Published on 12 Dec 2023 on Insider Monkey via Yahoo Finance

30 Largest Pharmaceutical Companies in the World

In this article, we will be taking a look at the 30 largest pharmaceutical companies in the world. To skip our detailed analysis, you can go directly to see the 10 Largest Pharmaceutical Companies in the World.

The world's leading pharmaceutical companies became the center of attention for people all over the world as a result of the dramatic spike in demand for drugs and vaccines following the Covid-19 pandemic. Some of the top pharmaceutical companies invested $200 billion in the research and development (R&D) of new drugs in 2020 to stay ahead of the competition.

Nevertheless, some of the most profitable pharmaceutical companies in the world are now focusing on emerging trends in the sector now that the pandemic is over. A prominent trend in the sector is the application of advanced technologies, like artificial intelligence, to speed up the development of new treatments for diseases like cancer, which accounted for the greatest number of deaths worldwide in 2020. Another significant trend is the emergence of precision medicine, a cutting-edge strategy for tailoring disease treatment and prevention that considers individual variability in genes, environment, and lifestyle for each person.