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The Montelukast Intermediate market is stimulated substantially by the worldwide demand for Montelukast, a widely used drug for asthma and allergic rhinitis. The increasing prevalence of breathing disorders globally has led to a heightened demand for Montelukast, immediately impacting the market for its intermediates. The availability and price of raw substances required for the manufacturing of Montelukast Intermediate are vital factors influencing market dynamics. Fluctuations in the charges of key uncooked materials can impact the overall manufacturing value and, in the end, affect market pricing. Innovations in artificial chemistry and technique optimization contribute to the efficiency of Montelukast Intermediate production. Companies investing in advanced technology and technique improvements have a competitive edge in terms of price effectiveness and product niceness.
The Montelukast Intermediate market is characterized by the presence of several key players competing for market percentage. Market dynamics are formed by using elements inclusive of mergers, acquisitions, collaborations, and strategic alliances, which have an impact on the aggressive positioning of agencies in the market. Political and financial situations in key regions wherein Montelukast Intermediate is produced or eaten up can affect market balance. Trade guidelines, geopolitical tensions, and foreign money fluctuations are among the outside factors that contribute to market uncertainties. The common healthcare spending and accessibility to Montelukast-based medications in unique areas affect the market. Economic conditions and healthcare rules play an essential role in figuring out the affordability and availability of Montelukast merchandise, thereby influencing the demand for intermediates.
Increasing awareness amongst clients about respiratory health and the supply of effective medicines can drive demand for Montelukast products. Preferences for particular formulations and shipping strategies additionally impact market traits. The Montelukast Intermediate market is substantially stimulated with the aid of emerging markets, wherein rising healthcare consciousness, developing disposable income, and increasing occurrence of respiratory problems create new opportunities for market growth. Understanding and capitalizing on these rising market dynamics are key for sustained increase.
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Montelukast Intermediate Market Highlights:
Montelukast Intermediate Market Overview
The Montelukast Intermediate market is projected to reach USD 7.09 Million by 2030 at 4.20% CAGR during the forecast period 2022-2030.
Montelukast is a leukotriene receptor antagonist (LTRA) used to prevent wheezing, difficulty in breathing, chest tightness, and coughing caused by asthma. In addition, montelukast is indicated for the treatment of seasonal and perennial allergic rhinitis. Key factors driving the market growth are worldwide rising prevalence of asthma, bronchospasm, allergic rhinitis, and urticaria, burgeoning pharmaceutical industry coupled with the increasing demand from active pharmaceutical ingredients (APIs) manufacturers, and montelukast patent expiration along with the increasing presence of generics. On the contrary, the presence of stringent regulatory policies and the high cost of manufacturing building blocks for active pharmaceutical ingredients are likely to hinder the market growth during the forecast period.
Market Dynamics
Factors characterizing the market growth are worldwide rising prevalence of asthma, bronchospasm, allergic rhinitis, and urticaria, burgeoning pharmaceutical industry coupled with the increasing demand from API manufacturers, and montelukast patent expiration along with the increasing presence of generics. In 2016, asthma ranked twenty third (global) and thirty-first (in low- and middle-income countries — LMICs) among the leading causes of premature mortality (YLL). The World Health Organization (WHO) has estimated that 15 million disability-adjusted life-years are lost and 250,000 asthma deaths are reported worldwide every year.
Montelukast Intermediate Market Revenue, by Application, 2017 (USD Mn) Â 
Sources: MRFR Analysis
Segmentation
The montelukast intermediate Market, by application, can be classified into three types, namely, asthma, allergic rhinitis, bronchospasm, and urticaria.
Key Players
The prominent players in the Montelukast Intermediate market are VIVAN Life Sciences, P.G. Shah & Co., Manus Aktteva Biopharma LLP and Ortin Laboratories Limited.
Some of the key strategies followed by the players operating in the Montelukast Intermediate market were innovation, product development, acquisition, and expansion.
Montelukast Intermediate Market Share, by Region, 2017 (%) Â 
Sources: MRFR Analysis
Regional Analysis
The Montelukast Intermediate Market in the Americas is segmented into North America and Latin America.
North America is expected to dominate the market. The market growth in this region is mainly due to the presence of giant pharmaceutical companies and sophisticated healthcare infrastructure and the rising prevalence of asthma and allergic rhinitis in the US and Canada. One in 13 people is living with asthma and is more common in adult women than adult men. Around six million children under the age of 18 have asthma being more common in children than adults. Therefore, the increasing burden of asthma is fueling the demand for montelukast and is assisting in market growth.
Europe currently holds a significant share in the Montelukast Intermediate market. The factors responsible for the market growth in this region are poor air quality due to high fuel emission is increasing the incidence of asthma, allergy, and chronic obstructive pulmonary disease (COPD) in the UK, Germany, and France. The European Respiratory Society reported that, currently, about 30 Million children and adults less than 45 years old have asthma within the UK and Ireland have some of the highest rates of asthma in the world. In Germany, there are an estimated 4 Million asthmatics. In addition, an article published in the NCBI journal stated that the prevalence of allergic diseases in Europe is high.
Asia-Pacific is expected to represent a promising outlook over the forecast period due to the growing geriatric population along with the rising prevalence of respiratory diseases. According to the WHO, currently, there are about 3 Million asthmatics in Japan of whom 7% have severe, and 30% have moderate asthma. In Australia, one child out of six under the age of 16 is affected by asthma, while, India has an estimated 15 to 20 Million.
The Middle East and Africa market are projected to hold the least share in the Montelukast Intermediate market. In this region, the Middle East is anticipated to dominate owing to the presence of countries such as Egypt, Saudi Arabia, and others.
Market Segmentation
Montelukast Intermediate Market, by Application
- Asthma
- Allergic Rhinitis
- Bronchospasm
- Urticaria
Montelukast Intermediate Market, by Region
- North America
- US
- Canada
- Europe
- Germany
- Russia
- France
- Italy
- UK
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- Rest of Asia-Pacific
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- Middle East & Africa
Available Additional Customizations
Intended Audience
- Montelukast API Manufacturer
- Academic and Research Institutes
- Pharmaceutical Manufacturers
- Reference Laboratories
- Pharmaceutical Raw Materials Suppliers
- Montelukast Intermediate Manufacturers
- Market Research and Consulting Firms
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