Botanicals And Acupuncture: A Leading Driver Behind Surging Popularity of Herbal Medications Fuels Botanicals and Acupuncture Growth Market Expansion in 2025

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What Will the Botanicals And Acupuncture Industry Market Size Be by 2025?
The market size of botanicals and acupuncture has seen considerable growth over the past few years. It's estimated to experience an expansion from $92.36 billion in 2024 to $111.46 billion in 2025, with a compound annual growth rate (CAGR) of 20.7%. The historical period's progress is largely due to the increase in natural therapies, an uptick in orthocases, a growing elderly population, and improved diagnostics and awareness.

What's the Long-Term Growth Forecast for the Botanicals And Acupuncture Market Size Through 2029?
There is an expectation for the botanicals and acupuncture market size to experience massive expansion in the approaching years. By 2029, it is projected to reach $238.42 billion, exhibiting a compound annual growth rate (CAGR) of 20.9%. Factors contributing to this predicted growth during the forecast period include the increasing number of surgical procedures, the expansion of ambulatory surgical facilities, a rise in sports-related injuries, and elevated accident rates. Upcoming trends that are expected to reign during the forecast period include the merging of traditional practices with mainstream healthcare, the inclusion of botanicals in functional food and drink products, research based on scientific evidence regarding the efficacy of botanicals, advancements in acupuncture techniques, and the incorporation of botanicals and acupuncture into wellness tourism.

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What Are the Key Growth Drivers Fueling the Botanicals And Acupuncture Market Expansion?
The surge in herbal medicine usage is projected to stimulate growth in the botanicals and acupuncture market. Herbal medicines, sometimes known as botanical medicine, are products produced from plant extracts, herbs, or botanical components employed for medicinal purposes. These are frequently used alongside acupuncture in traditional Chinese medicine (TCM) to enhance the therapeutic effects of treatment. For instance, in August 2023, the World Health Organization (WHO), a specialized agency of the United Nations based in Switzerland, reported that roughly 4 billion people, accounting for 80% of the world's population, use herbal medicine as part of their health care. Moreover, each year 30% of the US population utilizes herbal remedies. As such, the growing popularity of herbal medications is bolstering the botanical and acupuncture market. The advancement in e-commerce is anticipated to boost further the growth of the botanicals and acupuncture market. E-commerce, the sale and exchange of products and services over electronic networks such as the internet, is transforming how individuals access and interact with botanicals and acupuncture. It provides a platform for clinics and practitioners to share information about their services, credentials, and feedback from patients. For example, in November 2023, the International Trade Administration, a US government agency, predicted an average annual growth rate of 12.6% for eCommerce sales in the UK by 2025. E-commerce accounts for 36.3% of the UK's total retail business and is expected to generate revenue of approximately $285.6 billion by 2025. Therefore, the escalation in e-commerce penetration is enhancing the growth of the botanical and acupuncture market.

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What Are the Key Trends Driving Botanicals And Acupuncture Market Growth?
Prominent firms in the botanicals and acupuncture market are concentrating on pharmaceutical development, for instance, TC Cream, to develop scientifically supported and clinically certified products. TC Cream offers a novel topical solution to tackle psoriasis in patients. This inventive therapy affects various autoimmune signaling pathways to deliver effective treatment. For example, in May 2023, the Psoriasis Research Institute of Guangzhou (PRIG), a wholly-owned research institute of HiST Pharma based in China, obtained authorization to start a Phase III clinical trial for TC Cream in the United States, securing approval for its Investigational New Drug (IND). TC Cream is an innovative botanical drug that provides relief to numerous people suffering from the upsetting effects of psoriasis, positioning itself as the first of its kind in the world for this treatment.

How Is the Botanicals And Acupuncture Market Segmented?
The botanicals and acupuncture market covered in this report is segmented -

1) By Intervention: Botanicals, Acupuncture
2) By Application: Prescription, Over The Counter (OTC)
3) By Distribution Method: Direct Sales, E-Sales, Distance Correspondence

Subsegments:
1) By Botanicals: Herbal Supplements, Medicinal Plants, Essential Oils, Plant-Based Extracts
2) By Acupuncture: Traditional Acupuncture, Electroacupuncture, Acupressure, Auricular Acupuncture

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Which Companies Are Leading the Charge in Botanicals And Acupuncture Market Innovation?
Major companies operating in the botanicals and acupuncture market report are Archer Daniels Midland Company, International Flavors & Fragrances Inc., Nu Skin Enterprises Inc., Green Cross Corp., Blue Sky Botanics Ltd., Martin Bauer Group, Naturex S.A, Bionorica SE, Lee Kum Kee Health Products Group Limited, Nutraceutical Corporation, Indena S.p.A, P.T. Indesso Aroma Group, Columbia Nutritional LLC, Pukka Herbs Ltd., Gaia Herbs Inc., BI Nutraceuticals Inc., Bio-Botanica Inc., Golden Needle Acupuncture Herbal & Medical Supply, Arjuna Natural Extracts Ltd., Nordic Nutraceuticals ApS, Solaray Inc., Sabinsa Corporation, Salus-Haus GmbH & Co. KG, Synergy Flavors Inc., Herb Pharm LLC, WellSpring Acupuncture, Modern Acupuncture Holdings LLC, Ayush Ayurvedic Pte Ltd., Botanic Innovations LLC, Ransom Naturals Ltd.

Which Regions Are Leading the Global Botanicals And Acupuncture Market in Revenue?
Europewas the largest region in the botanicals and acupuncture market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the botanicals and acupuncture market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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