Johnson & Johnson (JNJ) is one of the world's largest pharmaceutical and medical device manufacturers, making it appealing because of its safety. Being a well-established pharmaceutical company, it could resist unfavorable headwinds.
Moreover, the high demand for pharmaceutical products owing to the increasing prevalence of disease, rapidly aging population, and increasing health expenditures is fueling the company's growth. The U.S. pharmacy market is projected to reach $861.67 billion by 2028, growing at a CAGR of 6.3%.
