In this article, we will be talking about the 5 most valuable digital health companies in the US. If you wish to learn about the global health market, head straight to the 20 Most Valuable Digital Health Companies In The US.
5. Simulations Plus, Inc. (NASDAQ:SLP)
Market Cap: 8.2 billion
Simulations Plus, Inc. (NASDAQ:SLP),one of the most valuable digital health companies in the US, is involved in significant healthcare conferences like Oppenheimer’s 34th Annual Healthcare Life Sciences Conference and BTIG. The latest trends in healthcare Simulations Plus, Inc. (NASDAQ:SLP) emphasize advanced technologies such as AI, virtual reality, and high-fidelity mannequins to enhance clinical performance. Looking ahead, there’s a shift towards accelerating medical device manufacturing through simulation to meet increased demand and improve patient quality of life with emerging technologies.
4. Veeva Systems Inc. (NYSE:VEEV)
Market Cap: 34.6 billion
Veeva Systems Inc. (NYSE:VEEV), a top digital health company in the US, recently achieved significant milestones and product developments. Over 350 companies have adopted Veeva training solutions for employee qualification processes, while Merck Healthcare Business has globally standardized Veeva CRM. Veeva introduced Vault CRM, winning its first customer in oncology biotech, with a general release planned for April 2024. Trends include patient-centric digital clinical trials and biopharmaceutical companies adopting end-to-end learning management systems. The upcoming launch of Veeva Systems Inc. (NYSE:VEEV)’s Vault CRM in April 2024 is anticipated to solidify its position in the digital health industry, offering innovative solutions for life sciences companies.
3. IQVIA Holdings Inc. (NYSE:IQV)
Market Cap: 42.72 billion
IQVIA Holdings Inc. (NYSE:IQV), a leading US digital health company, exceeded Wall Street estimates for fourth-quarter sales and profit in its drug research and development services. Despite FTC blocking its acquisition of Propel Media, IQVIA’s research and development and technological segments performed well. The company actively integrates digital data and analytics to enhance real-world evidence, emphasizing the importance of non-identified human data in healthcare advancement. Upcoming trends suggest a continued focus on leveraging digital tools and real-world evidence for healthcare innovation. IQVIA Holdings Inc. (NYSE:IQV)’s commitment to advancing digital health initiatives remains strong.
2. DexCom, Inc. (NASDAQ:DXCM)
Market Cap: 44.5 billion
DexCom, Inc. (NASDAQ:DXCM), based in San Diego, California, is a leader in diabetes care technology, specializing in continuous glucose monitoring (CGM) systems. DexCom, Inc. (NASDAQ:DXCM)’s latest innovation, the Dexcom G7 CGM System, has received FDA clearance, offering enhanced accuracy and ease of use. It’s the most connected CGM brand, allowing users to share glucose data with up to 10 followers and access reports via the Dexcom Clarity app. The system is compatible with smartphones, smartwatches, and dedicated receivers, catering to all diabetes patients aged two and above, including pregnant women.
1. CVS Health Corporation (NYSE:CVS)
Market Cap: 97.05 billion
CVS Health Corporation (NYSE:CVS), standing first among the most valuable digital health companies in the US, is heavily investing in digital health and technology, allocating up to $3 billion for enhancements. Recent developments include launching its Health Care Benefits business arm and introducing the CVS Healthspire brand. With over 55 million digital customers, CVS Health Corporation (NYSE:CVS) focuses on innovating consumer experiences. It integrates touch points with last-mile care services and invests in emerging tech like AI and robotics. The company plans to roll out CVS Healthspire publicly in 2024 and continue digital enhancements for long-term growth.
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