Where Data Tells the Story
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This ranking shows the financial scale of the largest listed healthcare firms worldwide. UnitedHealth ($333B, US) towers over the sector, more than 3× the size of the next player. U.S. companies dominate the list — from insurers like Cigna ($82B) and Elevance ($81B) to providers like HCA Healthcare ($98B) and distributors such as McKesson ($94B) and Cencora ($61B).
International leaders also stand out: Siemens Healthineers ($62B, Germany) in medical technology, JD Health ($26B, China) in digital health, Dr. Sulaiman Al Habib ($26B, Saudi Arabia) in private healthcare, and Pro Medicus ($20B, Australia) in imaging software.
Takeaway: The U.S. remains the undisputed hub of healthcare giants, but regional champions in Europe, Asia, and the Middle East are scaling fast, reflecting the globalization of healthcare innovation and delivery.
Analysis: