Montelukast API Market was valued at USD 1.5 Billion in 2022 and is projected to reach USD 2.3 Billion by 2030, growing at a CAGR of 6.0% from 2024 to 2030.
The global Montelukast API market was valued at approximately USD 1.2 billion in 2022. The market is expected to exhibit a compound annual growth rate (CAGR) of around 7.5% over the forecast period from 2023 to 2030. This growth can be attributed to the increasing prevalence of asthma and allergic rhinitis, which drives the demand for Montelukast as an effective therapeutic option. Furthermore, the market benefits from the expanding generic drug industry, as Montelukast's patent expiration has facilitated wider availability and competitive pricing, thus fueling its adoption in various regions.
Emerging markets present significant opportunities for the Montelukast API sector. In particular, regions such as Asia-Pacific and Latin America are witnessing rapid growth due to rising healthcare expenditure, improving healthcare infrastructure, and growing awareness about chronic respiratory diseases. These markets are anticipated to contribute notably to the overall revenue growth of Montelukast API. Additionally, the increasing trend of outsourcing API production to cost-effective regions further enhances the market potential in these emerging economies, offering substantial opportunities for stakeholders to explore and capitalize on.
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Merck
Cipla
Morepen Laboratories
Sun Pharma
Teva Pharmaceutical Industries
Intas Pharmaceuticals
Apotex
Sanyo Chemical Industries
Mylan
Delmar Chemicals
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Montelukast API Market
Asthma
Allergic Rhinitis
Urticaria
Bronchospasm
Others
Based on Types the Market is categorized into Below types that held the largest Montelukast API market share In 2023.
Tablet
Chewable Tablet
Oral Solution
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Montelukast API Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Montelukast API Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Montelukast API Market, By Type
6. Global Montelukast API Market, By Application
7. Global Montelukast API Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Montelukast API Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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