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| Laxatives Market |
Laxatives are medicines that are used to relieve constipation by loosening stool and increasing bowel movements. They work by softening the stool, drawing fluid into the intestines, or stimulating muscle contractions in the intestines. Some common laxatives are stool softeners, bulk forming laxatives, stimulant laxatives and osmotic laxatives. They provide effective relief from occasional constipation and help maintain regular bowel movements. The global Laxatives Market is estimated to be valued at US$ 3.5 billion in 2023 and is expected to exhibit a CAGR of 10% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
The increased demand for constipation relief is one of the key trends that is
expected to drive the growth of the Laxatives Market over the forecast period.
Constipation is a common condition that affects people of all ages. However, it
is more prevalent in elderly population. Sedentary lifestyles, lack of physical
activity, poor dietary habits are some of the factors contributing to increased
incidence of constipation. Moreover, consumption of certain medications like
antidepressants, calcium supplements and antacids are also known to cause
constipation. Laxatives provide effective short term relief from constipation
symptoms without any serious side effects. Growing awareness about different
types of effective over-the-counter laxatives and their easy availability is
expected to increase their demand, resulting in the market growth.
Market
Analysis
The global laxatives market can be segmented into bulk forming laxatives,
stimulant laxatives, and osmotic laxatives. The dominant sub-segment is bulk
forming laxatives which accounts for over 35% of the market share owing to its
gentle action on the intestines and minimal side effects. Bulk forming
laxatives add bulk to stool and make it softer by absorbing water which leads
to easier emptying of bowels.
Key Takeaways
The global Laxatives
Market Growth is expected to witness high growth in the forecast period
ranging from 2024-2031.
Regional
analysis shows that North America currently dominates the market due to rising
prevalence of constipation among geriatric population. The dominance of North
America is followed by Europe and Asia Pacific.
Key players operating in the laxatives market are Boehringer Ingelheim, Bayer
AG, GlaxoSmithKline, Procter & Gamble, and Purdue Pharma.
For more insights, read- https://www.pressreleasebulletin.com/laxatives-market-trends-size-and-share-analysis/
For more details on the report, Read- https://dailynewsmotion.weebly.com/report-blog/luxury-travel-market-is-estimated-to-witness-high-growth-owing-to-increased-adventurism
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