Tacrolimus Market 2024 | Market Size, Key Drivers, Industry Developments, Share, Future Growth Prospects and Forecast To 2033

Global tacrolimus market size is expected to reach $8.47 Bn by 2028 at a rate of 6.5%, segmented as by product type, tacrolimus capsules and tablets, tacrolimus ointment, tacrolimus injection, tacrolimus granules

Jun 28, 2024 - 13:38

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Overview and Scope
Tacrolimus is an immunosuppressive medication used to prevent organ rejection post-transplantation. It functions by lowering immune system activity to stop the transplanted organ from being attacked by the immune system. Tacrolimus is used to prevent transplant rejection in the case of the kidney, heart, liver, or lung.

Sizing and Forecast
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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Segmentation & Regional Insights
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

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.

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Major Driver Impacting Market Growth
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.

Key Industry Players
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

The tacrolimus market report table of contents includes:

1. Executive Summary

2. Tacrolimus Market Characteristics

3. Tacrolimus Market Trends And Strategies

4. Tacrolimus Market - Macro Economic Scenario

5. Global Tacrolimus Market Size and Growth

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32. Global Tacrolimus Market Competitive Benchmarking

33. Global Tacrolimus Market Competitive Dashboard

34. Key Mergers And Acquisitions In The Tacrolimus Market

35. Tacrolimus Market Future Outlook and Potential Analysis

36. Appendix