Montelukast API Market size was over USD 1.01 billion in 2024 and is anticipated to cross USD 3.66 billion by 2037, witnessing more than 10.4% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of montelukast API is estimated at USD 1.1 billion.
Montelukast is a medication used in the maintenance treatment of asthma. The growth of the market can be attributed to the increasing prevalence of asthma amongst all age groups across the globe. According to the data by the World Health Organization (WHO), 262 million people were diagnosed with asthma in 2019, which caused 461000 deaths globally. Factors, such as, exposure to polluted air, chemicals, fumes, or dust, along with genetic makeup or smoking, are mainly responsible for the high cases of asthma across the world. Moreover, the growing health awareness amongst people, along with adoption of advanced drugs and medication are anticipated to boost the market growth.
Growth Drivers
Challenges
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Base Year |
2024 |
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Forecast Year |
2025-2037 |
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CAGR |
10.4% |
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Base Year Market Size (2024) |
USD 1.01 billion |
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Forecast Year Market Size (2037) |
USD 3.66 billion |
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Regional Scope |
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The market is segmented by application into asthma, allergic rhinitis, bronchospasm, and others, out of which, the asthma segment is anticipated to hold a substantial share in the global montelukast API market over the forecast period on account of increasing prevalence of asthma, along with the growing government initiatives to curb the cases of asthma.
Our in-depth analysis of the global montelukast API market includes the following segments:
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By Application |
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By End-User |
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Asia Pacific industry is poised to dominate majority revenue share by 2037, impelled by high geriatric population, along with the rising cases of asthma, as older people are more vulnerable to respiratory diseases.
The market in the North America region is anticipated to gain the largest market share throughout the forecast period on account of the high prevalence of asthma in the developed countries. A report by the Asthma and Allergy Foundation of America (AAFA) stated that approximately 25 million Americans suffer from asthma, including 5.1 million children under the age of 18.
Author Credits: Radhika Pawar
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