laboratory products. The ventures of the company have always been successful, and this is one of the reasons why the company has generated a revenue of $149.7 billion.

5. Cigna Corp. (CI)

Table 6

Cigna Corp is known as one of the most preferred healthcare companies of the US and it is certainly not a surprise that the company has acquired the 5^th place in the list. the primary segments followed by the company are, Evernorth, U.S. Medical, International Markets, and Group Disability and Other. Evernorth offers an extended range of coordinated and point solution health services, including pharmacy solutions, benefits management solutions, care solutions and intelligence solutions. The second segment is indulged in Cigna's U.S. Commercial and U.S. Government businesses that provide comprehensive medical and coordinated solutions to clients and customers.

The third segment of the company offers supplemental health, life and accident insurance products and health care coverage in international markets. It also offers health care benefits to globally mobile employees of multinational organizations. The fourth segment of the company is associated with group disability and life, corporate-owned life insurance, and run-off business consisting of reinsurance, settlement authority, and individual life insurance and annuity and retirement benefits business.

4. AmerisourceBergen Corp. (ABC)

Table 7

AmerisourceBergen Corp. has acquired the 4^th position in the list of the biggest healthcare companies. The company started its journey in the year of 1947. The headquarters is situated in Conshohocken. The segments that are followed by the company are, Pharmaceutical Distribution Services and Other segments. The Pharmaceutical Distribution Service segment of the company offers brand-name, specialty brand-name and generic pharmaceuticals, over-the-counter healthcare products, home healthcare supplies and equipment, and related services to healthcare providers, it includes acute care hospitals and health systems, independent and chain retail pharmacies, mail order pharmacies, medical clinics, and long-term care and alternate site pharmacies.

The other segment is associated with global commercialization services and animal health, and includes AmerisourceBergen Consulting Services ABCS, World Courier, and MWI. The company is currently in the process of exiting PharMEDium compounding business. According to the company, this decision has been taken as a result of "ongoing operational, regulatory, and commercial challenges." However, that did not stop the company from generating a revenue of $182.1 billion, which is certainly a huge amount and the fourth largest amount in the industry.

3. McKesson Corp. (MCK)

Table 8

McKesson Corp. the company was founded in 1833, which makes it one of the oldest companies of the industry. It was founded by John McKesson and Charles Olcott and the headquarters is currently situated in Irving. The primary areas of business of the company are, supply chain management solutions, retail pharmacy, community oncology and specialty care, and healthcare information technology. The segments followed by the company are, U.S. Pharmaceutical, International, Medical-Surgical Solutions, and Prescription Technology Solutions.

The first segment is associated with distributing branded, generic, specialty, biosimilar and over-the-counter pharmaceutical drugs, and other healthcare-related products, provides practice management, technology, clinical support, and more. The second segment offers services to the wholesale, institutional, and retail customers in European countries and Canada. The third segment includes medical-surgical supply distribution, logistics, and other services to healthcare providers, including physician offices, surgery centers, nursing homes, hospital reference labs, and home health care agencies. The last segment is associated with CoverMyMeds, RelayHealth, RxCrossroads, and McKesson Prescription Automation, including Multi-Client Central Fill as a Service, to serve biopharma and life sciences partners and patients.

2. UnitedHealth Group Inc. (UNH)

Table 9

The second-biggest healthcare company of the world is UnitedHealth Group Inc. The company was founded in January 1977 by Richard T. Burke. The headquarters is located in Minnetonka. It operates its business in the areas of health care coverage, software, and data consultancy services. The segments followed by the company are, UnitedHealthcare, OptumHealth, OptumInsight, and OptumRx.

The first segment is associated with utilizing Optum's capabilities of helping coordinate patient care, improve affordability of medical care, analyze cost trends, manage pharmacy benefits, work with care providers more effectively, and create a simpler consumer experience. The second segment is associated with providing health and wellness care, serving the broad health care marketplace including payers, care providers, employers, government, life sciences companies, and consumers. The third segment operates in data and analytics, technology, and information to help major participants in the healthcare industry. And the last segment offers pharmacy care services.

1. CVS Health Corp. (CVS)

Table 10

CVS Health Corp. is officially the biggest healthcare company with a revenue of $257.3 billion. The company was founded in the year of 1963 by Stanley P. Goldstein and Ralph Hoagland. The headquarters of the company is located in Woonsocket. The operation of the company is associated with four primary segments, which are, Pharmacy Services, Retail or Long-Term Care, Health Care Benefits, and Corporate/Other.

The first segment offers pharmacy benefit management solutions. The second segment is associated with sale of prescription drugs and an assortment of health and wellness products, and general merchandise. The third segment handles the provision of traditional, voluntary, and consumer-directed health insurance products and related services, including medical, pharmacy, dental and behavioral health plans, medical management capabilities, Medicare Advantage and Medicare Supplement plans, Medicare Part D prescription drug plan, Medicaid health care management services, and health information technology products and services. And the last segment is associated with providing management and administrative services.