In 2026, Swiss-based Roche is projected to spend 14 billion U.S. dollars on pharmaceutical research and development. Other companies with high projected R&D expenditures are Merck, Pfizer, and Johnson & Johnson.
Expenditure per country
The United States is projected to spend between 605 and 635 billion U.S. dollars on medicine in 2025. Current expenditures, as well as future estimates for the United States, are significantly higher than those of other high-spending countries, such as Japan and Germany. Japan, for example, is expected to spend between 75 and 95 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 2020, headquartered in New Jersey, United States. The multinational company produces various pharmaceutical products, including Telara, Remicade, Zytiga, Imbruvica, and Darzalex. In 2020, Stelara was Johnson & Johnson’s top drug, earning the company almost 7.7 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 2026
(in billion U.S. dollars)
Characteristic
R&D spending in billion U.S. dollars
Roche
14
Johnson & Johnson
12.2
Merck & Co
11.4
Pfizer
10.5
Novartis
10
Bristol-Myers Squibb
9
AstraZeneca
8.6
Eli Lilly
8.1
GlaxoSmithKline
7.9
AbbVie
7.5
Created with Highcharts 7.2.2R&D spending in billion U.S. dollars141412.212.211.411.410.510.51010998.68.68.18.17.97.97.57.5RocheJohnson & JohnsonMerck & CoPfizerNovartisBristol-Myers SquibbAstraZenecaEli LillyGlaxoSmithKlineAbbVie
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Evaluate. (July 30, 2021). Global top 10 pharmaceutical companies based on projected R&D spending in 2026 (in billion U.S. dollars) [Graph]. In Statista. Retrieved February 19, 2025, from https://www.statista.com/statistics/309469/global-r-and-d-spending-for-pharmaceuticals-by-projected-top-10-companies/
Evaluate. "Global top 10 pharmaceutical companies based on projected R&D spending in 2026 (in billion U.S. dollars)." Chart. July 30, 2021. Statista. Accessed February 19, 2025. https://www.statista.com/statistics/309469/global-r-and-d-spending-for-pharmaceuticals-by-projected-top-10-companies/
Evaluate. (2021). Global top 10 pharmaceutical companies based on projected R&D spending in 2026 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: February 19, 2025. https://www.statista.com/statistics/309469/global-r-and-d-spending-for-pharmaceuticals-by-projected-top-10-companies/
Evaluate. "Global Top 10 Pharmaceutical Companies Based on Projected R&d Spending in 2026 (in Billion U.S. Dollars)." Statista, Statista Inc., 30 Jul 2021, https://www.statista.com/statistics/309469/global-r-and-d-spending-for-pharmaceuticals-by-projected-top-10-companies/
Evaluate, Global top 10 pharmaceutical companies based on projected R&D spending in 2026 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/309469/global-r-and-d-spending-for-pharmaceuticals-by-projected-top-10-companies/ (last visited February 19, 2025)
Global top 10 pharmaceutical companies based on projected R&D spending in 2026 (in billion U.S. dollars) [Graph], Evaluate, July 30, 2021. [Online]. Available: https://www.statista.com/statistics/309469/global-r-and-d-spending-for-pharmaceuticals-by-projected-top-10-companies/
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