Ranchi News Desk

Botanicals & Acupuncture Market Report 2020-2027: Trends, Scope, Drivers, Growth And Forecast | Grand View Research, Inc.

 Breaking News
  • No posts were found

Botanicals & Acupuncture Market Report 2020-2027: Trends, Scope, Drivers, Growth And Forecast | Grand View Research, Inc.

December 06
12:52 2021
Botanicals & Acupuncture Market Report 2020-2027: Trends, Scope, Drivers, Growth And Forecast | Grand View Research, Inc.
“Grand View Research, Inc. – Market Research And Consulting.”
According to a new report published by Grand View Research, reverse pharmacology strategy has gained significant traction in botanical manufacturing by reverse-engineering of traditional herbal medicines. This strategy reduces the overall time and costs of drug development as compared to conventional synthetic drug manufacturing, which boosts the growth of the botanicals and acupuncture market

The global botanicals and acupuncture market size is expected to reach USD 165.12 billion by 2027, according to a new report by Grand View Research, Inc., expanding at a CAGR of 19.78% from 2020 to 2027. The advent of nanotechnology in acupuncture-based treatments offers lucrative growth opportunities for the market. Nanotechnology has enabled the employment of nanosensors or nanochips to offer in vivo and real-time detection solutions in reactive molecules. Assessment of connections as well as dynamics, such as reactive molecules with respect to needle stimulation, is anticipated to offer novel insights for these treatments.

The consumer base for complementary medicine has increased due to the benefits and philosophies associated with it. Some philosophies include a high preference for natural products, the onset of illness is attributed to body imbalance, the ability of the body to heal itself, the treatment of the whole body, and the administration of easier therapies. Herbal medicine, naturopathy, and homeopathy are the three most adopted complementary therapies.

Increase in the penetration of internet and e-marketing channels, such as video counseling and other electronic methods, used for patient communication boosts the botanicals segment growth. Running Pay-Per-Click (PPP) advertisements and optimization of business with a rise in the adoption of mobile phones and tablet devices are among the two effective marketing strategies for the E-distribution of botanicals.

Browse full report with Table of Content @ https://www.grandviewresearch.com/industry-analysis/botanicals-acupuncture-market

Botanicals & Acupuncture Market Report Highlights

• By intervention, botanicals accounted for the largest revenue share of more than 65.0% in 2019 as they are extensively used in the form of herbal supplements, homeopathic medicines, and other natural products

• The traditional Chinese medicine therapies are finding applications in the recent treatment models associated with COVID-19 affected patients in China. This offers lucrative growth opportunities for the acupuncture market and operational entities in this market space

• Based on distribution method, direct sales dominated the global market in 2019 as the majority of the complementary therapeutic procedures, such as naturopathy and Ayurveda, demand direct sales/distribution post medical counseling of the patient

• The distance correspondence segment is anticipated to grow at a lucrative pace throughout the forecast period. This is due to the traction for long-distance energy treatments and virtual therapies, targeted towards increasing the salability potential of acupuncture therapies

• Europe accounted for the largest revenue share in 2019 owing to a significant increase in the number of herbal medicine registrations, of which 600 medicines were granted with marketing authorization.

For Requesting a Sample Copy of This Report, Please Visit @ https://www.grandviewresearch.com/industry-analysis/botanicals-acupuncture-market/request/rs1

Botanicals & Acupuncture Market Segmentation

Grand View Research has segmented the global botanicals and acupuncture market on the basis of intervention, distribution method, and region:

Botanicals & Acupuncture Intervention Outlook (Revenue, USD Billion, 2016 – 2027)

    • Botanicals                                                          

    • Ayurveda

    • Naturopathy

    • Homeopathy 

    • Acupuncture

Botanicals & Acupuncture Distribution Method Outlook (Revenue, USD Billion, 2016 – 2027)

    • Direct Sales                                   

    • E-sales

    • Distance Correspondence                                                                      

Botanicals & Acupuncture Regional Outlook (Revenue, USD Billion, 2016 – 2027)

    • North America       

        • U.S.

        • Canada

    • Europe

        • Germany

        • U.K.

        • Spain

        • Italy

        • France        

    • Asia Pacific

        • China

        • India

        • Japan

    • Latin America

        • Brazil

        • Mexico

    • Middle East & Africa

        • South Africa

List of Key Players of Botanicals & Acupuncture Market

    • 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

    • LKK Health Products Group Limited

    • Nordic Nutraceuticals

    • Helio USA Inc.

Inquire more or share questions if any before the purchase on this report @ https://www.grandviewresearch.com/inquiry/450581/ibb

Browse More Related Report:

Complementary And Alternative Medicine Market Size, Share & Trends Analysis Report By Intervention (Botanicals, Mind Healing, Body Healing, External Energy, Sensory Healing), By Distribution Method, And Segment Forecasts, 2021 – 2028

About Grand View Research

Grand View Research is a market research and consulting company registered in the State of California having its headquarters in San Francisco. The company offers syndicated research reports, customized research reports, and consulting services. With Grand View Research, you get an opportunity to understand market trends, insights, and business statistics from a strategic standpoint. With a deep-seated understanding of many business environments, Grand View Research offers business and market intelligence studies and accomplishes more than 300 multi-country market studies.

Media Contact
Company Name: Grand View Research, Inc.
Contact Person: Sherry James, Corporate Sales Specialist – U.S.A.
Email: Send Email
Phone: 1888202951
Address:Grand View Research, Inc. 201 Spear Street 1100 San Francisco, CA 94105, United States
City: San Francisco
State: California
Country: United States
Website: https://www.grandviewresearch.com/industry-analysis/botanicals-acupuncture-market

Related Articles