PUBLISHER: Value Market Research | PRODUCT CODE: 1547858
PUBLISHER: Value Market Research | PRODUCT CODE: 1547858
The global demand for Botanicals and Acupuncture Market is presumed to reach the market size of nearly USD 322.84 Billion by 2032 from USD 67.98 Billion in 2023 with a CAGR of 18.9% under the study period 2024-2032.
Botanical is a class of medicines derived from plants that have been used from ancient times. These are sold in many forms, such as liquid or solid extracts, fresh or dried products, tablets, capsules, powders, tea bags, and other forms. Acupuncture is a form of treatment involving very thin needles into a person's body to balance their energy that helps boost well-being and cure illnesses like headaches, blood pressure problems, and whooping cough, among others.
Global botanicals and the acupuncture market promises potential growth in the coming years. Botanicals and acupuncture are getting global importance because of their health benefits. Their demand will increase because of the increased interest of consumers in natural products and therapies. They are considered safer and more cost-effective than allopathy drugs and on many occasions. However, the market faces many challenges in terms of skilled workforce and community support. Botanicals held two shares of the market. Developing countries are a significant contributor to growth. Botanicals and acupuncture promise a potential cure for cancer, and COVID-19 which is projected to bring a bunch of new opportunities for market growth. Various studies are conducted on both humans and animals suggest that botanicals and acupuncture may strengthen the immune system during chemotherapy and can reduce the side effects of nausea and vomiting. Other studies have examined the role of acupuncture in stimulating immune function during COVID-19. However, a lack of public awareness and resistance from the medical associations hinder the growth of the market.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of Botanicals and Acupuncture. The growth and trends of Botanicals and Acupuncture industry provide a holistic approach to this study.
This section of the Botanicals and Acupuncture market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
This section covers the regional outlook, which accentuates current and future demand for the Botanicals and Acupuncture market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Botanicals and Acupuncture market include Modern Acupuncture, Chiropuncture Inc., ARC Acupuncture & Physical Therapy, Ayush Ayurvedic Pte Ltd., Green Cross Corp, NatureKue Inc., Columbia Nutritional, Herb Pharm, Herbal Hills, Pure Encapsulations Inc., Sheng Chang Pharmaceutical Company, LKK Health Products Group, Nordic Nutraceuticals, Helio USA Inc. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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