Global top pharmaceutical companies based on R&D spending 2024

In 2024, Johnson & Johnson and Roche are each projected to spend about 10 billion U.S. dollars on pharmaceutical research and development. Other companies with high projected R&D expenditures are Novartis, Pfizer, and Bristol-Myers Squibb.

Expenditure per country

The United States is projected to spend between 625 and 655 billion U.S. dollars on medicine in 2023. Current expenditures, as well as future estimates for the United States, are significantly higher than those of other high-spending countries, such as China, Japan, and Germany. Japan, for example, is expected to spend between 89 and 93 billion U.S. dollars on pharmaceuticals that year.

Johnson & Johnson

Johnson & Johnson is a major pharmaceutical company, which had a total employee count of about 135 thousand people in 2018, headquartered in New Jersey, United States. The multinational company produces various pharmaceutical products, including Remicade, Zytiga, Imbruvica, and Darzalex. In 2018, Remicade was the Johnson & Johnson’s top drug, earning the company almost five and half billion U.S. dollars in revenue. However, Johnson & Johnson has also significant medical devices and consumer products divisions.

Global top 10 pharmaceutical companies based on projected R&D spending in 2024

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Release date

June 2019



Survey time period

as of May 2019

Supplementary notes

All values are projections.

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