Homeopathy Products Market 2019 Business Overview and Growth Strategies by 2028
Homeopathy is a system of alternative medicine which was introduced in 1796 by Dr. Samuel Hahnemann. Homeopathy cures medical diseases and disorders through different orally and topical route of administration by utilization of fluids or balms. Homeopathic medicines are widely obtained from plant sources and are most widely used across the globe. They have wide range of application in mental health, reproductive health, skin and hair disorder, neurological disorders and diseases.
The global homeopathy products market is expected to register significant growth in the forecoming years. Major factors driving growth of the global target markets are, rising health care expenditure increasing prevalence and incidences of life threating disease such as cancer, diabetes, etc. across the globe. In addition, growing population, government initiatives, higher disposable income are other factors expected to drive the growth of the target market over the forecast period.
The global homeopathy products market report has been segmented on the basis of product type, application, source, and region.
On the basis of product type, the global market has been segmented into tincture, dilutions, ointments, and tablets.
On the basis of application, the global homeopathy products market has been segmented into analgesic and antipyretic, respiratory, neurology, immunology, gastroenterology, dermatology, and others.
On the basis of source, the global market has been segmented into plants, animals, and minerals.
On the basis of region, the global markets segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
In 2018, North America homeopathy products market is expected to account for major share in the global market in terms of revenue, and is expected to maintain its dominance over the forecast period, due to rising health care expenditure, consumer inclination towards herbal and natural based medical products in country in the region. However, Asia Pacific homeopathy products market is projected to register highest CAGR in the next five years, due to increasing health awareness among consumers and rising prevalence of chronic diseases in countries in the region.
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Key players operating in the global homeopathy products market includes Boiron Group, Biologische Heilmittel Heel GmbH, A Nelson & Co Ltd., GMP Laboratories of America, Inc., Standard Homeopathic Company (Hyland’s, Inc.), Washington Homeopathic Products, Inc., Homeocan Inc., Hahnemann Laboratories, Inc., Mediral International Inc., and Ainsworths Ltd.
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