Tuesday, April 19, 2016
Global Laxatives Market At A CAGR Above 12% during 2016 - 2022 by Credence Research
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Polyethylene Glycol Drugs to Become the Biggest Cash
Generators in the Global Laxatives Market At A CAGR Above 12% during 2016 -
2022
The latest
market report published by Credence Research, Inc. “Global Laxatives Market -
Growth, Share, Opportunities, Competitive Analysis, and Forecast, 2016-2022,”
the laxatives market was valued at USD 4,739.42 Mn in 2015, and is expected to
reach USD 6,948.07 Mn by 2022, expanding at a CAGR of 5.6% from 2016 to 2022.
Browse the
full report Global Laxatives Market - Growth, Share, Opportunities, Competitive
Analysis, and Forecast, 2016–2022 report at http://www.credenceresearch.com/report/laxatives-market
Market Insights
Constipation
is among the most common gastrointestinal malfunctions observed across all age
groups. The prevalence of constipation in the general population is between
0.7% to 79% (with a median at 16%) (Epidemiology of constipation in children
and adults: a systematic review, 2010), across all age groups. Constipation
prevalence is high among the geriatric population and higher in females. The
median province of constipation among children is 12%. With the growing burden
of the condition there is a constant struggle among care givers and drug
manufacturers to come up with more evolved treatment options.
The burden of
constipation management in terms of time and cost is further higher in
geriatric patients under palliative care. This patient group is more inclined
towards prescription drug administration for treating constipation and thus
forms a large consumer base for laxatives. Polyethylene Glycol is observed to
be the largest segment in the global laxatives market and is expected to reach
worth USD 1,271.98 by 2022. Moreover, it is also the fastest growing segment in
the laxatives market.
For More
Reports Related to This Category @ http://www.credenceresearch.com/industry/pharmaceuticals-market
Polyethylene
glycol is an osmotic laxative and is used for short-term treatment of
constipation and is used intermittently in cases of chronic constipation.
Polyethylene glycol laxatives are also used intestinal purges for use
colonoscopy preparation. Versatility of polyethylene glycol laxatives is
observed to be a significant contributor to its rising demand in the laxatives
market. Moreover, polyethylene glycol is also among the highest selling
laxatives in the developed markets. MiraLAX by Schering-Plough (through
licensing agreement with Braintree Laboratories) is the biggest brand name for
polyethylene glycol laxatives and is claimed to be the most successful Rx to
OTC switch in the laxatives category.
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