In 2020, the top 10 Healthcare software vendors accounted for nearly 42% of the global Healthcare applications market which grew 3.8% to approach nearly $24.3 billion in Healthcare license, maintenance and subscription revenues.
Microsoft was the market leader with an 11.1% market share in license, maintenance and subscription revenues, followed by Cerner Corporation, athenahealth, Oracle, and Allscripts.
We ask the simple question: Who’s buying Healthcare applications from whom and why? And we provide the answers – supported by decades of research – to our clients around the world. (Sample from our Apps Database)
Through our forecast period, the Healthcare applications market size is expected to reach $26.2 billion by 2025, compared with $24.3 billion in 2020 at a compound annual growth rate of 1.5%.
| Exhibit 2: Worldwide Healthcare Software Market 2020-2025 Forecast, $M | |||
|---|---|---|---|
| Year | 2020 | 2025 | 2020-2025 CAGR, % |
| Total | 24294 | 26213 | 1.5% |
Source: Apps Run The World, December 2021
Top 10 Healthcare Software vendors
Healthcare (Healthcare providers, hospitals, physicians, clinics, hospices) – Electronic Health Record, Practice Management, Revenue cycle management, Financials, HR, Procurement
Consolidation among national healthcare providers will accelerate system standardization, while reimbursement cuts, especially by the US government, will prompt regionals to do the same in order to drive costs down. New E-Prescription rules, medical procedure code changes, health record systems will have a profound impact on workflow and revenue cycle management.
Here are the rankings of the top 10 Healthcare software vendors in 2020 and their market shares.
| Rank | Vendor | 2019 Healthcare Apps Revenues, $M | 2020 Healthcare Apps Revenues, $M | YoY Growth | 2020 Healthcare Market Share, % | Recent Developments |
|---|---|---|---|---|---|---|
| 1 | Microsoft | Subscribe | Subscribe | 6.0% | Subscribe | By augmenting the Microsoft Cloud for Healthcare with Nuance’s solutions, as well as the benefit of Nuance’s expertise and relationships with EHR systems providers, Microsoft will be better able to empower healthcare providers through the power of ambient clinical intelligence and other Microsoft cloud services. The acquisition will double Microsoft’s total addressable market (TAM) in the healthcare provider space, bringing the company’s TAM in healthcare to nearly $500 billion. Try Microsoft Apps. |
| 2 | Cerner Corporation | Subscribe | Subscribe | -0.2% | Subscribe | In April 2021, Cerner Corporation acquired Kantar Health, a division of Kantar Group. Kantar Health’s rich life sciences expertise will be combined with Cerner’s robust collection of real-world data (RWD) and technology and is expected to accelerate innovation in life sciences research and improve patient outcomes worldwide. |
| 3 | athenahealth | Subscribe | Subscribe | -5.8% | Subscribe | In November 2021, Athenahealth has entered an agreement to be jointly acquired by private equity firms Hellman & Friedman and Bain Capital for $17 billion. Athenahealth partners with more than 140,000 ambulatory care providers, throughout all 50 states and across more than 120 specialties, to accelerate the pace of healthcare innovation and support the delivery of leading clinical and financial outcomes. |
| 4 | Oracle | Subscribe | Subscribe | 9.0% | Subscribe | The Oracle Health Management System was first developed to manage COVID-19 testing, therapeutic, and vaccination programs in the United States. Oracle Health Management System Cloud Service ensures local governments and medical facilities can securely access data about the vaccination program and report a record of each successful job. |
| 5 | Allscripts | Subscribe | Subscribe | -18.0% | Subscribe | In March 2020 Allscripts launched a new software solution for specialty medication management, delivered by Veradigm, its business unit focused on the payer and life sciences. Veradigm’s AccelRx is designed to simplify meeting the requirements needed to dispense the increasing number of specialty medications being prescribed |
| 6 | Salesforce.com | Subscribe | Subscribe | 16.8% | Subscribe | In September 2021, Salesforce launched Health Cloud 2.0, a technology designed to empower businesses and governments to deliver better health and safety for their employees, customers, and communities. The Health Cloud 2.0 portfolio of products will be available to any business in any sector. |
| 7 | Epic Systems | Subscribe | Subscribe | 6.0% | Subscribe | Epic Systems is a provider of electronic health records systems that have more than 360 customers, including some of the largest health care systems in the world. Epic customers have exchanged more than 80 million medical records in the past 12 months. 69% of Stage 7 U.S.Hospitals, 71% of children’s hospitals, and 83% of Stage 7 Clinics use EpicCare. |
| 8 | SAP | Subscribe | Subscribe | 27.8% | Subscribe | In October 2021, SAP launched a virtual startup program focused on health sciences at SAP.iO Foundry Berlin. The eight international startups have been selected by a jury of SAP experts, partners and customers to join the program. Over the next months, the startups will have access to curated mentorship from SAP executives, exposure to SAP technology and application programming interfaces, and opportunities to collaborate with SAP customers around the world. |
| 9 | CompuGroup | Subscribe | Subscribe | -11% | Subscribe | In June 2021, CompuGroup acquired VISUS Health IT, a provider for Picture Archiving and Communication Systems and Healthcare Content Management in Germany. VISUS’s customer base consists of more than 1.500 facilities inpatient as well as outpatient. Today, more than 1.6 million professional users, including doctors, dentists, pharmacies, and other health professionals in outpatient and inpatient healthcare facilities trust CompuGroup Medical. |
| 10 | Nuance Communications Inc. | Subscribe | Subscribe | 8.0% | Subscribe | In April 2021, Microsoft agreed to acquire Nuance Communications, for $19.7 billion. |
| Subtotal | Subscribe | Subscribe | 1.5% | Subscribe | ||
| Other | Subscribe | Subscribe | 5.5% | Subscribe | ||
| Total | 23411 | 24294 | 3.8% | 100% |
Source: Apps Run The World, December 2021
Other Healthcare software providers included in the report are: Adobe, ADP, Allocate Software plc, Ansys Inc., ARCHIBUS, Ascom, Box Inc., Brightree, Resmed Company, Cegedim, Cisco Systems, Computer Programs and Systems Inc, Constellation Software Inc., Cornerstone OnDemand, Craneware plc, DATIS HR Cloud, Inc, DrFirst, Dropbox, eClinicalWorks, Edifecs, Inc, e-MDs, EMIS Health, Exela Technologies, Inc., Experian Health, Eyefinity, Fiserv, Genesys, GHX, Gusto, Health e(fx), HealthcareSource, HealthStream, Homecare Homebase, Huron, Hyland, Iatric Systems Inc., a Harris Computer Systems company, Influence Health, Infor, IQVIA, Kareo, Inc., Kronos Incorporated, Leasing Information Systems, Logibec, McKesson, MedeAnalytics Inc, MEDHOST, MEDITECH, Mediware Information Systems, Meridian Medical Management, NantHealth, NexTech Systems Inc., NextGen Healthcare, Nuance Communications Inc., Open Text Corporation, PDS, Qlik, Qualifacts Systems Inc., RingCentral, Roper Technologies, Inc., SAP, SAS Institute, SCC Soft Computer, SCI Solutions, SDB Ayton, ServiceNow, Siemens PLM Software, SSI Group, Technology Partners Inc., TeleTracking Tech Inc., TELUS Health, TMA Systems, Ultimate Software, Virgin Pulse, Vizient, Waystar, WebPT, Workday, XIFIN ,
Custom data cuts related to the Healthcare Applications market are available:
- Top 1000+ Healthcare Applications Vendors and Market Forecast 2020-2025
- 2020 Healthcare Applications Market By Functional Market (16 Markets)
- 2020 Healthcare Applications Market By Country (USA + 45 countries)
- 2020 Applications Market By Region (Americas, EMEA, APAC)
- 2020 Healthcare Applications Market By Revenue Type(License, Services, Hardware, Support and Maintenance, Cloud)
- 2020 Healthcare Applications Market By Customer Size (revenue, employee count, asset)
- 2020 Healthcare Applications Market By Channel (Direct vs Direct)
- 2020 Healthcare Applications Market By Product
Exhibit 4 shows our projections for the enterprise applications market by vertical segment, based on the buying preferences and the customer propensity to invest in new software within those industries as they continue to upgrade and replace many legacy industry-specific applications that have been identified and tracked in our Buyer Insight Database.
Healthcare Software Purchases Win/Loss Analysis As Part Of Enterprise Applications Buyer Insight Customer Database
On the buyer side, customers are investing in Healthcare systems based on new features and capabilities that are expected to replace their existing legacy systems. In many cases, competitive upgrades and replacements that could have a profound impact on future market-share changes will become more widespread.
Since 2010, our global team of researchers has been studying the patterns of the latest Healthcare software purchases by customers around the world, aggregating massive amounts of data points that form the basis of our forecast assumptions and perhaps the rise and fall of certain vendors and their products on a quarterly basis.
Updated continuously, our database features extensive win/loss analysis. Each year our research team identifies tens of thousands of these Healthcare customer wins and losses from public and proprietary sources.
The research results are being incorporated into regular updates in our Enterprise Applications Buyer Insight Customer Database. You can access the Quarterly Win/Loss Analysis Scoreboard and our Enterprise Applications Buyer Insight Customer Database by becoming a subscriber.
| Customer | Industry | Empl. | Revenue | Country | Vendor | New Product | Function |
| QMP Health | HealthCare | 200 | $60.0M | United States | Oracle | Oracle Autonomous Data Warehouse | Autonomous Database |
| The Leukemia & Lymphoma Society | Healthcare | 2200 | $400.0M | United States | Adaptive Insights | Adaptive Suite | Corporate Performance Management |
| Welcov Healthcare | Healthcare | 3500 | $850.0M | United States | ADP | ADP Vantage HCM | Human Capital Management |
| Parata Systems | Healthcare | 400 | $50.0M | United States | Aras | Aras PLM Platform | Product Lifecycle Management |
| Community Health Center of Lubbock | Healthcare | 141 | $20.0M | United States | Blackbaud | Blackbaud Financial Edge NXT | Enterprise Resource Planning |
| UHS | Healthcare | 83000 | $10.41B | United States | Cerner Corporation | Cerner Millennium Revenue Cycle Management | Revenue Cycle Management |
| University of South Alabama Health System | Healthcare | 3600 | $400.0M | United States | Cerner Corporation | Cerner Millennium | Enterprise Resource Planning |
| Waverly Health Center | Healthcare | 470 | $100.0M | United States | eClinicalWorks | eClinicalWorks Cloud EHR | Electronic Medical Records |
| Press Ganey Associates | Healthcare | 996 | $100.0M | United States | HealthStream | HealthStream Learning Center | Learning Management System |
| NorthStar Anesthesia | Healthcare | 2465 | $446.0M | United States | iCIMS | iCIMS Recruit Applicant Tracking System | Applicant Tracking System |
| Capital Region Medical Center (CRMC) | Healthcare | 1600 | $200.0M | United States | Infor | Infor CloudSuite Healthcare | Enterprise Resource Planning |
| CHRISTUS Health | Healthcare | 33000 | $4.92B | United States | Infor | Infor CloudSuite Healthcare | Enterprise Resource Planning |
| CHRISTUS Health | Healthcare | 33000 | $4.92B | United States | Kronos | Kronos Workforce Ready | Human Capital Management |
| HHS – Hospital Housekeeping Systems | Healthcare | 11000 | $600.0M | United States | Kronos | Kronos Workforce Central | Human Capital Management, Workforce Management |
| Mackenzie Health | HealthCare | 2900 | $300.0M | Canada | Kronos | Kronos Workforce Dimensions | Workforce Management |
| Mercy | Healthcare | 44000 | $5.00B | United States | Kronos | Kronos Workforce Central | Human Capital Management, Workforce Management |
| Southcoast Health | Healthcare | 7400 | $838.0M | United States | Kronos | Kronos Workforce Central | Human Capital Management, Workforce Management |
| Adventist Health | Healthcare | 35000 | $3.60B | United States | Oracle | Oracle ERP Cloud | Enterprise Resource Planning |
| Adventist Health | Healthcare | 35000 | $3.60B | United States | Oracle | Oracle EPM Cloud | Enterprise Performance Management |
| Adventist Health | Healthcare | 35000 | $3.60B | United States | Oracle | Oracle Analytics Cloud | Analytics and BI |
| QMP Health | HealthCare | 200 | $60.0M | United States | Oracle | Oracle Analytics Cloud | Analytics and BI |
| UW Health | Healthcare | 18000 | $2.90B | United States | Oracle | Oracle EPM Cloud | Enterprise Performance Management |
| UW Health | Healthcare | 18000 | $2.90B | United States | Oracle | Oracle ERP Cloud | Enterprise Resource Planning |
| UW Health | Healthcare | 18000 | $2.90B | United States | Oracle | Oracle HCM Cloud | Human Capital Management |
| UW Health | Healthcare | 18000 | $2.90B | United States | Oracle | Oracle SCM Cloud | Supply Chain Management |
| Mercy | Healthcare | 44000 | $5.00B | United States | SAP | SAP Predictive Analytics | Analytics and BI |
| Providence St. Joseph Health | Healthcare | 114000 | $23.00B | United States | SAP | SAP BusinessObjects Lumira | Data Discovery & Visualization |
| Silverado Senior Living | Healthcare | 4000 | $20.0M | United States | Ultimate Software | UltiPro Business Intelligence | Analytics and BI |
| Gentiva Health Services | Healthcare | 15000 | $2.00B | United States | Adaptive Insights | Adaptive Suite | Corporate Performance Management |
| Change Healthcare | Healthcare | 4000 | $2.00B | United States | Adobe Systems | Adobe Experience Manager | Web Content Management |
| Baptist Health South Florida | Healthcare | 15000 | $2.28B | United States | Cerner Corporation | Cerner Millennium | Enterprise Resource Planning |
| Boca Regional | Healthcare | 2100 | $430.0M | United States | Cerner Corporation | Cerner Millennium | Enterprise Resource Planning |
| Centra | Healthcare | 6000 | $2.50B | United States | Cerner Corporation | Cerner Millennium | Enterprise Resource Planning |
| IASIS Healthcare | Healthcare | 13400 | $2.80B | United States | Cerner Corporation | Cerner Millennium | Enterprise Resource Planning |
| Kaiser Permanente | Healthcare | 189302 | $60.70B | United States | Cerner Corporation | Cerner Millennium | Enterprise Resource Planning |
| Lake Health | Healthcare | 3500 | $1.20B | United States | Cerner Corporation | Cerner Millennium | Enterprise Resource Planning |
| McLaren Health Care Corporation | Healthcare | 22000 | $3.50B | United States | Cerner Corporation | Cerner Millennium | Enterprise Resource Planning |
| Missouri Delta Medical Center | Healthcare | 900 | $87.0M | United States | Cerner Corporation | Cerner Millennium | Enterprise Resource Planning |
| Sarah Bush Lincoln | Healthcare | 2200 | $250.0M | United States | Cerner Corporation | Cerner Millennium | Enterprise Resource Planning |
| SoutheastHEALTH | Healthcare | 1200 | $290.0M | United States | Cerner Corporation | Cerner Millennium | Enterprise Resource Planning |
| Tift Regional Med Ct | Healthcare | 2010 | $350.0M | United States | Cerner Corporation | Cerner Millennium | Enterprise Resource Planning |
| Western Connecticut Health Network | Healthcare | 4354 | $1.10B | United States | Cerner Corporation | Cerner Millennium | Enterprise Resource Planning |
| Advocare, LLC | Healthcare | 100 | $10.0M | United States | eClinicalWorks | eClinicalWorks Cloud EHR | Electronic Medical Records |
| UnitedHealth Group | Healthcare | 172000 | $157.00B | United States | IBM | IBM Emptoris | Contract Management |
| Halyard Health | Healthcare | 16500 | $1.70B | United States | JDA Software Group | JDA Supply Chain Software | Supply Chain Management |
| Orlando Health | Healthcare | 14000 | $595.0M | United States | Kronos | Kronos Workforce Central | Human Capital Management, Workforce Management |
| Transition Health | Healthcare | 50 | $5.0M | United States | Kronos | Kronos Workforce Central | Human Capital Management, Workforce Management |
| Affiliated Radiologists S.C. | Healthcare | 50 | $5.0M | United States | McKesson | McKesson Business Performance | Enterprise Resource Planning |
| Dominion Pathology Laboratories PC | Healthcare | 10 | $1.0M | United States | McKesson | McKesson Business Performance | Enterprise Resource Planning |
| ConcertoHealth | Healthcare | 280 | $30.0M | United States | Microsoft | Microsoft Dynamics GP | Enterprise Resource Planning |
| Highland Rivers Health | Healthcare | 220 | $20.0M | United States | Microsoft | Microsoft Dynamics GP | Enterprise Resource Planning |
| Home Health Depot | Healthcare | 260 | $32.0M | United States | Microsoft | Microsoft Dynamics GP | Enterprise Resource Planning |
| Little River Healthcare | Healthcare | 260 | $20.0M | United States | Microsoft | Microsoft Dynamics GP | Enterprise Resource Planning |
| Nobilis Health | Healthcare | 700 | $297.0M | United States | Microsoft | Microsoft Dynamics GP | Enterprise Resource Planning |
| TriHealth | Healthcare | 11000 | $1.80B | United States | Microsoft | Microsoft Dynamics GP | Enterprise Resource Planning |
| Molina Healthcare | Healthcare | 21000 | $14.18B | United States | Oracle | Oracle HCM Cloud | Human Capital Management |
| IMS Health | Healthcare | 8000 | $3.30B | United States | Salesforce | Service Cloud | Customer Service and Support |
| INTEGRIS Health | Healthcare | 7000 | $1.30B | United States | Salesforce | Service Cloud | Customer Service and Support |
| STANLEY Healthcare | Healthcare | 51250 | $11.32B | United States | Salesforce | Service Cloud | Customer Service and Support |
| L.A. Care Health Plan | Healthcare | 1500 | $350.0M | United States | SciQuest | Sciquest Source-to-Settle Suite | Procurement |
| Inova Health | Healthcare | 16000 | $3.00B | United States | Tableau | Tableau Software | Business Intelligence and Analytics |
| Providence St. Joseph Health | Healthcare | 114000 | $23.00B | United States | Tableau | Tableau Software | Business Intelligence and Analytics |
| Mid-Atlantic Health Care | Healthcare | 3700 | $1.00B | United States | Ultimate Software | UltiPro | Human Capital Management |
| Cerner | Healthcare | 22000 | $3.40B | United States | Workday | Workday HCM | Human Capital Management |
| CityMD Urgent Care NYC | Healthcare | 1000 | $400.0M | United States | Workday | Workday Planning | Planning, Budgeting, and Forecasting |
| Memorial Hermann Health System | Healthcare | 24000 | $4.00B | United States | Workday | Workday HCM | Human Capital Management |
| Premier Healthcare Services | Healthcare | 400 | $60.0M | United States | Workday | Workday Financial Management | Financial Management |
Source: Apps Run The World, December 2021
Further Readings
An expanded version of this report covers the top 1000+ Healthcare Software Vendors, offering in-depth analysis of the market dynamics, vendors’ Strengths, Customers, Opportunities, Risks and Ecosystems as well as their ability to gain Shares (SCORES) within their respective space. We also offer a win-loss analysis of the quarterly wins of these top vendors and whether incumbents and upstarts pose any real threat to their standing amid shifting market requirements and user preferences.
More Enterprise Applications Research Findings
Based on the latest annual survey of 3,000+ enterprise software vendors, Apps Run The World is releasing a number of dedicated reports, which profile the world’s 500 largest Enterprise Applications Vendors (Apps Top 500) and the world’s 500 largest Cloud Applications Vendors (Cloud Top 500) ranked by their 2015-2020 product revenues.
Their 2020 results are being broken down, sorted and ranked across 16 functional areas (from Analytics to Treasury and Risk Management) and by 21 vertical industries (from Aerospace to Utility), as shown in our Taxonomy. Further breakdowns by subvertical, country, company size, etc. are available as custom data cuts per special request.
Research Methodology
Each year our global team of researchers conducts an annual survey of thousands of enterprise software vendors by contacting them directly on their latest quarterly and annual revenues by country, functional area, and vertical market. We supplement their written responses with our own primary research to determine quarterly and yearly growth rates, In addition to customer wins to ascertain whether these are net new purchases or expansions of existing implementations.
Another dimension of our proactive research process is through continuous improvement of our customer database, which stores more than one million records on the enterprise software landscape of over 100,000 organizations around the world.
The database provides customer insight and contextual information on what types of enterprise software systems and other relevant technologies are they running and their propensity to invest further with their current or new suppliers as part of their overall IT transformation projects to stay competitive, fend off threats from disruptive forces, or comply with internal mandates to improve overall enterprise efficiency.
The result is a combination of supply-side data and demand-generation customer insight that allows our clients to better position themselves in anticipation of the next wave that will reshape the enterprise software marketplace for years to come.
