World’s TOP 9 COMPANIES IN HEALTHCARE IT MARKET

Market Overview:

Global Healthcare IT Market is valued at USD 323.83 Billion in 2021 and estimated to reach a value of USD 1,075.06 Billion by 2028 at a CAGR of 18.7% during the forecast period, 2022–2028. Healthcare is expensive and complicated. Standards for Healthcare IT systems have not been established to a point where they are widely adopted by larger healthcare providers. The lack of standards creates issues with data sharing between providers, preventing quality care and potentially putting patient safety at risk.

Digitization of healthcare is one of the major issues focused among governments around the world.

Healthcare IT companies are highly competitive around the world with the presence of many big and small players. The healthcare clinical IT solutions market is highly fragmented in nature, with the top five players holding less than 25% of the overall market share.

Healthcare IT solutions promise to modernize and streamline healthcare and connect various stakeholders in the e-health market. Broadly defined, health IT refers to hardware and software, including electronic information systems, used to create, store, transmit, receive and analyze health information.

Following are the Top 9 Healthcare IT Companies:

• International Business Machine Corporation
• Cerner Corporation
• McKesson Corporation
• Allscripts Healthcare Solutions
• Koninklijke Philips N.V.
• UnitedHealth Group Incorporated 
• GE Healthcare
• Cognizant Technology Solutions Corporation 
• Athenahelath, Inc.

International Business Machine Corporation (IBM)

Established in 1911 and based in New York, U.S. headquartered in; International Business Machines (IBM) Corporation empowers leaders, advocates and influencers to solve the world's biggest health challenges. The company provides healthcare IT solutions through its subsidiary IBM Watson Health. With strong network of distribution and subsidiaries, the company has a presence in various regions such as North America, Asia-Pacific, Europe, Latin America and the Middle East & Africa.

Cerner Corporation

Established in 1979 and located in North Kansas City, Missouri, U.S.A. Headquartered here; Cerner Corporation is involved in creating and providing intelligent solutions and services for the healthcare industry. The company provides technology that connects people and systems through a wide range of services with over 27,000 provider facilities worldwide to meet the clinical, financial and operational needs of organizations of all sizes.

With a strong network of subsidiaries and distributors, the company has a geographical presence in Africa, Asia, Central America, Europe, the Middle East, North America, Oceania and South America.

McKesson Corporation

Established in 1833, it is located in San Francisco, California, USA. Headquartered here; McCann Corporation is involved in healthcare supply chain management solutions, retail pharmacy, community oncology and specialty care, and healthcare information technology. McCasan Distribution Solutions distributes branded and generic pharmaceutical drugs and other healthcare-related products and provides practice management, technology, clinical support and business solutions for community-based oncology and other specialized practices, while McCasan Technology Solutions supplies clinical, financial and healthcare organizations. Chain management solutions.

With a strong distribution network, the company has a geographical presence in North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa.

Allscripts Healthcare Solutions

Established in 1896 and located in Chicago, Illinois, U.S. Headquartered here; AllScripts Healthcare Solutions, Inc. Delivers information technology solutions and services to help healthcare organizations achieve optimal clinical, financial and operational results.

With a strong network of subsidiaries and distributors, the company has a presence in major countries such as the US, Canada, Australia and the United Kingdom. Allscripts Healthcare Solutions, Inc. Major subsidiaries of Misys Healthcare Systems, LLC, Careport Health, Inc. Allscripts Healthcare International Holdings, LLC, and more.

Koninklijke Philips N.V.

Established in 1891 and headquartered in Amsterdam, the Netherlands; Koninklijke Philips N.V. It operates worldwide as a health technology company. The company has five business divisions: Personal Health, Lighting, Diagnosis and Treatment, Connected Care and Health Informatics, and Healthtech.

With a strong network of more than 50 subsidiaries and distributors, the company has a worldwide presence in the US, India, China, Japan, Germany, France, the Netherlands and others.

UnitedHealth Group Incorporated 

Established in 1977 and located in Minnesota, USA Headquartered here; UnitedHealth Group Incorporated offers healthcare products and insurance services. The company also provides data and health information, advanced technology and clinical experts to meet the demands of the health system. The company has strategically aligned business platforms such as healthcare operating under UnitedHealthcare and healthcare operating under Optum.

The company has a geographical presence throughout North America, South America, Asia Pacific, Europe, and the Middle East.

GE Healthcare

Established in 1994, Chicago, Illinois, USA Headquartered here; GE Healthcare, a subsidiary of General Electric (GE), is working to provide IT solutions to enhance the operational efficiency of patient care and healthcare providers in the healthcare sector. The company offers its services and products to various medical institutes, hospitals, research institutes, pharmaceutical, biotechnology companies and life science research centers around the world. The company provides healthcare IT solutions in the healthcare digital business segment.

With its strong distribution network and subsidiaries, the company has a presence in various regions, including North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa. Major subsidiaries of GE Healthcare are Biacore, Amersham, Dharmacon, Inc., API Medi-physics, Healthcare, Inc., LLC, Omnyx, and more.

Cognizant Technology Solutions Corporation 

Established in 1994 and headquartered in Teaneck, New Jersey, U.S. Is here; Cognizant Technology Solutions Corporation provides IT services, including digital technology, consulting and operations services. The company provides healthcare IT solutions through the healthcare business division. With its strong distribution network and subsidiaries, the company has operations in North America, Asia-Pacific, Europe, Latin America and the Middle East and Africa.

Athena health, Inc.

Established in 1997 and based in Massachusetts, USA. Headquartered here; Athena health, Inc. It is a healthcare provider that partners with hospital and ambulance healthcare providers. The company operates through two business divisions, Business Services and Execution and others. The company provides network-enabled medical records, revenue cycles, patient engagement, care coordination and population health services through a single instance of cloud-based software within its business services division.

With its strong distribution network and subsidiaries, the company has a geographical presence in North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa.

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