PUBLISHER: The Business Research Company | PRODUCT CODE: 1713686
PUBLISHER: The Business Research Company | PRODUCT CODE: 1713686
Tazarotene is a topical retinoid medication used mainly to treat acne, psoriasis, and various other skin conditions. It functions by influencing skin cell growth and decreasing inflammation, which aids in clearing acne lesions and improving skin texture.
Tazarotene comes in two primary purity levels >= 98% and >= 99%. The >= 98% purity level indicates a high degree of chemical purity, ensuring the product is at least 98% free of impurities, which is crucial for its effective and safe treatment of skin conditions. It is available in several formulations, including foam, cream, and gel, and is utilized for treating conditions such as psoriasis, acne, and sun-damaged skin.
The tazarotene market research report is one of a series of new reports from The Business Research Company that provides tazarotene market statistics, including tazarotene industry global market size, regional shares, competitors with a tazarotene market share, detailed tazarotene market segments, market trends and opportunities, and any further data you may need to thrive in the tazarotene industry. This tazarotene market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The tazarotene market size has grown strongly in recent years. It will grow from $4.25 billion in 2024 to $4.56 billion in 2025 at a compound annual growth rate (CAGR) of 7.5%. The growth in the historic period can be attributed to the increasing frequency of skin problems, the expanding public awareness of dermatological health, the growing need for efficient topical therapies, the rising demand for acne treatment, and the growing geriatric population and psoriasis treatment.
The tazarotene market size is expected to see strong growth in the next few years. It will grow to $6.02 billion in 2029 at a compound annual growth rate (CAGR) of 7.2%. The growth in the forecast period can be attributed to increasing demand from the cosmetics sector, increasing occurrence of skin diseases, increasing pollution, a high intake of junk food and a hectic lifestyle, and a rise in healthcare expenditure. Major trends in the forecast period include new advancements in production technologies, the development of novel tazarotene formulations, new product launches, increasing emphasis on personalized medicine, and the expansion of global market reach.
The rising incidence of skin diseases is expected to drive growth in the tazarotene market. Skin diseases encompass a variety of conditions that affect the skin's appearance, structure, and function, often leading to symptoms such as rash, itching, inflammation, or lesions. This increase in skin disease prevalence is attributed to factors such as higher pollution levels, changing climate conditions, lifestyle choices, genetic factors, and greater exposure to allergens and irritants. Tazarotene is used to treat skin conditions such as acne and psoriasis by reducing inflammation and supporting healthy skin cell turnover. For example, in May 2022, the Royal Australian College of General Practitioners reported that in Australia, general practitioners encountered acne in 0.4% of every 100 consultations. Acne affects about 93.3% of teenagers aged 16-18 and persists into adulthood, with 64% of individuals aged 20-29 and 43% of those aged 30-39 also affected. Therefore, the rising incidence of skin diseases is fueling the growth of the tazarotene market.
Key companies in the tazarotene market are concentrating on developing innovative products, such as generic topical formulations, to offer a cost-effective alternative and increase access to effective treatments for plaque psoriasis and facial acne. Generic topical formulations are skin-applied drugs that are bioequivalent to brand-name products, containing the same active ingredients in similar concentrations but usually at a lower cost. For instance, in June 2023, Padagis LLC, a US-based pharmaceutical company, introduced Tazarotene Gel, a generic version of Tazorac Gel. This gel provides the same therapeutic benefits for treating plaque psoriasis and facial acne vulgaris at a more affordable price. As the second generic prescription product in this market, it enhances competition and accessibility, adding significant value to the dermatological product landscape.
In July 2024, Avista Capital Partners, a US-based private equity firm specializing in healthcare, and Hamilton Lane, a US-based investment management firm, collaborated with Cosette Pharmaceuticals to bolster support for patients and healthcare providers. This partnership aims to accelerate Cosette's growth through strategic investments in business development and research, positioning it as a sustainable, high-growth branded pharmaceutical company. Cosette Pharmaceuticals, a US-based company, produces a range of tazarotene products.
Major companies operating in the tazarotene market are Cardinal Health, AbbVie Inc., GSK plc., Sandoz Group AG, Sun Pharmaceutical Industries Ltd., Perrigo Company, Seqens SAS, Glenmark Pharmaceuticals, Taro Pharmaceutical Industries, Olon S.p.A, Piramal Healthcare Ltd., Jiangsu Lianhuan Pharmaceutical Group, Cosette Pharmaceuticals Inc., Padagis US LLC, Ortho Dermatologics, Unipex Group, Henan Tianfu Chemical Co., Alfa Chemical, Solaris Pharma Corp, Actavis Inc., Bioindustria L.I.M. Spa, Chongqing Huapont Pharmaceutical Co. Ltd., Suzhou Howsine Biological Technology
North America was the largest region in the tazarotene market in 2023. The regions covered in the tazarotene market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the tazarotene market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The tazarotene market consists of sales of tazarotene lotion and tazarotene ointment. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Tazarotene Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on tazarotene market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for tazarotene ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The tazarotene market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.