Top 10 Healthcare Software Vendors and Market Forecast 2020-2025

Worldwide Healthcare Applications Market to reach $26.2 billion by 2025, compared with $24.3 billion in 2020 at a compound annual growth rate of 1.5%.

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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)

Top 10 Healthcare Software Vendors and Market Forecast 2020-2025
Exhibit 1 2020 Healthcare Applications Market Shares Split By Top 10 Healthcare Vendors and Others

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
Year202020252020-2025 CAGR, %
Total24294262131.5%

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.

RankVendor2019 Healthcare Apps Revenues, $M2020 Healthcare Apps Revenues, $MYoY Growth2020 Healthcare Market Share, %Recent Developments
1Microsoft Subscribe Subscribe6.0% SubscribeBy 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.
2Cerner Corporation Subscribe Subscribe-0.2% SubscribeIn 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.
3athenahealth Subscribe Subscribe-5.8% SubscribeIn 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.
4Oracle Subscribe Subscribe9.0% SubscribeThe 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.
5Allscripts Subscribe Subscribe-18.0% SubscribeIn 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
6Salesforce.com Subscribe Subscribe16.8% SubscribeIn 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.
7Epic Systems Subscribe Subscribe6.0% SubscribeEpic 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.
8SAP Subscribe Subscribe27.8% SubscribeIn 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.
9CompuGroup Subscribe Subscribe-11% SubscribeIn 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.
10Nuance Communications Inc. Subscribe Subscribe8.0% SubscribeIn April 2021, Microsoft agreed to acquire Nuance Communications, for $19.7 billion.
Subtotal Subscribe Subscribe1.5% Subscribe
Other Subscribe Subscribe5.5% Subscribe
Total23411242943.8%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.

Exhibit 4 - Worldwide Enterprise Applications Market Forecast 2020-2025, By Vertical Market, $M
Exhibit 4 – Worldwide Enterprise Applications Market Forecast 2020-2025, By Vertical Market, $M

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.

CustomerIndustryEmpl.RevenueCountryVendorNew ProductFunction
QMP HealthHealthCare200$60.0MUnited StatesOracleOracle Autonomous Data WarehouseAutonomous Database
The Leukemia & Lymphoma SocietyHealthcare2200$400.0MUnited StatesAdaptive InsightsAdaptive SuiteCorporate Performance Management
Welcov HealthcareHealthcare3500$850.0MUnited StatesADPADP Vantage HCMHuman Capital Management
Parata SystemsHealthcare400$50.0MUnited StatesArasAras PLM PlatformProduct Lifecycle Management
Community Health Center of LubbockHealthcare141$20.0MUnited StatesBlackbaudBlackbaud Financial Edge NXTEnterprise Resource Planning
UHSHealthcare83000$10.41BUnited StatesCerner CorporationCerner Millennium Revenue Cycle ManagementRevenue Cycle Management
University of South Alabama Health SystemHealthcare3600$400.0MUnited StatesCerner CorporationCerner MillenniumEnterprise Resource Planning
Waverly Health CenterHealthcare470$100.0MUnited StateseClinicalWorkseClinicalWorks Cloud EHRElectronic Medical Records
Press Ganey AssociatesHealthcare996$100.0MUnited StatesHealthStreamHealthStream Learning CenterLearning Management System
NorthStar AnesthesiaHealthcare2465$446.0MUnited StatesiCIMSiCIMS Recruit Applicant Tracking SystemApplicant Tracking System
Capital Region Medical Center (CRMC)Healthcare1600$200.0MUnited StatesInforInfor CloudSuite HealthcareEnterprise Resource Planning
CHRISTUS HealthHealthcare33000$4.92BUnited StatesInforInfor CloudSuite HealthcareEnterprise Resource Planning
CHRISTUS HealthHealthcare33000$4.92BUnited StatesKronosKronos Workforce ReadyHuman Capital Management
HHS – Hospital Housekeeping SystemsHealthcare11000$600.0MUnited StatesKronosKronos Workforce CentralHuman Capital Management, Workforce Management
Mackenzie HealthHealthCare2900$300.0MCanadaKronosKronos Workforce DimensionsWorkforce Management
MercyHealthcare44000$5.00BUnited StatesKronosKronos Workforce CentralHuman Capital Management, Workforce Management
Southcoast HealthHealthcare7400$838.0MUnited StatesKronosKronos Workforce CentralHuman Capital Management, Workforce Management
Adventist HealthHealthcare35000$3.60BUnited StatesOracleOracle ERP CloudEnterprise Resource Planning
Adventist HealthHealthcare35000$3.60BUnited StatesOracleOracle EPM CloudEnterprise Performance Management
Adventist HealthHealthcare35000$3.60BUnited StatesOracleOracle Analytics CloudAnalytics and BI
QMP HealthHealthCare200$60.0MUnited StatesOracleOracle Analytics CloudAnalytics and BI
UW HealthHealthcare18000$2.90BUnited StatesOracleOracle EPM CloudEnterprise Performance Management
UW HealthHealthcare18000$2.90BUnited StatesOracleOracle ERP CloudEnterprise Resource Planning
UW HealthHealthcare18000$2.90BUnited StatesOracleOracle HCM CloudHuman Capital Management
UW HealthHealthcare18000$2.90BUnited StatesOracleOracle SCM CloudSupply Chain Management
MercyHealthcare44000$5.00BUnited StatesSAPSAP Predictive AnalyticsAnalytics and BI
Providence St. Joseph HealthHealthcare114000$23.00BUnited StatesSAPSAP BusinessObjects LumiraData Discovery & Visualization
Silverado Senior LivingHealthcare4000$20.0MUnited StatesUltimate SoftwareUltiPro Business IntelligenceAnalytics and BI
Gentiva Health ServicesHealthcare15000$2.00BUnited StatesAdaptive InsightsAdaptive SuiteCorporate Performance Management
Change HealthcareHealthcare4000$2.00BUnited StatesAdobe SystemsAdobe Experience ManagerWeb Content Management
Baptist Health South FloridaHealthcare15000$2.28BUnited StatesCerner CorporationCerner MillenniumEnterprise Resource Planning
Boca RegionalHealthcare2100$430.0MUnited StatesCerner CorporationCerner MillenniumEnterprise Resource Planning
CentraHealthcare6000$2.50BUnited StatesCerner CorporationCerner MillenniumEnterprise Resource Planning
IASIS HealthcareHealthcare13400$2.80BUnited StatesCerner CorporationCerner MillenniumEnterprise Resource Planning
Kaiser PermanenteHealthcare189302$60.70BUnited StatesCerner CorporationCerner MillenniumEnterprise Resource Planning
Lake HealthHealthcare3500$1.20BUnited StatesCerner CorporationCerner MillenniumEnterprise Resource Planning
McLaren Health Care CorporationHealthcare22000$3.50BUnited StatesCerner CorporationCerner MillenniumEnterprise Resource Planning
Missouri Delta Medical CenterHealthcare900$87.0MUnited StatesCerner CorporationCerner MillenniumEnterprise Resource Planning
Sarah Bush LincolnHealthcare2200$250.0MUnited StatesCerner CorporationCerner MillenniumEnterprise Resource Planning
SoutheastHEALTHHealthcare1200$290.0MUnited StatesCerner CorporationCerner MillenniumEnterprise Resource Planning
Tift Regional Med CtHealthcare2010$350.0MUnited StatesCerner CorporationCerner MillenniumEnterprise Resource Planning
Western Connecticut Health NetworkHealthcare4354$1.10BUnited StatesCerner CorporationCerner MillenniumEnterprise Resource Planning
Advocare, LLCHealthcare100$10.0MUnited StateseClinicalWorkseClinicalWorks Cloud EHRElectronic Medical Records
UnitedHealth GroupHealthcare172000$157.00BUnited StatesIBMIBM EmptorisContract Management
Halyard HealthHealthcare16500$1.70BUnited StatesJDA Software GroupJDA Supply Chain SoftwareSupply Chain Management
Orlando HealthHealthcare14000$595.0MUnited StatesKronosKronos Workforce CentralHuman Capital Management, Workforce Management
Transition HealthHealthcare50$5.0MUnited StatesKronosKronos Workforce CentralHuman Capital Management, Workforce Management
Affiliated Radiologists S.C.Healthcare50$5.0MUnited StatesMcKessonMcKesson Business PerformanceEnterprise Resource Planning
Dominion Pathology Laboratories PCHealthcare10$1.0MUnited StatesMcKessonMcKesson Business PerformanceEnterprise Resource Planning
ConcertoHealthHealthcare280$30.0MUnited StatesMicrosoftMicrosoft Dynamics GPEnterprise Resource Planning
Highland Rivers HealthHealthcare220$20.0MUnited StatesMicrosoftMicrosoft Dynamics GPEnterprise Resource Planning
Home Health DepotHealthcare260$32.0MUnited StatesMicrosoftMicrosoft Dynamics GPEnterprise Resource Planning
Little River HealthcareHealthcare260$20.0MUnited StatesMicrosoftMicrosoft Dynamics GPEnterprise Resource Planning
Nobilis HealthHealthcare700$297.0MUnited StatesMicrosoftMicrosoft Dynamics GPEnterprise Resource Planning
TriHealthHealthcare11000$1.80BUnited StatesMicrosoftMicrosoft Dynamics GPEnterprise Resource Planning
Molina HealthcareHealthcare21000$14.18BUnited StatesOracleOracle HCM CloudHuman Capital Management
IMS HealthHealthcare8000$3.30BUnited StatesSalesforceService CloudCustomer Service and Support
INTEGRIS HealthHealthcare7000$1.30BUnited StatesSalesforceService CloudCustomer Service and Support
STANLEY HealthcareHealthcare51250$11.32BUnited StatesSalesforceService CloudCustomer Service and Support
L.A. Care Health PlanHealthcare1500$350.0MUnited StatesSciQuestSciquest Source-to-Settle SuiteProcurement
Inova HealthHealthcare16000$3.00BUnited StatesTableauTableau SoftwareBusiness Intelligence and Analytics
Providence St. Joseph HealthHealthcare114000$23.00BUnited StatesTableauTableau SoftwareBusiness Intelligence and Analytics
Mid-Atlantic Health CareHealthcare3700$1.00BUnited StatesUltimate SoftwareUltiProHuman Capital Management
CernerHealthcare22000$3.40BUnited StatesWorkdayWorkday HCMHuman Capital Management
CityMD Urgent Care NYCHealthcare1000$400.0MUnited StatesWorkdayWorkday PlanningPlanning, Budgeting, and Forecasting
Memorial Hermann Health SystemHealthcare24000$4.00BUnited StatesWorkdayWorkday HCMHuman Capital Management
Premier Healthcare ServicesHealthcare400$60.0MUnited StatesWorkdayWorkday Financial ManagementFinancial 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.