Tacrolimus Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The tacrolimus market size has grown strongly in recent years. It will grow from $6.2 billion in 2023 to $6.59 billion in 2024 at a compound annual growth rate (CAGR) of 6.3%. The growth in the historic period can be attributed to advancements in transplantation medicine, increased organ transplant procedures, regulatory approvals, expanded applications in dermatology, prevalence of autoimmune diseases, increased research investments, and enhanced drug delivery technologies.
The tacrolimus market size is expected to see strong growth in the next few years. It will grow to $8.47 billion in 2028 at a compound annual growth rate (CAGR) of 6.5%. The growth in the forecast period can be attributed to expanded therapeutic applications, regulatory approvals for new indications, increased investment in research and development, growing awareness and acceptance of immunosuppressant therapies, expanding healthcare infrastructure in emerging markets, and evolving treatment guidelines and protocols. Major trends in the forecast period include increased adoption of personalized medicine approaches, advancements in drug delivery systems, expanding applications in autoimmune disorders, rising demand in emerging markets, growing emphasis on bioequivalence studies, development of novel formulations, and integration of pharmacogenomics for optimized dosing regimens.
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Scope Of Tacrolimus Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Tacrolimus Market Overview
Market Drivers –
The increase in the number of procedures for organ transplants is expected to propel the growth of the tacrolimus market going forward. Organ transplantation is the surgical replacement of a malfunctioning organ by putting an organ or tissue from the donor into another (the recipient). Organ transplantation rates are in need due to progress in medical technology, enhancements in surgical methods, heightened awareness about organ donation, and enhanced post-transplantation care. Tacrolimus helps in organ transplantation by inhibiting T-cell activation and reducing cytokine production, thereby preventing the immune system from rejecting the transplanted organ. For instance, in January 2024, according to the US Department of Health and Human Services, a US-based government administration for health services, transplantation of organs from deceased and living donors totaled 46,632. This signifies a rise of 8.7% compared to 2022 and a 12.7% increase compared to 2021. Therefore, the increase in the number of procedures for organ transplants is driving the tacrolimus market.
Market Trends –
Major companies operating in the tacrolimus market are developing advanced medications, such as tacrolimus ointments to meet the growing demand for innovative treatments for dermatological conditions while also enhancing patient care. Tacrolimus ointment is a topical treatment containing tacrolimus, an immunosuppressive agent primarily used for treating inflammatory skin conditions. For instance, in August 2023, Glenmark, an India-based pharmaceutical company, obtained approval from the United States Food and Drug Administration (US FDA) for Tacrolimus Ointment 0.03%, which is the generic counterpart of Protopic Ointment 0.03%. Glenmark Pharmaceuticals will oversee the distribution of Tacrolimus Ointment, 0.03%, within the United States. This medication is prescribed to treat moderate-to-severe atopic dermatitis, a skin condition that causes inflammation, redness, and itching.
The tacrolimus market covered in this report is segmented –
1) By Product Type: Tacrolimus Capsules And Tablets, Tacrolimus Ointment, Tacrolimus Injection, Tacrolimus Granules
2) By Application: Immunosuppression, Dermatitis, Other Applications
3) By End User: Organ Transplant Centers, Hospitals, Clinics, Other End Users
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Regional Insights –
North America was the largest region in the tacrolimus market in 2023 and 2024. The regions covered in the tacrolimus market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the tacrolimus market are Sinopharm Chuankang Pharmaceutical, F. Hoffmann-La Roche AG, Abbott Laboratories, Novartis AG, Viatris Inc., Teva Pharmaceutical Industries Limited, Astellas Pharma Inc, Sandoz Inc, Huadong Medicine Co Ltd, Dr. Reddy’s Laboratories Ltd., Cipla Limited, Hikma Pharmaceuticals, Lupin Limited, Zhejiang Hisun Pharmaceutical Co. Ltd., LEO Pharma A/S, Glenmark Pharmaceuticals Ltd., Torrent Pharmaceuticals Limited, Alembic Pharmaceuticals Limited, Wockhardt Limited, Biocon Ltd., Zydus Lifesciences Limited, Panacea Biotec, RPG Life Science, Sun Pharmaceutical Industries Limited, Tecoland Corporation
Table of Contents
1. Executive Summary
2. Tacrolimus Market Report Structure
3. Tacrolimus Market Trends And Strategies
4. Tacrolimus Market – Macro Economic Scenario
5. Tacrolimus Market Size And Growth
…..
27. Tacrolimus Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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