Mometasone Furoate Market Size & Share, by Route of administration (Topical, Nasal, Oral); Indication (Allergic Rhinitis, Inflammatory Skin Disorders, Asthma); Dosage Form (Nasal Spray, Cream, Ointment, Inhalers); Distribution Channel (Hospital, Retail, Online)- Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2024-2036

  • Report ID: 5507
  • Published Date: May 07, 2024
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2024-2036

Mometasone Furoate Market size is poised to reach USD 3 billion by the end of 2036, growing at a CAGR of 7% during the forecast period, i.e., 2024-2036. In the year 2023, the industry size of mometasone furoate was valued at USD 1 Billion. The market is booming as a result of the rising uncontrolled asthmatic conditions, which affect both children and adults. According to a report by CDC, about 44% of children, and 60% of adults have uncontrolled asthma.

Additionally, there is a rising awareness and focus on skincare and overall well-being as people become more conscious of taking care of their skin and seeking professional advice when needed. This has surpassed the demand for dermatological treatments like mometasone. Also, the expansion of the aging population worldwide is contributing to the growth of the sector.


Mometasone Furoate Market
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Mometasone Furoate Sector: Growth Drivers and Challenges

Growth Drivers

  • Growing interest in research and development activities - The rising mometasone furoate-related research and development efforts are anticipated to propel mometasone furoate market expansion. According to a report in 2021, one of the most important components of treatment for patients with eosinophilic esophagitis is topical corticosteroids.

    In addition, the purpose of this study was to examine the benefit of utilizing mometasone furoate spray versus placebo on dysphagia and health-related quality of life in these patients.
  • Surge in new product launches - In 2020, Enerzair Breezhaler (QVM149; indacaterol acetate, glycopyrronium bromide, and mometasone furoate [IND/GLY/MF]) was approved by the European Commission (EC) to treat adult patients with asthma who have not had their asthma adequately controlled with a maintenance regimen that includes a long-acting beta2 agonist (LABA) and a high-dose inhaled corticosteroid (ICS) and who have had one or more asthma exacerbations in the preceding year.
  • Rising cases of respiratory allergies - Respiratory allergies can be caused by many irritants, like smoke and fumes, in both indoor and outdoor environments, which can fuel allergy symptoms or several allergic reactions.

    In the immune system, mometasone lessens the appearance of redness, swelling, and itching, which are signs of allergic reactions and inflammatory diseases. The patient’s nose's puffiness and mucous are reduced with the nasal spray. Although the effects last longer than those of antihistamine sprays, it may take a little longer to start working. Therefore, the growing prevalence of respiratory allergies globally is also accelerating mometasone furoate market share.

Challenges

  • Exposure to piracy and corruption - The sector faces a serious threat from some of the common side effects of mometasone, such as allergic reactions, nausea, vomiting, loss of appetite, headaches, and many more. On the other hand, some severe side effects that may negatively impact the growth of the revenue share are crusting, blurry vision or vision loss, and white patches in the nose or mouth. These problems cause barriers for the users, which slows down the mometasone furoate market share.
  • High competition from alternative drugs may hamper the growth of the landscape.
  • The market revenue for mometasone furoate is further hampered by strict regulatory requirements and approval processes.

Mometasone Furoate Market: Key Insights

Base Year

2023

Forecast Year

2024-2036

CAGR

7%

Base Year Market Size (2023)

USD 1 Billion

Forecast Year Market Size (2036)

USD 3 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Mometasone Furoate Segmentation

 Route of administration (Topical, Nasal, Oral)

In mometasone furoate market, topical segment is poised to account for around 42% share by 2036. The reason behind this lucrative growth is impelled by the surge in the growth of skin conditions like eczema, psoriasis, and dermatitis worldwide. According to a report, about 223 million people worldwide, including 43 million children and young adults, suffered from atopic dermatitis in 2022. Mometasone, in the form of creams, ointments, and lotions, has shown great efficacy in managing these conditions, which leads to its popularity among healthcare professionals and patients.

In addition, advancements in formulation technology have improved the delivery and absorption of mometasone through the skin, enhancing its efficacy. Therefore, these innovations have led to the expansion of the topical segment.

Indication (Allergic Rhinitis, Inflammatory Skin Disorders, Asthma)

The allergic rhinitis segment in mometasone furoate market is set to garner a notable share. It is likely to remain the second largest segment, led by the substantial growth in quicker and higher-quality diagnostic techniques. In addition, the enormous financial burden on society due to disability and early death raises costs for prescription drugs, direct health care, and indirect costs associated with lost productivity.

Treatment for allergic asthma is often required in conjunction with perennial allergic rhinitis. The market size expansion for treatments for allergic rhinitis is also being impacted by this illness worldwide. Moreover, mometasone nasal spray is frequently recommended to help reduce allergic rhinitis symptoms. The expansion of this market size can be attributed to mometasone's efficacy in treating allergic rhinitis.

Our in-depth analysis of the global market includes the following segments: 

            Route of administration

  • Topical
  • Nasal
  • Oral

            Indication

  • Allergic Rhinitis
  • Inflammatory Skin Disorders
  • Asthma

            Dosage form

  • Nasal Spray
  • Cream
  • Ointment
  • Inhalers

            Distribution channel

  • Hospital
  • Retail
  • Online

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Mometasone Furoate Industry-Regional Synopsis

North American Market Statistics

By 2036, North American region is expected to capture over 47% mometasone furoate market share. The landscape growth in the region is expected to grow, credited to the surge in the number of awareness campaigns regarding psoriasis and the high prevalence of skin conditions like eczema in the region. According to a report, in North America, 7.5 million individuals suffer from psoriasis every year.

In addition, there has been a surge for skincare and dermatological health, coupled with increasing demand for products like mometasone, as new and improved mometasone formulations have also been made, which will further drive the industrial growth rate, hence augmenting the mometasone furoate market revenue share.

European Market Analysis

The European region will also encounter a huge influence on the mometasone furoate market size expansion in the coming years and will account for the second position owing to the gain in approvals for mometasone spray, coupled with the aging population in many European countries and the increasing need for such products.

Moreover, the presence of e-commerce and online pharmacies has made it easier for people to access and purchase more mometasone-furoate products. In addition, the increasing investments in healthcare industries and the availability of advanced medical facilities in Europe have also supported the growth of the mometasone furoate market.

Research Nester
Mometasone Furoate Market Size
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Companies Dominating the Mometasone Furoate Landscape

top-features-companies
    • Perrigo Company plc
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Bausch Health Companies Inc.
    • Glenmark Pharmaceuticals Limited
    • Vetoquinol USA
    • AstraZeneca plc
    • Intersect ENT
    • Hikma Pharmaceuticals
    • Medlab Pharmaceuticals Private Limited
    • AdvaCare Pharma
    • Dermocare Laboratories

In the News

  • Glenmark Pharmaceuticals Limited- The world-renowned, research-driven pharmaceutical business has announced the introduction of Ryaltris-AZ Nasal Spray in India for the management of moderate to severe allergic rhinitis.
     
  • Intersect ENT- a MedTech leader revolutionizing patient care, announced that it has entered into a final agreement to purchase all of the outstanding shares of Medtronic plc, a global leader in medical technology.

Author Credits:  Smruti Ranjan, Rajrani Baghel


  • Report ID: 5507
  • Published Date: May 07, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2023, the industry size of the mometasone furoate market was over USD 1 billion.

The market size for the mometasone furoate market is projected to cross USD 3 billion by the end of 2036 expanding at a CAGR of 7% during the forecast period i.e., between 2024 and 2036.

The major players in the market are Bausch Health Companies Inc., Glenmark Pharmaceuticals Limited, Vetoquinol USA, AstraZeneca plc, Intersect ENT, Hikma Pharmaceuticals, Medlab Pharmaceuticals Private Limited, AdvaCare Pharma, Dermocare Laboratories, Taro Pharmaceutical Industries Ltd., Kyorin Remedio Co., Ltd, Teikoku Seiyaku Co., Ltd., Mitsubishi Tanabe Pharma Corporation, Takeda Pharmaceuticals., and others.

In terms of route of administration, the topical segment is anticipated to account for the largest market share of 42% during 2024-2036.

The North American mometasone furoate market is poised to hold the highest share of 47% by 2036.
Mometasone Furoate Market Report Scope
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