Ayurveda market and analysis by form, by application, by disease pattern, by end user, by source and region. Market Research Future (MRFR) has conducted a comprehensive study on the global Ayurveda market from 2023 to 2032, focusing on factors that may influence its growth. The market is poised to benefit from heightened awareness of drug toxicity issues in allopathic medicine, coupled with a growing interest in traditional Indian medicine. Significant aspects affecting the Ayurveda market include the development of potent medications and the expansion of research and development (R&D) projects aligned with modern medical practices. The rise in governmental support for traditional medicine may further impact market dynamics positively.
Moreover, the Ayurveda market is anticipated to tap into the gradual growth of the e-commerce sector, particularly benefiting the nutritional and herbal product industries. The report also provides a COVID-19 impact assessment on the complementary and alternative medicine market.
However, challenges such as the lack of scientific confirmation and endorsement could limit market growth. Issues related to the licensing of the profession and concerns about the legitimacy of herbal medicines, especially in countries like the US, may pose obstacles to industry expansion. The perception of Ayurveda as a supplemental treatment and skepticism about its scientific validity could also impede market growth. Primary market restrictions, including challenges in health insurance acceptance and a talent gap, may potentially hinder the overall growth of the Ayurveda market.
Key Vendors of global Ayurveda market :
Zandu Pharmaceutical Works Ltd, Hamdard laboratories, Charak Pharma, Dabur, Baidyanath Group, Vicco Labs, Patanjali Ayurved Ltd., and Emami Group are some top-notch vendor in Ayurveda market that are profiled by MRFR to study the expansion dynamics of the market for the study duration. Contributions of these vendors towards the market expansion is recorded in the report.
Market Segments
The segment analysis of the global ayurveda treatment market is based on disease pattern, application, source, end users, form, and distribution.
The application-based segments of the Ayurveda market are personal care and medicinal among other.
The disease pattern-based segments of the market are nervous systems, respiratory system, gastrointestinal tract, infectious diseases, cardiovascular system, skin and hair, and skeletal system among others. The infectious disease segment can acquire high turnover for the market by 2032.
The source-based segments of the Ayurveda market are animal (oils, and bones among other) and vegetable (leaves and fruit, bark, seeds, and roots among others). The expansion of the vegan population can cause the vegetable segment to thrive along the analysis period.
The form-based segments of the Ayurveda market are herbomineral, herbal, and mineral among others. The herbal segment can rise at high pace due growing demand for plant-based medicine solutions.
The end users-based segments of the Ayurveda market are hospitals and clinics, academia and research, and over among others. The academia segment can gain traction for the market in the approaching years.
The distribution-based segments of the Ayurveda market are over the counter, and organized among others. The over-the-counter segment can earn decent revenue for the global market, whereas the organized segment can rise at high pace by 2032.
Regional Analysis
By the end of the review year, the Ayurveda market in Asia Pacific is anticipated to hold a sizable portion of the global market. The presence of a long history of herbal medicine use in several APAC countries, including India, Pakistan, Sri Lanka, Indonesia, and Myanmar, may be a factor in the expansion of the regional industry. India is anticipated to generate significant revenue for the regional industry. Senna and psyllium, two key Indian Ayurveda exports, are expected to see increased demand in the coming years, which might fuel a growth in the local market.
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