The U.S. hospital & nursing homes probiotics market size is expected to reach USD 203.7 million in 2025,
according to a study conducted by Grand View Research, Inc., and is projected
to expand at a healthy CAGR of 9.3% over the forecast period. Growth in use of
probiotics in healthcare institutions has created various new applications for
the product, which is contributing toward development of this market.
Rising demand for natural and healthy
products is encouraging manufacturers to include probiotics in their products,
which is projected to propel demand in the coming years. Manufacturers are also
currently involved in overall market development by creating awareness about
the advantages of probiotics. For this purpose, they prefer a collaborative
approach by entering into long-term partnerships with probiotic strain
suppliers.
In U.S., the ratio of community hospital
capacity per 1,000 residents was 2.5 beds per individual in 2014, while the
average duration of stay was 5.5 days per hospital stay. Hospital care has
witnessed substantial changes over the past four decades. This transformation
can be attributed to several factors such as reform in payment systems,
modification in practice patterns, shift in consumer preferences, and
technological advancements in medical care.
In U.S., rural residents are facing more
health problems than urban citizens. Some of the major factors behind poorer
healthcare conditions in rural areas in the country are social and cultural
differences, economic factors, and educational shortcomings. However, the rural
segment is projected to witness the fastest growth rate over coming years owing
to presence of various untapped markets, which is attracting healthcare
institutions to open or expand their operational and distribution facilities.
Access Research Report of U.S. Hospital & Nursing Home
Probiotics Market @ https://www.grandviewresearch.com/industry-analysis/us-hospital-nursing-home-probiotics-market
Key findings from the report suggest:
· The U.S. hospital & nursing home
probiotic market is projected to reach USD 203.7 million by 2025 at an
estimated CAGR of 9.3% from 2017 to 2025
· In 2015, private health insurance emerged
as the largest contributor to the overall national health expenditure in U.S.
· The share of the rural population reporting
fair to poor physical health is nearly one and a half times the percentage of
urban residents
· Lucrative opportunities in U.S. are bound
to attract new entrants. However, massive investments required for carrying out
R&D operations is a cause for concern for new entrants
· Some of the key companies present in the
market are Bio-K Plus International Inc.; Probi AB; Procter & Gamble;
NutraScience Labs; and Probium LLC.
Grand View Research has segmented the U.S.
hospital & nursing home probiotics market on the basis of channel and
function:
U.S. Hospital & Nursing Home Probiotics
Channel Outlook (Revenue, USD Million, 2014 - 2025)
·
Hospital
·
Nursing home
U.S. Hospital & Nursing Home Probiotics Function
Outlook (Revenue, USD Million, 2014 - 2025)
·
Gut health
·
Immunity
·
Wellness
·
Others
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
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