Largest Healthcare Companies by Market Capitalization
Eli Lilly, founded in 1876 by a chemist and Union Army veteran, became the first company to mass-produce insulin and the polio vaccine — and today ranks among the most valuable healthcare companies in the world. Healthcare is one of 11 GICS sectors and consistently sits among the top three most weighted sectors in the S&P 500 Index.
The sector spans six distinct industries under the GICS framework, and pharmaceutical companies dominate the upper ranks of the largest healthcare companies by market capitalization. The biggest names tend to come from two areas: drug manufacturers with high-value patented therapies, and health insurance giants with massive revenue bases.
- Pharmaceuticals: Eli Lilly (LLY), AbbVie (ABBV), AstraZeneca (AZN), Novartis (NVS), Merck & Co. (MRK)
- Managed care & health insurance: UnitedHealth Group (UNH), which operates both insurance (UnitedHealthcare) and healthcare services (Optum)
- Medical devices & instruments: Abbott Laboratories (ABT), Intuitive Surgical (ISRG) — the latter specializing in robotic surgery equipment
- Biotechnology: Amgen (AMGN), alongside major pharma companies that also maintain biotech divisions
- Diagnostics & life sciences: Thermo Fisher Scientific (TMO), Roche Holding (ROG)
While U.S.-listed firms lead the rankings, European healthcare companies hold significant positions — Roche and Novartis trade in Switzerland, and AstraZeneca is listed in the UK. Emerging markets are also producing listed healthcare leaders, including names from China and Malaysia.
Demand for healthcare is price inelastic, meaning it remains relatively stable regardless of economic cycles. Structural growth drivers — aging populations, medical progress, and rising prosperity in emerging economies — support long-term expansion across the sector. The healthcare industry consumes over 10% of GDP in most developed nations.
Sector-focused ETFs include the Health Care Select Sector SPDR Fund (XLV), the Vanguard Health Care ETF (VHT), and the iShares Global Healthcare ETF (IXJ) for worldwide exposure.
Regulated brokerThe following table ranks the leading publicly traded healthcare companies by market capitalization across global exchanges, covering pharmaceuticals, biotechnology, medical devices, and managed care services.
| Stock | Price | Change % | Marketcap |
|---|---|---|---|
 UnitedHealth UNH | $414.25 | 1.64% | 376.20B |
 Elevance Health ELV | $390.00 | 3.17% | 84.58B |
 Cigna CI | $271.91 | 0.78% | 71.85B |
 HCA Healthcare HCA | $410.57 | 2.46% | 91.08B |
 McKesson MCK | $848.61 | 2.19% | 99.35B |
 CVS Health CVS | $99.15 | 5.05% | 126.51B |
 Siemens Healthineers SHL.DE | $45.16 | 0.62% | 50.54B |
Cencora COR | $317.02 | 3.51% | 61.68B |
Centene CNC | $67.99 | 6.12% | 33.59B |
Cardinal Health CAH | $237.74 | 1.79% | 55.68B |
Molina Healthcare MOH | $193.86 | 1.31% | 10.12B |
 Baxter BAX | $27.60 | 2.66% | 14.27B |
 Fresenius FRE.DE | $53.68 | 5.16% | 30.24B |
 AIER Eye Hospital 300015.SZ | $1.32 | 0.67% | 12.23B |
 Rede D'Or Sao Luiz RDOR3.SA | $6.77 | 0.49% | 14.77B |
Fresenius Medical Care FMS | $23.90 | 0.48% | 12.72B |
 JD Health 6618.HK | $5.02 | 0.41% | 16.01B |
 Tenet Healthcare THC | $261.91 | 3.39% | 21.09B |
 DaVita DVA | $186.62 | 18.15% | 11.98B |
 Universal Health Services UHS | $172.92 | 3.01% | 10.47B |
Sysmex 6869.T | $10.32 | 0.99% | 6.25B |
Fisher & Paykel Healthcare FPH.NZ | $25.22 | 1.68% | 14.81B |
 Apollo Hospitals APOLLOHOSP.NS | $93.46 | 1.55% | 0.013T |
Henry Schein HSIC | $88.46 | 0.74% | 10.08B |
Max Healthcare Institute MAXHEALTH.NS | $11.33 | 0.28% | 0.011T |
RaiaDrogasil RADL3.SA | $4.01 | 5.36% | 7.01B |
Chemed CHE | $538.18 | 0.29% | 7.03B |
HealthSouth EHC | $110.92 | 0.38% | 11.00B |
 Omega Healthcare OHI | $48.60 | 0.29% | 15.33B |
Bio-Rad Laboratories BIO | $342.70 | 2.95% | 9.17B |
Ramsay Health Care RHC.AX | $30.47 | 0.89% | 7.03B |
 M3, Inc 2413.T | $11.01 | 1.95% | 0.00735T |
The Ensign Group ENSG | $176.84 | 0.40% | 10.31B |
Medibank MPL.AX | $3.66 | 0.00% | 10.08B |
 Alibaba Health Information Technology 0241.HK | $0.46 | 0.56% | 7.45B |
Acadia Healthcare ACHC | $32.39 | 2.26% | 3.02B |
MatsukiyoCocokara 3088.T | $15.34 | 0.58% | 6.03B |
Hapvida HAPV3.SA | $2.26 | 2.12% | 1.07B |
Healthcare Realty HR | $20.32 | 0.22% | 7.13B |
Option Care Health OPCH | $23.32 | 1.56% | 3.49B |
Oscar Health OSCR | $30.63 | 0.82% | 9.23B |
Haemonetics HAE | $84.55 | 0.98% | 3.84B |
Doximity DOCS | $21.59 | 1.37% | 3.88B |
CorVel Corporation CRVL | $63.60 | 7.61% | 3.24B |
Fortis Healthcare FORTIS.NS | $9.70 | 0.84% | 7.33B |
Ebos Group EBO.NZ | $12.99 | 2.40% | 2.66B |
Clicks Group CLS.JO | $13.09 | 1.07% | 0.031B |
RadNet RDNT | $66.73 | 3.60% | 5.25B |
 PACS Group PACS | $45.29 | 1.07% | 7.17B |
Sotera Health SHC | $18.04 | 0.41% | 5.14B |
Evolent Health EVH | $3.10 | 0.32% | 348.69M |
 QuidelOrtho QDEL | $17.64 | 0.34% | 1.20B |
 GoodRx GDRX | $3.25 | 2.84% | 1.10B |
 LifeStance Health Group LFST | $10.47 | 2.00% | 4.00B |
Hims & Hers Health HIMS | $31.42 | 2.30% | 7.27B |
Redcare Pharmacy RDC.DE | $73.53 | 1.75% | 1.48B |
AMN Healthcare Services AMN | $33.16 | 0.27% | 1.29B |
Guardant Health GH | $164.19 | 2.75% | 22.03B |
Privia Health Group PRVA | $24.35 | 2.35% | 3.07B |
Agilon Health AGL | $111.13 | 17.25% | 1.85B |
Teladoc Health TDOC | $6.93 | 3.28% | 1.26B |
Premier PINC | $49.95 | 0.00% | 4.13B |
BrightSpring Health Services BTSG | $63.12 | 0.56% | 12.49B |
Addus HomeCare ADUS | $115.99 | 2.05% | 2.16B |
U.S. Physical Therapy USPH | $76.90 | 1.37% | 1.17B |
Ryman Healthcare RYM.NZ | $1.20 | 2.38% | 1.22B |
Dis-Chem Pharmacies DCP.JO | $1.82 | 0.43% | 0.016B |
Ramsay Générale de Santé GDS.PA | $12.54 | 0.91% | 1.38B |
 National Healthcare NHC | $214.31 | 2.94% | 3.35B |
Omnicell OMCL | $37.26 | 0.30% | 1.69B |
Alignment Healthcare ALHC | $13.77 | 1.81% | 2.86B |
AdaptHealth AHCO | $6.95 | 3.66% | 945.58M |
Terveystalo TTALO.HE | $8.65 | 0.40% | 1,097.38M |
Equasens EQS.PA | $38.55 | 1.06% | 579.50M |
Rhön-Klinikum RHK.DE | $14.50 | 1.56% | 970.59M |
FIGS FIGS | $10.86 | 0.05% | 1.81B |
OPKO Health OPK | $1.33 | 1.15% | 988.88M |
Life Healthcare Group LHC.JO | $0.697 | 0.61% | 0.00998B |
HealthStream HSTM | $28.46 | 4.50% | 831.46M |
Allscripts MDRX | $4.74 | 3.04% | 516.62M |
Healthcare Services Group HCSG | $22.92 | 0.99% | 1.57B |
Pediatrix Medical Group MD | $26.03 | 5.32% | 2.11B |
NRC Health NRC | $19.56 | 0.15% | 440.82M |
The Pennant Group PNTG | $39.09 | 1.23% | 1.36B |
Definitive Healthcare DH | $0.67 | 4.29% | 70.70M |
Diagnosticos da America (DASA) DASA3.SA | $0.558 | 5.17% | 0.698B |
COMPASS Pathways CMPS | $13.15 | 11.38% | 1.77B |
 InnovAge INNV | $11.02 | 1.52% | 1.50B |
Auna AUNA | $5.22 | 1.70% | 386.35M |
LifeMD LFMD | $3.83 | 1.92% | 184.99M |
Community Health Systems CYH | $3.03 | 2.20% | 426.55M |
Aveanna Healthcare AVAH | $9.34 | 0.27% | 2.03B |
Sonida Senior Living SNDA | $39.89 | 3.48% | 1.89B |
Talkspace TALK | $5.22 | 1.26% | 873.58M |
 Waterdrop Inc. WDH | $1.00 | 7.41% | 359.30M |
Clover Health Investments CLOV | $4.25 | 0.59% | 2.24B |
Health Catalyst HCAT | $2.29 | 0.44% | 169.22M |
P3 Health Partners PIII | $10.00 | 3.66% | 2.03B |
ModivCare MODV | $0.432 | 0.00% | 0.00000000000000 |
 YAKUODO HOLDINGS 7679.T | $10.81 | 0.77% | 0.21B |
DocGo DCGO | $0.624 | 4.39% | 61.61M |
Shalby SHALBY.NS | $1.70 | 1.68% | 0.183B |
M1 Kliniken AG M12.DE | $21.63 | 0.42% | 406.26M |
Mobile-health Network Solutions MNDR | $1.65 | 1.23% | 1.97M |
kneat.com FOBK.F | $4.56 | 0.00% | 440.08M |
OptimizeRx OPRX | $6.80 | 0.73% | 127.60M |
InfuSystem INFU | $12.71 | 3.17% | 256.51M |
American Well AMWL | $13.64 | 30.90% | 227.90M |
 111, Inc. YI | $3.60 | 1.91% | 31.67M |
The Oncology Institute TOI | $5.13 | 0.00% | 512.91M |
DocCheck AJ91.DE | $13.12 | 0.88% | 66.56M |
Movano MOVE | $11.86 | 13.62% | 327.76M |
Nutex Health NUTX | $157.15 | 0.41% | 1.08B |
Marpai MRAI | $2.23 | 1.36% | 56.40M |
CareMax CMAX | $0.00000000000000 | 0.00% | 0.00000000000000 |
Ontrak OTRK | $0.33 | 358.19% | 0.00000000000000 |
Novo Integrated Sciences NVOS | $0.0035 | 5.41% | 69.06K |
 Viveve Medical, Inc. VIVE | $0.0002 | 0.00% | 2.14K |