Who are the Top 10 Healthcare Companies in the World
Companies that manufacture prescription products. Such as medications and medical equipment, and companies that offer medical services. Such as health insurance or hospital management, are listed in the healthcare industry.
Healthcare digitization is one of the primary goals of governments around the world. With the ubiquity of several large and small players. Top digital online healthcare companies to shop are highly competitive across the globe.
The demand for top rated healthcare companies is extremely competitive in nature. With the top digital healthcare companies representing less than 25% of the total market share. In the e-health market. Healthcare IT technologies promise to modernize and streamline healthcare and to connect multiple stakeholders. Health IT, narrowly defined, refers to hardware and software that is used to develop, archive, distribute, receive and interpret health information, particularly electronic information systems. Here are the top healthcare companies/ top 10 consumer healthcare companies/top 10 healthcare insurance companies as of March 2020 based on 12-month trailing (TTM) revenues.
#1 CVS Health Corp. (CVS)
(TTM) revenue: $257.3 billion
TTM (Net Income): $6.6 billion
Market Cap: 69.2 billion dollars
1-Year Total Return Trailing: -2.1 percent
Exchange: New York Stock Exchange
CVS Health Corp., one of the top healthcare companies, the parent company of a leading drugstore chain. Is one of the top firms in the area of pharmacy benefit management (PBM). Additionally, CVS has been a major player in healthcare with its 2018 takeover of Aetna.
#2 UnitedHealth Group Inc. (UNH)
Revenues (TTM): 240.3 billion dollars
TTM (Net Income): $13.8 billion
Market Cap: 184.8 billion dollars
1-Year Total Return Trailing: -19.8 percent
Exchange: New York Stock Exchange
UnitedHealth Group, one of the top rated healthcare companies is a health management organization to shop online for immunity related products that also offers hospital professionals data processing and consulting services. As well as pharmaceutical services. UnitedHealthcare, OptumHealth, OptumInsight, and OptumRx are the principal divisions.
#3 McKesson Corp. (MCK)
Revenue (TTM): 224.9 billion dollars
Net earnings (TTM): -917.0 million dollars
Market Cap: 18.7 billion dollars
1-Year Average Return Trailing: -1.2 percent
Exchange: New York Stock Exchange
In the US, Canada, and Europe, McKesson Corp. is a provider of pharmaceuticals and other medicinal goods. It is one of the top consumer healthcare companies. And top 10 healthcare insurance companies. Effective March 31, 2020, Bansi Nagji, executive vice president and chief planning and business growth officer. Will step down from this position. To smooth the transition. He will continue in an advisory capacity with the organization. Over the next few months, McKesson plans to name a replacement.
#4 AmerisourceBergen Corp. (ABC)
Revenue (TTM): 182.1 billion dollars
Operating Income (TTM): 649.4 million dollars
Market Cap: 15.2 billion dollars
1-Year Total Return Trailing: -4.4 percent
Exchange: New York Stock Exchange
AmerisourceBergen Corp. a top consumer healthcare company and top global healthcare companies is a pharmacy and medical equipment provider. As a result of ongoing operational, regulatory, and commercial challenges. The company is in the process of exiting its PharMEDium compounding market.
#5 Cigna Corp. (CI)
Revenue (TTM): 153.7 billion dollars
TTM (Net Income): $5.1 billion
Market Cap: 48.4 billion dollars
1-Year Total Return Trailing: -21.7 percent
Exchange: New York Stock Exchange
As well as managed care services, Cigna Corp. provides personal life, and accident insurance plans. It is one of the top healthcare companies in the world and top 10 consumer healthcare companies.
#6 Cardinal Health Inc. (CAH)
Revenue (TTM): 149.7 billion dollars
TTM (net income): -$4.2 billion
Market Cap: 12,0 billion dollars
1-Year Total Return Trailing: -12.3 percent
Exchange: New York Stock Exchange
Cardinal Health, top global healthcare companies and top healthcare companies in the world is a provider of medicinal, surgical, and laboratory products, as well as a source of materials for medications and healthcare. Jason Hollar will hold the post of CFO at Cardinal Health effective May 12, 2020. Most recently, he was the Chief Financial Officer (CFO) of Tenneco Inc., the automobile goods and services business (TEN).
#7 Walgreens Boots Alliance Inc. (WBA)
Revenue (TTM): 137.4 billion dollars
TTM (Net Income): $3.7 billion
Cap on the Market: $38.6 billion
1-Year Total Return Trailing: -27.8 percent
Exchange: Nasdaq
Under the names of Walgreens and Duane Reade, Walgreens Boots Alliance one of the top healthcare supply companies runs pharmacy stores in the U.S. as well as Boots drug stores in the U.K. Certain nations and separate ones. Walgreens has purchased a substantial number of retail sites from rival Rite Aid Corp. in the United States during recent years (RAD). As well as being the parent of online retailers such as Drugstore.com, VisionDirect.com, and Beauty.com, the company is now a provider of medications and medicinal devices.
#8 Anthem Inc. (ANTM)
Revenue (TTM): 104.2 billion dollars
TTM (Net Income): $4.8 billion
Cap on the Market: $44.1 billion
1-Year Total Return Trailing: -41.4 percent
Exchange: New York Stock Exchange
Anthem, one of the top healthcare supply companies is an organization that provides private, employer-sponsored, Medicare and Medicaid policies with health benefits. Anthem completed the purchase of Beacon Wellness Alternatives in 2020, “the biggest independently owned behavioural health organization in the country helping more than 36 million people across all 50 states.” And it has contributed a huge in growth of online shopping in healthcare.
#9 Johnson & Johnson (JNJ)
Revenue (TTM): 82.1 billion dollars
TTM (Net Income): $15.1 billion
Market Cap: 293,0 billion dollars
1-Year Total Return Trailing: -16.6 percent
Exchange: New York Stock Exchange
Johnson & Johnson manufacturers prescription pharmaceuticals, one of the top innovative healthcare companies medical equipment and over-the-counter pharmacy products. Among the best-known consumer goods is BAND-AID brand adhesive bandages. Johnson & Johnson advises investors to dismiss “fast-track solutions” that HIV therapy darunavir (DRV) might be successful against COVID-19. While acknowledging that they are collaborating with several organizations to produce “anecdotal, unsubstantiated reports” for the COVID-19 coronavirus. The organization screens different antiviral compounds, like darunavir. For potential therapies with COVID-19. However, it is too early to decide which if any, can prove to be successful.
#10 Centene Corp. (CNC)
Revenue (TTM): 74.6 billion dollars
TTM (net income): $1.3 billion
Cap on the Market: $26.7 billion
1-Year Total Return Trailing: -20.3 percent
Exchange: New York Stock Exchange
Centene Corp., one of the top innovative healthcare companies is a managed online shopping healthcare corporation focused on the management of services funded by the government. Centene purchased WellCare Health Plans Inc. in January 2020. Thus, raising its market share in the prescription drug plans for Medicaid, Medicare Advantage, and Medicare.
