Homeopathy Market Overview

Homeopathy was introduced by Samuel Hahnemann in 1976. It works on the principle of correspondence of symptoms i.e. a substance causing symptoms of disease in healthy individual will show same symptoms in the sick. Today, homeopathy is one of the most popular form of alternative medicine. It is a one of the successful alternative to allopathic medicines. A constant rise in demand for of a variety of medicines such as homeopathy, and an increase in patient satisfaction about alternate treatment methodologies are all significantly fuelling the market growth. Moreover, increasing pediatric geriatric population, user friendly for all age group of patients and economical treatment as compare to other treatment protocols are the major drivers for the market growth. Homeopathic medicine are made by using natural sources such as plants, animals and chemicals or minerals. It involves administration of small doses having specific composition. Homeopathy is known to be originated in Europe, brought up in U.S and progressed in India. However, false advertising and misleading claims made by homeopaths and negative publicity of the homeopathy medicine has restrained the market growth during the forecast period.

After witnessing the rising trends related to the market, the homeopathy market in the global market will grow at a high CAGR of 14.60% to account for a higher market value of approximately USD 32,459.6 million by the end of the forecasted period in 2028.

The growing prevalence of minor conditions that don’t warrant any major medicinal intervention is likely to be the major driver for the global homeopathy market over the forecast period, as homeopathy is shown to have no effect on major ailments. Due to not containing any active ingredients, unlike medicine, homeopathy is inherently safer than the latter. This has driven widespread adoption of homeopathic medicine among adults as well as children. Since homeopathic medicine consists of simple sugar pills and other such simplistic formulations, even infants and geriatric individuals can safely consume homeopathic medicine. The absence of active ingredients in homeopathy also makes it safe from the risk of accidental overconsumption, as not having any active ingredients means that the risk they pose is also removed. This is likely to remain the major driver for the global homeopathy market over the forecast period. Every industry has been affected immensely because of the sudden covid pandemic outbreak. The global participating industries are dealing with this recession and trying to recover from this period as early as the coming years.

Homeopathy Market Segmentation

• Application, source, and end-user are the various segments on which the homeopathic market is based globally.
• Based on the type
• The type segment of the market includes Biochemicals, Tablets, Dilutions, Ointments, tinctures, and Others.

• Based on the end-users
• This market segment includes Research Laboratories, E- Retailer, and others like Retailers, Hospitals, Homeopathic Clinic, and other

Homeopathy Market Regional Analysis

 The homeopathic market in the global market has been divided based on the region into the Americas, Europe, Asia-Pacific, and the Middle East Africa. The European region holds the largest share in the homeopathy market in the global market due to various developed companies like Germany, France, and the U.K. Also, The vast population suffering from cancer in the European region is the fueling factor for growth in the market.

America is forecasted to be the second-largest supplier of the global homeopathy market due to increasing expenditure by the government on research and development. Better treatment methods are the primary reason for global homeopathy research in the Asia Pacific region, as this region is the fastest-growing region. Also, the population in the Asia-Pacific region is very high in countries like India and China, which requires more medical facilities compared to other regions in the global market.

Competitive Analysis:

Leading players in the global homeopathy market include Boiron Group, Heel, Nelson Co. Ltd., GMP Laboratories, Homeocan Inc., Hyland, and Weleda.

Homeopathy Market Players

The most prominent major players in the homeopathy market in the global market are as follows:

• Boiron Group
• Weleda
• Heel
• Homeocan Inc.

1 Report Prologue

2 Market Introduction

2.1 Definition 15

2.2 Scope Of Study 15

2.3 Research Objective 15

2.4 Assumptions Limitations 15

2.4.1 Assumptions 15

2.4.2 Limitations 16

2.5 Market Structure 16

3 Research Methodology

3.1.1 Primary Research Methodology 18

3.1.2 Secondary Research Methodology 19

3.1.3 Market Share Analysis 19

3.1.4 Market Pricing Approach 19

4 Market Dynamics

4.1 Introduction 21

4.2 Drivers 22

4.2.1 Growing Need For Alternate Treatment Methodologies For Chronic Diseases (Impact Weightage 35%) 22

4.2.2 Economical Treatment As Compare To Other Treatment Protocols(Impact Weightage 30%) 23

4.2.3 Homeopathy Medicine Is Safe And Effective (Impact Weightage 25%) 24

4.2.4 Easy To Use User Friendly For All Age Group Of Patients Especially For Increasing Pediatric Geriatric Population (Impact Weightage 10%) 25

4.3 Restraints 26

4.3.1 Negative Opening Publicity Against Homeopathy Medicine (Impact Weightage 60%) 26

4.3.2 False Advertising And Misleading Claims Made By Homeopaths (Impact Weightage 40%) 27

4.4 Opportunity 28

4.4.1 Growing Prevalence Rate Related To Hair Skin Ailments 28

4.5 Mega Trends 28

4.6 Macroeconomic Indicators 28

5 Market Factor Analysis

5.1 Value Chain 30

5.2 Porters Five Forces Analysis 32

5.2.1 Threats Of New Entrants 32

5.2.2 Threat Of Substitute 32

5.2.3 Bargaining Power Of Buyers 33

5.2.4 Bargaining Power Of Suppliers 33

5.2.5 Competitive Rivalry 33

5.3 Demand And Supply Gap Analysis 34

5.4 Pricing Analysis 35

5.5 Investment Opportunity Analysis 36

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