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Medical Probiotics Market is Estimated to Witness High Growth Owing to Opportunity to Improve Gastrointestinal Health

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Mia Yates
Medical Probiotics Market is Estimated to Witness High Growth Owing to Opportunity to Improve Gastrointestinal Health

Medical probiotics refer to live microorganisms that provide health benefits when consumed. Probiotics help maintain intestinal microbial balance and enhance digestion. They aid in treatment of various gastrointestinal disorders such as Irritable Bowel Syndrome, inflammatory bowel disease, and constipation. Growing prevalence of lifestyle diseases and gastrointestinal issues due to changing dietary patterns has increased demand for medical probiotics supplements globally. 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 Opportunity:

The opportunity to improve gastrointestinal health is expected to drive the growth of the medical probiotics market. According to the report by the World Gastroenterology Organization, gastrointestinal disorders affect 60–70 million people in the US and 8–18% of the adult population worldwide each year. Probiotic supplements help balance the gut microbiota and promote a healthy intestinal environment, thereby aiding in treatment of gastrointestinal issues. They reduce risk of colon cancer, alleviate irritable bowel syndrome symptoms, and relieve constipation. Rising health concerns regarding gastrointestinal health will increase demand for medical probiotics for their multiple gut health benefits over the forecast period.

Porter’s Analysis

Threat of new entrants: The medical probiotics market requires substantial R&D investments and manufacturing capabilities to produce high quality products. This makes it difficult for new companies to enter the market.

Bargaining power of buyers: Individual consumers have low bargaining power as medical probiotics are generally prescribed by doctors for specific medical conditions. However, large healthcare institutions and bulk buyers can negotiate prices.

Bargaining power of suppliers: The market has numerous raw material suppliers and is not dependent on a few major suppliers. This reduces supplier bargaining power.

Threat of new substitutes: No viable alternatives currently exist for the health benefits provided by probiotic supplements in certain medical conditions. The threat from substitutes is low.

Competitive rivalry: The market has numerous global and regional players. Intense competition on factors like product development, pricing and brand positioning is increasing rivalry among existing firms.

SWOT Analysis

Strengths: Probiotics help maintain intestinal microbial balance and support immune function. Clinical trials have demonstrated their efficacy in various gut disorders.

Weaknesses: Standardization of strains and formulation across products. High R&D costs involved in developing new probiotic formulations for specific medical uses.

Opportunities: Growing geriatric population worldwide prone to gut dysbiosis. Increasing adoption of probiotic supplements to complement antibiotic and IBD therapies. Scope for more clinical research on new disease applications.

Threats: Stringent regulatory approval process for new strain/product approvals. Competition from substitute gut health products and microbiome-based therapies in the pipeline.

Key Takeaways

The global medical probiotics market is expected to witness high growth at a CAGR of 19% between 2024 to 2030 driven by factors like rising gut health awareness, growing elderly population and prevalence of chronic digestive diseases.

Regional analysis: North America currently dominates the medical probiotics market led by the US. High healthcare spending, technological advancements and favorable regulatory policies support market growth. Asia Pacific is expected to be the fastest growing region during the forecast period led by countries like China, India and Japan. Rising living standards, large patient pools and growing health supplements industry are fueling medical probiotics demand in Asia.

Key players: Key players operating in the medical probiotics market 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. Major manufacturers are focusing on portfolio expansion through new product launches, acquisitions and partnerships to strengthen their market presence.

Get More Insights on This Topic: https://www.pressreleasebulletin.com/medical-probiotics-market-demand-growth-and-regional-outlook-by-2030/

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Ankit Nigam 2020-10-12
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Non-Small Cell Lung Cancer Market is Expected to Increase With a CAGR of 10.7% for the Study Period of 2017-2030: DelveInsight (Albany, US) DelveInsight has introduced a new Market Insights, Epidemiology, and Market Forecast Report on "Non-Small Cell Lung Cancer Market Insights, Epidemiology, and Market Forecast-2030" to its portfolio.Key Highlights from report are:As per the DelveInsight analysis, the total incident cases of NSCLC in the 7MM were observed to be 484,726 cases in the year 2017.

These cases are expected to grow with a significant CAGR in the study period 2017–2030.There are different types of treatment available for NSCLC; however, mainly 10 types of standard treatment are used, which include Surgery, Radiation therapy, Chemotherapy, Targeted therapy, Immunotherapy, Laser therapy, Photodynamic therapy (PDT), Cryosurgery, Electrocautery, and Watchful waiting.The market size of NSCLC in the 7MM is expected to increase during study period.

According to the estimates, the highest contribution in the market size of NSCLC is from the United States followed by Japan, Germany, and the UK.One of the most exciting developments in lung cancer medicine is the introduction of targeted treatments.Request for free sample pages to know more on Non-Small Cell Lung Cancer Market Forecast NSCLC is the most common type of lung cancer accounted for approximately 85% of all lung cancers.

The disease epidemiology included in the report provides historical as well as forecasted Non-Small Cell Lung Cancer epidemiology, which is segmented as Total Incident cases of NSCLC patients, Total Incident cases of NSCLC patients by Histology, Total Diagnosed cases of NSCLC patients by Stages, Total NSCLC cases of patients by Genetic mutation/Biomarkers, and Total Treated Cases of NSCLC patients by Line of Therapies scenario of NSCLC in the 7MM.The total NSCLC incident cases in the 7MM were observed to be 484,726 cases in 2017.Click here to know more on Non-Small Cell Lung Cancer pipelineNSCLC report encloses the detailed analysis of Non-Small Cell Lung Cancer marketed drugs and late stage (Phase-III and Phase-II) pipeline drugs.

The therapies that are approved for the NSCLC treatment are Rozlytrek (Entrectinib), Imfinzi (Durvalumab), Opdivo (Nivolumab), Tecentriq (Atezolizumab), Keytruda (Pembrolizumab), Tafinlar (Dabrafenib) in combination with Mekinist (Trametinib), Tagrisso (osimertinib), Lorbrena/Lorviqua (Lorlatinib), Vizimpro (Dacomitinib), Alunbrig (Brigatinib), Alecensa (Alectinib), Vitrakvi (Larotrectinib), Portrazza (Necitumumab) along with many more.Drugs covered in the report are:-There are several key players robustly involved in developing potential products such asNazartinib (EGF816)Capmatinib (INC280)Tepmetko (tepotinib)MerestinibJNJ-61186372 (JNJ-6372)Vemurafenib Plus CobimetinibX-396 (Ensartinib)Tedopi (OSE2101)Selpercatinib (LY3527723/ LOXO-292)SAR408701Braftovi (encorafinib) + Mektovi (binimetinib)PADCEV (enfortumab vedotin/ASG-22ME)Pralsetinib (BLU-667)TAK-788: Canakinumab (ACZ885)Avelumab (Bavencio)Veliparib (ABT-888): Sitravatinib (MGCD516)TesevatinibRomiplostim: CabozantinibSym015AMG 510INCMGA00012 (MGA012)Libtayo (Cemiplimab)BavituximabM7824 (Bintrafusp alfa)And many others Key Players covered in the report are:-Novartis PharmaceuticalsMerck KGaAEli Lilly and CompanyJanssen Research & DevelopmentHoffmann-La RocheXcoveryBeyondSpring PharmaceuticalsOSE ImmunotherapeuticsSanofiPfizerAstellas PharmaSeattle GeneticsBlueprint Medicines CorporationTakedaAbbVieKadmon CorporationAmgenSymphogenRegeneron PharmaceuticalsPeregrine PharmaceuticalsAvid BioservicesGlaxoSmithKlineAnd many othersThe report includes provides in depth analysis historical and forecasted Market Share (%) Distribution of NSCLC, Market Share (%) Distribution of NSCLC by Mutations/Biomarkers, Total Market Size of PD-L1 NSCLC, Total Market Size of BRAF NSCLC, Total Market Size of c-Met, Total Market Size of EGFR, Total Market Size of ALK as well.The reasons for buying this report:The report proffers an overview of pathophysiology, various diagnostic approaches and NSCLC treatment algorithm, including detailed chapters for marketed products and emerging therapies.Historical and forecasted Non-Small Cell Lung Cancer epidemiology in 7MM covering the United States, EU5 (Germany, France, Italy, Spain, and the United Kingdom), and Japan from 2017-2030.Detailed historical and forecasted NSCLC market covering the United States, EU5 and Japan from 2017-2030.

Pipeline analysis across different stages of development (Phase III and Phase II), different emerging trends and comparative analysis of pipeline products with comprehensive clinical profiles, key cross-competition, launch date along with product development activities.

The Global Medical Elastomers Market Growth Accelerated By Increasing Adoption In Medical Devices
Sumedha 2024-01-16
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The global Medical Elastomers Market is estimated to be valued at US$ 8223. According to estimates, the global medical device industry was valued at nearly US$ 425 Bn in 2019 and is projected to witness a CAGR of 4. This has boosted production of devices like catheters, medical tubing, and components which employ large amounts of medical elastomers. SWOT Analysis Strength: Medical elastomers have high compatibility with tissues and fluids in the human body, making them suitable for medical applications requiring flexibility and durability. Opportunity: Rising healthcare expenditure and increasing global disease burden are fueling the demand for various medical devices that use elastomers. The global Medical Elastomers Market is estimated to be valued at US$ 8223.