Universal Homeopathy Market 2019 Research Report implements a comprehensive study on Market Research Future. The report aims to provide an overview of Global Homeopathy Market with Top Merchants and worldwide Segmentation.
Homeopathy Market – Overview
The Global Homeopathy Market is expected to grow at a CAGR of 14.60% during the forecast period 2017-2023. Homeopathy is a field of alternative medicine, introduced by Samuel Hahnemann in 1976. Today, homeopathy is one of the most popular form of alternative medicine. The treatment by homeopathy has been found highly effective for chronic diseases and its benefits in skin and hair problems have been widely researched and validated. Growing need for alternate treatment methodologies for chronic diseases, easy to use & user friendly for all age group of patients especially for increasing pediatric & geriatric population and economical treatment as compare to other treatment protocols are the major drivers for the market growth.
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According to World health Organization, homeopathic medicine is the most popular traditional, complementary and alternative Medicine (TCAM) in countries with a GDP > $15,000, and the second most (after Herbal) in countries with GDP < $15,000. However, negative opening & publicity against homeopathy medicine and false advertising and misleading claims made by homeopaths will restrain them market growth during the forecast period. In 2010, the UK Government Science & Technology Committee analysed the research into homeopathy & concluded that homeopathic products perform no better than placebos.
The global homeopathy market is segmented on the basis of types, application, source, and end user.
On the basis the types, it is segmented into dilutions, tincture, biochemics, ointments, tablets, and others.
On the basis of the application, it is segmented into analgesic and antipyretic, respiratory, neurology, immunology, gastroenterology, dermatology, and others.
On the basis of the source, it is segmented into plants, animals, and minerals.
On the basis of end user homeopathic clinic, hospitals, retailer, e- retailer, research laboratories, and others.
Some of the key players in this market are Boiron Group, Weleda, Heel, Hyland, Nelson & Co Ltd, Homeocan inc, GMP Laboratories, others.
The Europe dominate the global homeopathy market owing to the presence of huge patient population suffering from cancer, changing lifestyle and increasing government support for research & development. Americas accounts for the second largest market for the homeopathy which is followed by Asia Pacific. Government support for the research and presence of huge patient pool has driven the market in Europe region. Asia Pacific is the fastest growing market owing to the huge population base, increasing prevalence of chronic diseases, rapidly developing economies and presence of huge opportunity for the growth of the market. The Middle East & Africa is expected to have limited market but sound growth. Middle East is dominating this market by holding major share of the Middle East & Africa market owing to a well-developed technology and healthcare sector.
TOC of Homeopathy Market Research Report – Global Forecast till 2023
1 Report Prologue
2 Market Introduction
3 Research Methodology
4 Market Dynamics
5 Market Factor Analysis
6 Global Homeopathy Market, by Type
7 Global Homeopathy Market, by Applications
8 Global Homeopathy Market, by Source
9 Global Homeopathy Market, By End User
10 Global Homeopathy Market, By Region
11 Competitive Landscape
12 Company Profiles
13 MRFR Conclusion
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