The Osmotic Laxative Market is expected to grow on a persistent note in the future. With AI making its mark everywhere, how could the healthcare vertical be left behind? Abnormalities in the medical scans could be easily spotted by radiologists with the help of machine learning. Likewise, the healthcare vertical is poised to develop on a ravishing note with technological advancements on the anvil in the next decade.
Osmotic laxatives are hypertonic agents that holds more water colon and generate an osmotic effect that stimulates a bowel movement and results in softer stools. Osmotic laxatives are considered as the drug of choice for treatment of constipation.
Lactulose, Polyethene glycol (PEG) and milk of magnesia are some commonly used osmotic laxatives. In February 2020, LACTITOL manufactured by Braintree laboratories was approved by USFDA as an osmotic laxative for the treatment of chronic idiopathic constipation (CIC).
The COVID-19 pandemic is unlikely to have a significant impact on the operations of the osmotic laxative industry. Changes in consumer lifestyle during lockdown and diet during quarantines have a positive impact on sales of osmotic laxatives.
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Rising prevalence of constipation in the ageing population is the key factor driving the growth of the osmotic laxative market. Increase in lifestyle changes, lack of exercise and diet-related factors such as eating unhealthy and junk food supplements the osmotic laxative market growth.
The elder population are suffering some problems such as the inability to digest food properly and reduction in muscles elasticity which leads to improper bowel functioning. However, increasing prevalence of bowel diseases in geriatric population leads the osmotic laxative market to grow.
Osmotic laxatives may take 2-3 days to show effect so they are not suitable for the rapid relief of constipation. Moreover, side effects associated with osmotic laxatives and the presence of alternative treatment are anticipated to restrain the osmotic laxative market growth.
The osmotic laxative market can be segmented based on the product type, route of administration, dosage forms, prescription type, distribution channel, and region.
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Lactulose is well-tolerated and is recommended over other osmotic laxatives in geriatric population, due to this lactulose segment holds a major share in the osmotic laxative market. Polyethylene Glycol segment is expected to grow in the next few years owing to its rapid onset of action.
Based on dosage form tablets and liquid segment have the highest share in the osmotic laxative market. Based on the type of prescription, prescribed laxative showed significant growth due to the rising prevalence of constipation associated with chronic disease treatment.
Approximately 63 million people in North America are suffering from chronic constipation and approximately 12% of people suffer from self-diagnosed constipation across the world. People in the North America and the Asian Pacific region suffer twice as much as their European counterparts. Thus osmotic laxative market widely expanding in North America and the Asian Pacific region.
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Few key players are operating in the Osmotic laxative Market are Abbott Laboratories, Bayer AG, Procter & Gamble Company, GlaxoSmithKline Consumer Healthcare, Purdue Pharma, Sucampo Pharmaceuticals Inc., Salix Pharmaceuticals, Inc., Edusa Pharmaceuticals and Ironwood Pharmaceuticals, Inc., Pharmos Corporation, Lexicon Pharmaceuticals, Tioga Pharmaceuticals, Inc., Alimentary Health Limited, Boehringer Ingelheim Pharmaceuticals Inc. and Sucampo Pharmaceuticals, Inc.
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