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Next is J&J's medical devices business, followed by its consumer segment. J&J's growth stems primarily from the pharmaceuticals business. The company has a long list of blockbuster drugs, including autoimmune disease drugs Remicade and Stelara. J&J's fastest-growing drug, though, is Imbruvica. The drug is already approved for treating marginal zone lymphoma and is in late-stage clinical studies targeting six other indications. It's tempting to dismiss Johnson & Johnson's lower-growth business segments. However, the company's medical devices and consumer businesses are on track to contribute around $7.8 billion in operating profit for 2016. Even though the two segments aren't producing impressive growth, that's a lot of money. Johnson & Johnson has also made some key acquisitions that could improve the outlook for these business segments. In the third quarter of 2016, the company bought privately heldVogue International, which markets hair-care and personal products. J&J also announced two big deals last year to beef up its medical devices business.

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