Major players in the homeopathy market are Boiron Group, Dr.Reckeweg and Co. GmbH, Hyland’s Inc, Hahnemann Laboratories Inc, Dr.Willmar Schwabe GmbH and.
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“Homeopathy Market”
The homeopathy market was valued at US$ 4,609.55 million in 2020 and is projected to reach US$ 13,518.62 million by 2028; it is expected to grow at a CAGR of 14.4% from 2021 to 2028.
The major factors driving to the growth of the market are safety associated with homeopathic products and rise in adoption of homeopathic medicine. However, the stringent regulatory approvals restrain the market growth. Homeopathy market is a medicinal branch that believes that the body can heal itself. The healthcare professionals practicing homeopathy use minute amounts of natural substances from plants, animals, and minerals that stimulates the process of healing. It is widely used to treat allergies, migraines, depression, chronic fatigue syndrome, rheumatoid arthritis, irritable bowel syndrome, premenstrual syndrome, and other chronic diseases.