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Homeopathy Market is expected to reach US$ 13,518.62 million by Fourrts, Allen Healthcare Co. Ltd., Hahnemann Laboratories Inc, Boiron, Homeocan Inc, Hyland's Inc, Nelson Pharmacies Limited, Weleda UK, Biologische Heilmittel Heel GmbH, and Ainsworths (Lon

07-22-2021 03:14 PM CET | Health & Medicine

Press release from: The Insight Partners

/ PR Agency: The Insight Partners
Homeopathy Market

Homeopathy Market

According to our latest study on “Homeopathy Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Type, Source, Application, and Distribution Channel,” the market was valued at US$ 4,609.55 million in 2020 and is projected to reach US$ 13,518.62 million by 2028; it is expected to grow at a CAGR of 14.4% from 2021 to 2028. The report highlights the key factors driving the market growth and prominent players with their developments in the market.

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Based on type, the homeopathy market is segmented into dilutions, tinctures, biochemics, ointments, tablets, and others. The dilutions segment held the largest share of the market in 2020. The increasing inclination toward alternate medicine for the treatment of chronic diseases is boosting the market growth for dilutions segment. Further, the ointments segment is expected to grow at the highest CAGR during 2021–2028.

The growth of the homeopathy market is primarily attributed to the key driving factors such as safety associated with homeopathic products and rise in adoption of homeopathic medicine. However, the stringent regulatory approvals hinder the market growth. Fourrts, Allen Healthcare Co. Ltd., Hahnemann Laboratories Inc, Boiron, Homeocan Inc, Hyland's Inc, Nelson Pharmacies Limited, Weleda UK, Biologische Heilmittel Heel GmbH, and Ainsworths (London) Limited are among the leading companies operating in the market.

Market Insights

Rise in Adoption of Homeopathic Medicine

There are growing customer concerns about the potential side effects of allopathic pharmaceutical drugs or regular medication. Hence, in Asian and European countries, consumers have been turning to alternative medicines such as natural remedies, homeopathy, and other supplements. Some skilled homeopaths have also been promoting the benefits of alternative medicine, especially to patients suffering from chronic health conditions such as cardiovascular disease and cancer. Moreover, a study published in the Scandinavian Journal of Public Health, 2017 stated that alternative practices are primarily used in a complementary manner or in combination with traditional medicine. For instance, Curcuma longa (turmeric) is one of the natural ingredients that is steeped in homeopathic, a traditional form of medicine that originates from India. These conventional or alternative types of medicines are gaining popularity in Europe, and natural ingredient suppliers in developing countries are benefiting. As a result of the widespread use of homeopathic treatments, the industry is expected to expand.

The report segments global homeopathy market as Follows:

By Source

Plants
Animals
Minerals

By Type

Dilutions
Tinctures
Biochemics
Ointments
Tablets
Others

By Application

Analgesic and Antipyretic
Respiratory
Neurology
Immunology
Gastroenterology
Dermatology
Others

By Distribution Channel

Homeopathic Clinics
Retailers
e-Retailers
Others

By Geography

North America
US
Canada
Mexico
Europe
France
Germany
UK
Spain
Italy
Rest of Europe
Asia Pacific (APAC)
China
India
Japan
Australia
South Korea
Rest of APAC
Middle East and Africa (MEA)
Saudi Arabia
UAE
South Africa
Rest of MEA
South and Central America (SCAM)
Brazil
Argentina
Rest of SCAM

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Contact Person: Sameer Joshi
Phone: +1-646-491-9876
Email Id: sales@theinsightpartners.com

About Us:
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Healthcare, Manufacturing, Automotive and Defense.

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You can edit or delete your press release Homeopathy Market is expected to reach US$ 13,518.62 million by Fourrts, Allen Healthcare Co. Ltd., Hahnemann Laboratories Inc, Boiron, Homeocan Inc, Hyland's Inc, Nelson Pharmacies Limited, Weleda UK, Biologische Heilmittel Heel GmbH, and Ainsworths (Lon here

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