Press release
Montelukast Sodium Global Market Overview, Driving Factors, Future Trends, Key Players and Growth Opportunities And Forecast By 2033 | Pfizer Inc., Sanofi Aventis SA, Hetero Labs Ltd., Cipla Inc., LGM Pharma LLC
Montelukast Sodium Market
As per the report, the montelukast sodium market size has grown strongly in recent years. It will grow from $3.52 billion in 2023 to $3.86 billion in 2024 at a compound annual growth rate (CAGR) of 9.6%. The montelukast sodium market size is expected to see strong growth in the next few years. It will grow to $5.59 billion in 2028 at a compound annual growth rate (CAGR) of 9.7%.
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Rising Prevalence Of Asthma Fuels Growth In The Montelukast Sodium Market
The increasing prevalence of asthma is expected to propel the growth of montelukast sodium market going forward. Asthma is a chronic respiratory disorder marked by inflammation and constriction of the airways, resulting in repeated bouts of wheezing, breathlessness, chest tightness, and coughing. The prevalence of asthma is increasing due to environmental pollution, allergen exposure, genetic predisposition, urbanization, changes in lifestyle, and respiratory infections. Montelukast sodium is used in asthma as a leukotriene receptor antagonist, helping to prevent and manage asthma symptoms by blocking the action of leukotrienes, which contribute to airway inflammation and constriction. For instance, in September 2022, according to the National Health Service, a UK-based government department, hospital admissions for children with asthma in England and Wales surged by 149% between 2021 and 2022. The number of children admitted with asthma symptoms rose to 19,506, compared to 7,850 during the 2020 to 2021 period. Therefore, the increasing prevalence of asthma is driving the growth of montelukast sodium market.
Introduction Of New Anti-Allergy Treatment Transforming The Montelukast Sodium Market
Major companies operating in the montelukast sodium market are developing new drugs such as fexofenadine hydrochloride and getting them approved to expand their product portfolios and address the evolving needs of patients with allergic conditions. Fexofinadine hydrochloride is a second-generation antihistamine medication approved by the FDA for treating allergy symptoms and hay fever in adults and children. For instance, in December 2021, Morepen Laboratories received approval from the US Food and Drug Administration (USFDA) to market its generic anti-allergy drug, Fexofinadine Hydrochloride, in the American market. Fexofinadine hydrochloride, a widely used second-generation antihistamine, is employed to treat allergy symptoms and hay fever. This approval signifies a significant milestone for Morepen Laboratories, strengthening its position in the anti-allergy market.
The montelukast sodium market covered in this report is segmented -
1) By Product: Crystal-like, Form-less Or Amorphous
2) By Dosage Form: Tablets, Oral Solutions
3) By Application : Bronchospasm, Allergic Coryza, Asthma, Urticaria, Other Applications
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Major companies operating in the montelukast sodium market are Pfizer Inc., Merck & Co. Inc., Sanofi Aventis SA, Teva Pharmaceuticals USA Inc., Hetero Labs Ltd., Sun Pharma Industries Ltd., Aurobindo Pharma Limited, Cipla Inc., Intas Pharmaceuticals Ltd., Seqens Group, Sanyo Chemical Industries Ltd., Morepen Laboratories, Neuland Laboratories Ltd., Medopharm Private Ltd., BEC Chemicals Pvt. Ltd, Delmar Chemicals Inc., Kimia Biosciences Ltd., Ortin Laboratories Ltd., MSN Laboratories Pvt Ltd., Vamsi Labs Ltd., LGM Pharma LLC, HRV Global Life Sciences, Sigmak Lifesciences, Akums Lifesciences Ltd., Anwita Drugs & Chemicals Pvt Ltd
Contents of the report:
1. Executive Summary
2. Montelukast Sodium Market Report Structure
3. Montelukast Sodium Market Trends And Strategies
4. Montelukast Sodium Market - Macro Economic Scenario
5. Montelukast Sodium Market Size And Growth
…..
27. Montelukast Sodium Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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Description
This report studies Montelukast Sodium in Global market, especially in North America, China, Europe, Southeast Asia, Japan and India, with production, revenue, consumption, import and export in these regions, from 2012 to 2016, and forecast to 2022.
This report focuses on top manufacturers in global market, with production, price, revenue and market share for each manufacturer, covering
Morepen…
