About Mometasone
Mometasone is a corticosteroid that is used to treat a variety of skin conditions as well as asthma. Mometasone diffuses through the cell membrane and stimulates pathways that reduce inflammation in the case of inflammatory skin disorders. Dermatitis, psoriasis, and allergic rhinitis are examples of inflammatory skin disorders. Mometasone market growth is fueled by an increase in the prevalence of inflammatory skin disorders. During the forecast period, the rise in the geriatric population is expected to drive mometasone market growth. Increasing personal aesthetics concerns will boost the mometasone market in the coming decade.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 7.5% |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that Global Players will contribute the maximum growth to Global Mometasone market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Glenmark Pharmaceuticals (India), Hikma Pharmaceuticals (United Kingdom), Aurisco Pharma (China), Perrigo Company plc (Ireland), Bayer AG (Germany), Hubei Hengan Fulin Pharmaceutical Co., Ltd. (China), Unilab Chemicals & Pharmaceuticals Pvt. Ltd. (India), Shanghai Pharmaceuticals Holding Co., Ltd. (China), Zhejiang Xianju Pharmaceutical Co., Ltd. (China) and Symbiotec Pharma (India) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Mometasone market by and Region.
On the basis of geography, the market of Mometasone 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 Prescription, the sub-segment i.e. Over the Counter will boost the Mometasone market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Route of Administration, the sub-segment i.e. Topical will boost the Mometasone market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Indication, the sub-segment i.e. Inflammatory skin disorders will boost the Mometasone market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channel, the sub-segment i.e. Hospital Pharmacies will boost the Mometasone market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Dosage Form, the sub-segment i.e. Nasal spray will boost the Mometasone market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rising Investment by Key Players
Market Growth Drivers:
Increased Prevalence of Inflammatory Skin Disorders, Rise in Geriatric Population and Growing Patient Population Suffering from Asthma
Challenges:
Pricing Competition among Market Players
Restraints:
Side Effects associated with Mometasone
Opportunities:
Increasing Personal Aesthetics Concern and Rising Collaborative Research and Development Activities among Leading Biopharmaceutical Players
Market Leaders and their expansionary development strategies
In November 2023, Organon (NYSE:OGN) and Sempre Health today announced a strategic partnership designed to motivate eligible patients to refill their prescriptions on time and improve adherence through an innovative pricing program that offers personalized support. The new program offered by Sempre Health and Organon will enable eligible patients who refill their prescriptions on time and as prescribed for Dulera™ (mometasone furoate, formoterol fumarate dihydrate) and Asmanex™ (mometasone furoate), to receive discounts on their medications throughout the course of their therapy, with the aim of improving adherence to their medication.
February 2020, Hikma Pharmaceuticals and Glenmark Pharmaceuticals announced a collaboration to commercialize Olopatadine hydrochloride and mometasone furoate nasal spray used in the treatment of seasonal allergic rhinitis.
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and End-Use Industry
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.