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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.
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.
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.
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.
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.