The global Laxatives Market is estimated to be valued at USD 6.5 billion in 2022 and is expected to exhibit a CAGR of 6.00% over the forecast period 2023-2032, as highlighted in a new report published by Coherent Market Insights.
A) Market Overview:
The Laxatives Market refers to the pharmaceutical products that are commonly used to relieve constipation. These products work by increasing bowel movements, softening the stool, and helping in its easy passage from the body. The rising incidence of constipation globally, attributed to sedentary lifestyles and poor dietary habits, is driving the demand for laxatives. Moreover, the increasing trend of self-medication and over-the-counter availability of laxatives are further fueling market growth.
B) Market Dynamics:
The market dynamics of the Laxatives Market are influenced by two key drivers: increasing incidence of constipation and the rising trend of self-medication. The global burden of constipation is on the rise, especially in developed regions such as North America and Europe. Sedentary lifestyles, low fiber intake, and lack of physical activity are major contributors to constipation. As a result, there is a growing demand for laxatives to provide relief from this condition. Additionally, the trend of self-medication is gaining popularity, with consumers opting for over-the-counter laxatives without consulting healthcare professionals.
C) Market Key Trends:
One key trend observed in the Laxatives Market is the growing preference for natural and herbal laxatives. Consumers are increasingly seeking natural alternatives due to concerns about side effects associated with chemical laxatives. For instance, herbal laxatives like aloe vera, senna, and cascara Sagrada are gaining traction among health-conscious consumers. They provide a gentler approach to relieving constipation and are perceived as safer options.
D) SWOT Analysis:
1. Strength: Wide availability of laxatives in various forms such as tablets, syrups, and powders, offering convenience and flexibility to consumers.
2. Strength: Increasing demand for over-the-counter laxatives driven by the rising trend of self-medication.
3. Weakness: Side effects associated with long-term use of laxatives, including dependency and electrolyte imbalances.
4. Weakness: Stringent regulations and safety concerns related to the use of laxatives in certain population groups, such as pregnant women and children.
5. Opportunity: Growing market potential in emerging economies with increasing awareness of digestive health and improving healthcare infrastructure.
6. Opportunity: Advancements in drug delivery systems for laxatives, such as oral films and controlled-release formulations, offering improved efficacy and patient compliance.
7. Threat: Intense competition among key players in the Laxatives Market may lead to price fluctuations and reduced profit margins.
8. Threat: Stringent regulatory requirements for the approval and marketing of laxative products, making it challenging for new entrants.
E) Key Takeaways:
1. The global Laxatives Market is expected to witness high growth, exhibiting a CAGR of 6.00% over the forecast period, due to increasing incidence of constipation and the rising trend of self-medication.
2. North America is anticipated to dominate the market during the forecast period, driven by the high prevalence of constipation and the availability of a wide range of laxative products.
3. Key players operating in the global Laxatives Market include Mylan N.V., Teva Pharmaceutical Industries Ltd., F. Hoffmann-La Roche Ltd., Sanofi, Pfizer Inc., GlaxoSmithKline plc, Merck & Co., Inc., AstraZeneca, Johnson & Johnson Private Limited, Novartis AG, Hikma Pharmaceuticals PLC, Lupin, Fresenius Kabi AG, Aurobindo Pharma, Cipla Inc., Bausch Health Companies Inc., Dr. Reddy's Laboratories Ltd., Amneal Pharmaceuticals LLC., Apotex Inc., and Eli Lilly and Company.
In conclusion, the global Laxatives Market is projected to grow significantly in the coming years, driven by factors such as the increasing incidence of constipation and the rising trend of self-medication. However, the market faces challenges.
Laxatives Market Research Report: Information by Drug Type (Hyperosmotic and Bulk-Forming), Route of Administration (Oral and Rectal), Indication (Chronic Constipation and Irritable Bowel Syndrome), End User (Hospitals & Clinics, Research Institutes and others) and Region (the Americas, Europe, Asia-Pacific and the Middle East & Africa) - Forecast till 2027Market Synopsis:Laxatives are used for treating constipation.
Increasing cases of gastrointestinal disorders are expected to boost the demand for laxatives over the next couple of years.
The study conducted by Market Research Future (MRFR) has highlighted that the global laxatives market is anticipated to expand at a moderate CAGR across the assessment period 2017 to 2022.Laxatives are available without prescriptions over the OTC counters.
On the flip side, adverse effects associated with the medicine such as cramps, dehydration, etc.
is anticipated to undermine the growth of the laxatives market over the next few years.Request Free Sample Copy at: https://www.marketresearchfuture.com/sample_request/2772 Market Segmentation:Global Laxatives market, on the basis of the mechanism of action, has been segmented into bulk forming, stimulant, osmotic, emollient, and others.On the basis of type, the laxatives market has been bifurcated into organic and synthetic.On the basis of route of administration, the global laxatives market has been bifurcated into oral and rectal.Regional Analysis:The global laxatives market, by region, has been segmented into Americas, Europe, Asia Pacific, and the Middle East & Africa (MEA).
Among these regional segments, North America has been projected to account for the maximum share of the market through the review period.
According to a study published by Sheer Analytics and Insights Private Limited, the Global Laxative market is expected to grow at a CAGR of 5.31% from 2021 to 2031.Today with an increasingly busy lifestyle and fast-moving work life, most youngsters who work on desk jobs cannot take care of their health.
Our study basis and parameters for Laxative’s market are given belowSurvey Parameters:By GenderMale, Female, Children (feedback taken from parents)By Age Group0-5, 5-16, 16-30, 30-50, 50 to 65, 65 and aboveBy Types of drugs usedNatural OTC, Synthetic OTC, and Prescription basedBy Price range7By Duration of Usage:Long Term, Short Term, IntermittentBrowse the full report at https://www.sheeranalyticsandinsights.com/market-report-research/laxatives-market-21For North America:Size of survey: 20,000 (12,000 – U.S., 3,000 – Canada, and 5,000 – Mexico)For Europe:Size of survey: 40,000 (4000 – Germany, 2000 – Italy, 2000 – U.K., 2000 – Russia, 2,000 – France and 20,000 – Other Countries (Report can be made available on request))For Asia Pacific:Size of survey: 70,000 (20,000 – China, 20,000 – India, 10,000 - France and 20,000 – Other Countries (Report can be made available on request))For LAMEA:Size of Survey: 22,000 (10,000 – Latin America, 8,000 – Middle East, and 6,000 – Africa)Get Free Sample Request Download: https://www.sheeranalyticsandinsights.com/request-sample/laxatives-market-21The trend in North America:As per the study, U.S. is the leader in consuming such types of products in North America.
This study has also analyzed that among all types of drugs in the U.S., OTC drugs are mainly used and have a share of around 46% in 2021.
In the Asia Pacific, the Chinese population is also prone to gastric problems, and they use Natural Laxatives and OTC Laxatives.
This study also interpreted that the duration of taking these alternatives is of shorter time than regular.Trends in LAMEA:In the Middle East, due to its rich food culture, people suffer constipation-based problems regularly.
The demand for Laxatives in this region is much higher than in Africa and Latin America.Competition Trend:The market of Laxatives is competitive and fragmented.
