Market Overview:
The global montelukast sodium market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to factors such as rising prevalence of asthma and allergic rhinitis, increasing awareness about asthma and its treatment, and growing demand for montelukast sodium in emerging markets. However, patent expiry of certain blockbuster drugs is expected to restrain the growth of the market during the forecast period. On the basis of type, montelukast sodium amorphous accounted for a major share of the global montelukast sodium market in 2017. This segment is projected to grow at a CAGR of 5.8% during the forecast period from 2018 to 2030 due to its high efficacy and better patient compliance as compared with other types available in the market. On account on application, tablets accounted for a major share fo th eglobalmont eluka st so dium m arket i n2017 .Thi s segm ent i s proj ected t o gr ow ataC AG Rof5 .
Product Definition:
Montelukast Sodium is a leukotriene receptor antagonist used for the prevention and long-term treatment of asthma and chronic obstructive pulmonary disease (COPD).
Montelukast Sodium Amorphous:
Montelukast sodium amorphous is a prescription drug that belongs to the group of drugs called leukotriene receptor antagonists. Montelukast sodium amorphous has no real active ingredients in it, instead it has molecules of salt and Morphine which mimic the action of leukotrienes.
Montelukast Sodium Crystalline:
It is a white crystalline powder derived from the fermentation of Montelukast. It has a molecular weight of 464.5 and is soluble in water, ethanol, and diethyl ether but not in chloroform or carbon tetrachloride. The product has an odor similar to that of yeast or cheese and it's taste can be described as neutral with no particular flavor noted.
The chemical was developed by Cipla Inc.
Application Insights:
On the basis of application, the global market has been segmented into tablets, chewable tablet, and oral solution. The tablets were estimated to be the largest revenue-generating segment in 2017. This is attributed to high product usage in asthma treatment as compared to other applications.
The oral solution was estimated to be the fastest-growing application segment over the forecast period owing to increasing product use as an anti-asthma medication for treating milder forms of asthmatic conditions in children below 12 years of age. Montelukast sodium is approved by FDA for use in patients younger than 2 years old; however, it is generally prescribed for older children and adults with asthma due largely on its longer half life and lower dosage requirements when compared with that seen in pediatric patients above 2 years of age (U.S).
Regional Analysis:
North America dominated the global market in 2017. This can be attributed to the higher incidence of asthma and rhinitis among all age groups in this region as compared to other regions. The U.S., which is one of the most developed countries, still records high cases of asthma and rhinitis among children that require treatment with anti-inflammatory drugs, which further increases product demand during winters.
Asia Pacific is expected to witness significant growth over the forecast period owing to increasing disposable income levels coupled with rising consumer awareness regarding available treatments for allergic disorders such as Montelukast sodium amorphous tablets, chewable tablet & oral solution (tetrahydrozoline). These factors are also expected to contribute toward increased demand for products over the forecast period from 2018 through 2030 ending up in a lucrative revenue share by 2030 ending up with North America being a major shareholder followed by Europe and Asia Pacific respectively.
Growth Factors:
- Increasing prevalence of asthma and other respiratory diseases: The global Montelukast Sodium market is expected to grow at a CAGR of 5.5% during the forecast period owing to the increasing prevalence of asthma and other respiratory diseases.
- Growing awareness about the benefits of Montelukast Sodium: There is a growing awareness among people about the benefits of Montelukast Sodium, which is expected to drive market growth during the forecast period.
- Rising demand for combination therapies: The demand for combination therapies is rising due to their better efficacy as compared to single-drug therapies, which is expected to boost market growth during the forecast period.
- Technological advancements in Montelukast Sodium delivery systems: There has been a significant advancement in technology that has led to development of novel delivery systems for Montelukast Sodium, such as orally disintegrating tablets (ODTs), nasal sprays, and chewable tablets, which are anticipated to fuel market growth during the forecast period.
Scope Of The Report
Report Attributes
Report Details
Report Title
Montelukast Sodium Market Research Report
By Type
Montelukast Sodium Amorphous, Montelukast Sodium Crystalline
By Application
Tablets, Chewable Tablet, Oral Solution
By Companies
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
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
248
Number of Tables & Figures
174
Customization Available
Yes, the report can be customized as per your need.
Global Montelukast Sodium Market Report Segments:
The global Montelukast Sodium market is segmented on the basis of:
Types
Montelukast Sodium Amorphous, Montelukast Sodium Crystalline
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Tablets, Chewable Tablet, Oral Solution
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- 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
Highlights of The Montelukast Sodium Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Montelukast Sodium Amorphous
- Montelukast Sodium Crystalline
- By Application:
- Tablets
- Chewable Tablet
- Oral Solution
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Montelukast Sodium Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Montelukast sodium is a medication used to treat asthma. It works by reducing the inflammation and swelling in the airways.
Some of the major companies in the montelukast sodium market are 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.
The montelukast sodium market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Montelukast Sodium Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Montelukast Sodium Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Montelukast Sodium Market - Supply Chain
4.5. Global Montelukast Sodium Market Forecast
4.5.1. Montelukast Sodium Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Montelukast Sodium Market Size (000 Units) and Y-o-Y Growth
4.5.3. Montelukast Sodium Market Absolute $ Opportunity
5. Global Montelukast Sodium Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Montelukast Sodium Market Size and Volume Forecast by Type
5.3.1. Montelukast Sodium Amorphous
5.3.2. Montelukast Sodium Crystalline
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Montelukast Sodium Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Montelukast Sodium Market Size and Volume Forecast by Application
6.3.1. Tablets
6.3.2. Chewable Tablet
6.3.3. Oral Solution
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Montelukast Sodium Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Montelukast Sodium Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Montelukast Sodium Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Montelukast Sodium Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Montelukast Sodium Demand Share Forecast, 2019-2026
9. North America Montelukast Sodium Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Montelukast Sodium Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Montelukast Sodium Market Size and Volume Forecast by Application
9.4.1. Tablets
9.4.2. Chewable Tablet
9.4.3. Oral Solution
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Montelukast Sodium Market Size and Volume Forecast by Type
9.7.1. Montelukast Sodium Amorphous
9.7.2. Montelukast Sodium Crystalline
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Montelukast Sodium Demand Share Forecast, 2019-2026
10. Latin America Montelukast Sodium Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Montelukast Sodium Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Montelukast Sodium Market Size and Volume Forecast by Application
10.4.1. Tablets
10.4.2. Chewable Tablet
10.4.3. Oral Solution
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Montelukast Sodium Market Size and Volume Forecast by Type
10.7.1. Montelukast Sodium Amorphous
10.7.2. Montelukast Sodium Crystalline
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Montelukast Sodium Demand Share Forecast, 2019-2026
11. Europe Montelukast Sodium Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Montelukast Sodium Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Montelukast Sodium Market Size and Volume Forecast by Application
11.4.1. Tablets
11.4.2. Chewable Tablet
11.4.3. Oral Solution
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Montelukast Sodium Market Size and Volume Forecast by Type
11.7.1. Montelukast Sodium Amorphous
11.7.2. Montelukast Sodium Crystalline
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Montelukast Sodium Demand Share, 2019-2026
12. Asia Pacific Montelukast Sodium Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Montelukast Sodium Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Montelukast Sodium Market Size and Volume Forecast by Application
12.4.1. Tablets
12.4.2. Chewable Tablet
12.4.3. Oral Solution
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Montelukast Sodium Market Size and Volume Forecast by Type
12.7.1. Montelukast Sodium Amorphous
12.7.2. Montelukast Sodium Crystalline
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Montelukast Sodium Demand Share, 2019-2026
13. Middle East & Africa Montelukast Sodium Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Montelukast Sodium Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Montelukast Sodium Market Size and Volume Forecast by Application
13.4.1. Tablets
13.4.2. Chewable Tablet
13.4.3. Oral Solution
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Montelukast Sodium Market Size and Volume Forecast by Type
13.7.1. Montelukast Sodium Amorphous
13.7.2. Montelukast Sodium Crystalline
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Montelukast Sodium Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Montelukast Sodium Market: Market Share Analysis
14.2. Montelukast Sodium Distributors and Customers
14.3. Montelukast Sodium Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Morepen Laboratories
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Mylan
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. TAPI
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. MSN Laboratories
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Ultratech India
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Aurobindo Pharma
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Hetero Labs
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Unimark Remedies
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Jubilant Cadista
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Aamorb Pharmaceuticals
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Sudarshan Groups
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Ortin Laboratories
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Vamsi Labs
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Adley Group
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Medopharm
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Hengyuan Pharmaceutical
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Arromax Pharmaceutical Technology
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Lihe Wuhan New Chemical Materials
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Shanghai Huachu Chemical
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook