Global pharmaceutical market - revenue distribution 2010-2021, by region

In 2021, the North American region accounted for almost half of the pharmaceutical market revenue worldwide. Since 2010, North America’s revenue share has increased by 7.8 percent, while Japan’s share has decreased by 4.7 percent.

Global pharmaceutical revenue

The global pharmaceutical market made a grand total of more than 1.4 trillion U.S. dollars in 2021. Worldwide pharmaceutical revenue had seen a steady increase every single year since 2001, when the market’s value was about two-thirds smaller. The largest submarket within this branch has been the United States in recent years. Total pharmaceutical sales in the United States amounted to roughly 555 billion U.S. dollars, according to estimates as of Q3 2021.

Pharma and biotech top companies

The pharma industry is a large part of the healthcare branch and deals with the development and production of medical drugs. 2021’s leading pharmaceutical and biotechnological company according to the FT Global 500 ranking, in terms of total revenue, was Johnson & Johnson, which generated over 91 billion U.S. dollars in revenues that year. Other large American companies in the top ten rankings included AbVie, Pfizer, and Merck & Co.