AYUSH and Alternative Medicine Industry in India Market 2021 Demand, Growth and Business Outlook - Baidyanath, Dabur India, Ganga Pharmaceuticals, GR Herbals, Hamdard

The AYUSH and Alternative Medicine Industry in India Market Report 2021-2025 is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand, and supply data (as applicable). The research analysts provide a detailed description of the value chain and its distributor analysis. This Market study provides comprehend AYUSH and Alternative Medicine Industry in India data that enhances the understanding, scope, and application of this report. The study includes market share analysis and profiles of players such as Baidyanath, Dabur India, Ganga Pharmaceuticals, GR Herbals, Hamdard, Himalaya Wellness, Hootone Remedies, Patanjali Ayurved Limited, SBL Mathur, Sydler India Pvt Ltd, and others.

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Market Overview:

Ayurveda, yoga, naturopathy, Unani, Siddha, and homeopathy (AYUSH) is a system of alternative medicines in India. Given its ancient scientific knowledge, India is a hub for alternative medicines like Unani, Ayurveda, Siddha, and homeopathy. The main reason for the surge in demand for AYUSH and alternative medicine in India is the rising consumer awareness about the long- and short-term side effects of using chemical products. AYUSH and alternative medicine products are natural and comparatively safe. They also cost less than synthetic products. India has a vast reservoir of natural flora and fauna, along with ancient texts and knowledge, which have made it an authority in the field of AYUSH. Today, India is one of the top exporters of alternative medicines in the world. Major export destination includes the United States and European countries, like Germany and France. The government is also supporting the industry with investments in scientific research in AYUSH, building the necessary infrastructure and regulatory framework. One of the major factors hindering the growth of the Indian AYUSH and alternative medicine market is the general perception of the treatment as a secondary source of medication.

Key Market Trends:

Ayurveda to Dominate Market Share

Ayurvedic medicine originated in India and has been around in clinical usefulness for the past many decades. Practitioners use a variety of techniques, including herbs, massage, and specialized diets to balance the body, mind, and spirit, to promote overall wellness. Ayurvedic products are gaining popularity in India and across the world, due to the natural medicinal benefits, they offer without side effects. In addition, the Indian government is promoting and encouraging Ayurvedic product usage through education and various awareness programs. In India, states, like Tamilnadu and Kerala, benefit from medical tourism. These states have many advantages, such as adequate infrastructure, specialized workforce, significant R&D, beautiful landscapes, and a relatively less contaminated environment. Also, the governments of these states are very supportive of drafting industry-friendly policies.

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What Are The Market Factors That Are Explained In The Report?

Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

Analytical Tools: The AYUSH and Alternative Medicine Industry in India Market Report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.                      

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