Homeopathy Comprehensive Study
Saurabh More
Senior Research Analyst @ AMA Research & Media | Business Insights, Market Segmentation
About Homeopathy
Homeopathy treatment is done by using natural substances. Homeopathy is used for the treatment of Analgesic & Antipyretic, Respiratory, Neurology, Immunology, Gastroenterology, and Dermatology. Adoption of homeopathy as holistic treatment will act as the key driver of the global homeopathy market.
Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Homeopathy market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.Boiron Group (United States), Biologische Heilmittel Heel GmbH (Germany), A Nelson & Co Ltd (United Kingdom), GMP Laboratories of America, Inc. (United States), Standard Homeopathic Company (Hyland's, Inc.) (United States), Washington Homeopathic Products, Inc., Homeocan Inc. (Canada), Hahnemann Laboratories, Inc. (United States), Hyland's (United States) and Mediral International Inc. (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Allen Homeopathy (India), Natural Health Supply (United States) and Rxhomeo (United States).
Segmentation Overview
AMA Research has segmented the market of Global Homeopathy market by Type (Tincture, Dilutions, Biochemics, Ointments and Tablets), Application (Respiratory, Neurology, Immunology, Gastroenterology, Dermatology and Others) and Region.On the basis of geography, the market of Homeopathy has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2023. Europe, on the other hand, stood as the second largest market due to the presence of key companies in the region and high technological advancement. If we see Market by Treatment, the sub-segment i.e. Auto-isopathy will boost the Homeopathy market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Source, the sub-segment i.e. Plants will boost the Homeopathy market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Adoption as a Conventional Treatment Option and Increasing demand of Actea Spicata and Rhus toxicodendron for Rheumatology Diseases
Market Growth Drivers:
Rising Demand of Homeopathy Products, Cost of Homeopathic Treatment and Increasing Demand of Ointments
Challenges:
Long Treatment Period and More Time for Recovery
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Restraints:
Homeopathy is Not Yet Developed for Surgical Treatments
Opportunities:
New Technology Invention and Need To Do Proper Marketing and Promotion
Market Leaders and their expansionary development strategies
On 23rd 2018, Velesco Pharma’s (Expert in pharmaceutical development and clinical development) has acquired a cGMP analytical laboratory.In July 2018, Boiron India, a subsidiary of Boiron France has launched pre-medicated homeopathic medicines in India.According to The House of Commons Science and Technology Committee (STC), United Kingdom they have conclude that “homeopathy is failed science and should be completely abandoned –no further research. “
Key Target Audience
Pharmaceutical Industrial, Research and Development (R&D) Agencies, Government Research Institute, Medical Research Laboratories, Potential Investors, Government Research Organizations, Private Research Organizations and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.