Top 10 Largest Pharmaceutical Companies in the World: Who's Number One?

The pharmaceutical industry is a business sector that discovers, develops, manufactures, and markets medicines for various diseases. Unsurprisingly, a number of global pharmaceutical companies have fantastic market capitalizations.

So, who are the largest pharmaceutical companies in the world today?

Based on data from *Companies Market Cap*, Eli Lilly is the world's largest pharmaceutical company. This United States-based company had a market capitalization of US$524.94 billion on August 29, 2023.

*Companies Market Cap* also notes that the majority of the world's largest pharmaceutical companies are currently located in the US.

Below Eli Lilly is Johnson & Johnson, ranked second with a market capitalization of US$426.23 billion.

In third place is Novo Nordisk, recorded with a market capitalization of US$419.82 billion. Since its founding in 1923 in Denmark, Novo Nordisk has focused on developing treatments for diabetes, obesity, and other chronic diseases.

Here is a complete list of the top 10 pharmaceutical companies with the largest market capitalization in the world as of August 29, 2023:

1. Eli Lilly (United States): US$524.94 billion
2. Johnson & Johnson (United States): US$426.23 billion
3. Novo Nordisk (Denmark): US$419.82 billion
4. Merck (United States): US$277.45 billion
5. AbbVie (United States): US$259.32 billion
6. Roche (Switzerland): US$237.80 billion
7. AstraZeneca (United Kingdom): US$212.69 billion
8. Novartis (Switzerland): US$211.60 billion
9. Pfizer (United States): US$204.18 billion
10. Amgen (United States): US$136.83 billion

(See also: This is a List of Indonesia's Richest Pharmaceutical Bosses According to Forbes, Some of Whom Have Wealth Reaching Rp65 Trillion!)