Montelukast Sodium Market Rising Worldwide in Forecast Year 2021-2026 by Top Companies like Mylan, Morepen, TAPI, MSN, Ultratech, Aurobindo, Hetero, Unimark Remedies, Adley, Medopharm

The global Montelukast Sodium market size is projected to grow from 2020 to 2026The demand for Montelukast Sodium can be attributed to the number of patient’s increases, the demand for montelukast sodium also rises. However, side effects with the product, such as stomach pain, heartburn, upset stomach, nausea, and diarrhea, restrain the market growth with increasing production and growing capacity in healthcare industry, and healthy growth of pharmaceutical and food & beverage industry in developing countries, are supporting the growth of the Montelukast Sodium market.

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Pandemic impact on the Global Montelukast Sodium Market:

The declining prices, supply-demand gap, and COVID-19 pandemic impact had severe impact on the Montelukast Sodium market. Due to the COVID-19 pandemic, the demand for Montelukast Sodium has been increasing due to rise in the healthcare throughput, suspension of manufacturing activities, disruption of supply chain, and postponement of the expansion projects across the globe. However, during pandemic period, the growing demand from the food & beverage, and pharmaceutical industries supports to offset the marginal decline in demand caused due to slowdown in the manufacturing sector across the globe.

Global Montelukast Sodium Market Dynamics:

Montelukast sodium is an organic sodium salt. It contains a montelukast(1-). ChEBI. Montelukast is an orally available leukotriene receptor antagonist which is widely used for the prophylaxis and chronic treatment of asthma and has been linked to rare cases of clinically apparent liver injury.

Montelukast is used to prevent wheezing, difficulty breathing, chest tightness, and coughing caused by asthma in adults and children 12 months of age and older. Montelukast is also used to prevent bronchospasm (breathing difficulties) during exercise in adults and children 6 years of age and older.

The report recognises major industry vendors, key regions, demand & supply, applications, innovations, revenue costs, and challenges. Information according to global Montelukast Sodium market segments such as geographies, applications, and industry by considering major players has been given. The report shows market effect factors analysis that precisely emphasizes technology progress/risk, consumer needs/customer preference changes, technology progress in a related industry that draws the growth factors of the market.

The evident quantitative as well as qualitative insights about the Global Montelukast Sodium market are covered in the report along with forecast analysis of all the Global Montelukast Sodium market that expected to modify the market in the future are described in detail. The segmental analysis also highlights details about different aspects that will influence the market.

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Montelukast Sodium Market Players:

Morepen Laboratories
Mylan
TAPI
MSN Laboratories
Ultratech India
Aurobindo Pharma
Hetero Labs
Unimark Remedies
Jubilant Cadista
Aamorb Pharmaceuticals
Sudarshan Groups
Ortin Laboratories
Vamsi Labs
Adley Group
Medopharm
Hengyuan Pharmaceutical
Arromax Pharmaceutical Technology
Lihe Wuhan New Chemical Materials
Shanghai Huachu Chemical

Product Type Segmentation:

Montelukast Sodium Amorphous
Montelukast Sodium Crystalline

Industry Segmentation:

Tablets
Chewable Tablet
Oral Solution

Segmentation by Regions:

Regionally, North America and Europe holds major share in Global Montelukast Sodium Market. Moreover, Asia-Pacific is expected to record higher growth rate in Montelukast Sodium market during the forecast year.

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Top Industry News:

Mylan: Viatris Inc. Announces FDA Tentative Approval of a Pediatric Formulation of Dolutegravir (DTG) Under PEPFAR on November 23, 2020 -- Viatris Inc., a new kind of healthcare company, today announced tentative approval from the U.S. Food and Drug Administration (FDA) for a New Drug Application for pediatric dolutegravir tablets for oral suspension, 10 mg. The new formulation is a result of a collaboration with ViiV Healthcare, the Clinton Health Access Initiative and Unitaid to help expand access to children living with HIV/AIDS in low- and middle-income countries. Tentative approval was granted under the U.S. President's Emergency Plan for AIDS Relief (PEPFAR) which permits products that are not approved for marketing in the U.S. because of patent protection or other marketing restrictions to be distributed in other countries where they are critically needed.

Pediatric dolutegravir tablets were approved for use in combination with other antiretroviral (ARV) agents for the treatment of HIV-1 infection in pediatric patients at least 4 weeks old and weighing at least 3 kg. The World Health Organization (WHO) recommends this product as part of a preferred first-line treatment regimen for children who meet the criteria. According to the organization, half of HIV-positive infants will die before their second birthday without prompt diagnosis and treatment.

Viatris President Rajiv Malik said, "The FDA's decision clears the way for Viatris to deliver this urgently needed treatment to some of the world's most vulnerable children living in regions that are home to 99% of children living with HIV. Pediatric dolutegravir tablets are a significant new addition to a product portfolio that has made Viatris the world's largest supplier of ARVs. We have a deep commitment to increasing access to more affordable treatments and will continue to find innovative solutions to reach those in need."

Dolutegravir tablets for oral suspension should not be co-administered with dofetilide; it may cause hypersensitivity reactions; hepatotoxicity has been reported in patients receiving dolutegravir-containing regiments and embryo-fetal toxicity may occur when used at the time of conception and in early pregnancy.

Viatris, launched last week through the combination of Mylan N.V. and Pfizer's Upjohn business, provides approximately 40% of those on treatment for HIV/AIDS with a Viatris product, including approximately 60% of the world's HIV-positive children on treatment.

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