Market Synopsis of the Global Homeopathic Medicine Market
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.
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.
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The market shows growth potential in India, Mexico and the Middle East nations.
Key Players
- Hahnemann Laboratories Inc. (U.S.)
- Nelson & Co. Ltd. (U.K)
- HomeoLab USA (Canada)
- SBL (India)
- Natural Health Supply (U.S.)
- Boiron USA (U.S)
- Hyland’s Homeopathic (U.S.)
Segments
The global homeopathic medicine market is segmented on the basis of type, indication, and end users.
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.
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.
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
4. Market Dynamics
4.1 Drivers
4.2 Restrains
4.3 Opportunities
4.4 Challenges
4.5 Macroeconomic Indicators
4.6 Technology Trends & Assessment
5. Market Factor Analysis
5.1 Porters Five Forces Analysis
5.1.1 Bargaining Power Of Suppliers
5.1.2 Bargaining Power Of Buyers
5.1.3 Threat Of New Entrants
5.1.4 Threat Of Substitutes
5.1.5 Intensity Of Rivalry
5.2 Value Chain Analysis
5.3 Investment Feasibility Analysis
5.4 Pricing Analysis
…Continued
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