Lactulose is a synthetic disaccharide used as a medicinal product commonly used in the treatment of constipation. It works by attracting water into the intestines, thereby softening and lubricating stool. This helps ease bowel movement and relieves constipation. Its role in detoxification by lowering ammonia levels in the blood stream makes it useful for hepatic encephalopathy in liver diseases. The global lactulose market is estimated to be valued at US$ 580.7 Bn in 2023 and is expected to exhibit a CAGR of 13% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.
Market Dynamics:
Increasing demand from medical sector: Lactulose sees high demand from medical sector, especially in treatment of constipation and hepatic encephalopathy patients. Rising cases of constipation worldwide and growing liver diseases are translating into increased uptake of lactulose solutions. As per WHO, constipation affects approximately 16% of the global population. Annually around 27 million people suffer from liver cirrhosis worldwide thus augmenting consumption of lactulose.
Increasing geriatric population: Ageing population is another driver boosting lactulose market growth. As per UN report, number of people aged 65 years or above is projected to reach 1.5 billion by 2050 from 727 million in 2020. Older people are more prone to constipation and liver diseases thereby scaling up lactulose usage. Moreover, weak digestive system in elderly also leads to greater requirement for laxatives like lactulose.
SWOT Analysis
Strengths:
- Lactulose is commonly used as a laxative to treat constipation. Its gentleness and effectiveness make it a preferred treatment.
- It is a synthetic disaccharide that is not digestible or absorbable by humans. This makes it safe for long-term use with minimal side effects.
- The large patient base suffering from constipation and other digestive issues creates steady demand for lactulose products.
Weaknesses:
- Lactulose syrup and solutions have an unpleasant taste that some patients find difficult to tolerate. This can reduce compliance.
- There are cheaper alternative laxatives available that can hamper the sales of lactulose products.
Opportunities:
- Rising global health expenditure and growing geriatric population prone to constipation issues boost the market potential.
- New formulations like lactulose tablets and powders are being developed to make the treatment more palatable and convenient.
Threats:
- Strict regulations for new drugs and formulations increase the cost of product development and market entry.
- Alternative gut health supplements and fiber-rich diet modifications can decrease dependency on laxatives long-term.
Key Takeaways
The Global lactulose market size is expected to witness high growth over the forecast period.
Regional analysis: North America currently dominates due to advanced healthcare facilities and rising lifestyle diseases. Europe also captures a major share attributed to growing health awareness. Asia Pacific is likely to emerge as the fastest growing region with nations like India and China dominating the regional market.
Key players operating in the lactulose market are DuPont, Abbott , Morinaga Milk Industry Co., Ltd., RELAX EXCELLENCE NUTRITION PVT. LTD., Dandong Kangfu Pharmaceuticals Co., Ltd., MCORPharma, Fresenius Kabi.
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