ID: MRFR/Pharma/2055-HCR | 85 Pages | Published By Rahul Gotadki on March 2023
The laxatives market is expected to gain a market value of USD 10.834 billion by 2030 at a CAGR of 6% from 2022-2030.
A laxative is a supplement that is useful in loosening the stools and facilitating relaxation, increasing bowel movements, and relieving constipation. If anyone is suffering from constipation, laxatives are quite helpful. Laxatives can also help with pain caused by dry and hard stools. It can be taken thrice in a week. This is preferred as a medicine when other treatments and cures for constipation are abortive.
The global laxatives market is showing a significant growth rate. The market is mainly driven by the growing prevalence of constipation, increasing awareness about gastrointestinal infections, and rising support from the government to develop an adequate healthcare sector. Laxatives prevent the incidence of short-tempered looseness, a common side-effect of restorative laxatives. Bulk-forming laxatives also improve health conditions such as fissures, hernias, and hemorrhoids. The rising usage of intoxicant-based laxatives is attributed to their immediate effectiveness. However, the high cost of drug distribution will hinder the market growth rate. The lack of health sector in developing countries and unskilled professionals will challenge the laxative market. In addition, the side effect related to dehydration, chronic constipation, diarrhea, and blood in the stool and strict regulation by the government will restrain the market's growth rate during the forecast period. National Center for Health Statistics from the Center for Disease Control shows that 36.6% of adults in America eat fast food every day. That's about 84.8 million adults. Due to more consumption of fast food, people are suffering from constipation problems. To cure themselves, they are demanding laxative supplements.
COVID-19 Analysis
The impact of the COVID-19 pandemic on the global laxative market was moderate. The lack of physical yoga and exercise, bad sleeping routines, changed dietary habits, anxiety, and stress have all disturbed the colon's circadian cycle. Furthermore, staying at home owing to the global pandemic and lockdown has impacted health. Not working out enough, consuming fast food, and not sticking to a routine all reduced colonic motility. This has boosted the laxative market during the pandemic period.
However, the supply chain disruption due to trade and lockdown restrictions had a negative impact on the market.
Laxatives Market Dynamics
Drivers
There is a rise in the prevalence of constipation amongst various people suffering from the same, across the globe. There is an exceptional increase in the adoption of laxatives, especially in countries that have a low income. The key laxatives market players are taking various steps that will help in creating information and growing awareness amongst the general population. The market is in dire need of awareness related to gastrointestinal diseases and problems. These are collaborating to help the market with the needed drivers on the way of its global laxatives market growth by the end of the forecast period in 2022.
Restraints
The consumption of laxatives has the potential to cause other health concerns like flatulence and bloating sickness feeling, and dehydration along with constantly occurring abdominal cramps. Constipation in itself is troublesome and hence, tends to overshadow these issues. But, looking at the larger picture, these factors are restraints on the path of global growth for the laxatives market. Another restraint for the market is the use of laxatives as a treatment for reducing and cutting down the weight of obese people.
Technology Analysis
The problem of constipation is emerging as one of the major and most common problems. The main reason behind this is the sedentary lifestyle of people. This includes factors disturbed sleep cycle, bad eating habits, irregularity in mealtimes, and lack of exercise. These result in gastric imbalance and the result of the same is constipation. Hence, the demand for the consumption of laxatives is increasing in both adults and children. However, the prescription and its necessity may vary in these cases.
Regional Market Summary
Global Laxatives Market Share (%), by Region, 2018
Source: Centers for Disease Control and Prevention (CDC), Eurostat, White Papers, Company Presentations, and Annual Reports
Study Objectives
Laxatives Market Segment Overview
The rise of lifestyle changes amongst people is increasing the demand for the global laxatives market. However, to enhance their reach and opt for providing and developing services on a large scale, the market has been segmented based on the following:
Drug type
Based on the drug type for the global laxatives market, the drugs that are used are hyperosmotic, stimulants, lubricants, bulk-forming, alongside stool softeners.
Administration
The administration is either oral or rectal.
Indication
The indication for health issues for laxatives include chronic constipation and irritable bowel syndrome
End-user
The laxatives market, end-users include hospitals, clinics, along with the research and technology-based institutes
Region
Owing to the above-stated segments, the regions include the North American countries, European nations, the APAC region, along with the Middle East and Africa amongst others
Laxatives Market Regional Analysis
The population of countries like the USA and Canada is moving towards a sedentary lifestyle and hence, the demand for laxatives is increasing in these regions. In the historic year of 2017, the North American region expected a dominant growth in global competition. However, if the developing regions are eyeing towards giving tough global competition, the dire need is for the development of ways through which laxative drugs will be accepted by a large audience. These regions have emerged and seen a larger preference and demand for home and traditional remedies that need to be curbed and challenged if a reliable need and demand for laxatives has to be generated.
Competitive Landscape of Laxatives Market
To get a better understanding of the factors that influence the final market valuation, it is mandatory to have an idea of the revenue cycles of the key laxatives market players. The players functioning to expand the laxatives market revenue are as follows:
Recent Developments
Intended Audience
Report Overview
The global laxatives market research report aims to understand the impact of the pandemic on the market operations and further discuss the dynamics like growth, opportunities, and risks available. The market report discusses the futuristic scope by helping to understand the revenue potential of the various market segments functioning in various locations across the globe. The laxatives market report also considers the opinions of the experts and key market players to predict the expected CAGR rate of growth and market valuation. Also, the report helps to have an idea about the leading market players and regions by discussing the recent developments undertaken by them during the forecast period that ends in 2022.
Report Attribute/Metric | Details |
---|---|
Market Size | USD 10,834 Million |
CAGR | 5.50% |
Base Year | 2021 |
Forecast Period | 2022-2030 |
Historical Data | 2020 |
Forecast Units | Value (USD Million) |
Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
Segments Covered | Drug Type, Route of Administration, End User |
Geographies Covered | North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
Key Vendors | Bayer AG (Germany), Boehringer Ingelheim Pharmaceuticals Inc. (Germany), Eskag Pharma Pvt. Ltd. (India), GlaxoSmithKline Plc (UK), Procter & Gamble Company (US), Purdue Pharma L.P.(US), Mallinckrodt Pharmaceuticals (UK) , Abbott Laboratories (US) , Braintree (US), AstraZeneca plc (UK), Sucampo Pharmaceuticals (US) |
Key Market Opportunities | New product launches and R&D Amongst major key Players |
Key Market Drivers |
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Global Laxatives Market is projected to grow at a 5.50% CAGR between 2022-2030.
North America is predicted to dominate the Laxatives Market.
Different end use industries of Laxatives Market include research institutes and hospitals & clinics.
Lack of exercise and increasing sedentary lifestyle are adding market growth.
Presence of alternatives and some side effects may limit market growth.