By Eric Foxman, AAHP secretary
October 1, 2017
The last weeks have seen a number of market research studies published that provide background, analysis, and forecasts for homeopathic market development and growth. The fact that so many reports are now available acknowledges the potential of the homeopathic products segment. All the reports are available for purchase. Below are recaps of five recently released reports and links to the firms’ fuller descriptions.
United States Growth and Forecasts
The U.S. homeopathy market is expected to surge at a steady pace from 2017 to 2022, driven by the rising aging population, according to Market Research Hub’s study “United States Homeopathy Market Report 2017,″ The firm notes global demand for homeopathic products has grown by remarkable lengths over the past few years, thanks to the massive interest shown by developed economies.
MRH anticipates the compounded annual growth rate (CAGR) for the U.S. homeopathy market to surge between 2016 and 2022. Growth is also fueled by availability of these products in mass retailers. The report splits the U.S. market into seven regions including West, South, Southwest, Midwest, Middle Atlantic, and New England. This report shows the sales volume, revenue, and other factors for each region. The analysts note that so many users of homeopathic remedies are confident about them relieving their symptoms suggests that once people have used these products and experienced the effectiveness, they may be more inclined to use them in the future.
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World Wide Market Research
Global Homeopathic Products Market research report provides an analysis of the homeopathic products market from 2012 to 2017. The report addresses future market trends based on the past and current market aspects of the homeopathic products industry. The report covers the Asia-Pacific, Europe, North America and Africa regions. Download the brochure of Global Homeopathic Products Market report here, or browse the full Global Homeopathic Products Market Report here.
The report contains 10 chapters. The first two address market overview, market opportunities, risk and driving force, and most important product scope as well as analyzing the homeopathic products market from 2012 to 2017. The third chapter deals with top leading players. Next two chapters show geographical zones with revenue, sales, and market-share forecasts for 2017 to 2022.
The sixth and seventh chapters gives competitive analysis from 2016 to 2022. The next chapter covers market forecasts for 2012 to 2022. The ninth and 10th chapters provide a detailed study about the traders, dealers, sales channel, and distributors along with research findings, data sources, and appendix.
Global Homeopathic Products Market 2017
This report from emarketresarch.us provides a comprehensive review of market trends, drivers, opportunities, challenges and issues, news, and events. Overall assessments of the global homeopathic products market from different countries and regions are addressed. The fastest and slowest growing market segments, emerging opportunities, plus segments’ and subsegments’ market size, share, and forecast are provided. The homeopathic products market is categorized into animal products, mineral products, and plant products. The market is divided into women and men and others. In addition, the report provides information about the major manufacturers in North America, Europe and Asia-Pacific, South America, Middle East and Africa.
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EMEA (Europe, Middle East and Africa) Homeopathy Market
The EMEA Homeopathy market report looks at top manufacturer with sales volumes by the five main dosage forms. In addition to usual background information, this report covers the manufacturing processes as well as various categories of suppliers. Production capacity is analyzed in addition to market volume and value. Company profiles, product portfolios, and other company information is presented.
Regions covered are Europe (Germany, France, U.K., Russia, Italy and Benelux); Middle East (Saudi Arabia, Israel, UAE and Iran); and Africa (South Africa, Nigeria, Egypt and Algeria).
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Technavio Global Market Report
Technavio analysts forecast the global homeopathy product market will grow at a CAGR of more than 14 percent from 2017 to 2021.
Their report notes homeopathic products are available in various formulations and are in high demand due to their cost-effectiveness and easy availability. The demand is for various formulations, tinctures, and tablets, followed by biochemics and ointments.
The report highlights three factors contributing to the growth of the global homeopathy product market:
- Acceptance of homeopathy as a holistic treatment;
- Increased adoption of alternative therapies including homeopathy; and
- Increased demand for preventive care.
There has been increase in demand for alternative therapies as they are associated with lower risks and because they substantially reduce health care expenditures. Along with homeopathy, yoga and meditation, physiotherapy, light therapy, Ayurveda, and acupuncture are increasingly becoming popular. Among these alternative therapies, homeopathy has a wider geographical reach and scope as it can be used as a treatment for various medical conditions. The report notes:
“If the market scenario is considered from the prospective of service providers, homeopathy is a complementary and alternative medicine, which has a high scope for legal recognition in various countries across the world. Among the 42 European countries, homeopathy is practiced in nearly 38 countries, three among four European citizens are aware of homeopathy treatments, where one is an existing user of homeopathy products.”
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Note: AAHP does not endorse any of these reports, having not reviewed them. The information is provided to make companies aware of available resources.