The botanicals and acupuncture global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Botanicals And Acupuncture Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size -
The
botanicals and acupuncture market size has grown exponentially in
recent years. It will grow from $75.88 billion in 2023 to $92.36 billion
in 2024 at a compound annual growth rate (CAGR) of 21.7%. The growth in
the historic period can be attributed to rise in natural therapies,
growth in orthocases, increasing ageing population, improved diagnostics
and awareness.
The botanicals and acupuncture market size is expected to see exponential growth in the next few years. It will grow to $197.08 billion in 2028 at a compound annual growth rate (CAGR) of 20.9%. The growth in the forecast period can be attributed to growing surgical volume, expansion of ambulatory surgical centers, rise in sports injury, increase rates of accidents. Major trends in the forecast period include integration of traditional practices in mainstream healthcare, incorporation of botanicals in functional foods and beverages, evidence-based research on botanical efficacy, innovation in acupuncture techniques, integration of botanicals and acupuncture in wellness tourism..
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Scope Of Botanicals And Acupuncture Market
The Business Research Company's reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market's historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Botanicals And Acupuncture Market Overview
Market Drivers -
The
rise in popularity of herbal medications is expected to propel the
growth of the botanicals and acupuncture market going forward. Herbal
medications, also known as botanical medicine, refer to products made
from plant extracts, herbs, or botanical substances used for medicinal
purposes. Herbal medications are often used in conjunction with
acupuncture in traditional Chinese medicine (TCM) to enhance the
therapeutic effects of treatment. For instance, in August 2023,
according to the World Health Organization (WHO), a Switzerland-based
specialized agency of the United Nations responsible for international
public health, approximately 4 billion individuals, constituting 80% of
the global population, rely on herbal medicine as a component of their
healthcare. Further, in the United States, herbal remedies are utilized
by 30% of the population annually. Therefore, the rise in popularity of
herbal medications is driving the growth of the botanical and
acupuncture market.
Market Trends -
Major companies operating
in the botanicals and acupuncture market are focusing on drug
development, such as TC Cream, to create evidence-based and medically
validated products. TC Cream introduces an innovative topical solution
for addressing psoriasis in patients. This breakthrough therapy targets
multiple autoimmune signaling pathways to provide an effective
treatment. For instance, in May 2023, the Psoriasis Research Institute
of Guangzhou (PRIG), a China-based wholly-owned research institute of
HiST Pharma, secured authorization to initiate a Phase III clinical
trial for TC Cream in the United States by obtaining approval for its
Investigational New Drug (IND). TC Cream represents a groundbreaking
botanical drug, relieving numerous individuals grappling with the
distressing effects of psoriasis and standing as the world's pioneering
solution for its treatment.
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
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Regional Insights -
Europewas
the largest region in the botanicals and acupuncture market in 2023.
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.
Key Companies -
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.
Table of Contents
1. Executive Summary
2. Botanicals And Acupuncture Market Report Structure
3. Botanicals And Acupuncture Market Trends And Strategies
4. Botanicals And Acupuncture Market – Macro Economic Scenario
5. Botanicals And Acupuncture Market Size And Growth
…..
27. Botanicals And Acupuncture Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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