In this article we are going to list the 5 largest healthcare companies by market cap. For a detailed coverage of this topic and a more comprehensive list please take a look at the 15 largest healthcare companies by market cap.
5. CVS Health Corporation (NYSE:CVS)
Market cap as at December 24 2022 (in billions): 122.93
With over 10,000 locations in the U.S., CVS Health Corporation (NYSE:CVS) has a dominant presence in the country and in the healthcare sector. However, its share performance has suffered this year, dropping 10% YTD. CVS Health Corporation (NYSE:CVS) has recently moved into healthcare areas which it never touched before by acquiring Signify, a home health company, for around $8 billion in 2022.
4. Elevance Health Inc. (NYSE:ELV)
Market cap as at December 24 2022 (in billions): 123.43
Elevance Health Inc. (NYSE:ELV) is a health insurance company which gained double digits in share performance in YTD 2022. While healthcare has been a terrible industry to invest in recently, Elevance Health Inc. (NYSE:ELV) has been one of the few standout exceptions, which means it must have been doing something right that other companies failed to implement. Elevance Health Inc. (NYSE:ELV) registered a growth in premiums and increased its members to 47 million.
3. Danaher Corporation (NYSE:DHR)
Danaher Corporation (NYSE:DHR) is an American conglomerate which is primarily engaged in both the manufacture and supply of professional and medical equipment. Danaher Corporation (NYSE:DHR) recorded revenues of nearly $30 billion in 2021. To advance its reach in the healthcare industry, Danaher Corporation (NYSE:DHR) has acquired several life sciences companies such as Molecular Devices, Integrated DNA Technologies and Aldveron among numerous others.
2. Thermo Fisher Scientific Inc. (NYSE:TMO)
Market cap as at December 24 2022 (in billions): 212.053
Thermo Fisher Scientific Inc. (NYSE:TMO) is a healthcare company which provides laboratory equipment and instruments, which are generally used in the pharmaceutical industry and diagnostic products. Recently, Thermo Fisher Scientific Inc. (NYSE:TMO) announced that it was raising its greenhouse gases reduction target, which shows a greater emphasis on ESG, which is an integral aspect of considering investing opportunities for the future.
1. UnitedHealth Group Incorporated (NYSE:UNH)
Market cap as at December 24 2022 (in billions): 496.42
Easily topping the list of the 15 largest healthcare companies by market cap is UnitedHealth Group Incorporated (NYSE:UNH), which is worth nearly half a trillion dollars. Despite a year which has devastated most companies in the stock market, UnitedHealth Group Incorporated (NYSE:UNH) actually increased by nearly 6% YTD. Among the largest companies in the world by revenue regardless of industry, UnitedHealth Group Incorporated (NYSE:UNH) earned over $285 billion in 2021 alone, which resulted in net income of over $17 billion.
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