Global pharmaceutical market - revenue distribution 2010-2023, by region
In 2023, the North American region accounted for over half of the pharmaceutical market revenue worldwide. Since 2010, North America’s revenue share has increased by 11 percent, while Japan’s share has decreased by over six percent.
Global pharmaceutical revenue
The global pharmaceutical market made a grand total of around 1.6 trillion U.S. dollars in 2023. 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 industry has been the United States recently.
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. The leading pharmaceutical and biotechnological company according to the latest ranking, in terms of total revenue, was Johnson & Johnson, which generated over 85 billion U.S. dollars in revenue in 2023. Other large American companies in the top ten rankings included AbVie, Pfizer, and Merck & Co.
