Botanicals and Acupunture Market

Global Botanicals & Acupuncture Market by Interventions (Botanicals [Ayurveda, Naturopathy, and Homeopathy], and Acupuncture), Types (Prescription and Over the Counter (OTC)), Distribution Channels (Direct Sales, E-sales, and Distance Correspondence), and Regions (Asia Pacific, North America, Europe, Latin America, and Middle East & Africa) Forecasts, 2020-2027

  • Report ID: CG-200
  • Author: Growth Market Reports
  • Rating: 4.6
  • Total Reviews: 5
  • No. Of Pages: 165
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The global botanicals & acupuncture market is anticipated to expand at substantial CAGR during forecast period, between 2020 and 2027. Botanicals include various types of medicines which are derived from the plants. It is also known as herbal products, botanical products, or phytomedicines. Ayurveda, homeopathy, and naturopathy are alternative medicines or therapies that are practiced for promoting cure and healing. Acupuncture is one of the key components of traditional Chinese medicine (TCM) in which thin needles are inserted at specific points in the body. Acupuncture therapy is used to relieve pain and to treat various conditions. Increasing awareness about the availability of herbal medicinal products and supplements has increased the usage of herbal medicines worldwide. Moreover, growing preference of patients for primary healthcare is driving the market growth.


Market Trends, Drivers, Restraints, and Opportunities:

  • Growing adoption of combination of traditional acupuncture and Chinese medicine with cutting-edge devices are drive the market in the near future.
  • Increasing inpatient preference for technology-based therapies is expected to fuel the market.
  • Rising number of practitioners using advanced tools is estimated to drive the market.
  • High costs and lack of insurance coverage for acupuncture treatments are expected to hamper the market.
  • Introduction of nanotechnology in acupuncture-based treatments is anticipated to create lucrative opportunities in the market.


Scope of the report:

Attributes

Details

Base Year

2019

Historic Data

2017 & 2018

Forecast Period

2020–2027

Regional Scope

Asia Pacific, North America, Europe, Latin America, and Middle East & Africa

Report Coverage

Market scope, analysis, share, competitive analysis, growth facts, restraints, opportunities, and revenue forecast


The report on botanicals &acupuncture market includes an assessment of the market, size, share, trends, segments, and regional markets. Overview and dynamics have been included in the report.


Botanicals & Acupuncture Market Segment Insights:

The Botanicals segment is projected to hold significant market share
On the basis of intervention, the botanicals & acupuncture market can be segmented into botanicals and acupuncture. The botanicals segment is sub-segmented into Ayurveda, naturopathy, and homeopathy. The botanical segment is projected to grow at a significant pace during the forecast periodowing to the increasing demand for botanical complementary therapy as an ancient alternative medicinal practice. Moreover, growing usage of botanicals in herbal supplements, homeopathic medicines, and other natural products is also expected to boost segment growth during the forecast period.

Prescription segment to hold significant share of the market
In terms of types, the botanicals & acupuncture market can be bifurcated into prescription and over the counter (OTC). The prescription segment is projected to grow at a substantial pace during the forecast period owing to increasing demand for botanicals and acupuncture therapies. Moreover, increasing awareness among people about Ayurveda, homeopathy, and naturopathy is expected to boost the market during the forecast period.

Direct sales segment accounted for substantial market share in 2019
Based on distribution channel, the market can be fragmented into direct sales, e-sales, and distance correspondence. The direct sales segment holds significant market share and is projected to expand at a rapid pace during the forecast period.Rising demand for direct sales channels or medical consultation by patients is projected to increase preference for complementary therapeutic procedures, such as naturopathy andacupuncture. Moreover, healthcare practitioners are focusing on implementing various marketing strategies to increase the adoption of botanicals and acupuncture.

Europe is expected to dominate the global market
On the basis of regions, the global botanicals & acupuncture market can be segregated into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Europe accounts for a considerable share of the global market, owing to increasing demand for homeopathy as an alternative medicine in the region. Successful execution of traditional Chinese and botanical medicines on a commercial level in Europe is expected to boost the market in the region. Moreover, Asia Pacific is expected to be a prominent region for the market due to increasing demand for TCM and Ayurveda across the globe.
 

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Botanicals and Acupunture Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Botanicals and Acupunture Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Botanicals and Acupunture Market - Supply Chain
  4.5. Global Botanicals and Acupunture Market Forecast
     4.5.1. Botanicals and Acupunture Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Botanicals and Acupunture Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Botanicals and Acupunture Market Absolute $ Opportunity
5. Global Botanicals and Acupunture Market Analysis and Forecast by Types
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Types
     5.2.2. Y-o-Y Growth Projections by Types
  5.3. Botanicals and Acupunture Market Size and Volume Forecast by Types
     5.3.1. Prescription
     5.3.2. Over the Counter (OTC)
  5.4. Absolute $ Opportunity Assessment by Types
  5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Botanicals and Acupunture Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. Botanicals and Acupunture Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global Botanicals and Acupunture Demand Share Forecast, 2019-2026
7. North America Botanicals and Acupunture Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
  7.2. North America Botanicals and Acupunture Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America Botanicals and Acupunture Market Size and Volume Forecast by Types
     7.4.1. Prescription
     7.4.2. Over the Counter (OTC)
  7.5. Basis Point Share (BPS) Analysis by Types
  7.6. Y-o-Y Growth Projections by Types
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America Botanicals and Acupunture Demand Share Forecast, 2019-2026
8. Latin America Botanicals and Acupunture Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Latin America Average Pricing Analysis
  8.2. Latin America Botanicals and Acupunture Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America Botanicals and Acupunture Market Size and Volume Forecast by Types
     8.4.1. Prescription
     8.4.2. Over the Counter (OTC)
  8.5. Basis Point Share (BPS) Analysis by Types
  8.6. Y-o-Y Growth Projections by Types
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America Botanicals and Acupunture Demand Share Forecast, 2019-2026
9. Europe Botanicals and Acupunture Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Europe Average Pricing Analysis
  9.2. Europe Botanicals and Acupunture Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe Botanicals and Acupunture Market Size and Volume Forecast by Types
     9.4.1. Prescription
     9.4.2. Over the Counter (OTC)
  9.5. Basis Point Share (BPS) Analysis by Types
  9.6. Y-o-Y Growth Projections by Types
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe Botanicals and Acupunture Demand Share Forecast, 2019-2026
10. Asia Pacific Botanicals and Acupunture Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific Botanicals and Acupunture Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific Botanicals and Acupunture Market Size and Volume Forecast by Types
     10.4.1. Prescription
     10.4.2. Over the Counter (OTC)
  10.5. Basis Point Share (BPS) Analysis by Types
  10.6. Y-o-Y Growth Projections by Types
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific Botanicals and Acupunture Demand Share Forecast, 2019-2026
11. Middle East & Africa Botanicals and Acupunture Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa Botanicals and Acupunture Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa Botanicals and Acupunture Market Size and Volume Forecast by Types
     11.4.1. Prescription
     11.4.2. Over the Counter (OTC)
  11.5. Basis Point Share (BPS) Analysis by Types
  11.6. Y-o-Y Growth Projections by Types
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa Botanicals and Acupunture Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global Botanicals and Acupunture Market: Market Share Analysis
  12.2. Botanicals and Acupunture Distributors and Customers
  12.3. Botanicals and Acupunture Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)

By Intervention

  • Botanicals
    • Ayurveda
    • Naturopathy
    • Homeopathy
  • Acupuncture

By Types

  • Prescription
  • Over the Counter (OTC)

By Distribution Channels

  • Direct Sales
  • E-sales
  • Distance Correspondence

By Regions

  • North America
  • Europe
  • Latin America
  • Asia Pacific
  • Middle East & Africa

Key players in the botanicals & acupuncture market include Chiropuncture, Inc., ARC Acupuncture & Physical Therapy,Green Cross Corporation, NatureKue, Inc., Columbia Nutritional, Herb Pharm, Herbal Hills, Pure Encapsulations, LLC., Ayush Ayurveda, Sheng Chang Pharmaceutical Company, LKK Health Products Group Limited, Nordic Nutraceuticals, and Helio USA Inc. Market participants are undertaking strategic initiatives such asmergers & acquisitions, collaborations, agreements, and partnerships to expand their services and maintain a competitive edge in the botanical complementary and alternative health modalities industry. Key players operating in the market are engaged in the acupuncture business and are focusing on implementing organic and inorganic strategies that strengthen their position and product offerings.

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