Global Montelukast API Market: Introduction

Montelukast is a leukotriene inhibitor prescribed to prevent asthma attacks in adults as well as children aged at least two years old. It is also used to prevent exercise-induced bronchoconstriction, primary dysmenorrhea, hay fever, and allergic rhinitis. Montelukast can help to reduce the number of times medication is used for quick relief. In 2019, the allergic rhinitis segment dominated the global montelukast sodium market. Allergic rhinitis, often known as hay fever, is a form of nasal inflammation. It is usually induced by allergens in the environment, such as pollen, pet hair, dust, or mold. Allergies are caused by inherited genetics as well as environmental exposures. Urticarial, commonly known as hives, is a rapid breakout of swollen, light red bumps or plaques on the skin caused by the body's reaction to specific allergens or for unexplained reasons. Itching is the most common symptom, although it can also burn or sting.

Global Montelukast API Market: Drivers, Restraints, Opportunities

  • Increase in incidence of illnesses such as asthma, exercise-induced bronchospasm, allergic rhinitis, primary dysmenorrhea, and urticaria is a key driver of the global montelukast API market
  • According to the World Health Organization, asthma affects around 235 million people globally. Over 80% of asthma-related fatalities occur in low- and lower-middle-income countries. Increase in the number of patients drives the demand for montelukast sodium. However, adverse effects such as stomach discomfort, heartburn, upset stomach, nausea, and diarrhea are projected to hamper the growth of the global market.
  • Montelukast sodium is used to treat asthma symptoms such as wheezing, trouble breathing, chest tightness, and coughing in adults and children 12 months of age and older. Rise in prevalence of asthma increases the usage of montelukast sodium. According to the Centers for Disease Control and Prevention (CDC), asthma affects one in every 13 individuals globally. In 2017, over 25 million people in the U.S. had asthma, accounting for 7.7% of adults and 8.4% of children. Asthma affects around 6.2 million children under the age of 18. Every year, asthma accounts for 9.8 million physician office visits, 188,968 hospital inpatient discharges, and 1.8 million emergency department visits. Hence, increase in incidence and prevalence of asthma boost the growth of the global market.
  • Surge in side effects and lack of awareness among people are factors anticipated to hamper the growth of the global montelukast API market during the forecast period. Additionally, lack of awareness among people and increase in side effects such as stomach pain, heartburn, nausea, and diarrhea are expected to restrain the global montelukast API market.
  • Mergers & acquisitions, R&D activities, product launches, and joint ventures are the leading strategies adopted by players in the global montelukast API market. In February 2019, Sandoz International acquired Aspen Global Incorporated. Teva Pharmaceutical Industry Ltd. acquired Actavis Generics in 2016.

North America Accounted for Major Share of Global Montelukast API Market

  • North America is likely to dominate the global market during the forecast period due to presence of leading companies, high incidence of asthma & other respiratory illnesses, and well-established health care infrastructure. Moreover, government efforts and increase in the number of research collaborations are projected to drive the market in the region in the next few years. The U.S. held the largest share of the market in North America in 2020 due to favorable health care regulations, large number of patients, and well-developed health care infrastructure.
  • According to the Centers for Disease Control and Prevention, around 8.1% of the population of the U.S. has asthma. Hence, increase in patient pool and rise in disposable income in the country boost the growth of the market in the region.

Key Players Operating in Global Montelukast API Market

  • Merck & Co. Inc.
  • Cipla Limited
  • Morepen Laboratories
  • Sun Pharma
  • Teva Pharmaceutical Industries Ltd.
  • Intas Pharmaceuticals Ltd.
  • Apotex, Inc.
  • Sanyo Chemical Industries Ltd.
  • Mylan N.V.
  • Delmar Chemicals, Inc.

Global Montelukast API Market: Research Scope

Global Montelukast API Market, by Product Type

  • Montelukast Sodium Amorphous
  • Montelukast Sodium Crystalline

Global Montelukast API Market, by Dosage Form

  • Tablet
  • Chewable Tablet
  • Oral Solution

Global Montelukast API Market, by Application

  • Asthma
  • Allergic Rhinitis
  • Urticaria
  • Bronchospasm
  • Others

Global Montelukast API Market, by Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • U.K
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia & New Zealand
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Rest of Middle East & Africa

This intelligence report by TMR is the outcome of intense study and rigorous assessment of various dynamics shaping the growth of the market. TMR nurtures a close-knit team of analysts, strategists, and industry experts who offer clients tools, methodologies, and frameworks to make smarter decisions. Our objective, insights, and actionable analytics provide CXOs and executives to advance their mission-critical priorities with confidence.

The scrutiny of the various forces impacting the dynamics of the market, and key and associated industries, guides enterprises in understanding various consumer propositions. Our clients leverage these insights and perspectives to enhance customer experience in the fast-paced business environment.

All our insights and perspectives are broadly based on 4 Pillars or Stages: ASBC-S, which offer an elaborate and customizable framework for the success of an organization. The essence and the roles of these in organizational successes are highlighted below:

  • Agenda for CXOs: TMR, through the study, sets the tone for agendas that are pertinent to CEOs, CFOs, CIOs, and other CXO executives of businesses operating in the market. The perspectives help our clients to bridge the gap between agenda and action plan. TMR strives to offer guidance to CXOs to undertake mission-critical activities empowered by various business analysis tools, and boost the performance of the organizations. The perspectives guide you to decide on your own marketing mix that align well with the policies, visions, and mission.
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The study presents scrutiny of region-specific consumer and technology trends, including the most recent industry dynamics. These broadly cover but not limited to

  • North America, South America, and the Americas
  • Asia Pacific and Japan
  • Europe
  • Latin America
  • Middle East and Africa

The study offers data-driven insights and guidance of several aspects. Some of the more notable questions are:

  • What are the major recent trends that can influence the product life cycle and the RoI?
  • Which regulatory trends shape corporate-level, business-level, and functional-level strategies?
  • Which micromarketing initiatives of leading players will bring in investments?
  • What can be the best framework and tools for PESTLE analysis?
  • Which regions will witness rise in new opportunities?
  • Which are the game-changing technologies being used to capture new revenue streams in the near future?
  • Which operational and tactical frameworks are being adopted by various players in gaining customer loyalty?
  • What is the current and expected intensity of competition the market in the near future?

Disclaimer: This market research study is an ongoing effort and extreme care has been taken to maintain the highest levels of accuracy at all stages. However, in the light of the rapidly evolving business dynamics, some region-specific or other segment-specific changes may take time to be part of the study.

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Montelukast API Market