SEATTLE--(BUSINESS WIRE)--According to Coherent Market Insights, the global saline laxatives market is estimated to be valued at valued at US$ 396.3 million in 2019, and is expected to exhibit a CAGR of 5.0% during the forecast period (2019-2027).
Key Trends and Analysis of the Global Saline Laxatives Market:
Increasing initiatives and adoption of inorganic growth strategies by key player is expected to drive growth of the market. For instance, in 2016, Gryphon Investors, a U.S.-based private equity firm, sold its portfolio company, C.B. Fleet Company, Inc. to Prestige Brands (which offers saline oral and enema laxatives for adults as well as pediatrics), for around US$ 825 million.
Moreover, there are limited number of products available in saline laxatives category, with innovative features as well as high patient palatability. For instance, PEDIA-LAX chewable tablets offered by C.B. Fleet Company, Inc. are available in watermelon flavor that is easy for children to administer. Pedia-Lax Enema offered by C.B. Fleet Company, Inc. is latex free, and has a soft, flexible comfortip. Moreover, these products are available over-the-counter (OTC) as well, so manufacturers can take advantage of less stringent regulations and can offer innovative products in the market to gain a significant share in the market.
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Furthermore, increasing prevalence of constipation in children is expected to increase the hospital visits for its treatment, thereby driving growth of the hospital pharmacies segment in the saline laxatives market. For instance, according to the National Center for Biotechnology Information 2017, the prevalence rate of constipation in children accounted for 4%-46% in the U.K. Moreover according to NCBI, in hospital settings, around 3% patients visit general pediatricians, and 25% of these pediatric patients visit pediatric gastroenterologists for the treatment of constipation, which is expected to propel market growth over the forecast period.
Among the region, Asia Pacific saline laxatives market is expected to witness significant growth during forecast period, owing to increasing prevalence of chronic constipation in the region and is a major factor that is expected to drive the market growth over the forecast period. For instance, according to the Abbott Gut-Health Survey, around 14% of the urban population in India suffered from chronic constipation in 2015.
Key Market Takeaways:
- The global saline laxatives market is expected to exhibit a CAGR of 5.0% during the forecast period (2019-2027), owing to initiatives taken by key players to launch saline laxative in the market. For instance, in August 2017, Pendopharm, the division of Pharmascience Inc., launched a new Lax-A product line for the relief of occasional constipation
- Among route of administration, oral segment is expected to witness significant growth, owing to increasing focus of manufacturers to offer oral saline laxatives, which is expected to drive growth of oral segment in the saline laxatives market over the forecast period. For instance, Pendopharm offers LAX-A DAY, polyethylene Glycol 3350 Powder (salt) for oral solution. The product was launched in August 2017.
- Major players operating in the global saline laxatives market include Bayer AG, Beutlich Pharmaceuticals LLC., Prestige Consumer Healthcare Inc, Cardinal Health, Inc., Major Pharmaceuticals, Dynarex Corporation, Pharmascience Inc, and Salix Pharmaceuticals.
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Global Saline Laxatives Market, By Age Group:
Global Saline Laxatives Market, By Route Of Administration:
Global Saline Laxatives Market, By Distribution Channel:
- Hospital Pharmacies
- Retail Pharmacies
- Online Pharmacies
Global saline laxatives market, by region:
- Rest of Europe
- South Korea
- Rest of Asia Pacific
- Rest of Latin America
- Rest of Middle East
- South Africa
- Central Africa
- North Africa
- North America
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