Laxatives Market Report Overview
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The global laxatives market size was 5081.9 million in 2021 and is projected to touch USD 7267.7 million by 2031, exhibiting a CAGR of 3.3% during the forecast period.
The global COVID-19 pandemic has been unprecedented and staggering, with laxatives market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market growth and demand returning to pre-pandemic levels once the pandemic is over.
Laxatives are the type of medicines used to treat constipation and diarrhoea. It is a medicine used to loosen stools in order to increase bowl activities. They favoured as medication when remedies such as upsurge in fiber, regular workout and intake of water is not ample to cure the constipation. Adaption of unhealthy lifestyle, occurrence of chronic intestinal diseases such as prickly bowel syndrome and family history with intestinal diseases will also increase up the laxative market growth. Laxatives are the drugs that are operated to treat severe as well as mild cases of constipation. These have diverse mechanisms to cure constipation and have different variations from one drug to another. Laxative effects can be found in some food that can help relieve constipation. Laxatives work by softening the stool, promoting bowel movements, and easing constipation. Obesity is a major factor for liable for constipation thus rising overweight cases are major cause for growth. Constipation can occur due to diverse reasons such as dehydration, less consumption of fiber, and other metabolic diseases such as diabetes. Growing elderly population is anticipated to enhance the market growth rate. Bowel disorder are becoming more common as the populations ages due to their body inability to sufficiently digest meals. As a result, senior citizens are progressively using laxatives as elderly people are many times prone than younger adults to experience constipation related issue. Increasing cases of obesity are also driving the demand in the region. Developing advanced formulations with enhanced effectiveness, minimal side effects, and improved taste can create opportunities for market players. Awareness about digestive health is increasing and healthcare sector is rising. The development speed of the medical industry is also predicted to enable the enlargement of market during the forecast period. Online sales platforms are resorted by some market players for advertising over-the-counter laxative brands.
COVID-19 Impact: Pandemic hampered the market due to unexpected disruption in the sector
COVID-19 pandemic has extremely affected the whole world. It caused many unexpected disruption and affected the industry. COVID-19 had negative impact on the market due to economic slowdown, unpredictability in financial sector and high unstable market. The pandemic resulted in decreased demand due to a disrupted supply chain, drop in sales of products, delivery schedules. Travel bans imposed affected business collaboration and partnership. Staying at home upsets eating habits, practises and exercises causing in constipation and growing the number of individuals who use laxatives.
Latest Trends
"Use of innovative products to boost the market growth "
Technological improvement and development will further enhance the presentation of the product, allowing it to obtain a varied range of requests in the market. Technological advancement will improve performance and propel the market growth. Technological advancement with high demand are increasingly setting a force to increase the productivity. Some players focus on product improvement to meet consumer requirements and likings. Constant innovation in manufacturing of products is anticipated to stimulate product demand.
Laxatives Market Segmentation
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- By Type Analysis
According to type, the market can be segmented into hypertonic laxative, lubricating laxative, stimulant laxative, volumetric laxative, swelling laxative, others.
Hypertonic laxative capture the maximum market share through forecast period.
- By Application Analysis
According to application, the market can be segmented into hospital pharmacies, retail pharmacies, online pharmacies
Laxatives market players cover segment as hospital pharmacies will dominate the market share during forecast period.
Driving Factors
"Elderly population to increase the market growth"
Elderly people are more prone than younger adults to experience constipation related issue. Bowel disorders are becoming more common as the population ages. This is due to their body’s incapability to tolerably digest meals. As a result of these factors, senior citizens are increasingly using laxatives.
"Unhealthy eating habits and inactive lifestyle to upsurge the market."
Varying dietary habits, inactive lifestyles, consumption of fast food in large quantity are growing demand for constipation dealing. Food takes longer to digest due to an inactive lifestyle, which leads to gastric diseases. Unhealthy eating habits will boost the market's growth rate. Patients with eating disorders are most likely to overuse laxatives. Continuous upsurge in inactive lifestyle and rising fondness for the intake of fast food will further support the market growth.
Restraining Factors
"Side effects of medicine to hamper the market growth"
Side effects associated with using it hinders the laxatives market growth. Often usage of theses medicines causes electrolyte disturbances and changes in balance in the gut. Thus some people choose healthy diet for fear of this side effects. Side-effects associated with diarrhoea, dehydration and chronic constipation will hinder the market growth. Prolonged and excessive use of laxatives can lead to dependency and adverse effects.
Laxatives Market Regional Insights
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"North America to dominate the region due to increasing healthcare expenditure"
North America is further expected to witness growth in the laxatives market share. The region is dominating the market due to the inactive lifestyle and diet-related aspects such as not consuming adequate water and high intake of junk food. Rising healthcare expenditure will propel the market growth due to high occurrence of digestive imbalance ailments and obesity. The development of the regional sector can be qualified to the exponentially growing population. A severe increase in the patient inhabitants is projected due to growing inhabitants. Asia-Pacific is probable to be the fastest growing region due to the increasing elderly population with gastric difficulties.
Key Industry Players
"Key players focus on partnerships to gain competitive advantage"
The key players are dynamically contributing in strategic events that are aimed at maintaining strong market position and increasing market share by merger, partnerships and others. Key players are motivated to introduce new innovative products. They are spending severely on research and development in order to arise with more new technology so that they can maintain and improve their existing market. The market changes are dynamic such as market expansion, partnership and merger.
List of Market Players Profiled
- AstraZeneca (U.K.)
- Bayer (Germany)
- GlaxoSmithKline (U.K.)
- Abbott Laboratories (U.S.)
- Braintree Laboratories (U.S.)
Report Coverage
The report provides scrutiny and information according to market sectors. Business overview, financial overview, product portfolio, new project launch, recent development enquiry are the factors included in the profile. The report incorporates completely examined and appraised evidence of the noticeable players and their position in the market by methods for various descriptive tools. The report covers national and regional level market size and forecast. The report gives businesses the facility to research new prospect in many areas. The report shows to be an operational tool that players can use to gain a competitive superiority over their opponents and ensure lasting achievement in the market.
REPORT COVERAGE | DETAILS |
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Market Size Value In |
US$ 5081.9 Million in 2021 |
Market Size Value By |
US$ 7267.7 Million by 2031 |
Growth Rate |
CAGR of 3.3% from 2021 to 2031 |
Forecast Period |
2024-2031 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Type and Application |
Frequently Asked Questions
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What value is the laxatives market expected to touch by 2031?
Laxatives market is expected to touch USD 7267.7 million by 2031.
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What CAGR is the laxatives market expected to exhibit during 2022-2028?
Laxatives market is expected to exhibit CAGR of 3.3% during 2031.
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What are the driving factors of the laxatives market?
Varying dietary habits, inactive lifestyles, consumption of fast food in large quantity are growing demand for constipation dealing.
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Which are the key players or most dominating companies functioning in the laxatives market?
The dominating companies in the laxatives market AstraZeneca, Boehringer Ingelheim, Bayer, GlaxoSmithKline, Abbott Laboratories, and Takeda Pharmaceutical Company.