June 22, 2024
Medical Probiotics Market

Medical Probiotics Market is Driven by Increasing Digestive Health Issues

The medical probiotics market has witnessed significant growth in recent years owing to the growing awareness about health benefits of probiotic products. Probiotics help maintain a natural balance of microorganisms in the intestinal tract. They facilitate proper digestion, boost immunity and reduce risk of health issues like irritable bowel syndrome, antibiotic-associated diarrhea and other GI infections. With rising stress levels and unhealthy dietary patterns, digestive health issues have become rampant. Probiotic supplements provide beneficial bacteria to support intestinal health and combat issues like bloating, constipation, cramping etc. The growing elderly population is also driving sales as older adults are more prone to gastrointestinal disturbances. Various forms of probiotic products like capsules, tablets, gummies and powder are available to suit different consumer needs and taste preferences.

The Global Medical Probiotics Market Size is estimated to be valued at US$ 4.43 Bn in 2024 and is expected to exhibit a CAGR of 19% over the forecast period 2024 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Key Trends:

One of the major trends in the medical probiotics market is the launch of innovative probiotic strains with enhanced functional profile. Researchers are focused on developing unique bacterial strains that can better adhere to intestinal lining and withstand stomach acid. Novel strains are being infused in products to deliver targeted health outcomes like improved gut motility, enhanced immunity or cholesterol lowering ability. Startups are also exploring combinations of probiotic strains along with prebiotics for synergistic benefits. With consumers actively looking for science-backed solutions, customized research-driven products will dominate the future market

Porter’s Analysis

Threat of new entrants: New companies are finding difficult conditions to enter this market as it requires huge R&D investments and established distribution networks.

Bargaining power of buyers: Buyers have moderate bargaining power as there are many established players in this market providing similar products.

Bargaining power of suppliers: Suppliers have moderate bargaining power as key raw materials are available and switching to new suppliers is not difficult.

Threat of new substitutes: Substitutes have low threat as probiotics have proven benefits over other alternatives.

Competitive rivalry: Intense as key players compete on product quality, innovation and efficacy.

Key Takeaways

The global Medical Probiotics market is expected to witness high growth.

Regional analysis The North America region currently dominates the market and is expected to continue its dominance over the forecast period. This is attributed to rising awareness about gut health and growth in sales of probiotic supplements.

Key players operating in the Medical Probiotics are Alteryx, Inc., Bentley Systems Incorporated, ESRI, Furgo NV, General Electric, Hexagon AB, Google, Inc., MDA Corporation, Oracle Corporation, SAP SE, Trimble, Inc., and TOMTOM International, Inc. Alteryx, Inc. specializes in data blending, integration, and advanced analytics solutions.

1.Source: Coherent Market Insights, Public sources, Desk research
2.We have leveraged AI tools to mine information and compile it