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The healthcare sector grew from $6,390 billion in 2010 to $7,600 billion in 2014 at a compound annual growth rate of 4.4%. The healthcare market is fragmented. The top five competitors in the market made up 8.8% of the total market share in 2014. McKessonwas the largest competitor with 2.3% of the market followed byCVS Healthwith 1.8% and UnitedHealth Group with 1.7%. Digitalization of information related to patients including medical history, diagnoses, medications, treatment plans, immunization dates, allergies, radiology images, and laboratory and test results is being made possible with Electronic Health Records (EHRs). Tailor-made or personalized health strategies aid in early detection and better treatment and management of disease.
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