The global montelukast intermediate market is estimated to grow at a CAGR of ~4% over the forecast period, i.e., 2022-2031. The market is segmented by application into allergic rhinitis, bronchospasm, urticaria, and asthma, out of which, the asthma segment is anticipated to hold the largest share in the global montelukast intermediate market over the forecast period. This can be attributed to the increase in pollution levels that is causing more people to develop asthma problems.
There is an increase in the demand for montelukast by the pharmaceutical companies for the production of drugs that are used for several treatments. Moreover, the level of pollution in the air has contributed to the increase in respiratory illnesses among people. These factors are expected to drive the growth of the global montelukast intermediate market.
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Geographically, the global montelukast intermediate market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Out of them, the market in the Asia Pacific region is anticipated to witness noteworthy growth over the forecast period owing to the surge in the number of aged people and an increase in the number of respiratory illnesses in the region.
The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.
Increase in Asthma Rates to Drive the Growth of the Market
Asthma resulted in approximately 461,000 deaths in 2019 as per the World Health Organization.
Backed by pollution, there has been an increase in asthma rates, leading to a surge in the number of deaths every year. The global montelukast intermediate market is anticipated to grow on the basis of the requirement of the chemical compound for the manufacturing of pharmaceutical drugs used for the prevention and treatment of asthma disease.
However, high costs for montelukast intermediate and stringent regulation related to the use of ingredients in the drugs are expected to operate as key restraint to the growth of global montelukast intermediate market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global montelukast intermediate market which includes company profiling of ORTIN LABORATORIES LIMITED, Lonza Group Ltd., Merck & Co., Inc., Rahway, NJ, USA, Cipla Inc., Spark Therapeutics, Inc., uniQure N.V., Oxford Biomedica, MASSACHUSETTS BIOTECHNOLOGY COUNCIL, FinVector Oy, MANUS AKTTEVA BIOPHARMA LLP, and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global montelukast intermediate market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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