The global laxative market is dynamic, addressing diverse digestive concerns for enhanced well-being. Laxatives, vital in managing gastrointestinal health, offer relief from occasional constipation and conditions such as irritable bowel syndrome. This market extends beyond individual needs, serving medical purposes such as bowel preparation for procedures. Laxatives, available in various formulations such as oral medications, suppositories, and fiber supplements, cater to various applications in medical, therapeutic, and consumer contexts.
Data Bridge Market Research analyses that the Global Laxative Market value was USD 6.50 billion in 2022, is expected to reach USD 10.98 billion by 2030, and is expected to undergo a CAGR of 6.3% during the forecast period from 2023 to 2030.
"Increasing eating disorders drive the market growth"
Rising instances of eating disorders such as anorexia nervosa and bulimia nervosa are fueling the laxative market's growth. Those with eating disorders often adopt unhealthy practices such as severe food restriction or binge eating followed by purging. Laxatives have become a method to aid purging and weight control in this context. The increasing prevalence of eating disorders drives the demand for laxatives as individuals with these conditions seek ways to manage their disordered eating habits.
What restraints the growth of the global laxative market?
" High cost of drug development hamper the market growth"
The high cost of drug development poses a significant challenge in the pharmaceutical industry, impacting the laxative market. Extensive research, clinical trials, and regulatory compliance contribute to the substantial expenses incurred while developing new drugs. In the laxative market, this financial burden may increase prices for newly developed products, potentially limiting consumer accessibility and impeding market growth as affordability becomes a barrier to entry.
Segmentation: Global Laxative Market
The global laxative market is segmented on the basis of type, flavors, source, indication, mode of purchase, dosage form, route of administration, population type, sales channel, and distribution channel.
- On the basis of type, the global laxative market is segmented into osmotic laxatives, stimulant laxatives, bulk laxatives, lubricants, and emollient laxatives
- On the basis of flavors, the global laxative market is segmented into with flavor, and without flavor
- On the basis of source, the global laxative market is segmented into natural, synthetic, and others
- On the basis of indication, the global laxative market is segmented into chronic constipation, irritable bowel syndrome with constipation, opioid-induced constipation, acute constipation, and others
- On the basis of mode of purchase, the global laxative market is segmented into prescription, over-the-counter
- On the basis of dosage form, the global laxative market is segmented into tablets, capsules, powder, liquid, gels, suppositories, and others
- On the basis of route of administration, the global laxative market is segmented into oral, and rectal
- On the basis of population type, the global laxative market is segmented into children, and adults
- On the basis of sales channel, the global laxative market is segmented into hospitals, elderly care centers, home healthcare, pharmacy stores, grocer/health and beauty stores, and others
- On the basis of distribution channel, the global laxative market is segmented into direct sales, wholesalers, and others
Regional Insights: North America dominates the Global Laxative Market
North America dominates the global laxative market, driven by its substantial market share and revenue, a trend anticipated to persist in the forecast period. The region's growth is fueled by rising laxative usage and increased healthcare spending. Moreover, North America's market expansion is supported by the presence of key players and the adoption of advanced technologies. These factors collectively contribute to the region's sustained dominance in the global laxative market.
Asia-Pacific is expected to dominate the global laxative market from 2023 to 2030, emerging as the fastest-growing region. This dominance is driven by heightened investment in innovative research and development for novel drug products. The region's expanding healthcare infrastructure and the proliferation of generic drug manufacturers amplify the market's growth trajectory. These factors collectively propel the dynamic expansion of the laxative market in the Asia-Pacific region during the forecast period.
Recent Developments: Global Laxative Market
- In March 2021, Purdue Pharma L.P. launched two Senokot Dietary Supplement Products: Senokot Laxative Gummies – Blueberry Pomegranate flavor, offering a gentle overnight constipation solution with natural senna plant ingredients, and Senokot Laxative Tea, a sweet tea infused with natural and organic senna and chamomile, providing relief from occasional constipation when consumed before bedtime
To know more about the study, visit https://www.databridgemarketresearch.com/reports/global-laxative-market
The Prominent Key Players Operating in the Global Laxative Market Include:
- F. Hoffmann-La Roche Ltd. (Switzerland)
- Mylan N.V. (U.S.)
- Teva Pharmaceutical Industries Ltd. (Ireland)
- Sanofi (France)
- Pfizer Inc. (U.S.)
- GSK plc (U.K.)
- Novartis AG (Switzerland)
- Merck & Co., Inc. (U.S.)
- AstraZeneca (U.K.)
- Johnson & Johnson Services, Inc. (U.S.)
- Hikma Pharmaceuticals PLC (U.K.)
- Dr. Reddy's Laboratories Ltd. (India)
- Lupin (India)
- Fresenius Kabi AG (Germany)
- Aurobindo Pharma (India)
- Cipla Inc. (U.S.)
- Bausch Health Companies Inc. (Canada)
- Amneal Pharmaceuticals LLC. (U.S.)
- Apotex Inc. (Canada)
- Eli Lilly and Company (U.S.)
Above are the key players covered in the report, to know about more and exhaustive list of global laxative market companies, contact: https://www.databridgemarketresearch.com/contact
Research Methodology: Global Laxative Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, global vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.
