Tacrolimus Market Size - By Product Type (Injections, Tablets and Capsules, Ointments, Granules), By Application (Dermatitis, Immunosuppression), By End-use (Hospitals, Specialty Clinics) & Forecast, 2024 – 2032
Report ID: GMI8362
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Published Date: March 2024
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Report Format: PDF
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Premium Report Details
Base Year: 2023
Companies covered: 11
Tables & Figures: 188
Countries covered: 22
Pages: 110
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Tacrolimus Market Size
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.
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.
Tacrolimus Market Trends
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.
Tacrolimus Market Analysis
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.
Tacrolimus Market Share
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.
Tacrolimus Market Companies
Some of the eminent market participants operating in the tacrolimus industry include:
Tacrolimus Industry News
The tacrolimus market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million from 2018 to 2032 for the following segments:
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Market, By Product Type
Market, By Application
Market, By End-use
The above information has been provided for the following regions and countries: