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Constipation Treatment Market Trends, Outlook And Forecast 2033
Constipation Treatment Market Trends
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According to The Business Research Company's, The constipation treatment market size has grown strongly in recent years. It will grow from $10.95 billion in 2023 to $11.65 billion in 2024 at a compound annual growth rate (CAGR) of 6.4%. The growth in the historic period can be attributed to rising prevalence of digestive disorders, demographic changes, lifestyle factors, limited treatment options, increasing awareness of health issues.
The constipation treatment market size is expected to see strong growth in the next few years. It will grow to $15.09 billion in 2028 at a compound annual growth rate (CAGR) of 6.7%. The growth in the forecast period can be attributed to rising healthcare expenditure, increased focus on preventive healthcare, focus on pediatric constipation, growing demand for personalized healthcare solutions, rise of telemedicine, expansion of e-commerce, focus on functional foods and probiotics. Major trends in the forecast period include technological advancements in healthcare, artificial intelligence and machine learning in healthcare, focus on sustainability and eco-friendly products, collaboration between healthcare providers and technology companies, increased investment in r&d by pharmaceutical companies.
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Market Drivers and Trends:
Growing consumption of fast food is expected to propel the growth of the constipation treatment market going forward. Fast food refers to hot food that a customer cooks or orders from a specific sort of restaurant and is provided shortly. Fast foods are low in fiber and high in fat and salt, so they can lead to constipation. For instance, in August 2023, according to a report published by Budget Branders, a US-based provider of paper and plastic products, the fast food business is projected to have a global market worth 931. 7 billion dollars by 2027. Additionally, there are over 200,000 distinct fast-food outlets in the US. American consumers spend 200 billion dollars on fast food annually. Therefore, the growing consumption of fast food is driving the growth of the constipation treatment market.
Product innovation is a key trend gaining popularity in the constipation treatment market. Companies operating in the constipation treatment market are working on new product innovations to sustain their position in the market. For instance, in April 2022, Ardelyx, a US-based biopharmaceutical company, launched IBSRELA, a first-in-class treatment for irritable bowel syndrome with constipation (IBS-C) in adults. IBSRELA is the first innovative mechanism therapy for irritable bowel syndrome with constipation (IBS-C) to be developed in more than ten years, and it provides a significant new treatment option for constipation, bloating, and stomach pain that are symptoms of this crippling disorder.
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Major Key Players of the Market:
Pfizer Inc., Johnson & Johnson, AbbVie Inc., Bayer AG, Novartis AG, Merck & Co. Inc., Sanofi S.A., AstraZeneca plc, Fresenius Kabi AG, GlaxoSmithKline plc, Takeda Pharmaceutical Company Ltd., Boehringer Ingelheim International GmbH, Regeneron Pharmaceuticals, Bausch Health Companies Inc., Eisai Co. Ltd., Shionogi & Co. Ltd., Mallinckrodt Plc, Salix Pharmaceuticals Inc., Prestige Consumer Healthcare Inc., Taiho Pharmaceutical Co. Ltd., Ironwood Pharmaceuticals Inc., Cosmo Pharmaceuticals NV, Ferring Pharmaceuticals, RedHill Biopharma Ltd., Probi AB, 4D Pharma plc
Constipation Treatment Market 2024 Key Insights:
• The constipation treatment market size is expected to see strong growth in the next few years. It will grow to $15.09 billion in 2028 at a compound annual growth rate (CAGR) of 6.7%.
• Fast Food Boom Fueling Growth In The Constipation Treatment Market
• Driving Growth Through Innovative Therapies In The Constipation Treatment Market
• North America was the largest region in the constipation treatment market in 2023
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