Global Montelukast API Market Size By Formulation Type, By Therapeutic Application, By End-User, By Geographic Scope And Forecast
Report ID: 388231|No. of Pages: 202
Global Montelukast API Market Size By Formulation Type, By Therapeutic Application, By End-User, By Geographic Scope And Forecast
Montelukast API Market Size And Forecast
Montelukast API Market size was valued at USD 4.08 Billion in 2023 and is projected to reach USD 7.38 Billion by 2030, growing at a CAGR of 12.6% during the forecast period 2024-2030.
Global Montelukast API Market Drivers
The market drivers for the Montelukast API Market can be influenced by various factors. These may include:
- Growing Prevalence of Allergies and Asthma: Around the world, allergies and asthma continue to be major public health issues. The demand for montelukast’s API is fueled by the medication’s frequent prescription for the treatment of allergic rhinitis and asthma.
- Increasing Awareness and Diagnosis: A combination of better diagnostic methods and increased knowledge about respiratory diseases such as allergies and asthma contributes to a greater diagnosis rate. The market for its API is driven by this tendency, which increases demand for drugs like montelukast.
- Growing Healthcare Spending: More money spent on healthcare, especially in developing nations, enables people to have easier access to drugs like montelukast. The need for montelukast API is projected to rise as healthcare facilities get better and more individuals have access to healthcare.
- Patent Expirations: Generic versions of branded montelukast medications can enter the market once their patents expire. Generally, generic medications are marketed under multiple brand names but share the same active ingredient (API), which encourages competition and may result in lower prices.
- Preference for Oral Dosage Forms: Patients prefer oral dosage forms, such as chewable pills and tablets, because they are more convenient and easy to administer. Montelukast is frequently available in these forms. This inclination helps to maintain the API’s demand.
- R&D and Innovation: Continued attempts to improve drug formulations, increase efficacy, decrease adverse effects, and investigate novel therapeutic applications for montelukast may also propel the market for its active pharmaceutical ingredient.
Global Montelukast API Market Restraints
Several factors can act as restraints or challenges for the Montelukast API Market. These may include:
- Patent Expiration and Generic Competition: When the branded Montelukast medications’ patent protection ends, generic alternatives may enter the market. API manufacturers may see price erosion and decreased profitability as a result of this increased competition.
- Regulatory Obstacles: API producers may face difficulties adhering to the strict regulations governing pharmaceutical manufacturing, such as Good Manufacturing Practices (GMP) and other quality standards. It could be necessary to make large infrastructure and resource investments in order to meet these standards.
- Price Fluctuations: The cost of raw materials, currency exchange rates, and variations in market demand can all have an impact on the price of Montelukast API. Price volatility can affect makers of APIs’ profitability and breed doubt in the marketplace.
- Market Saturation: When many API manufacturers produce the medication, the Montelukast market may become saturated, resulting in fierce rivalry and pricing pressure. It may be challenging for new competitors to gain traction in the market as a result of this saturation.
- The emergence of Alternatives: The need for Montelukast API may decline if substitute therapies for respiratory ailments including asthma and allergic rhinitis are developed. Pharmaceutical companies might spend money on developing new medications that have lower side effects or greater efficacy, which could push Montelukast out of the market.
- Safety Issues and Side Consequences: Regulatory bodies or clinical studies that draw attention to safety issues or unfavorable consequences related to the use of montelukast may have a detrimental influence on the market for the API. Prescription practices and patient preferences may be influenced by how the general public views the drug’s safety profile.
Global Montelukast API Market Segmentation Analysis
The Global Montelukast API Market is Segmented on the basis of Formulation Type, Therapeutic Application, End-user, And Geography.
Montelukast API Market, By Formulation Type
- Tablets: The formulation of tablet forms is produced using Montelukast API.
- Granules: API in granule form is delivered to manufacturers of oral granules or sachets.
- Chewable Tablets: A specially prepared Montelukast API is used in the manufacturing of chewable tablets.
Montelukast API Market, By Therapeutic Application
- Asthma: The main application for montelukast API is asthma treatment.
- Allergic Rhinitis: API is used in formulations for the treatment of allergic rhinitis.
- Exercise-Induced Bronchoconstriction: Exercise-supported API formulations aimed for addressing bronchoconstriction caused by exercise.
Montelukast API Market, By End-User
- Pharmaceutical firms: Pharmaceutical firms receive formulation and production supplies of montelukast API.
- Compounding Pharmacies: API is provided to pharmacies so they can prepare medications according to customer specifications.
- Contract Manufacturing Organizations (CMOs): API is provided to contract manufacturing organizations (CMOs) in exchange for their services.
Montelukast API Market, By Geography
- North America: Market conditions and demand in the United States, Canada, and Mexico.
- Europe: Analysis of the Montelukast API Market in European countries.
- Asia-Pacific: Focusing on countries like China, India, Japan, South Korea, and others.
- Middle East and Africa: Examining market dynamics in the Middle East and African regions.
- Latin America: Covering market trends and developments in countries across Latin America.
Key Players
The major players in the Montelukast API Market are:
- Aurobindo Pharma Ltd.
- Teva Pharmaceutical Industries Ltd.
- Dr. Reddy’s Laboratories Ltd.
- Mylan N.V.
- Lupin Limited
- Cipla Limited
- Hetero Drugs Limited
- Zhejiang Huahai Pharmaceutical Co., Ltd.
- Jubilant Life Sciences Ltd.
- Sun Pharmaceutical Industries Ltd.
Report Scope
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| STUDY PERIOD | 2020-2030 |
| BASE YEAR | 2023 |
| FORECAST PERIOD | 2024-2030 |
| HISTORICAL PERIOD | 2020-2022 |
| UNIT | Value (USD Billion) |
| KEY COMPANIES PROFILED | Aurobindo Pharma Ltd., Teva Pharmaceutical Industries Ltd., Dr. Reddy’s Laboratories Ltd., Mylan N.V., Lupin Limited, Cipla Limited, Hetero Drugs Limited, Zhejiang Huahai Pharmaceutical Co., Ltd. |
| SEGMENTS COVERED | By Formulation Type, By Therapeutic Application, By End-user, And By Geography. |
| CUSTOMIZATION SCOPE | Free report customization (equivalent to up to 4 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
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Frequently Asked Questions
1. Introduction
• Market Definition
• Market Segmentation
• Research Methodology
2. Executive Summary
• Key Findings
• Market Overview
• Market Highlights
3. Market Overview
• Market Size and Growth Potential
• Market Trends
• Market Drivers
• Market Restraints
• Market Opportunities
• Porter’s Five Forces Analysis
4. Montelukast API Market, By Formulation Type
• Tablets
• Granules
• Chewable Tablets
5. Montelukast API Market, By Therapeutic Application
• Asthma
• Allergic Rhinitis
• Exercise-Induced Bronchoconstriction
6. Montelukast API Market, By End-user
• Pharmaceutical firms
• Compounding Pharmacies
• Contract Manufacturing Organizations (CMOs)
7. Regional Analysis
• North America
• United States
• Canada
• Mexico
• Europe
• United Kingdom
• Germany
• France
• Italy
• Asia-Pacific
• China
• Japan
• India
• Australia
• Latin America
• Brazil
• Argentina
• Chile
• Middle East and Africa
• South Africa
• Saudi Arabia
• UAE
8. Market Dynamics
• Market Drivers
• Market Restraints
• Market Opportunities
• Impact of COVID-19 on the Market
9. Competitive Landscape
• Key Players
• Market Share Analysis
10. Company Profiles
• Aurobindo Pharma Ltd.
• Teva Pharmaceutical Industries Ltd.
• Dr. Reddy’s Laboratories Ltd.
• Mylan N.V.
• Lupin Limited
• Cipla Limited
• Hetero Drugs Limited
• Zhejiang Huahai Pharmaceutical Co., Ltd.
• Jubilant Life Sciences Ltd.
• Sun Pharmaceutical Industries Ltd.
11. Market Outlook and Opportunities
• Emerging Technologies
• Future Market Trends
• Investment Opportunities
12. Appendix
• List of Abbreviations
• Sources and References
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Data Collection Matrix
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Industry Analysis Matrix
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