The global colon cleanse market is anticipated to grow at a significant CAGR during the forecast period (2024-2031). Colon cleanse as the name suggests are the categories of drugs that aim at the cleansing of colon, recommended specifically for the patients undergoing colonoscopy. The market growth is attributable to the growing prevalence of colorectal cancer which primarily needs a colon cleanse drugs. For instance, according to the World Cancer Research Fund and American Institute of Cancer Research report 2018, Hungary accounts for the highest rate of colorectal cancer of 51.2 per 100,000 population in 2018. Adding to this, the growing diagnosis of colon and rectum disorders through colonoscopy is also anticipated to spur the global colon cleanse market.
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The market is likely to grow due to the increasing activities related to the R&D undergoing for the advancement of innovative bowel preparation drugs. For instance, in December 2019, ColonaryConcepts LLC, a biotechnological company engaged in the development of colon preparation products, announced the Phase III clinical trial of its Edible Colonoscopy (EC) preparation used for bowel cleansing. Further, the market growth is also attributed to the growing adoption of agile marketing strategies by the market players. For instance, in January 2019, Norgine B.V. and Korea Pharma Co., Ltd., a premier pharmaceutical manufacturer in Korea, entered into an exclusive license and distribution agreement in the Republic of Korea, by which Korea Pharma will commercialize and distribute Norgine’s product, PLENVU, in Korea.
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Market Coverage
- Segment Covered-
o By Type
- Regions covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
- Competitive Landscape: Nature’s Bounty LLC, and Nutravita, among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
- Who is the leader in the market?
- How are players addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Colon Cleanse Market Report by Segment
By Type
- Tablets
- Capsules
- Liquids and Sprays
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