Montelukast is a medicine widely used to prevent and treat asthma, a condition that makes breathing difficult due to inflammation and narrowing of the airways in the lungs. Asthma can be caused by genetics, environmental factors, or a combination of both, and it often involves allergies. Common allergens triggering asthma include dust mites, pet dander, pollens, molds, and various irritants. Symptoms of asthma include wheezing, coughing, difficulty breathing, and a tight chest feeling. In the United States, around 27 million people have asthma, with one in every 12 children affected. Different types of asthma exist, such as allergic, non-allergic, late-onset, fixed airflow limitation, and obesity-related asthma.
The demand for asthma treatment is rising due to increasing cases, deaths, pollution, a growing elderly population, and increased awareness of early asthma diagnosis. In 2016, there were 420,000 asthma-related deaths globally, according to the Global Burden of Disease research. Montelukast belongs to a group of medicines called leukotriene receptor antagonists, helping reduce inflammation and nasal congestion to keep airways open. It is also used for treating allergic rhinitis (hay fever) caused by allergens like pollen, dust, mold, or animal skin flakes. Around 8% of adults in the US experience allergic rhinitis. Additionally, montelukast is used to prevent breathing difficulties during exercise. With the increasing incidence of asthma and growing health awareness, the demand for montelukast is expected to rise, driving the global market growth.
Montelukast, widely used for asthma prevention and treatment, plays a crucial role in alleviating breathing difficulties caused by inflammation in the airways. It addresses asthma triggered by various factors, including genetics, environmental elements, and allergies to substances like dust, pet dander, pollen, and mold. The medicine is vital in managing symptoms such as wheezing, coughing, and chest tightness associated with asthma. With approximately 27 million Americans affected by asthma, including one in every 12 children, the demand for effective asthma treatment is on the rise. Montelukast belongs to the leukotriene receptor antagonist family, known for reducing inflammation and nasal congestion to maintain open airways. Additionally, it aids in treating allergic rhinitis caused by allergens and preventing breathing issues during exercise. As awareness about asthma increases and its global prevalence continues, montelukast is anticipated to play a significant role in meeting the growing demand for effective respiratory care.
Report Attribute/Metric | Details |
---|---|
Market Opportunities | Opportunities associated with the technological advancements |
Market Dynamics | Increasing prevalence of diseases like asthma, allergic rhinitis, etc. |
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Market CAGR for montelukast API is driven by the increasing number of people who have asthma. Globally rising rates of chronic respiratory disorders like asthma are one of the major market factors driving this industry. Since asthma is estimated to be the most common chronic condition globally, there has been a significant demand for innovative treatments. If someone has severe asthma, it can be a crippling illness requiring asthma medicine. Hence, the market expansion is expected to be supported by the increased need for people with asthma to have higher-quality lifestyles. As per the American Academy of Asthma, Allergy & Immunology, 8.3% of kids in the US were predicted to have asthma in 2016. Creating economical and effective treatments will drive market expansion during the forecast period.
Worldwide pollution levels are increasing as a result of growing industrialization. The environment's carbon content is rising due to the overuse of coal in creating electricity and other production activities, raising temperatures. On the other hand, people's purchasing power is growing due to rising disposable income. They are purchasing automobiles as a result. All of these causes contribute to increased pollution, which worsens existing health issues, including asthma and allergic coryza. According to the WHO, asthma and other bronchial issues can develop in sensitive people when the air quality is above 101. Following this, nations like China and India have taken the lead in having high AQI, which will contribute to market expansion.
The world population is expanding steadily, particularly in Asian countries like China and India, which comprise around 36% of the population. Around 4.6 billion of the world's 7.9 billion inhabitants reside in Asia. Along with the general population increase, the elderly population is also rising. There are about 700 million individuals over the age of 65, and that figure is projected to grow to between 1 and 2 billion soon. Respiratory issues are more likely in older age, bringing physical suffering.
The strong and vigorous R&D efforts made by major industry players to produce montelukast API are one of the significant market trends currently dominating this market. Since asthma is a chronic condition affecting many people globally, including children, several renowned pharmaceutical companies are working to produce asthma medications. Several promising asthma treatment candidates undergo various clinical trial stages as part of this involvement. Thus, driving the montelukast API market revenue.
The montelukast API market segmentation, based on application, includes asthma, allergic rhinitis, bronchospasm, urticaria, and others. The asthma segment dominated the market, accounting for 46.9% of market revenue (0.4 Billion). By preventing symptoms like wheezing, breathing issues, chest tightness, and coughing, montelukast sodium treats asthma in adults and children 12 months and older. Asthma, among the most prevalent ailments in the world, can be fatal and make breathing challenging for patients. Around 6.2 million children under the age of 18 have asthma. Asthma is responsible for 1.8 million trips to the emergency room, 188,968 hospital inpatient discharges, and 9.8 million visits to the doctor's office annually.
April 2020: Cipla Limited announced the successful completion of the Phase-3 clinical end-point trial for salmeterol inhalation powder and fluticasone propionate (50/100 mcg). Salmeterol inhalation and fluticasone propionate powder 500/50 mcg, 250/50 mcg, and 100/50 mcg are the generic equivalents of GSK's Advair Diskus. The medicine, a twice-daily prescription tablet, is intended for the prolonged treatment of chronic obstructive pulmonary disease in patients with asthma who are at least four years and have chronic bronchitis, emphysema, or both. This will result in better breathing and fewer asthma attacks.
Additionally, in 2022, allergic rhinitis witnessed the fastest growth rate due to variables including pollen, a powder produced by many trees, grasses, and flowers that causes allergic rhinitis. Growing carbon dioxide emissions eventually contaminate the ecosystem and lengthen pollen seasons. The prolonged pollen season accelerates the occurrence of illnesses like headaches, dark undereye bags, runny nose, coughing, and throat pain.
Figure 1: Montelukast API Market, by Application, 2022 & 2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
By region, the study provides market insights into North America, Europe, Asia-Pacific and Rest of the World. The Asia-Pacific Montelukast API Market area will dominate this market. This increase results from an aging population, particularly in developing nations like India and China, and an increase in pollution because these two nations are the largest emitters of carbon dioxide, making asthmatic conditions worse. On the other hand, because of their growing GDPs, these countries can afford to invest more money in R&D. Moreover, China’s montelukast API market held the major market share, and the Indian montelukast API market was the rapidly growing market in the Asia-Pacific region.
Further, the major countries studied in the market report are US, Canada, France, German, Italy, UK, Spain, Japan, China, Australia, India, South Korea, and Brazil.
Figure 2: Montelukast API Market Share By Region 2022 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
The North American Montelukast API market accounts for the second-largest market share. Its significant market share is attributable to several factors, including the existence of prominent players, the high prevalence of asthma and other respiratory disorders, and the well-established healthcare infrastructure. In addition, encouraging government initiatives and a rise in research collaboration numbers are anticipated to boost market expansion. Moreover, the U.S. montelukast API market held the major market share, and the Canadian montelukast API market was the rapidly growing market in the Asia-Pacific region.
Europe’s Montelukast API Market is expected to grow at the fastest CAGR from 2024 to 2032 because eminent academics worldwide and top pharmaceutical firms like GSK and AstraZeneca are there. The area has a strong potential for cutting-edge cures and conducts top-notch research in bioinformatics and digital technology. Further, the German montelukast API market held the largest market share, and the UK montelukast API market was the rapidly growing market in the European region.
Montelukast API Key Market Players & Competitive Insights
Leading market players are largely investing in research and development to expand their product lines, which will help the montelukast API market, grow even more. The launch of new products, larger-scale mergers and acquisitions, contractual agreements, and collaboration with other organizations are significant market developments in which market participants engage to increase their presence. The Montelukast API industry must provide affordable products to expand and thrive in a more competitive and challenging market environment.
One of the major business strategies manufacturers use in the montelukast API industry to increase market sector and benefit customers is local manufacturing to lower operational costs. In recent years, the montelukast API industry has stipulated some of the most important medicinal benefits. Major players in the montelukast API industry, including Teva Pharmaceutical Industries Ltd (Israel), Sandoz International GmbH (Germany), Vintage Pharmaceuticals Inc (US), Morepen Laboratories Ltd (India), and others, are funding operations for research and development to boost market demand.
Morepen Laboratories is a renowned Pharmaceutical Company in Active Pharmaceutical Ingredients and Formulations. Morepen Laboratories Limited, founded in 1984 by Mr. KB Suri, began as a pure API manufacturer. The company manufactures and sells active formulations, pharmaceutical ingredients (APIs), and home health products. With approvals from all the major regulatory agencies, including the USFDA, WHO GMP, and EU GMP, Morepen has an important international footprint and distributes to over 75 countries. In December 2021, Morepen Laboratories announced that it had got approval from the US Food and Medicine Administration to market its anti-allergy medicine Fexofenadine Hydrochloride in the United States. In India, the medicine is marketed under the brand Allegra.
Valeo Pharma Inc is a Canadian specialty pharmaceutical business focused on acquisitions, in-licensing, and similar partnerships. It now markets Synacthen Depot, a synthetic ACTH medication used in cases where natural cortisol and other hormone synthesis is needed. In March 2021, Valeo Pharma Inc. announced a Commercialization and Supply Contract with Novartis Pharmaceuticals Canada Inc. for the Canadian marketing of two asthma therapies, Enerzair Breezhaler (indacaterol (as acetate), glycopyrronium (as bromide), and mometasone furoate) and Atectura Breezhaler (indacaterol (as acetate) and mometasone furoate).
Key Companies in the Montelukast API market include
Montelukast API Industry Developments
May 2021:The Health Choice Arizona Formulary / Preferred Drug List now includes Montelukast Sodium. A Preferred Drug List (PDL) is a list of pharmaceuticals selected by Health Choice Arizona and a team of doctors and chemists. As long as the drugs on our PDL are medically required and appropriate, Health Choice will cover them. All Health Choice Arizona network pharmacy prescriptions must be filled, and all other plan restrictions must be fulfilled.
March 2021:ALK-Abelló A/S, a pharmaceutical company, announced the submission of a registration application in China for its ACARIZAX, a house dust mite (HDM) sublingual allergy immunotherapy (SLIT) tablet, to the National Medical Products Administration (NMPA), China's agency for regulating drugs and medical devices.
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