Global Laxatives Market Is Expected To Grow at a CAGR of 6.00% By 2032

Pune, India, February, 2022/MRFR Press Release/- Market research future published a half-cooked research report on global Laxatives market. The global Laxatives market is expected to grow at a CAGR of  6.00% during the period of 2023 to 2032.

Market Highlights

The Laxatives Market is expected to reach USD 10.98 Billion by 2030 at 6.00% CAGR during the forecast period 2023-2032

Laxatives are class of drugs used to promote evacuation of bowels and used to treat both acute and chronic constipation. These all increase the water content of faces and thereby make defecation less painful and easy. The laxatives have been segmented by their mechanism of action and these have different onset of action. For example, Bulk-forming agents and stool softeners both have an onset time of 12–72 hours, followed by lubricant agents with a onset time of 6–8 hours.

The market drivers are rise in risk factors such as sedentary lifestyle, overweight, long working hours etc. Another very important driver is the rise of fast food industry with low fibre foods and changing consumption patterns such as poor fruit and vegetable intake. The growth of geriatric population also drives the market as constipation affects the old people disproportionately due to natural slowing of digestive mechanism. The other factors driving the market are availability of laxatives as over the counter medicines without prescription and the off label use of laxatives. Laxative abuse is also driving the market as it results in habitual compulsory use of laxatives as the body is unable to expel faces due to excessive stimulation by chronic use of laxatives.

The market restraints are the side effects associated with the medicines such as their habit forming potential, flatulence, abdominal cramps, dehydration, disturbance of electrolyte balance, hypotension, hypokalaemia, rhabdomyolysis, steatorrhoea, etc. The market also faces a threat due to plethora of substandard products with dubious claims which reduces the credibility of the market.

The current product development strategy involves combinatory products involving two or more laxatives with a different mode of action. The most popular combination being bulk forming and lubricant laxatives. Greater palatable product with flavour are also being launched. The market also reflects the falling popularity of rectal route of administration. Products such as suppositories and enemas through rectal route are almost replaced by products by oral route except in small children and bed ridden patients. The market also reflects the falling popularity of stimulant laxatives as they are associated with damage to the intestinal and colon linings. Thus, Senna and its derivatives are losing the market share to other drugs especially synthetic drugs such as mineral oil and phenolphthalein.

Global Laxatives market:

The laxatives market has been evaluated as a growing market with a CAGR of 6.00% during the forecasted period.

The major participants of this market are: AstraZeneca plc, Boehringer Ingelheim GmbH, Bayer AG, GlaxoSmithKline, Abbott Laboratories, Takeda Pharmaceutical Company and others.

Regional Analysis

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Depending on geographic region, laxatives market is segmented into four key regions: Americas, Europe, Asia Pacific, and Middle East & Africa. Globally developed countries led by North America is the largest market for laxatives. Europe is the second-largest market for Laxatives. The developing regions market such as Asia pacific region and Middle East & Africa however is rising much faster.

Segmentation:

Global Laxatives market has been segmented on the basis of mechanism of action into bulk forming, stool softeners, stimulant, osmotic and others. On the basis of type the market has been segmented into organic and synthetic. On the basis of route of administration the market has been segmented into oral and rectal.

Browse In-depth Market Details [Table of Content, List of Figures, List of Tables] of Laxatives Market Research Report