Press release
Pranlukast Market Expected to Hit USD 2.58 Billion by 2032 with a Remarkable 4.18% CAGR
Market Overview
Pranlukast belongs to a class of anti-asthmatic medications that works by blocking leukotrienes, inflammatory chemicals involved in the pathophysiology of asthma and allergic conditions. While widely used in several Asian countries including Japan and South Korea, the drug is increasingly being explored in new markets for its efficacy, safety profile, and role in combination therapies.
Growing awareness about asthma management, coupled with the increasing demand for personalized medicine and long-term respiratory care, is contributing to the gradual expansion of the Pranlukast market across developing and emerging economies.
As per MRFR analysis, the Pranlukast Market Size was estimated at 1.68 (USD Billion) in 2023.The Pranlukast Industry is expected to grow from 1.78(USD Billion) in 2024 to 2.58 (USD Billion) by 2032. The Pranlukast Market CAGR (growth rate) is expected to be around 4.18% during the forecast period (2024 - 2032).
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Market Growth
The Pranlukast market is projected to grow steadily over the coming years, supported by:
• Rising prevalence of asthma, particularly in urban populations and children
• Increased access to generic and branded formulations in Asia-Pacific and Latin America
• Growing emphasis on maintenance therapies for chronic respiratory diseases
Expansion of online pharmacies and telemedicine
boosting prescription rates in rural and semi-urban areas
Moreover, pharmaceutical companies are investing in clinical trials to explore Pranlukast's potential beyond asthma treatment, including applications in atopic dermatitis and inflammatory bowel disease, further expanding its market scope.
Key Companies in the Pranlukast Market Include:
• Intas Pharmaceuticals Ltd.
• Mylan N.V.
• Cadila Healthcare Limited
• Teva Pharmaceutical Industries Ltd.
• Ipca Laboratories Ltd.
• Sandoz International GmbH
• Emcure Pharmaceuticals Ltd.
• Torrent Pharma
• Glenmark Pharmaceuticals Ltd.
• Torrent Pharmaceuticals Ltd.
• AstraZeneca
• Cipla Ltd.
• Dr. Reddy's Laboratories Ltd.
• Aurobindo Pharma Limited
• Lupin
Market Dynamics
Key Drivers
• High global burden of respiratory disorders: Asthma affects over 250 million people globally, creating consistent demand for bronchodilator and leukotriene-modifying agents.
• Preference for oral therapies: Pranlukast's oral administration makes it preferable for long-term use, especially in pediatric care.
• Generic availability: Generic drug manufacturers are entering the market, making treatment more affordable and accessible.
Challenges
• Limited approval in Western markets: Pranlukast is not yet approved in the US and many parts of Europe, which restricts global adoption.
• Competition from alternative therapies: Drugs like montelukast dominate many regions, posing a challenge to market penetration.
• Side-effect concerns: Though generally well-tolerated, some leukotriene antagonists have been linked to neuropsychiatric side effects, affecting physician prescribing habits.
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Pranlukast Market Segmentation
• Pranlukast Treatment Type Outlook
• Asthma
Chronic Obstructive Pulmonary Disease (COPD)
• Pranlukast Drug Formulation Outlook
• Tablets
• Suspension
• Inhalers
Pranlukast Distribution Channel Outlook
• Hospital Pharmacies
• Retail Pharmacies
• Online Pharmacies
Pranlukast Dose Strength Outlook
• 75 mg
• 150 mg
• 300 mg
Pranlukast Regional Outlook
• North America
• Europe
• South America
• Asia Pacific
• Middle East and Africa
Future Outlook
The global Pranlukast market is expected to witness moderate but consistent growth through 2032. Market expansion is likely to be strongest in Asia-Pacific, where the drug is already established, with new growth opportunities in Latin America, Africa, and Eastern Europe due to increasing healthcare investments and awareness.
Comprehensive Overview: https://www.marketresearchfuture.com/reports/pranlukast-market-27136
Future growth will also depend on:
• Regulatory approvals in new geographies
• Innovative fixed-dose combinations with inhaled corticosteroids
• Research into additional indications, broadening its clinical utility
• Digital health tools enhancing prescription and patient compliance
Reasons to Buy the Pranlukast Market Report
✔️ In-depth analysis of market size, forecast, and competitive landscape
✔️ Insights into regional growth patterns and market accessibility
✔️ Assessment of key players, generic drug opportunities, and pipeline developments
✔️ Evaluation of emerging therapeutic applications for pranlukast beyond asthma
✔️ Strategic guidance for pharmaceutical firms, distributors, and investors entering respiratory care markets
The Pranlukast Market presents promising opportunities in respiratory and allergy therapeutics, especially in underserved regions. With a growing focus on long-term asthma control and generic drug expansion, stakeholders who invest early in this segment stand to benefit from consistent demand and innovation in the years ahead.
FAQs
What is driving the growth of the Pranlukast market?
Which regions dominate the Pranlukast market?
What are the main challenges facing the Pranlukast market?
What are the potential growth opportunities for Pranlukast in the future?
Who are the major players in the Pranlukast market?
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Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis with regard to diverse markets and consumers worldwide. MRFR's approach combines the proprietary information with various data sources to give an extensive understanding to the client about the latest key developments, expected events and also about what action to take based on these aspects.
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