Tacrolimus ointment market is anticipated to grow at a significant CAGR during the forecast period. Tacrolimus ointment suppresses the immune system and the inflammation by inhibiting an enzyme (calcineurin) crucial for the multiplication of T-cells, cells that are required for activation of the immune system. Tacrolimus ointment is a drug that is applied to the skin for the treatment of atopic dermatitis (eczema). Further, atopic dermatitis is a chronic (long-lasting) disease of the skin in which the skin becomes inflamed, causing itchiness, redness, swelling, cracking, weeping, crusting, and scaling. Moreover, tacrolimus ointment is available in two strengths such as 0.03% and 0.1%. 0.03% is suitable for use by children and 0.1% is suitable for use by adults.
Some major players in the market include Astellas Pharma Inc., GlaxoSmithKline plc, and Glenmark Pharmaceuticals Ltd., among others. The market players are contributing significantly to the growth of the market by the adoption of various strategies including mergers & acquisitions, geographical expansion, partnerships and collaborations, and new product launches, to stay competitive in the market. For instance, in November 2020, Glenmark Pharma has announced that the company has received final approval from the US health regulator Food and Drug Administration (FDA) for Tacrolimus Ointment, 0.1%, the generic version of Protopic Ointment, 0.1%, of Leo Pharma AS. In addition, according to IQVIATM sales data for the 12-month period ending February 2018, the Protopic Ointment, 0.1% market achieved annual sales of approximately $109.0 million.
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Market Coverage
- The market number available for – 2021-2029
- Base year- 2021
- Forecast period- 2023-2029
Segment Covered-
- By Product Type
- By Application
Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
Competitive Landscape- Astellas Pharma Inc., GlaxoSmithKline plc, and Glenmark Pharmaceuticals Ltd., among others.
A full Report of Tacrolimus Ointment Market is Available @ https://www.omrglobal.com/industry-reports/tacrolimus-ointment-market
Tacrolimus Ointment Market Report by Segment
By Product Type
- Ointment 0.1
- Ointment 0.03
By Application
- Adults
- Kids
Global Tacrolimus Ointment Market Report by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
- Latin America
- Middle East & Africa
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