Press release
Montelukast Sodium Market 2024 Report By Key Companies, Regional Analysis And Forecast 2033
Montelukast Sodium Market
Ready to Dive into Something Exciting? Get Your Free Exclusive Sample of Our Research Report @
https://www.thebusinessresearchcompany.com/sample.aspx?id=16123&type=smp
According to The Business Research Company's, 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 growth in the historic period can be attributed to increasing respiratory disorders, an aging population, rising air pollution levels, growing awareness and education, and expansion in emerging markets.
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%. The growth in the forecast period can be attributed to approval and launch, clinical studies, patent expiry, regulatory changes, and physician prescribing patterns. Major trends in the forecast period include increased generic competition, a shift towards combination therapies, expansion in emerging markets, a focus on pediatric use, and digital health solutions.
Get The Complete Scope Of The Report @
https://www.thebusinessresearchcompany.com/report/montelukast-sodium-global-market-report
Market Drivers and Trends:
The rise in the adoption of automation in manufacturing is expected to propel the growth of the motion control drive market going forward. Automation is using technology, machines, or systems to perform tasks with minimal human intervention. It involves the application of technology to monitor and control processes, reducing the need for constant human control and enhancing efficiency, precision, and consistency. The rise in the adoption of automation in manufacturing is due to the increasing need for efficiency, productivity, and quality control, the growing demand for customized products, and the need to address labor shortages and supply chain disruptions. Motion control drives are essential components in the automation of manufacturing processes that enhance precision, efficiency, flexibility, and safety, contributing to improved productivity, lower costs, and higher quality in manufacturing operations. For instance, in May 2023, according to the International Federation of Robotics, a Germany-based non-profit organization, industrial robot installations in manufacturing climbed by 12% overall in 2022, totaling 41,624 units. Therefore, the rise in the adoption of automation in manufacturing drives the motion control 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.
Key Benefits for Stakeholders:
• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
Major Key Players of the Market:
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
Montelukast Sodium Market 2024 Key Insights:
• 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%.
• Rising Prevalence Of Asthma Fuels Growth In The Montelukast Sodium Market
• Introduction Of New Anti-Allergy Treatment Transforming The Montelukast Sodium Market
• North America was the largest region in the montelukast sodium market in 2023
We Offer Customized Report, Click @
https://www.thebusinessresearchcompany.com/Customise?id=16123&type=smp
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Montelukast Sodium Market 2024 Report By Key Companies, Regional Analysis And Forecast 2033 here
News-ID: 3709900 • Views: …
More Releases from The Business research company
Strategic Forecast for the Pseudomonas Aeruginosa Infection Treatment Industry: …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Pseudomonas Aeruginosa Infection Treatment Market Size Growth Forecast: What to Expect by 2025?
In the past few years, the market size for pseudomonas aeruginosa infection treatment has experienced substantial growth. It is projected to expand from $2.45 billion in 2024 to $2.65 billion in 2025, exhibiting a compound annual…
Top Trends Transforming the Pericarditis Market Landscape in 2025: Innovative Ad …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Will the Pericarditis Industry Market Size Be by 2025?
There has been a significant growth in the pericarditis market size in the past few years. The projection is that it will escalate from $2.32 billion in 2024 to $2.49 billion in 2025, registering a compound annual growth rate…
2025-2034 Vitamin Tonics Market Evolution: Disruptions, Innovations, and Untappe …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Vitamin Tonics Market Through 2025?
The market size for vitamin tonics has shown consistent growth in the past few years. The projections estimate it to expand from $8.81 billion in 2024 to $9.18 billion in 2025, representing a compound annual growth rate…
Comprehensive HERG Screening Market Forecast 2025-2034: Growth Trends and Strate …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
HERG Screening Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The size of the HERG screening market has seen a swift expansion in the past few years. The market is forecasted to increase from $1.62 billion in 2024 to $1.84 billion in 2025, exhibiting a…
More Releases for Montelukast
Montelukast Intermediate Market Pharmaceutical Ingredient Demand Growth
On April 11, 2025, Exactitude Consultancy., Ltd. announces the release of the report "Global Montelukast Intermediate Market 2025 by Manufacturers, Regions, Type and Application, Forecast to 2034". The report is a detailed and comprehensive analysis presented by region and country, type and application. As the market is constantly changing, the report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across…
Montelukast Market 2022-2027 Business Analysis by Top Companies
The Montelukast Market research report discusses the key drivers influencing global growth, opportunities, current challenges and the risks faced by key players and the market as a whole Montelukast Market competitive landscape provides details by vendors, including company overview, company total revenue (financials), market potential, global presence, sales and revenue generated, market share, price, production sites and facilities, SWOT analysis, product launch.
Montelukast Market is envisaged to record an expansion at…
Montelukast Market global outlook and forecast 2021 -2027
The Global Montelukast Market research report is a careful examination of the worldwide industry which has been a region of enthusiasm for a Montelukast makers, organizations, authorities, chiefs, and likely speculators, and analysts. The report profoundly lights up noteworthy features in the business, including a contention situation, condition, portions, showcase size, share, gainfulness, development potential, and advancements.
The report likewise spins around the most…
Global Montelukast Intermediate Market Growth 2019-2024
LP INFORMATION offers a latest published report on Montelukast Intermediate Market Analysis and Forecast 2019-2025 delivering key insights and providing a competitive advantage to clients through a detailed report.
According to this study, over the next five years the Montelukast Intermediate market will register a xx% CAGR in terms of revenue, the global market size will reach US$ xx million by 2024, from US$ xx million in 2019. In particular,…
Global Montelukast Sodium Market Insights, Forecast to 2025
Market Research Report Store offers a latest published report on Montelukast Sodium Market Analysis and Forecast 2019-2025 delivering key insights and providing a competitive advantage to clients through a detailed report. The report contains 158 pages which highly exhibit on current market analysis scenario, upcoming as well as future opportunities, revenue growth, pricing and profitability.
Click to view the full report TOC, figure and tables:
https://www.marketresearchreportstore.com/reports/583627/global-montelukast-sodium-market-insights
Montelukast sodium is a hygroscopic, optically active,…
Global Montelukast Sodium Market Professional Survey Report 2017
MarketResearchReports.Biz presents this most up-to-date research on "Global Montelukast Sodium Market Professional Survey Report 2017"
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…
