Fujimycin Market Trends, Business Overview, Industry Growth and Forecast to 2028

The global fujimycin market is anticipated to grow at a significant CAGR during the forecast period (2022-2028). Fujimycin is an immunosuppressive drug used mainly after an allogeneic organ transplant to lower the risk of organ rejection. It is also known as Tacrolimus. The major factor expected to drive the market growth is the increasing number of transplant surgeries globally along with its function to prevent rejection of a kidney, heart, liver, or lung transplant. According to the Health Resources & Services Administration (HRSA), 106,098 people (including men, women, and children) are waiting for lifesaving organ transplants in the US. Furthermore, the growing variety of severe inflammations such as uveitis, scleritis, keratoconjunctivitis sicca along with the increasing technological advancements in organ transplant procedures will drive the market growth during the forecast period. The market will grow further owing to new methods researched to match more donor organs with patients such as stem cell studies, trophic factor studies, and natural models.

Some major players in the market include Astellas Pharma Inc., Glenmark Pharmaceuticals Ltd., and Dr Reddy's Laboratories 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 Pharmaceutical Ltd. announced that the company received approval from the United States Food and Drug Administration (USFDA) for Tacrolimus capsules which are used as an immune suppressant. Further, the company added that the product is a generic version of Prograf Capsules of Astellas Pharm US, Inc. In addition, the capsule is an immunosuppressant and is used for preventing organ rejection in certain patients following liver, kidney, or heart transplants. The company said that the Tacrolimus Capsules USP are available in the strengths of 0.5 mg, 1 mg, and 5 mg, as approved by USFDA.

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Market Coverage
•The market number available for - 2021-2028
•Base year- 2021
•Forecast period- 2022-2028
•Segment Covered-
•By Type
•By Application
•Regions Covered-
•North America
•Europe
•Asia-Pacific
•Rest of the World

Competitive Landscape- Astellas Pharma Inc., Glenmark Pharmaceuticals Ltd., and Dr Reddy's Laboratories Ltd., among others.

A full report Fujimycin Market of is available at:  https://orionmarketreports.com/fujimycin-market/96239/

Global Fujimycin Market Report by Segment
By Type
•Capsule
•Ointment
•Injection
•Others
By Application
•Hospitals
•Clinics
•Others

Key questions addressed by the report
•What is the market growth rate?
•Which segment and region dominate the market in the base year?
•Which segment and region will project the fastest growth in the market?
•How has COVID-19 impacted the market?
•Deviation from the pre-COVID-19 forecast
•Most affected region and segment
•Who is the leader in the market?
•How players are addressing challenges to sustain growth?
•Where is the investment opportunity?

 

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This release was published on openPR.