Among the major players in this market are Philips Healthcare, Agfa Healthcare, Hewlett-Packard, GE Healthcare, E-MDS Inc., Athenahealth Inc., Carestream Health eClinicalworks, and Carestream Health Mckesson Corporation. This industry is highly concentrated, with frequent strategic alliances and mergers and acquisitions. In 2015, it was estimated that these companies spent $60 billion on technology and equipment.
The healthcare industry is a large one; its total value is about $700 billion. It is also a very competitive one, with many firms trying to enter the market by launching new products or seeking to expand into new geographical markets. Some firms have tried to gain market share by making use of their financial strength: A few years ago, for example, Philips made a bid for Siemens' business, but was outbid by Becton Dickinson.
The main type of product that firms in this market produce is medical devices. These can be divided up into four main categories: diagnostic tools; therapeutic appliances; nursing supplies; and information systems. Within these broad categories, there are many different subcategories. One important distinction is between active and passive devices. Active devices require an electrical power source to work; they cannot operate without electricity. Passive devices can operate even when not connected to a power supply. For example, a thermometer will still give accurate readings even when not connected to a power source because it uses temperature sensors instead.
Sectra, Bruker, Avantor, Philips, Mindray, Siemens Healthineers, Taronis Technologies, Analogic, and Hill-Rom Holdings are among GE Healthcare's main rivals. GE Healthcare is a medical technology and digital solutions provider. It operates through three segments: Diagnostics, Medical Imaging, and Therapeutics.
Diagnostics includes laboratory products, radiography systems, and other diagnostic equipment. Medical Imaging provides CT scanners, MRI machines, and other imaging systems. The Pharmaceuticals segment offers drugs and biologics for treatment of disease and injuries, as well as devices for inpatient care and outpatient management.
What is the difference between Diagnostics and Medical Imaging? Diagnostic tools used by physicians to make a diagnosis include blood tests, X-rays, EKGs, and others. These tools measure the presence of disease or injury under the skin or inside the body's organs. Imaging technologies such as CT scans, MRIs, and PET scans are used to look at the structure of the body without invasive procedures. These images provide information about the presence of disease or injury that may not be apparent during a physical exam.
Medical Imaging encompasses all types of imaging technologies used to view the internal structure of the body.
The top eight healthcare corporations
According to Atlanta-based data and technology business LexisNexis Risk Solutions, a division of global analytics company RELX, the three largest home health providers in 2019 were Kindred at Home, Amedisys Inc. (Nasdaq: AMED), and LHC Group Inc. (Nasdaq: LHCG). AccentCare and Encompass Health (NYSE: EHC) rounded out the top five. These companies account for about 42% of the market.
Home health care services provide in-home medical treatment for people who need help managing their illness or injury. Services include physical therapy, occupational therapy, speech therapy, social work, nursing, and medical treatments such as intravenous antibiotics and dialysis. Patients may require some or all of these services on an ongoing basis.
What is unique about home health care? There are several factors that make home health care different from other types of medical care. The first difference is location. Because home health care services are provided in someone's own home, they can be done in rural areas where there are no other healthcare facilities. This advantage makes home health care a popular choice with patients who want to stay in their community but need specialized attention. Another factor is the level of expertise required by the caregiver to provide effective treatment. Since home health care often requires specific skills and knowledge that come with experience, only professionals with adequate training can provide quality services. Some caregivers are qualified through education and certification programs while others have received special training through organizations such as Area Agencies on Aging (AAA) or private practice groups.
UnitedHealthcare According to our data, UnitedHealthcare is the largest health insurance firm in terms of revenue, with a total revenue of more than $257 billion in 2020. Revenue rankings for health insurance companies
|4||Kaiser Permanente||$89 billion|
The top five medical supply wholesalers
According to our data, UnitedHealthcare Group was the largest health insurance firm in 2019, with a total revenue of more than $118 billion. Revenue rankings for health insurance companies