Who are the Top 5 Pharma Companies Worldwide?

The pharmaceutical sector is expanding quickly. In recent years, the COVID-19 epidemic has caused problems, but pharmaceutical businesses have stayed adaptable. The development, approval, and marketing of new drugs drive market expansion. In fact, the global pharmaceutical packaging market was valued at USD 103.18 billion in 2021 and is expected to grow to USD 238.89 billion by 2032 at a CAGR of 9.9% during the forecast period of 2022-2030.

Pharmaceutical companies also play a crucial part in protecting public health and well-being. Their importance lies in their pursuit of groundbreaking innovation, research, and the consequences of life-saving medications. In this blog, Polaris Market Research has gathered a list of the top pharma companies.

Top Pharma Companies

Here are the top companies operating in the pharmaceutical industry globally.

1 Johnson & Johnson

Listed on the New York Stock Exchange, Johnson & Johnson (J&J) is a global American company that specializes in biotechnology, medical technologies, and pharmaceuticals. Its headquarters are based in New Brunswick, New Jersey. Three brothers, Robert Wood Johnson, James Wood Johnson, and Edward Mead Johnson, formed the company in 1886 and sold sterile surgical bandages that were ready to use.

2 AbbVie

The American pharmaceutical business AbbVie Inc. has its main office in North Chicago, Illinois. Abbott Laboratories stated on October 19, 2011, that it would spin off its research-based pharmaceutical producer sector and split into two publicly traded entities. On April 10, 2012, this spin-off business, AbbVie, was established. The company's main offering is the injectable drug Humira (adalimumab). It is authorized for the treatment of autoimmune conditions such as ulcerative colitis, rheumatoid arthritis, Crohn's disease, and plaque psoriasis.

3 Novartis

Swiss global pharmaceutical company Novartis AG is situated in Basel, Switzerland. One of the top pharma companies in the world, Novartis has been consistently ranked in the top five globally. In terms of sales, the company was ranked fourth in 2022. In 1996, Novartis was created through the combination of Sandoz and Ciba-Geigy.

4 Sanofi S.A.

The French international pharmaceutical and healthcare corporation Sanofi S.A. has its headquarters in Paris. The company was founded in 1973 and became Sanofi-Synthélabo in 1999 after merging with Synthélabo. Sanofi conducts research and development, manufactures, and markets pharmaceutical goods primarily for the prescription market, although it also produces over-the-counter drugs.

5 AstraZeneca

The headquarters of the British-Swedish multinational pharmaceutical and biotechnology business AstraZeneca plc are located in Cambridge, England's Cambridge Biomedical Campus. The Swedish Astra AB and the British Zeneca Group merged to form the firm in 1999. The firm's product line includes treatments for serious illnesses in oncology, inflammation, infection, neurology, gastrointestinal disorders, and respiratory disorders. It contributed to the Oxford-AstraZeneca COVID-19 vaccine's development.

The Closure

Above mentioned are some of the top pharma companies operating worldwide. Also, pharma companies are entering a new phase of innovation driven by disruptive technologies like artificial intelligence (AI). This means there is an unprecedented opportunity to discover new, life-saving, and transformative medicines. In fact, According to Polaris Market Research, the global artificial intelligence (AI) in pharmaceutical market is anticipated to grow at a CAGR of 31.2% during the forecast period of 2022 to 2029.