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Constipation Laxative Market Size, Opportunities And Scope By 2033
Constipation Laxative Market Size
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According to The Business Research Company's, The constipation laxative market size has grown strongly in recent years. It will grow from $6.60 billion in 2023 to $7.00 billion in 2024 at a compound annual growth rate (CAGR) of 6.1%. The growth in the historic period can be attributed to the increasing number of elderly individuals, lack of physical activity, greater awareness about digestive health, easy access to laxatives, and rising incidence of gastrointestinal diseases.
The constipation laxative market size is expected to see strong growth in the next few years. It will grow to $8.89 billion in 2028 at a compound annual growth rate (CAGR) of 6.2%. The growth in the forecast period can be attributed to increased recommendations from doctors and pharmacists, regulatory changes impacting drug approval, growth in the functional foods market, increased availability and distribution of laxatives, and the rise of e-commerce platforms. Major trends in the forecast period include advancements in pharmaceuticals, improved manufacturing processes, ongoing research into gastrointestinal health, product innovations, and the development of combination formulations.
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Market Drivers and Trends:
The increasing prevalence of constipation is expected to propel the growth of the constipation laxative market going forward. Constipation is a symptom characterized by infrequent bowel movements, typically fewer than three times a week, and difficulty passing hard, dry stools. The prevalence of constipation has been rising due to various factors, including changes in dietary habits, sedentary lifestyles, inadequate fluid intake, and certain medical conditions or medications. Constipation laxatives are used to alleviate constipation by stimulating bowel movements or softening stools. They help restore regularity and ease discomfort when dietary and lifestyle changes are insufficient. For instance, in January 2024, according to the survey of 1,139 participants conducted in Saudi Arabia on individuals aged 18 and above by Cureus, a US-based peer-reviewed journal, a total of 811 participants, comprising 71.2% of the total, reported either current or past experiences with constipation. Therefore, the increasing prevalence of constipation is driving the growth of the constipation laxative market.
Major companies operating in the constipation laxative market are focusing on innovating new products, such as ayurvedic liquid laxatives, to address the needs of consumers seeking an effective and palatable solution for constipation. An ayurvedic liquid laxative is an herbal-based solution designed to alleviate constipation by promoting bowel movements, offering a natural alternative within the spectrum of constipation laxatives. For instance, in December 2023, Lupin Life, an India-based pharmaceutical company, launched Softovac Liquifibre, a 100% Ayurvedic liquid laxative. This innovative product combines Isabgol fiber with natural actives including Sonamukhi, Harad, Mulethi, Saunf, Amaltas, and Gulab Dal. Softovac Liquifibre offers a gentle and non-habit-forming solution for constipation. It is enhanced with advanced technologies for optimal particle size and mango flavor, and it caters to consumers' preferences for palatable and diabetic-friendly options.
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Major Key Players of the Market:
Procter & Gamble Corporation, Johnson & Johnson Services Inc., Merck & Co. Inc., Bayer AG, Sanofi S.A, AstraZeneca PLC, Abott Laboratories, GlaxoSmithKline Plc, Takeda Pharmaceutical Company Limited, Boehringer Ingelheim International GmBH, Reckitt Benckiser Group plc, Fresenius Kabi AG, Daiichi Sankya Company Limited, Eisai Co. Ltd, Sun Pharmaceutical Ltd, Purdue Pharma LP, Shionogi & Co. Ltd, Dr. Reddy's Laboratories Ltd., Cipla Limited, Mallinckrodt Pharmaceuticals, Ironwood Pharmaceuticals, Beutlich Pharmaceuticals LLC
Constipation Laxative Market 2024 Key Insights:
• The constipation laxative market size is expected to see strong growth in the next few years. It will grow to $8.89 billion in 2028 at a compound annual growth rate (CAGR) of 6.2%.
• Increasing Prevalence Of Constipation Is The Driving Factors Behind the Growth of the Constipation Laxative Market
• Innovative Breakthrough For Transforming Constipation Care
• North America was the largest region in the constipation laxative market in 2023
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