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Hospital and Nursing Home Probiotics Market is Anticipated to Increase at a Stable CAGR over the Forecast Period (2023 to 2029)

09-21-2023 11:17 AM CET | Health & Medicine

Press release from: Orion Market Research

Hospital and Nursing Home Probiotics Market is Anticipated

The Hospital and Nursing Home Probiotics Market is anticipated to grow at a significant CAGR during the forecast period. Probiotics are live microorganisms that have health benefits when consumed or applied to the body and can be found in yoghurt and other fermented foods, dietary supplements, and beauty products. The major factor for the growth of the market during the forecast period is the growing demand for probiotics in hospitals.

Additionally, the market is also growing due to the increasing healthcare expenditure coupled with increasing disposable incomes during the forecast period. According to the Centers for Medicare & Medicaid Services (CMS), in 2020, the US health care spending grew 9.7%, reaching $4.1 trillion and a total of $12,530 per person. Additionally, healthcare spending accounted for 19.7% of the nation's Gross Domestic Product. Furthermore, according to World Health Organization (WHO), the global healthcare expenditure was nearly 9.8% of the world's GDP in 2018. Hence, the rising healthcare expenditure is resulting an increasing demand for healthy supplements, which in turn, is driving the market growth. 

Some major players in the market includeBio - K Plus International, American Lifeline, Rising Pharmaceuticals, Becton Dickinson and Co., among others. The market players are contributing significantly to the growth of the market by the adoption of various strategies including mergers & acquisitions, geographical expansion, partnerships and collaborations, and new product launches, to stay competitive in the market. For instance, in September 2021, Bioflag Biotech's probiotic's  Lactobacillus rhamnosus MP108 was launched in an infant product in China after the strain was previously approved for use in infants or children's foods in April 2021.

To Request a Sample of our Report on Hospital and Nursing Home Probiotics Market:  https://www.omrglobal.com/request-sample/hospital-and-nursing-home-probiotics-market

Market Coverage

The market number available for - 2022-2030
Base year- 2022
Forecast period- 2023-2030

Segment Covered- 

By Product
By Application

Regions Covered-

North America
Europe
Asia-Pacific
Rest of the World

Competitive Landscape- BioGaia AB, Danone S.A., and Bio - K Plus International,among others.

Hospital and Nursing Home Probiotics Market Report by Segment

By Product 

Lactobacillus
Bifidobacterium
Gram-positive Cocci 

By Application 

Gut Health
Immunity
Wellness

A full Report of Hospital and Nursing Home Probiotics Market is Available @  https://www.omrglobal.com/industry-reports/hospital-and-nursing-home-probiotics-market

 Hospital and Nursing Home Probiotics Market Report by Region

North America

United States
Canada

Europe

UK
Germany
Spain
France
Italy
Rest of Europe

Asia-Pacific

India
China
Japan
South Korea
Rest of APAC

Rest of the World

Latin America 
Middle East & Africa

Reasons to buy from us -

We cover more than 15 major industries, further segmented into more than 90 sectors.
More than 120 countries are for analysis.
Over 100+ paid data sources mined for investigation.
Our expert research analysts answer all your questions before and after purchasing your report.

For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/hospital-and-nursing-home-probiotics-market

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Media Contact:

Company Name: Orion Market Research

Contact Person: Mr. Anurag Tiwari

Email: info@omrglobal.com

Contact no:  +91 7803040404

About Orion Market Research 
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.

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