The Global Lactulose Market Growth Accelerated By Increasing Cases Of Constipation
Lactulose Market |
Lactulose is a synthetic disaccharide which is used to treat chronic constipation and hepatic encephalopathy. Lactulose works by drawing water into the intestine through osmosis thereby softening the stool and making it easier to pass. It also increases motility. The growing prevalence of constipation across the globe due to changing dietary habits and sedentary lifestyles has accelerated the demand for lactulose. The global lactulose Market is estimated to be valued at US$ 175.29 Mn in 2023 and is expected to exhibit a CAGR of 3.6% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
Rising awareness campaigns for constipation treatment have boosted the adoption
of lactulose over the past few years. Government and nonprofit organizations
are conducting various educational programs regarding lifestyle changes and
diet habits that could trigger constipation. This has created significant
growth opportunities for lactulose producers. The improved availability of
lactulose products through both online and offline retail channels has further
propelled the market growth. Many leading companies are focusing on new product
approvals and launches to consolidate their market position. For instance,
Abbott received USFDA approval for its lactulose oral solution in 2018, which
was well received by physicians and patients. Such approvals are helping
providers gain an edge in the lactulose market.
Segment Analysis
The global lactulose market is segmented based on form, application, and
end-use industry.
The syrup segment dominates the market, accounting for the largest market
share. Lactulose syrup is widely used as it is easily administrable and
digestive. It helps promote regular bowel movement.
Key Takeaways
The Global
Lactulose Market Demand is expected to witness high growth over the
forecast period. Increased awareness regarding health benefits and growing
prevalence of constipation drive the market growth.
Regional analysis
North America dominates the global lactulose market and is expected to maintain
its dominance during the forecast period. Increased healthcare spending and
rising cases of constipation and hepatic encephalopathy in the US and Canada
contribute to the region's large market share.
Key players
Key players operating in the lactulose market are Abbott, Morinaga Milk
Industry CO., LTD., RELAX EXCELLENCE IN LACTULOSE, FRESENIUS KABI, BIOFAC A/S
and Lactose India Limited. Abbott dominates the market with its wide
distribution network and portfolio of syrup and solutions.
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