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Pharmaceutical Industry Workers

Employment Prospects


Approximately 294,250 people are employed in the pharmaceutical and medicine manufacturing industry. Pharmaceutical professionals are employed by pharmaceutical and biotech companies that manufacture prescription and over-the-counter products. There are about 100 major companies in the U.S. pharmaceutical industry, according to Pharmaceutical Research and Manufacturers of America (PhRMA). In 2018 alone, PhRMA's members invested $79.6 billion in research in development. The top 10 companies by revenue are referred to as “Big Pharma.” There are also more than 3,700 biotech companies in the United States, according to the Biotechnology Innovation Organization. Major pharmaceutical and biotech companies include Johnson & Johnson, Biogen, Pfizer, GlaxoSmithKline, Merck, and Bristol Myers Squibb.

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