About Montelukast Intermediate
Montelukast is a medication used in the treatment of asthma, allergic rhinitis, bronchospasm, and urticaria. Increasing prevalence of asthma driving the demand for montelukast intermediate. For instance, according to the World Health Organizations (WHO), 235 million people are currently suffering from asthma. Further, growing healthcare infrastructure in the developing economies and rising demand for active pharmaceutical ingredients expected to drive the demand for montelukast intermediate market over the forecasted period.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Competition among existing players is due to the Montelukast Intermediate market share occupied by leading players. The industry leader is engaged in offering innovative and superior quality products to cater to the ever-growing demand for Montelukast Intermediate Market. The companies are implementing strategic activities such as acquisitions and mergers along with collaboration with companies in other industries to aid them in improving sustenance and maintaining their competitive advantage. Analyst at AMA Research estimates that China, India, United States Players will contribute the maximum growth to Global Montelukast Intermediate 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.
Merck Sharp & Dohme Corp. (United States), Morepen Laboratories (India), Teva Pharmaceutical Industries Ltd. (Israel), Mylan N.V. (United States) and Zhuhai Tianjian Chemical Co., Ltd. (China) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Manus Aktteva Biopharma LLP (India), Titan Pharma (India) Pvt Ltd. (India) and Shanghai Yijing Industrial Co., Ltd. (China).
Segmentation Overview
AMA Research has segmented the market of Global Montelukast Intermediate market by , Application (Asthma, Allergic rhinitis, Bronchospasm and Urticaria) and Region.
On the basis of geography, the market of Montelukast Intermediate 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).
Influencing Trend:
Increasing Applications of Montelukast Intermediate in the Treatment of Allergic Rhinitis
Market Growth Drivers:
Rising Demand for Active Pharmaceutical Ingredients and Increasing Number of Patients with Respiratory Diseases
Challenges:
Side Effects Such As Diarrhea, Vomiting, and Others
Restraints:
Stringent Government Regulations Regarding Montelukast Intermediate and High Manufacturing Cost of Active Pharmaceutical Ingredients
Opportunities:
Increasing Number of Patients with Asthma and Growing Pharmaceutical Industry in the Developing Economies
“According to the Therapeutic Goods Administration, Montelukast which is marketed in Australia under the brand name Singulair and multiple generic brands, is used to prevent and treat chronic asthma in adults and children aged two years and older. It can also be used for the symptomatic treatment of seasonal hayfever. It has been listed on the Pharmaceutical Benefits Scheme as a single preventative medicine for the treatment of mild persistent or frequent intermittent asthma in children/adolescents aged 2 to 14 years. It is also listed on the PBS for the prevention of exercise-induced asthma in children/adolescents aged 6 to 14 years.”
Key Target Audience
Montelukast API Manufacturer, Academic and Research Institutes, Pharmaceutical Manufacturers, Reference Laboratories, Pharmaceutical Raw Materials Suppliers, Montelukast Intermediate Manufacturers, Market Research and Consulting Firms 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.