Market Synopsis:
The laxatives market research report is expected to gain a market value of USD 10.834 billion by 2030 at a CAGR of 6% from 2022-2030.
Laxatives are available without prescriptions over the OTC counters. People are aware of the effects which are likely to accelerate revenue creation for the market players. The growth pace of the pharmaceutical industry is also prognosticated to facilitate the expansion of laxatives market in the years to come.
The paradigm shift towards a sedentary lifestyle is anticipated to increase the burden of constipation. Also, increasing dependency on unhealthy food pattern is poised to facilitate the exponential growth of patient population in the forthcoming years. 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.
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 assured laxative market size 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. The U.S, and Canada are expected to contribute remarkably towards the development of the regional laxatives market in the forthcoming years. One of the primary factors inducing market growth is the sedentary lifestyle adopted by the population in the region. It is also expected to increase the burden of obesity, which is projected to have a favorable impact on the rising patient population of constipation. The food pattern of the region is also highly unhealthy. This, in turn, is likely to catapult the laxatives market on its growth trajectory.
Europe is forecasted to maintain its stand at the second spot over the next couple of years. Europe is anticipated to benefit from the increasing cases of irritable bowel syndromes witnessed in the region. This, in turn, is anticipated to boost the sales of laxatives in the years to come. The region has also been observing a drastic change in the lifestyle of the people. The dependency on an unhealthy diet, in conjunction with a physically inactive lifestyle, is expected to favor the expansion of the laxatives market over the next few years. In addition, the availability of laxatives without prescription over the OTC counters is poised to optimize the growth of the market in the region across the review period.
Asia Pacific is prognosticated to exhibit rapid developments over the next few years. The growth of the regional segment can be ascribed to the exponentially increasing population. A drastic rise in the patient population is expected owing to increasing population, which is projected to drive the growth of the region in the years to come. Also, the advancements in the healthcare industry are likely to boost the expansion of the industry over the next few years. The Middle East & Africa is projected to exhibit developmental opportunities. However, lack of access to standard medical services in certain regions, especially in Africa, is poised to restrict the growth of the regional segment.
Competitive Dashboard:
The key participants profiled in the share analysis of the global laxatives market are AstraZeneca plc, Bayer AG, Boehringer Ingelheim GmbH, GlaxoSmithKline, Takeda Pharmaceutical Company, and Abbott Laboratories.
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