29-Aug-2020 | Facts and Factors
Findings from Facts and Factors has authored “AYUSH and Alternative Medicine Market by Type (Acupuncture, Aroma Therapy, Ayurvedic Medicine, Herbal Medicine, Homeopathy, and Other Types), Distribution Channel (Direct Sales, E-Sales, and Distance Correspondence): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2019 – 2026” States that the global AYUSH and Alternative Medicine market in 2019 was approximately USD 450 Million. The market is expected to grow above a CAGR of 8.6% and is anticipated to reach over USD 800 Million by 2026.
Ayurveda, yoga, naturopathy, Unani, Siddha, and homeopathy (AYUSH) is an arrangement of elective prescriptions in India. Given its antiquated logical information, India is a center point for elective meds like Unani, Ayurveda, Siddha, and homeopathy. The primary explanation behind the flood sought after for AYUSH and elective medication in India is the rising buyer mindfulness about the long-and momentary symptoms of utilizing substance items. AYUSH and alternative medication items are normal and nearly sheltered. India has an immense supply of normal vegetation, alongside old writings and information, which have made it an expert in the field of AYUSH. Today, India is one of the top exporters of elective drugs in the world. Significant fare goal incorporates the United States and European nations, similar to Germany and France. The legislature is likewise supporting the business with interests in logical research in AYUSH, building the vital foundation and administrative system. One of the central point upsetting the development of the Indian AYUSH and elective medication advertise is the general view of the treatment as an auxiliary wellspring of medicine.
Browse the full “AYUSH and Alternative Medicine Market by Type (Acupuncture, Aroma Therapy, Ayurvedic Medicine, Herbal Medicine, Homeopathy, and Other Types), Distribution Channel (Direct Sales, E-Sales, and Distance Correspondence): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2019 – 2026" https://www.fnfresearch.com/ayush-and-alternative-medicine-market-by-type-acupuncture-1265
The worldwide AYUSH and Alternative Medicine industry has been segmented on the basis of type, distribution channel, and region. The type segment is classified into acupuncture, aroma therapy, ayurvedic medicine, herbal medicine, homeopathy, and other types. Ayurveda division captured the highest market share in 2019, With quickest rise is expected over the forecast era. Ayurvedic medication started in India and has been around in clinical helpfulness for the past numerous decades. Professionals utilize an assortment of procedures, including herbs, rub, and concentrated weight control plans to adjust the body, mind, and spirit, and wellbeing. Ayurvedic items are picking up prominence in India and over the world, because of the normal restorative advantages, they offer without reactions. Moreover, the Indian government is advancing and empowering Ayurvedic item use through training and different mindfulness programs
Aditionally, Distribution Channel segment is classified into direct sales, e-sales, and distance correspondence. Direct sales division captured the highest market share in 2019, With quickest rise is expected over the forecast era.
Geographically market is categorized as Latin America, APAC, North America, Europe, and the MEA regions. APAC is projected to control the global market quickly due to the increasing proliferation of technologically innovative technologies in the countries of the region. This rise in demand is attributed due to increasing individual awareness regarding AYUSH and alternative medicine the in the region.
Report Scope
Report Attribute |
Details |
Market Size in 2020 |
USD 450 Million |
Projected Market Size in 2026 |
USD 800 Million |
CAGR Growth Rate |
8.6% CAGR |
Base Year |
2020 |
Forecast Years |
2020-2026 |
Key Market Players |
Sydler India Pvt Ltd, SBL Mathur, Patanjali, Hootone Remedies, Himalaya Wellness, Hamdard, GR Herbals, Ganga Pharmaceuticals, Dabur India, and Baidyanath. |
Key Segment |
By Type, By Distribution Channel, By Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
Purchase Options |
Request customized purchase options to meet your research needs. Explore purchase options |
The major players operating in the market are Sydler India Pvt Ltd, SBL Mathur, Patanjali, Hootone Remedies, Himalaya Wellness, Hamdard, GR Herbals, Ganga Pharmaceuticals, Dabur India, and Baidyanath. Major operating players in the AYUSH and Alternative Medicine market concentrate on manufacturing more advanced, reliable and cost-effective masks to lead to the growth of revenues in the industry.
This report segments the AYUSH and Alternative Medicine market as follows:
Global AYUSH and Alternative Medicine Market: Type Segment Analysis
- Acupuncture
- Aroma Therapy
- Ayurvedic Medicine
- Herbal Medicine
- Homeopathy
- Other Types
Global AYUSH and Alternative Medicine Market: Distribution Channel Segment Analysis
- Direct Sales
- E-Sales
- Distance Correspondence
Global AYUSH and Alternative Medicine Market: Regional Segment Analysis
- North America
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
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