Tacrolimus Market
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Tacrolimus Market size was valued at USD 6.6 billion in 2023 and is expected to expand at a CAGR of 5.6% between 2024 and 2032. The rising number of organ transplant procedures and the increasing prevalence of autoimmune diseases are anticipated to be key drivers fueling the growth of the market.
The significant increase in the number of organ transplant procedures is attributed to various factors such as the increasing prevalence of end-stage organ failure, heightened awareness about organ donation, and advancements in procedural technology, among others. Conditions such as chronic kidney disease, liver cirrhosis, and heart failure, driven by aging populations and lifestyle-related diseases, have spurred the demand for transplantation as a life-saving measure.
Report Attribute | Details |
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Base Year: | 2023 |
Tacrolimus Market size in 2023: | USD 6.6 Billion |
Forecast Period: | 2024 – 2032 |
Forecast Period 2023 - 2032 CAGR: | 5.6 |
2023 Value Projection: | USD 10.8 Billion |
Historical Data for: | 2018 – 2023 |
No of Pages: | 110 |
Tables, Charts & Figures: | 188 |
Segments Covered: | Product Type, Application, End-use and Region |
Growth Drivers: |
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Pitfalls Challenges: |
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For instance, according to the United Network for Organ Sharing (UNOS), the U.S. recorded a record-breaking 42,887 organ transplant procedures in 2022, with over 14,000 deceased organ donors contributing to more than 36,400 transplants. These statistics underscore the global efforts and advancements in organ donation and transplantation, indicating a promising trajectory for the tacrolimus market.
Tacrolimus is a medication belonging to the class of drugs known as calcineurin inhibitors. It is primarily used in organ transplant recipients to prevent rejection of the transplanted organ by suppressing the immune system.
The increasing prevalence of autoimmune disorders, coupled with surging research and development activities aimed at developing more effective and promising drugs, is anticipated to emerge as the key contributors propelling the growth trajectory of the market.
Based on application, the tacrolimus market is segmented into dermatitis, immunosuppression, and other applications. The immunosuppression segment is poised to cross USD 6.4 billion by 2032.
Based on product type, the market is segmented into injections, tablets and capsules, ointments, and granules. The injections segment is expected to reach USD 4.1 billion by 2032.
The tacrolimus market by end-use is categorized into hospitals, specialty clinics, and other end-use. The hospital segment dominated around USD 3.3 billion revenue in 2023.
North America tacrolimus market accounted for USD 2.7 billion revenue in 2023 and is predicted to witness substantial growth over the analysis timeline.
The tacrolimus industry is competitive in nature, with several large multinationals and small and mid-sized companies competing in the industry. The development and launch of novel advanced products based on different formulations is among a key market strategy. Some of the leading industry players including Abbott Laboratories, Astellas Pharma Inc., Novartis AG, Biocon Ltd., and Glenmark Pharmaceuticals Ltd. among others have a notable presence in the market.
Some of the eminent market participants operating in the tacrolimus industry include:
Market, By Product Type
Market, By Application
Market, By End-use
The above information has been provided for the following regions and countries:
The market size of tacrolimus reached USD 6.6 billion in revenue in 2023 and is set to witness 5.6% CAGR from 2024 to 2032, led by the rising number of organ transplant procedures and the increasing prevalence of autoimmune diseases.
Some of the top companies engaged in the industry are Abbott Laboratories, Astellas Pharma Inc., Biocon Ltd., F. Hoffmann-La Roche Ltd, Glenmark Pharmaceuticals Ltd., GSK plc, Lupin Pharmaceuticals Ltd, Novartis, Pfizer Inc., Takeda Pharmaceutical Company Limited, and Viatris Inc.
North America market size was valued at USD 2.7 billion in 2023, owing to the presence of advanced healthcare infrastructure, including specialized transplant centers, hospitals, and clinics equipped to perform organ transplant surgeries.
The injections segment is estimated to account for USD 4.1 billion in revenue by 2032, owing to their increasing use in the critical post-operative period to ensure timely and effective immunosuppression, particularly in patients that are unable to tolerate oral medications.