About Montelukast API
Montekulast API market is expected to mark significant growth over forecasted period owing to incidence inasthma, exercise induced bronchospasm, allergic rhinitis, primary dysmenorrhea and urticaria. Montekulast API offers driving the growth of this market are the rise in respiratory diseases coupled with the growing geriatric population. The Increasing Research and Development investments to develop novel drugs and the advancements in technology will create lucrative opportunities for key market players.
Attributes | Details |
---|
Study Period | 201-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 11.4% |
Market players are focusing on partnerships, collaborations, and new product launches in order to increase their offerings in the notching machines market. In addition, companies are focusing on increasing their client base to strengthen market position and to enhance product offerings. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Montelukast API market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Merck Sharp & Dohme Corp (United States), Dr. Reddy’s Laboratories Ltd (India), Morepen Laboratories Ltd (India), Mylan N.V. (United States), Teva Pharmaceutical Industries Ltd (Israel), Hikma Pharmaceuticals PLC (United Kingdom), Glenmark (India), Sandoz International GmbH (Germany), Vintage Pharmaceuticals Inc (United States) and Hetero (India) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Aurobindo Pharma (India), Unimark Remedies (India), Jubilant Cadista (United States) and Aamorb Pharmaceuticals (India).
Segmentation Overview
AMA Research has segmented the market of Global Montelukast API market by Type (Montelukast Sodium Amorphous and Montelukast Sodium Crystalline), Application (Asthma,, Allergic Rhinitis, Bronchospasm, Urticaria and Others) and Region.
On the basis of geography, the market of Montelukast API has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Dosage Form, the sub-segment i.e. Tablets will boost the Montelukast API market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Implementation of Rules and Regulations in Montekulast API market.
Market Growth Drivers:
Increase Incidence of Asthma Patients. and Incidence of Environmental Allergens Due to Industrialization and Pollution.
Challenges:
Lack Of Research And Development In The Industry Are Anticipated The Challenge The Market.
Restraints:
Availability of Substitute’s Products Hampers The Montelukast API Market. and Adverse Effect Associated With Montekulast API.
Opportunities:
Technological Advancements Leads To Boost The Montelukast API Market. and Upsurge Demand of Montekulast API in Asia-Pacific Regions.
Market Leaders and their expansionary development strategies
On April 08, 2024 (GLOBE NEWSWIRE) -- IntelGenx Corp. (TSX:IGX) (OTCQB:IGXT) (the "Company" or "IntelGenx") today announced that Montelukast VersaFilm® has been administered to the first Parkinson’s Disease (“PD”) patients in the Phase 2 (‘MONTPARK’) clinical trial.
In December 2021, Morepen Laboratories Limited has received USFDA approval for its anti-allergy drug Fexofinadine Hydrochloride that is marketed in India under the popular brand name Allegra, among others and is the block buster drug of the innovator company Sanofi
“According to U.S. Food and Drug Administration, its confirmed that Morepen gets clearance for anti-asthamatic drugs montekulast that essential for manufacturing under strict quality control complying with cGMP requirements and meeting various other global manufacturing standards having already obtained COS (Certificate of Suitability) in Europe and IDL (Import Drug Licence) from China.”
Key Target Audience
Montekulast API Manufacturers, Montekulast API Traders, End-Use Market Participants of Different Segments of Montekulast API, Government and Research Organizations, R&D Institutions and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.