The Global Laxatives Market is expected to grow significantly in the coming years due to several factors. The rising prevalence of gastrointestinal disorders such as constipation, IBS, and Crohn's disease is driving the demand for laxatives. Additionally, the increasing geriatric population and the growing trend towards self-medication are also contributing to the growth of the market. The market is highly competitive, with several key players operating globally. Companies are focused on developing innovative products and expanding their product portfolios to remain competitive. However, the market is also facing challenges, including the side effects associated with long-term laxative use and the availability of alternative treatments such as fiber supplements and lifestyle modifications. To overcome these challenges, companies are focused on developing new formulations with fewer side effects and promoting education about the proper use of laxatives.
Prominent Companies in the Laxatives Industry:
1. AstraZeneca plc
AstraZeneca plc is a British-Swedish multinational pharmaceutical company founded in 1999 through the merger of Astra AB of Sweden and Zeneca Group plc of the UK. Its headquarters are in Cambridge, UK, and it operates in over 100 countries worldwide. AstraZeneca focuses on the discovery, development, and commercialization of prescription drugs, including treatments for cancer, cardiovascular, respiratory, and autoimmune diseases. In December, 2022 AstraZeneca’s Calquence (acalabrutinib), a selective Bruton’s tyrosine kinase (BTK) inhibitor, has been approved in Japan for the treatment of adult patients with treatment-naïve chronic lymphocytic leukaemia (CLL)
2. Boehringer Ingelheim GmbH
Boehringer Ingelheim GmbH is a German pharmaceutical company founded in 1885. Its headquarters are in Ingelheim am Rhein, Germany, and it operates in over 150 countries worldwide. Boehringer Ingelheim focuses on the development of prescription medicines for respiratory, cardiovascular, metabolic, and immunological diseases, as well as animal health products. In June, 2022 Boehringer Ingelheim launches Fencovis®, a new vaccine to prevent calf diarrhea.
3. Bayer AG
Bayer AG is a German multinational pharmaceutical and life sciences company founded in 1863. Its headquarters are in Leverkusen, Germany, and it operates in over 90 countries worldwide. Bayer's core businesses include pharmaceuticals, consumer health, and crop science.
4. GlaxoSmithKline plc
GlaxoSmithKline plc is a British multinational pharmaceutical company founded in 2000 through the merger of Glaxo Wellcome and SmithKline Beecham. Its headquarters are in Brentford, UK, and it operates in over 150 countries worldwide. GlaxoSmithKline focuses on the development of prescription medicines, vaccines, and consumer health products. In March, 2023 GSK plc and SCYNEXIS, Inc. announced they have entered into an exclusive licence agreement for Brexafemme (ibrexafungerp tablets), a US FDA approved, first-in-class antifungal for the treatment of vulvovaginal candidiasis (VVC) and for reduction in the incidence of recurrent VVC (RVVC).
5. Abbott Laboratories
Abbott Laboratories is an American multinational medical devices and health care company founded in 1888. Its headquarters are in Abbott Park, Illinois, USA, and it operates in over 160 countries worldwide. Abbott's businesses include medical devices, diagnostics, nutrition, and branded generic pharmaceuticals.
6. Takeda Pharmaceutical Company Ltd
Takeda Pharmaceutical Company Ltd is a Japanese multinational pharmaceutical company founded in 1781. Its headquarters are in Tokyo, Japan, and it operates in over 80 countries worldwide. Takeda focuses on the development of prescription medicines for oncology, gastroenterology, neuroscience, and rare diseases.
7. Teva Pharmaceutical Industries Ltd.
Teva Pharmaceutical Industries Ltd. is an Israeli multinational pharmaceutical company founded in 1901. Its headquarters are in Petah Tikva, Israel, and it operates in over 60 countries worldwide. Teva focuses on the development of generic and specialty pharmaceuticals. In March, 2023 Teva Pharmaceutical Industries Ltd. announced that a respiratory patient monitoring program using data from Teva’s Digihaler System has been implemented within California’s Desert Oasis Healthcare (DOHC) system.
8. Mylan N.V.
Mylan N.V. is an American pharmaceutical company founded in 1961. Its headquarters are in Canonsburg, Pennsylvania, USA, and it operates in over 165 countries worldwide. Mylan focuses on the development of generic and biosimilar pharmaceuticals.
9. Purdue Pharma L.P.
Purdue Pharma L.P. is an American pharmaceutical company founded in 1892. Its headquarters are in Stamford, Connecticut, USA, and it operates in the US and Canada. Purdue Pharma's products include prescription opioids for pain management.
*Definition- Laxatives are substances that help promote bowel movements and relieve constipation by increasing the frequency and ease of passing stool. They come in different forms, including pills, powders, and suppositories.
