Jan 16, 2020 12:38 AM ET
Laxatives market is Estimated to Grow at CAGR of 5.76% During Forecast period 2019–2025
iCrowd Newswire -
Jan 16, 2020
The global Laxatives market is estimated to grow at a CAGR of 5.76% during the forecast period 2019–2025. The market is projected to grow from $5,575.8mn in 2018 to $8,249.4Mn by 2025. Laxatives are medicines that help resolve constipation or empty the bowel of fecal matter. Some soften or loosen up the stool, while others increase how frequently the large colon contracts helping bowel movement. In some cases, it is used to flush bowel fecal matter for procedures or surgery involving the lower bowel.
- In the coming years, growing interest in Laxatives is due to the application in Adults and Senior citizens.
- Product launch was a key sustainability strategy adopted by the market players to ensure the growth of Laxatives market.
- Europe region is estimated to record the fastest growth rate during the forecast period.
Drug Type – Segment Analysis
In 2018, Bulk – Forming segment dominated the Laxatives Market
in terms of revenue. It is forecast to grow at a CAGR of 2.42% during the period under consideration. Bulking- forming agents absorb water and swell in the intestines to create a softer, bulky stool that is easy to pass. Psyllium, a bulk-forming drug is mostly prescribed by doctors to soothe bowel movement.
Route of Administration – Segment Analysis
In 2018, Oral drugs segment dominated the Laxatives Market in terms of revenue. Oral laxatives are medicines taken by mouth to encourage bowel movements to relieve constipation. Rectal laxatives are usually used for children in case of constipation.
Indication – Segment Analysis
The Chronic Constipation segment dominated the Laxatives market in 2018. Cases of constipation are quite common when people consume uncommon foods, contaminated food and others. Laxatives are also prescribed for patients with irritable bowel syndrome.
Distribution – Segment Analysis
In 2018, Pharmacies segment dominated the market in terms of revenue. As laxatives are OTC medicines, it can be easily procured by any individual experiencing an upset stomach, aiding the growth of laxative market.
End User- Segment Analysis
Adults segment dominated the global Laxatives market in 2018. Increasing number of patients experiencing bowel disorders due to the unhealthy food habits results the growth of the laxatives market. Applications of laxative for senior citizens are also fast growing.
Geography – Segment Analysis
In 2018, the North America region occupied 38% of the global Laxatives market in terms of revenue. According to the Centers of Diseases Control and Prevention (CDC), in U.S., 3Mn people were diagnosed with Inflammatory Bowel Disease Prevalence (IBD). The increasing awareness of the gastrointestinal diseases within the general population is an additional reason for the dominance of this region.
Drivers – Laxatives Market
- Growth of geriatric population
The prevalence of bowel disorders increases in aging population. This is due to their body’s inability to digest food properly. The losing the elasticity of muscles and improper functioning leads to serious issues. These causes has led to the growing application of laxatives in senior citizens.
- Unhealthy eating habits among public
The current eating habits, sedentary lifestyle and other behaviors have led to increase the occurrences of improper bowel functioning. Due to the inactive lifestyle, food takes longer than usual to digest and in turn forms gastric diseases.
Challenges – Laxatives Market
Some people fear laxatives as they believe that laxatives leads to side effects on the long run. Thus, people shift from using laxatives to living a healthy lifestyle comprising of +fibrous and healthy diets.
Product Launches along is the key strategy of the players in the Laxatives industry. Laxatives top 10 companies include Abbott Laboratories, AstraZeneca, Bayer, Boehringer Ingelheim, Braintree Laboratories, GlaxoSmithKline, Procter & Gamble Company, Purdue Pharma, Sucampo Pharmaceuticals, Takeda Pharmaceutical Company.
Laxatives Industry Outlook:
The base year of the study is 2018, with forecast done up to 2025. The study presents a thorough analysis of the competitive landscape, taking into account the market shares of the leading companies. These provide the key market participants with the necessary business intelligence and help them understand the future of the Laxatives Market. The assessment includes the forecast, an overview of the competitive structure, the laxatives market size, the laxative market share of the competitors, as well as the market trends, market demands, market drivers, market challenges, and product analysis. The market drivers and restraints have been assessed to fathom their impact over the forecast period. This report further identifies the key opportunities for growth while also detailing the key challenges and possible threats. The key areas of focus include Drug Type, Route of Administration, Indication, Distribution, End User and Geography.
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