Tacrolimus Market is anticipated to Witness High Growth Owing to Rising Demand for Immunosupressants

The tacrolimus market comprises drugs that suppresses the immune system by blocking T-cell activation. Tacrolimus is majorly used to prevent rejection in organ transplant such as kidney, liver and heart transplants. It works by inhibiting calcineurin, which prevents the activation of T-cells, thereby suppressing the immune system. The increasing organ transplantation procedures and rising awareness regarding organ donation have augmented the demand for immunosuppressants including tacrolimus. As per the statistics provided by the Global Observatory on Donation and Transplantation, around 140,000 solid organ transplantations are performed each year globally. Moreover, the launch of generic versions of tacrolimus drugs has made the treatment affordable and more accessible. The rising prevalence of autoimmune diseases such as rheumatoid arthritis, multiple sclerosis etc. have also propelled the adoption of tacrolimus.

The Global tacrolimus Market is estimated to be valued at US$ 7822.21 Bn in 2024 and is expected to exhibit a CAGR of 7.1% over the forecast period 2024 to 2031.

Tacrolimus Market 
null


Key Takeaways

Key players operating in the tacrolimus market are Domtar Corporation, Medline Industries Inc., Cardinal Health, Attends Healthcare Products Inc., Kimberly-Clark Corporation, Dynarex Corporation, Tanga.com, Sarasota Medical, SCA, First Quality Enterprises Inc., Prevail, Cypress Medical Products LLC, Shield Healthcare LLC, 3M, McKesson Corporation, Ontex. The major players are focusing on new product launches, mergers & acquisitions and geographical expansions to gain market share. For instance, in 2020, Mylan N.V. expanded its generics portfolio in Europe with the launch of generic Tacrolimus capsules for organ transplant rejection prevention.

The rising awareness regarding organ donation and listing for transplantation presents significant growth opportunities for players in the tacrolimus market. As per the statistics provided by the organdonor.gov, over 106,000 patients are currently on the national transplant waiting list in the United States. Moreover, the increasing investment by both public and private players in developing novel formulations of tacrolimus with enhanced bioavailability and reduced side effects will further aid the market growth over the forecast period.

Geographically, North America dominates the Global Tacrolimus Market Demand owing to the increasing healthcare expenditure, high awareness about organ transplantation and rising prevalence of autoimmune diseases. However, Asia Pacific is anticipated to exhibit the highest CAGR over the forecast period owing to improving healthcare infrastructure and rising medical tourism in the region. Players are also expanding their presence in developing markets through collaborations with regional partners.

Market Drivers
- Rising number of organ transplantation procedures performed globally every year is the major factor augmenting the demand for immunosupressants like tacrolimus. As per statistics, around 140,000 solid organ transplantations are performed annually worldwide.

Market Restraints
- Higher cost of tacrolimus drugs compared to generic versions can restrain the market growth. Moreover, side effects associated with long term usage of tacrolimus like nephrotoxicity, diabetes mellitus, hypertension can also hamper the adoption of tacrolimus drugs to a certain extent.

Segment Analysis
The tacrolimus market can be segmented by formulation, therapeutic area, distribution channel, and region. Based on formulation, the extended-release capsule segment dominated the market in 2022 and is expected to continue its dominance during the forecast period. Extended-release capsules provide controlled and sustained release of the drug, maintain effective drug levels for a longer duration with reduced dosage, thereby improving patient compliance compared to conventional formulations.

Global Analysis
Regionally, North America accounted for the largest share of the global tacrolimus market in 2022. This is attributed to the rise in organ transplantation procedures, higher per capita income, advanced healthcare infrastructure, and presence of major market players. However, Asia Pacific is expected to witness the highest CAGR during the forecast period owing to growing cases of autoimmune disorders, improving healthcare infrastructure, rising medical tourism, and increasing demand for generic immunosuppressants from emerging economies like India and China. Japan, South Korea and other countries are witnessing increased utilization of tacrolimus owing to rise in aged population susceptible to neurodegenerative and cardiovascular diseases.

 

Get more insights on Tacrolimus Market

Comments

Post a Comment

Popular posts from this blog

Dolomite: A promising mineral for construction and agriculture industries

Image
Importance of Dolomite in construction Dolomite is one of the primary minerals used in construction industry globally. It is mainly used as an aggregate in road construction, concrete production and railway ballast. Dolomite aggregate is widely used in road construction due to its ability to withstand pressure and impact. Its high strength and durability makes it a suitable material for constructing highways, roads and bridges. Being resistant to weathering, dolomite roads last longer compared to other aggregates. Apart from aggregates, Dolomite is also used as a fluxing agent during steel manufacturing. Finely powdered dolomite is mixed with other fluxing materials in steel furnaces. The calcium-magnesium content of dolomite lowers the melting point and viscosity of slag, facilitating the steel making process. Dolomite flux also improves the fluidity and protects refractory linings of blast furnaces and basic oxygen furnaces. Another major construction application of dolomite is i
Read more

Endocrine Therapy Drugs: The Future of Cancer Treatment

Image
Endocrine therapy drugs (ETDs) have emerged as a breakthrough in the treatment of hormone-receptor positive cancers like breast, prostate and gynecological cancers. These targeted drugs work by blocking the effects of certain hormones like estrogen and progesterone that fuel the growth of cancer cells. With continuous advancements in research, ETDs are revolutionizing cancer management and improving outcomes for millions of patients worldwide. Types of ETDs A wide range of ETDs are available today which can be broadly classified into following categories: Aromatase Inhibitors Aromatase inhibitors like anastrozole, letrozole and exemestane work by blocking the enzyme aromatase which is responsible for the formation of estrogen in tissues. By reducing estrogen levels in the body, these drugs deprive hormone receptor positive breast cancer cells of the fuel required for their growth and proliferation. They are primarily used in postmenopausal women as a treatment for hormone recept
Read more

The Toxic Chemical Lurking in Our Daily Products: The Issue of Bisphenol A

Image
 Bisphenol A: An Overview Bisphenol A, commonly known as BPA, is a synthetic chemical that is primarily used in the production of polycarbonate plastics and epoxy resins. First developed in 1891, BPA acts as a monomer in the production of plastics and resins. These materials provide strength, durability and clarity to a wide range of products. However, over time, studies have linked BPA exposure to several health risks in both humans and animals. Prevalence in Daily Life BPA is highly prevalent in our daily lives due to its use in a variety of common consumer products and food containers. It is found in hard, clear plastic bottles for water as well as plastic containers and packaging for various canned and frozen foods. The chemical is also used in dental sealants and coatings on metal products like food cans. Even thermal paper commonly used for printing sales receipts contains BPA and leads to human exposure. The widespread use of BPA means humans are regularly exposed through our
Read more