Today we are going to be discussing the biggest healthcare companies by revenue, published by Insider Monkey recently. Unsurprisingly, the healthcare industry is among the biggest most lucrative industries across the world. Unsurprisingly – I say, because it should be the basic necessities, the truth is, people are willing to pay considerable amount for their health. Recognizing this, companies started to manufacture and trade millions of expensive and less costly products. By now, the healthcare industry has grown one of the most profitable industries, and its growth is predicted to increase at a CAGR of 5% from 2019 – 2023. The reason of this growth is to be searched in increasing ageing population in lots of countries, which needs further healthcare. On the other hand, employees who work in the healthcare, have been overburdened and underpaid for decades, and this also generated a big problem on the coronavirus pandemic out-breaking this year.
After this short introduction, let’s see what Insider Monkey has investigated for us about the largest healthcare companies. For now we have sorted out three companies, starting with number ten, where actually Johnson & Johnson (NYSE:JNJ). Total revenue until the end of the third quarter was $80,856 million. The company owns 250 subsidiaries and locations in more than fifty countries all over the world, and its products are sold in more than 175 countries. On the eighth spot there’s Anthem (NYSE:ANTM) having a total revenue of $117.540 million. It’s a health insurance company in the United States, having more than 40 million members. It’s also the largest profit managed healthcare company belonging to the Blue Cross Blue Shield Association. We finish our summarize with Cigna (NYSE:CI) standing on the fifth spot. The company reported a total value of $157,050 million until the end of the third quarter of 2020. Cigna is a US-based healthcare company operating in Medicare and Medicaid health products as well as accident, health and life insurance. For more information please skip ahead and jump to the list of the biggest healthcare companies by revenue.