Published Date : 2025-Apr-23
Healthcare IT Services Market is expected to reach a value of $399.35 Billion by 2031, at a CAGR of 13.2 % over the forecast period (2024–2031). The market is a vital pillar in the modern healthcare ecosystem, streamlining clinical operations, data integration, and patient engagement through digital transformation.
Here's a curated list of the top companies leading this space in 2025.
Headquarters: Kansas City, Missouri, USA
Founded: 1979
Employees: Approx. 28,000+
Revenue 2024: Approx. $6.8 billion
Regional Strength: North America, EMEA
Overview: A pioneer in Electronic Health Records (EHR), now operating under Oracle Health after a $28B acquisition.
Headquarters: Verona, Wisconsin, USA
Founded: 1979
Employees: Approx. 13,000+
Revenue 2024: Approx. $4.5 billion (est.)
Regional Strength: USA, Canada, expanding into Europe
Overview: Epic leads EHR implementations in major hospitals across the U.S., known for patient portal "MyChart".
Headquarters: Irving, Texas, USA
Founded: 1833
Employees: Approx. 48,500
Revenue 2024: Approx. $290 billion (entire business), IT segment: Approx. $3 billion
Regional Strength: North America
Overview: A healthcare giant with strong IT and supply chain offerings, including automation and analytics.
Headquarters: Chicago, Illinois, USA
Founded: 1986
Employees: Approx. 7,000
Revenue 2024: Approx. $1.6 billion
Regional Strength: USA, Australia, UK
Overview: Offers open, connected EHR platforms and analytics for hospitals and clinics.
Headquarters: Erlangen, Germany
Founded: 2015 (as separate from Siemens AG)
Employees: Approx. 69,000
Revenue 2024: Approx. $23 billion (IT and imaging), IT est.: Approx. $2.3 billion
Regional Strength: Europe, Asia-Pacific
Overview: Combines diagnostics, AI, and health informatics in a highly integrated ecosystem.
Website: https://www.philips.com/healthcare
Headquarters: Amsterdam, Netherlands
Founded: 1891
Employees: Approx. 80,000+
Revenue 2024: Approx. $18.2 billion (IT: Approx. 1.8 billion)
Regional Strength: Europe, USA, Asia
Overview: Focuses on health informatics, telehealth, and patient monitoring systems.
Headquarters: Chicago, Illinois, USA
Founded: 1892
Employees: Approx. 51,000
Revenue 2024: Approx. $19 billion (Healthcare Tech + IT)
Regional Strength: North America, Asia
Overview: Leader in imaging and digital diagnostics, expanding into AI-powered health software.
Headquarters: Eden Prairie, Minnesota, USA
Founded: 2011
Employees: Approx. 110,000+
Revenue 2024: Approx. $226 billion (total), IT & analytics est.: Approx. $7 billion
Regional Strength: USA
Overview: Dominates in healthcare analytics, payer solutions, and claims management platforms.
Headquarters: Teaneck, New Jersey, USA
Founded: 1994
Employees: Approx. 355,000 (Healthcare division: Approx. 40,000)
Revenue 2024: Approx. $4.2 billion (Healthcare segment)
Regional Strength: Global
Overview: Offers consulting, AI, and cloud platforms for healthcare digital transformation.
Headquarters: Ann Arbor, Michigan, USA
Founded: 2022 (spin-off from IBM)
Employees: Approx. 2,000
Revenue 2024: Approx. $1 billion (est.)
Regional Strength: North America
Overview: Focuses on data analytics, population health, and real-world evidence in healthcare.
Headquarters: Bangalore, India
Founded: 1981
Employees: Approx. 18,000 (Healthcare segment)
Revenue (2024): Approx. $2.3 billion
Regional Presence: India, USA, Europe
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