Top 10 Healthcare Software Vendors and Market Forecast 2017-2022

Worldwide Healthcare Applications Market to reach $20.9 billion by 2022, compared with $19.3 billion in 2017 at a compound annual growth rate of 1.6%.

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In 2017, the top 10 Healthcare software vendors accounted for nearly 43% of the global Healthcare applications market which grew 9.4% to approach nearly $19.3 billion in Healthcare license, maintenance and subscription revenues.

Cerner was the market leader with 12% market share in license, maintenance and subscription revenues, followed by athenahealth, Allscripts, Oracle and Microsoft.

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)

Exhibit 1 - 2017 Healthcare Applications Market Shares Split By Top 10 Healthcare Vendors and Others, %
Exhibit 1 – 2017 Healthcare Applications Market Shares Split By Top 10 Healthcare Vendors and Others, %

Through our forecast period, the Healthcare applications market is expected to reach $20.9 billion by 2022, compared with $19.3 billion in 2017 at a compound annual growth rate of 1.6%.

Exhibit 2: Worldwide Healthcare Software Market 2017-2022 Forecast, $M
Year 2017 2022 2017-2022 CAGR, %
Total 19310 20907 1.6%

Source: Apps Run The World, January 2019

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 profound impact on workflow and revenue cycle management.

Here are the rankings of the top 10 Healthcare software vendors in 2017 and their market shares.

Rank Vendor 2016 Healthcare Apps Revenues, $M 2017 Healthcare Apps Revenues, $M YoY Growth 2017 Healthcare Market Share, % Recent Developments
1 Cerner Corporation Subscribe Subscribe 6.3% Subscribe While Cerner focuses on digitally transforming healthcare providers, it also relies heavily on provider-sponsored health plans for population health and government sales to entities like Department of Defense and Veterans Affairs.
2 athenahealth Subscribe Subscribe 13.4% Subscribe Veritas Capital, which bought GE Healthcare assets, took athenahealth private.
3 Allscripts Subscribe Subscribe 16.6% Subscribe Partnering with Microsoft to develop an integrated model for clinical research, aiming to enhance clinical research design, conduct studies more efficiently and improve the research provider and participant experience. Allscripts also sold its behavioral health EHR unit Netsmart for $525 million to private equity firms.
4 Oracle Subscribe Subscribe 3.4% Subscribe Oracle has signed more than 22,000 Cloud ERP customers including many listed below. The number of Oracle Cloud ERP customers totals nearly 6,000 for Oracle ERP Cloud and 16,000 for NetSuite. Each quarter Oracle is migrating at least 200 customers of its on-premise ERP systems like E-Business Suite to the Cloud.
5 Microsoft Subscribe Subscribe 1.1% Subscribe Migrating legacy AX, C5, GP, NAV, and SL to Dynamics 365 for the Cloud remains the top priority for Microsoft’s evolving enterprise apps strategy, whose success will depend on strengthening ties with ISV partners in strategic verticals.
6 IBM Subscribe Subscribe -4.7% Subscribe IBM acquired Red Hat for Cloud security, while IBM unloaded Notes, Sterling and other assets to HCL.
7 CompuGroup Subscribe Subscribe -3.9% Subscribe CompuGroup acquired La-Well Systems GmbH for video consultation software elVi and La-Well Waiting Room TV for strengthening doctor-patient and doctor-to-doctor communication.
8 Epic Systems Subscribe Subscribe 11.5% Subscribe Epic’s all-encompassing EHR strategy may have to shift in wake of increased demand for interoperability with external systems.
9 eClinicalWorks Subscribe Subscribe 11.0% Subscribe eClinicalWorks expanded reach with its cloud-based offerings services, while strengthening telemedicine with its Healow mobile app.
10 Medical Information Technology Subscribe Subscribe 3.9% Subscribe Meditech appears to be on the rebound as it started migrating some customers to newer systems with product sales rising 13% in first nine months of 2018.
Subtotal Subscribe Subscribe 6.8% Subscribe
Other Subscribe Subscribe 11.4% Subscribe
Total Subscribe Subscribe 9.4% Subscribe

Source: Apps Run The World, January, 2019

Custom data cuts related to the Construction and Real Estate Applications market are available:

  • Top 800+ Healthcare Applications Vendors and Market Forecast 2017-2022
  • 2017 Healthcare Applications Market By Functional Market (16 Markets)
  • 2017 Healthcare Applications Market By Country (USA + 45 countries)
  • 2017 Healthcare Applications Market By Region (Americas, EMEA, APAC)
  • 2017 Healthcare Applications Market By Revenue Type (License, Services, Hardware, Support and Maintenance, Cloud)
  • 2017 Healthcare Applications Market By Customer Size (revenue, employee count, asset)
  • 2017 Healthcare Applications Market By Channel (Direct vs Direct)
  • 2017 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 2017-2022, By Vertical Industry, $M
Exhibit 4 – Worldwide Enterprise Applications Market Forecast 2017-2022, By Vertical Industry, $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 applications 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 have 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, January 2019

Further Readings

An expanded version of this report covers the top 800+ 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 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 2015-2017 product revenues.

Their 2017 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 conduct 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.

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