Global Ayurveda Market Research Report Insight and Industry Analysis by application (medicinal, personal care), by disease pattern (respiratory system, nervous systems, gastrointestinal track, cardiovascular system, infectious diseases, skeletal system, skin and hair), by source (vegetable, animal and mineral), by form (herbal, herbomineral, mineral), by end users (academia and research, hospitals and clinics), by distribution (organized, over the counter) – Forecast to 2023
Ayurveda Market Analysis
The global Ayurveda market is predicted to grow at a healthy CAGR over the forecast period (2018-2023), states the new Market Research Future (MRFR) report. Ayurveda or Ayurvedic medicine is amid the oldest holistic healing systems. The goal of Ayurveda is in promoting good health and not fighting diseases. Ayurveda or the Science of Life rests on two key principles- firstly, the mind and body are interconnected, and secondly, the mind is powerful enough in healing the body.
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Various factors are propelling the Ayurveda market growth. Some of these factors as per the new Market Research Future (MRFR) report, include increasing awareness regarding the efficacy and effectiveness of traditional medicines, support from governments, rise in research and development activities, disillusionment with allopathy medicine having concurrent side effects, and the growing e-commerce sector. Additional factors pushing market growth include growth of worldwide nutrition and herbal industry, the emergence of self-learned consumers, growing prevalence and incidence of chronic ailments such as allergy, cardiology, and rheumatic disorders, minimal side effects, changing lifestyle, growing urbanization, and novel innovative product launches.
On the flip side, its lack of validation, especially in developed nations and outlook of Ayurveda as pseudoscience and supplementary are factors that may deter the Ayurveda market growth over the forecast period.
Ayurveda Market Key Players
Leading players profiled in the Ayurveda market report include
- Emami Group
- Vicco Labs
- Patanjali Ayurved Ltd.
- Baidyanath Group
- Hamdard Laboratories
- Charak Pharma
- Zandu Pharmaceutical Works Ltd.
Key players are in the midst of formulating different strategies with respect to different region to gain a firm foothold in the market such as partnerships/joint ventures, collaborations, research and development activities, mergers and acquisitions, and more.
Ayurveda Industry News/Update
September 2019: NirogStreet has launched new SaaS-based software called NirogStreet Vaidya Tool exclusively for Ayurvedic physicians, hospitals, and clinics. This software will enable Ayurveda practitioners in creating and managing medicine stock, bills and inventory, medicine prescription, patient follow-up, and patient records. Besides, it will also serve as a rich knowledge pool as it will offer access to 250 plus disease treatment protocol, suvarna prashan, prakruti parikshana, and detailed lifestyle and diet modifications.
Ayurveda Market Segmentation
The MRFR report provides a complete segmental analysis of the Ayurveda market on the basis of end users, distribution, form, source, disease pattern, and application.
Based on application, the Ayurveda market is segmented into personal care, medicinal, and others.
Based on disease pattern, the Ayurveda market is segmented into skin and hair, skeletal system, infectious diseases, cardiovascular system, gastrointestinal track, nervous systems, respiratory systems, and others.
Based on source, the Ayurveda market is segmented into animal and vegetables. The vegetable segment is again segmented into bark, roots, fruit seeds, leaves, and others. The animal segment is again segmented into bones, oils, and others.
Based on form, the Ayurveda market is segmented into mineral, herbomineral, herbal, and others.
Based on end users, the Ayurveda market is segmented into hospitals and clinics, academia and research, and others.
Based on distribution, the Ayurveda market is segmented into over the counter, organized and others.
Ayurveda Market Regional Analysis
Based on the region, the Ayurveda market report covers the latest trends and growth opportunities across the Asia Pacific, Europe, North America, and the Middle East and Africa. Of these, the APAC region will spearhead the market over the forecast period. Factors aiding growth in the region include the region’s rich tradition of herbal medicines and being the largest producer of Ayurvedic products. India, as well as China, are the key contributors in this region.
The Ayurveda market in North America will have a healthy growth over the forecast period. Factors aiding growth in the region include higher healthcare expenditure, high per capita income, rising application areas, increasing therapeutic applications in personal care and cosmetics, and strong potential of Ayurveda products.
The Ayurveda market in Europe is predicted to have promising growth over the forecast period. Germany, Italy, and France are the key contributors in this region. Factors facilitating growth in the region include growing popularity of Ayurveda with pharmaceuticals and therapeutics sectors supporting the market, presence of large facilities, and high disposable income.
TABLE OF CONTENT
Chapter 1. Report Prologue
Chapter 2. Market Introduction
2.2 Scope Of The Study
2.2.1 Research Objective
Chapter 3. Research Methodology
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
Chapter 4. Market Dynamics
Chapter 5. Market Factor Analysis
LIST OF TABLES
Table 1 Global Ayurveda Testing Market Industry Synopsis, 2018–2023
Table 2 Global Ayurveda Testing Market Estimates & Forecast, 2018–2023, (USD Million)
Table 3 Global Ayurveda Testing Market, By Region, 2018–2023, (USD Million)
Table 4 Global Ayurveda Testing Market, By Source, 2018–2023, (USD Million)
Table 5 Global Ayurveda Testing Market, By Disease Pattern, 2018 –2023, (USD Million)
LIST OF FIGURES
Figure 1 Research Application
Figure 2 Market Structure For The Global Ayurveda Testing Market
Figure 3 Market Dynamics For The Global Ayurveda Testing Market
Figure 4 Global Ayurveda Testing Market Share, By Source 2017
Figure 5 Global Ayurveda Testing Market Share, By Disease Pattern, 2017
Figure 6 Global Ayurveda Testing Market Share, By Application, 2017
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