The Worldwide Homeopathic Medicine Market is expected to grow at a CAGR of 12.5% during the forecast period. The global homeopathic medicine market is expected to show sharp growth over the forecast period. Rising prevalence of chronic disease and increasing demand for medicines from natural sources and overall increase in the awareness about medicines and treatment options in homeopathy drive the market growth. Furthermore, homeopathy is gaining attention in many of the emerging market throughout the globe. Lack of awareness about homeopathy in developing countries may act as a barrier for the market growth.
The market for homeopathy medicine is expected to expand due to an increase in the awareness regarding homeopathic medicine and rising prevalence of lifestyle-associated diseases such as obesity, diabetes and reproductive health. Restrains for the growth of this market are lack of awareness of homeopathic medicine in developing countries and strict regulatory requirements governing the use of homeopathy in developing countries such as Germany, and UK.
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The market shows growth potential in India, Mexico and the Middle East nations.
Key Players
- Hahnemann Laboratories Inc. (U.S.)
- Natural Health Supply (U.S.)
- Boiron USA (U.S)
- HomeoLab USA (Canada)
- SBL (India)
- Hyland’s Homeopathic (U.S.)
- Nelson & Co. Ltd. (U.K).
Segments
The global homeopathic medicine market is segmented on the basis of type, indication, and end users.
On the basis of drugs, market is segmented into plants based, animal based and mineral based. Plant based is further segmented into Arnica montana, Bryonia alba, Cinchona officinalis, Pulsatilla nigricans, Rhus tox, Symphytum. Animal based is further segmented intoLatrodectus mactans, Tarentula Hispania, Tarentula cubensis, Naja tripudians, Vipera, Sepia, and Cantharis. Mineral based is further segmented into Calcarea carbonica, Phosphorus, Calcarea phosphorica, Natrum muriaticuma and others. Other segments are Nosodes, Sarcodes and Imponderabilia.
On the basis of application, the market is segmented into skin & hair, reproductive health, lifestyle disorders, bones, joints, and muscles diseases, brain and nerves disorders, respiratory diseases, childhood diseases, hormonal disorders and others.
On the basis of end user, the market is divided into hospitals, homeopathic clinics, and others.
Regional Analysis
America is the largest market for homeopathic medicine owing to rising awareness about homeopathic treatment and increasing use of homeopathic medicine. Furthermore, homeopathy has a substantial presence in the U.S. healthcare system.
Europe is the second largest market owing rise in the number of homeopathy practitioners, use of homeopathy medicine by people for day to day healthcare. According to the Commission of European Communities, 100 million European Union (EU) citizens (29% of the EU’s population) uses homeopathy medicine. UK is the largest market for homeopathic medicine in Europe.
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Detailed Table of Contents:
1. Report Prologue
2. Market Introduction
2.1 Definition
2.2 Scope Of The Study
2.2.1 Research Objective
2.2.2 Assumptions
2.2.3 Limitations
3. Research Methodology
3.1 Introduction
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
List Of Tables
Table 1 Homeopathic Medicine Industry Synopsis, 2017-2023
Table 2 Global Homeopathic Medicine Market Estimates And Forecast, 2017-2023, (Usd Million)
Table 3 Global Homeopathic Medicine Market By Region, 2017-2023, (Usd Million)
Table 4 Global Homeopathic Medicine Market By Types, 2017-2023, (Usd Million)
Table 5 Global Homeopathic Medicine Market By Application, 2017-2023, (Usd Million)
Table 7 Global Homeopathic Medicine Market By End Users, 2017-2023, (Usd Million)
List Of Figures
Figure 1 Research Process
Figure 2 Segmentation For Global Homeopathic Medicine Market
Figure 3 Segmentation Market Dynamics For Homeopathic Medicine Market
Figure 4 Global Homeopathic Medicine Market Share, By Type, 2016
Figure 5 Global Homeopathic Medicine Market Share, By Application, 2016
Figure 6 Global Homeopathic Medicine Market Share, By End Users, 2016
…Continued
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