The global demand for Botanicals & Acupuncture Market is presumed to reach the valuation of nearly USD XX MN by 2026 from USD XX MN in 2019 with a CAGR of XX% under the study period of 2020 - 2026.
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 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 inclusive assessment of each application/product segment in the global market of botanicals & acupuncture.
The entire botanicals & acupuncture market has been sub-categorized into intervation and distribution method. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
By Distribution Method
- Direct Sales
- Distance Correspondence
This section covers regional segmentation which accentuates on current and future demand for botanicals & acupuncture market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Europe Botanicals & Acupuncture Market By Revenue (USD MN)
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 & acupuncture market include Modern Acupuncture, Chiropuncture, Inc., ARC Acupuncture & Physical Therapy, Green Cross Corp., NatureKue, Inc., Columbia Nutritional, Herb Pharm, Herbal Hills, Pure Encapsulations, LLC, Ayush Ayurveda, Sheng Chang Pharmaceutical Company. This section includes 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.
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.