Coronaviruse/Covid19 Impact on Ayurveda Market 2020- With Top Leading Players | Zandu Pharmaceutical Works Ltd, Charak Pharma, Hamdard laboratories, Dabur, Baidyanath Group, Patanjali Ayurved, etc

The latest research report from Market Research Future (MRFR) takes a close look at the dynamics of the global Ayurveda market and provides a detailed forecast for the market from 2017 to 2023. The leading players operating in the global Ayurveda market are profiled in the report to give readers a clear overview of the competitive landscape of the market. Leading drivers and restraints acting on the Ayurveda market are also elaborated upon in the report, giving readers a clear overview of the major trends likely to support market growth over the coming years.

Get Free Sample Copy @ https://www.marketresearchfuture.com/sample_request/6166

Ayurveda is an ancient Indian medicine system that has grown to other nations in the Indian subcontinent. Recently, Ayurveda has become a global phenomenon, driven by the Indian government’s support to the sector and the growing realization of the harmless, naturalistic means employed by Ayurveda for disease remediation. The use of herbal, natural ingredients in Ayurveda has been the major factor responsible for the growing demand from the Ayurveda market, as consumers around the world are becoming increasingly concerned about the risk of side-effects from conventional allopathic medicines, which can be derived naturally or synthetically. This has led a growing volume of the global population towards naturally sourced medicine systems that offer a lower risk of side effects, among other benefits. This is likely to remain a major driver for the global Ayurveda market over the forecast period.

The increasing support from the Indian government to the growth of Ayurveda in India as well as around the world is likely to remain a key driver for the global Ayurveda market over the forecast period. In recent years, the Indian government has taken several steps in support of the Ayurveda industry, including lowering the goods and services tax on Ayurveda products to a nominal 5%. Also, a whole new ministry, called the AYUSH ministry, was set up in 2014 to promote development efforts in India in the fields of alternative medicine, including Ayurveda. Such strong support from the central Indian government is likely to remain a major driver for the global Ayurveda market, as the Ayurveda market is primarily centered on India. Increasing demand for Ayurveda-based treatments from medical tourists in India is also likely to be a major driver for the Ayurveda market over the forecast period.

Ayurveda Market Competitive Analysis:
Leading players in the global Ayurveda market include Emami Group, Vicco Labs, Patanjali Ayurved Ltd., Baidyanath Group, Dabur, Hamdard Laboratories, Charak Pharma, and Zandu Pharmaceutical Works Ltd. Dabur holds a strong, dominant share in the Indian Ayurveda market and has thus emerged as the leading contender in the global Ayurveda market.

In December 2019, the government of the state of Kerala in India announced plans to offer Ayurveda-based packages to medical tourists visiting the state. Medical tourism has become a major industry in India in recent years, with Kerala being among the leading states that have benefitted from this boom. Kerala’s reputation as a peaceful coastal state has made it a favorite among medical tourists as well as casual tourists looking to rejuvenate themselves by visiting India. This has the potential to further the Ayurveda industry in the state in the coming years, providing jobs for thousands of locals.
Ayurveda Market Segmentation:
The global Ayurveda market is segmented based on application, disease pattern, source, form, end-users, distribution, and regions.
Based on application, the Ayurveda market is segmented into medicinal, personal care and others. The medicine segment dominates the global Ayurveda market.
Based on disease pattern, the Ayurveda market is segmented into the respiratory system, nervous system, gastrointestinal tract, cardiovascular system, infectious diseases, skeletal system, skin and hair, others.
Based on source, the Ayurveda market includes vegetables (leaves and fruit, seeds, roots, bark and other) and animal (oils, bones, and other).
Based on form, the Ayurveda market is segmented into herbal, herbomineral, mineral, and others.
Based on end-users, the Ayurveda market is segmented into academia and research, hospitals and clinics, and others.
Based on distribution, the Ayurveda market is segmented into organized, over the counter, and others.
Ayurveda Market Regional Analysis:
Asia Pacific holds the largest share in the global Ayurveda market, led by the Indian subcontinent. The strong presence of traditional Ayurveda practices in India, Pakistan, Nepal, Myanmar and other surrounding countries is likely to enable Asia Pacific to dominate the global Ayurveda market over the forecast period. On the other hand, lack of regulatory approval has held back the Ayurveda market in North America and Europe. However, Russia has emerged as a major regional market for Ayurveda in recent years.
Read More @ https://www.marketresearchfuture.com/reports/ayurveda-market-6166

Contact:
Market Research Future
Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
Pune – 411028
Maharashtra, India
+1 646 845 9312
Email: sales@marketresearchfuture.com

About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

This release was published on openPR.