Top global pharmaceutical companies based on pharma revenue 2022
Top global pharmaceutical companies
The top pharmaceutical companies when based exclusively on prescription drug revenue with pharmaceutical products are Pfizer, AbbVie, and Johnson & Johnson, as of 2022. The companies generated 91 billion U.S. dollars, 56 billion U.S. dollars, and 50 billion U.S. dollars, respectively, in that year. Swiss company Novartis has not maintained its top 3 ranking from previous years. Novartis is a multinational company based in Basel, Switzerland. The company was established in 1996 through the merger of Swiss pharmaceutical companies, Ciba-Geigy and Sandoz Laboratories. One of Novartis' segment consists of over-the-counter drugs such as Excedrin, sold in the United States. This is a drug normally marketed as a headache pain reliever and sold in the form of a tablet or caplet.
From the United Sates, Johnson & Johnson remains one of the largest biotechnology and pharmaceutical companies as of 2022, generating some 50 billion U.S. dollars in total pharmaceuticals revenue. Johnson & Johnson’s revenue from the company’s top three drugs accounted for around 40 percent of the company’s total pharmaceutical revenues in 2022. In 2022, the U.S. pharma industry spent over 75 billion U.S. dollars within the country on pharmaceutical research and development and nearly 26 billion U.S. dollars abroad.