In 2021, the top 10 Healthcare software vendors accounted for nearly 42.9% of the global Healthcare applications market which grew 10.1% to approach nearly $26.7 billion in Healthcare license, maintenance and subscription revenues.
Microsoft was the market leader with an 13.3% 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 $29.1 billion by 2026, compared with $26.7 billion in 2021 at a compound annual growth rate of 3.7%.
| Exhibit 2: Worldwide Healthcare Software Market 2021-2026 Forecast, $M | |||
|---|---|---|---|
| Year | 2021 | 2026 | 2021-2026 CAGR, % |
| Total | 26753 | 29090 | 3.7% |
Source: Apps Run The World, September 2022
Top 10 Healthcare Software vendors
Healthcare (Healthcare providers, hospitals, physicians, clinics, hospices) – Electronic Health Records, 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 2021 and their market shares.
| Rank | Vendor | 2020 Healthcare Apps Revenues, $M | 2021 Healthcare Apps Revenues, $M | YoY Growth | 2021 Healthcare Market Share, % | Recent Developments |
|---|---|---|---|---|---|---|
| 1 | Microsoft | Subscribe | Subscribe | 8.9% | Subscribe | In 2022, Microsoft launched Microsoft Cloud for Healthcare. The managed service offering spans Microsoft Dynamics 365, Microsoft Azure, and Microsoft 365 and is designed to help health organizations manage operations. More than 1,600 instances of COVID-19 bots created with the Healthcare Bot Service went live in 23 countries between March and May of 2022. |
| 2 | Cerner Corporation | Subscribe | Subscribe | 2.0% | Subscribe | Cerner was acquired by Oracle in 2022 in a transaction valued at $28.3bn. Cerner will be organised as a dedicated industry business unit within Oracle and will be Oracle’s anchor asset to expand into healthcare and improve medical care for individuals and communities around the world. Cerner secured 331 new, expanded and extended contracts in Q1 2022, including Blanchard Valley Health System and Mountain Health Network. In the UK, has won more than $125 million in NHS contracts in the last year alone and was a key player in the country’s $11.3 billion National Programme for IT. |
| 3 | athenahealth | Subscribe | Subscribe | 10.0% | 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 160,000 providers and 110 million patients, to accelerate the pace of healthcare innovation and support the delivery of leading clinical and financial outcomes. |
| 4 | Oracle | Subscribe | Subscribe | 4.8% | Subscribe | Oracle has closed the acquisition of Cerner Corporation, a specialist in healthcare software, in a deal set to be worth $28.3 billion. Oracle intends to maintain and grow Cerner’s community presence, while utilising Oracle’s global footprint to reach new geographies faster. |
| 5 | Allscripts | Subscribe | Subscribe | -2.3% | Subscribe | Allscripts will sell the net assets of its hospital business segment for up to $700 million to Constellation Software’s subsidiary, N. Harris Computer Corporation. Harris will acquire a range of assets from the health IT company’s hospital and large physician practices segment, including Sunrise, Paragon, Touchworks, Opal, dbMotion, STAR and Healthquest solutions. |
| 6 | Salesforce | Subscribe | Subscribe | 17.7% | 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. In 2022, Salesforce tapped AWS to bring ‘intelligent document automation’ to Health Cloud. |
| 7 | CompuGroup | Subscribe | Subscribe | 13.1% | Subscribe | With the planned acquisition of Insight Health, CGM is accelerating its business in data-driven solutions, which is already one of the company’s fastest growing businesses. Insight Health, founded in 1999, offers innovative solutions for market and health care research in the German health care sector while applying the highest level of data protection. |
| 8 | Epic Systems | Subscribe | Subscribe | 7.7% | Subscribe | In 2022, around 190 health systems launched Epic EHR on their sites; it was Epic Systems’ most active implementation season in the history of Epic company. |
| 9 | SAP | Subscribe | Subscribe | 2.4% | Subscribe | SAP’s healthcare focus areas in 2022 are Workforce Management, Procurement, Supply Chain, Financials, and Embedded Data Analytics. A critical part of SAP’s healthcare go-to-market strategy is their partner ecosystem that leverages and extends their solution platform and business transformation service with depth and credibility for addressing specific customer and emerging market needs. |
| 10 | NextGen Healthcare | Subscribe | Subscribe | 7.6% | Subscribe | In 2022, NextGen Healthcare sold it’s dental software QSIDental to Planet DDS. NextGen Healthcare supports more than 100,000 providers with its ambulatory electronic health records (EHR) and practice management (PM) solutions. |
| Subtotal | Subscribe | Subscribe | 7.0% | Subscribe | ||
| Other | Subscribe | Subscribe | 12.6% | Subscribe | ||
| Total | 24294 | 26753 | 10.1% | 100% |
Source: Apps Run The World, September 2022
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, Google, Greenway Health, GHX, Gusto, Health e(fx), HealthcareSource, HealthStream, Homecare Homebase, Huron, Hyland, Iatric Systems Inc., a Harris Computer Systems company, Infor, IQVIA, 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, SDB Ayton, ServiceNow, Siemens Digital Industries Software, SSI Group, Technology Partners Inc., TeleTracking Tech Inc., TELUS Health, TMA Systems, UKG, Virgin Pulse, Vizient, Waystar, WebPT, Workday, WellSky, ex Mediware Information Systems, Inc., XIFIN, Zoom Video Communications, and others.
Custom data cuts related to the Healthcare Applications market are available:
- Top 1100+ Healthcare Applications Vendors and Market Forecast 2021-2026
- 2021 Healthcare Applications Market By Functional Market (16 Markets)
- 2021 Healthcare Applications Market By Country (USA + 45 countries)
- 2021 Applications Market By Region (Americas, EMEA, APAC)
- 2021 Healthcare Applications Market By Revenue Type(License, Services, Hardware, Support and Maintenance, Cloud)
- 2021 Healthcare Applications Market By Customer Size (revenue, employee count, asset)
- 2021 Healthcare Applications Market By Channel (Direct vs Direct)
- 2021 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, September 2022
Further Readings
An expanded version of this report covers the top 1100+ 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 2015-2021 product revenues.
Their 2021 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.
