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 anticipated growth in the forecast period can be attributed to several factors, including 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 expected 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.
The upward trend in organ transplant procedures is poised to fuel the expansion of the tacrolimus market in the coming years. Organ transplantation involves surgically replacing a dysfunctional organ with a healthy one from a donor, a procedure vital for improving patient outcomes and quality of life. Factors such as advancements in medical technology, refined surgical techniques, increased awareness about organ donation, and improved post-transplant care contribute to the growing rates of organ transplantation. Tacrolimus plays a crucial role in organ transplantation by inhibiting T-cell activation and reducing cytokine production, thus preventing rejection of the transplanted organ by the recipient's immune system. For instance, in January 2024, the US Department of Health and Human Services reported a total of 46,632 organ transplant procedures from both deceased and living donors, marking an 8.7% increase from 2022 and a 12.7% increase from 2021. Consequently, the surge in organ transplant procedures is a key driver of the tacrolimus market.
Leading companies in the tacrolimus market are focusing on the development of advanced formulations, such as tacrolimus ointments, to cater to the rising demand for innovative treatments for dermatological conditions while also improving patient care. Tacrolimus ointment, containing the immunosuppressive agent tacrolimus, is primarily used to treat inflammatory skin conditions. For example, in August 2023, Glenmark, a pharmaceutical company based in India, received approval from the United States Food and Drug Administration (US FDA) for Tacrolimus Ointment 0.03%, a generic version of Protopic Ointment 0.03%. This medication is prescribed to manage moderate-to-severe atopic dermatitis, a skin condition characterized by inflammation, redness, and itching.
In January 2022, Aequus Pharmaceuticals Inc., a Canadian pharmaceutical company developing Tacrolimus Immediate Release, forged a partnership with Sandoz Inc. This collaboration aims to drive market growth and enhance the presence of tacrolimus, ensuring continued access to a cost-effective and high-quality solution for transplant-related needs across Canada. Sandoz Inc., headquartered in Switzerland, specializes in the production of generic medicines.
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.
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. The countries covered in the tacrolimus market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Tacrolimus is an immunosuppressive medication employed to forestall organ rejection following transplantation. It operates by reducing immune system activity, thus preventing the transplanted organ from being attacked.
The main product types of tacrolimus encompass tacrolimus capsules and tablets, tacrolimus ointment, tacrolimus injection, and tacrolimus granules. Tacrolimus capsules and tablets are pharmaceutical formulations containing tacrolimus, utilized to thwart organ rejection post-transplantation. They serve various purposes including immunosuppression and dermatitis management, and are utilized by diverse end users such as organ transplant centers, hospitals, clinics, and others.
The tacrolimus market research report is one of a series of new reports that provides tacrolimus market statistics, including tacrolimus industry global market size, regional shares, competitors with a tacrolimus market share, detailed tacrolimus market segments, market trends, and opportunities, and any further data you may need to thrive in the tacrolimus industry. This tacrolimus market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The tacrolimus market consists of sales of oral suspension, extended-release capsules, and extended-release tablets. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
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Table of Contents
Executive Summary
Tacrolimus Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on tacrolimus market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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Description
Where is the largest and fastest growing market for tacrolimus? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The tacrolimus market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
- The impact of higher inflation in many countries and the resulting spike in interest rates.
- The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
1) By Product Type: Tacrolimus Capsules And Tablets; Tacrolimus Ointment; Tacrolimus Injection; Tacrolimus Granules2) By Application: Immunosuppression; Dermatitis; Other Applications
3) By End User: Organ Transplant Centers; Hospitals; Clinics; Other End Users
Key Companies Mentioned: Sinopharm Chuankang Pharmaceutical; F. Hoffmann-La Roche AG; Abbott Laboratories; Novartis AG; Viatris Inc.
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: PDF, Word and Excel Data Dashboard.
Companies Mentioned
- 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 Information
Report Attribute | Details |
---|---|
No. of Pages | 175 |
Published | July 2024 |
Forecast Period | 2024 - 2028 |
Estimated Market Value ( USD | $ 6.59 Billion |
Forecasted Market Value ( USD | $ 8.47 Billion |
Compound Annual Growth Rate | 6.5% |
Regions Covered | Global |
No. of Companies Mentioned | 25 |