List of largest biomedical companies by revenue

The following is a list of independent pharmaceutical, biotechnology and medical companies listed on a stock exchange (as indicated) that have generated a revenue of at least US$10 billion, ranked by their revenue in the respective financial year.

It does not include biotechnology companies that are now owned by, or form a part of, larger pharmaceutical groups.

Ranking by revenue

The following table lists the largest biotechnology and pharmaceutical companies ranked by revenue in billion USD. The change column indicates the company's relative position in this list compared to its relative position in the preceding year; i.e., an increase would be moving closer to rank 1 and vice versa. Green cells indicate years where revenue increased compared to the preceding year. Red cells indicate those years where there has been a decrease.

Largest biotechnology and pharmaceutical companies ranked by revenue in billion USD.
Rank Chg Company Country Traded on 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014
1 Increase 1 Johnson & Johnson  USA NYSE: JNJ 85.16[1] 79.99[1] 93.78[2] 82.59[2] 82.06[3] 81.60[4] 76.50[5] 71.89[6] 70.10[7] 74.30[8]
2 Increase 1 Sinopharm  CHN SEHK: 1099 84.06[9] 80.19[10] 75.68[10] 71.75[11] 60.18[12] 48.75[13] 43.63[14] 36.56[15] 32.36[16] 28.32[17]
3 Increase 1 Roche  SUI SIX: ROG 68.48[18] 69.77[19] 67.83[20] 62.99[20] 63.85[21] 56.86[22] 57.37[23] 50.11[24] 47.70[25] 49.86[26]
4 Increase 1 Merck & Co.  USA NYSE: MRK 60.12[27] 59.28[28] 48.70[29] 41.52[29] 46.84[30] 42.30[31] 40.10[32] 39.80[33] 39.50[34] 42.24[35]
5 Decrease 4 Pfizer  USA NYSE: PFE 58.50[36] 100.33[37] 81.29[38] 41.91[39] 41.17[39] 40.83[39] 52.54[40] 52.82[41] 48.85[42] 49.61[43]
6 Steady AbbVie  USA NYSE: ABBV 54.32[44] 58.05[45] 56.20[46] 45.80[46] 33.27[47] 32.75[48] 28.22[49] 25.56[50] 22.82[51]
7 Steady Bayer  GER FWB: BAYN 51.72[52] 53.88[53] 49.46[54] 47.40[55] 48.02[56] 45.06[57] 37.94[58] 25.27[59] 24.09[60] 25.47[61]
8 Increase 1 Sanofi  FRA NYSE: SNY 46.84[62] 46.86[63] 43.24[64] 41.27[65] 39.28[66] 39.07[67] 42.91[68] 36.57[69] 36.73[70] 43.07[71]
9 Increase 2 AstraZeneca  GBR
 SWE		 LSE: AZN 45.81[72] 44.35[73] 37.42[74] 26.62[75] 24.38[76] 22.09[77] 22.47[78] 23.00[79] 24.71[80] 26.10[81]
10 Decrease 2 Novartis  SUI NYSE: NVS 45.44[82] 50.55[83] 51.63[84] 48.66[84] 47.45[85] 44.75[86] 49.11[87] 48.52[88] 49.41[89] 58.00[90]
11 Decrease 1 Bristol Myers Squibb  USA Nasdaq: BMY 45.01[91] 46.16[92] 46.39[93] 42.52[93] 26.15[94] 22.56[95] 20.80[96] 19.43[97] 16.56[98] 15.88[99]
12 Steady Abbott Laboratories  USA Nasdaq: ABT 40.11[100] 43.65[101] 43.08[102] 34.61[103] 31.90[104] 30.60[105] 27.39[106] 20.85[107] 20.41[108] 20.25[109]
13 Steady GlaxoSmithKline  GBR LSE: GSK 38.63[110] 36.14[111] 46.91[112] 46.17[113] 43.92[114] 43.14[115] 42.05[116] 34.79[117] 29.84[118] 37.96[119]
14 Increase 2 Eli Lilly & Co  USA NYSE: LLY 34.12[120] 28.54[121] 28.32[122] 24.54[123] 22.32[124] 21.49[125] 22.90[126] 21.22[127] 20.00[128] 19.62[129]
15 Increase 5 Novo Nordisk  DEN NYSE: NVO 33.83[130] 25.46[131] 21.66[132] 19.52[132] 18.30[133] 6.99[134] 18.77[135] 16.61[136] 16.06[137] 15.83[138]
16 Decrease 2 Shanghai Pharmaceuticals  CHN SSE: 601607 36.68[139] 32.33[140] 31.82[141] 29.29[141] 27.50[141] 23.45[141] 19.28[141] 17.80[142] 15.55[142] 13.62[142]
17 Decrease 2 Takeda Pharmaceutical  JPN TYO: 4502 30.24[143] 30.34[144] 29.31[145] 27.76[146] 31.17[147] 19.10[148] 16.70[149] 15.96[150] 14.93 16.84
18 Steady Amgen  USA Nasdaq: AMGN 28.19[151] 26.32[152] 25.98[153] 25.42[154] 23.40[155] 23.70[156] 22.80[157] 22.99[158] 21.66[159] 20.06[160]
19 Increase 1 Boehringer Ingelheim  GER Private 27.70[161] 25.90[162] 22.50[163] 22.40[164] 21.75[165] 21.67[166] 17.54[167] 16.41[167] 17.70[167]
20 Decrease 3 Gilead Sciences  USA Nasdaq: GILD 27.12[168] 27.28[169] 27.31[169] 24.69[170] 22.45[171] 22.13[172] 25.70[173] 30.39[173] 32.15[173] 24.47[173]
21 Increase 1 Siemens Healthineers  GER FWB: SHL 23.32[174] 23.09[175] 20.61[176] 16.56[176] 16.62[177] 15.37[178] 16.56[179] 14.25[179] 14.06[179]
22 Decrease 1 Merck Group  GER ETR: MRK 22.79[180] 23.64[181] 21.40[182] 20.08[183] 18.25[184] 16.48[185] 18.70[186] 16.62[187] 14.25[188] 15.29[189]
23 Steady Jointown Pharmaceutical  CHN SSE: 600998 21.15[190] 19.81[191] 18.04[192] 16.34[193] 14.67[194] 12.85[195] 10.90[196] 9.07[197] 7.31[198] 6.05[199]
24 Steady GE Healthcare  USA Nasdaq: GEHC 19.55[200] 18.34[201] 17.73[202] 18.01[203] 19.94[204] 19.78[204] 19.02[204] 18.21[204] 17.64[204]
25 Increase 2 Teva Pharmaceuticals  ISR Nasdaq: TEVA 15.85[205] 14.93[206] 15.88[207] 16.66[208] 16.89[209] 18.90[210] 22.40[211] 21.90[212] 20.00[213] 20.27[214]
26 Steady Kenvue  USA NYSE: KVUE 15.44[215] 14.95[215]
27 Decrease 1 Viatris  USA Nasdaq: VTRS 15.43[216] 16.22[217] 17.81[217] 11.95[218]
28 Decrease 1 Baxter International  USA NYSE: BAX 14.81[219] 15.11[220] 12.78[221] 11.63[222] 11.36[222] 11.13[223] 10.56[223] 10.16[224] 9.97[225] 10.72[226]
29 Steady Haleon  GBR LSE: HLN 14.29[227] 13.14[228] 11.77[229]
30 Steady Otsuka Holdings  JPN TYO: 4578 14.23[230] 13.05[231] 11.65[232] 11.06[232] 10.85[232] 10.04[232] 9.64[232] 9.29[232] 11.10[232] 9.52[232]
31 Steady Regeneron Pharmaceuticals  USA Nasdaq: REGN 13.12[233] 12.17[234] 16.07[235] 8.50[235] 7.86[236] 6.71[236] 5.87[236] 4.86[237] 4.10[238] 2.82[238]
32 Steady Astellas Pharma  JPN TYO: 4503 10.87[239] 10.08[240] 10.85[241] 11.29[241] 12.27[242] 12.07 12.63 11.48 10.49

See also

References

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