China Botanicals & Acupuncture Market Size & Outlook
China botanicals & acupuncture market, 2016-2027 (US$M)
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China botanicals & acupuncture market highlights
- The China botanicals & acupuncture market generated a revenue of USD 2,150.7 million in 2019 and is expected to reach USD 9,283.2 million by 2027.
- The China market is expected to grow at a CAGR of 20.1% from 2020 to 2027.
- In terms of segment, botanicals was the largest revenue generating intervention scope in 2019.
- Acupuncture is the most lucrative intervention scope segment registering the fastest growth during the forecast period.
Botanicals & acupuncture market data book summary
| Market revenue in 2019 | USD 2,150.7 million |
| Market revenue in 2027 | USD 9,283.2 million |
| Growth rate | 20.1% (CAGR from 2019 to 2027) |
| Largest segment | Botanicals |
| Fastest growing segment | Acupuncture |
| Historical data | 2016 - 2018 |
| Base year | 2019 |
| Forecast period | 2020 - 2027 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Botanicals, Acupuncture |
| Key market players worldwide | Moderna Inc, Green Cross Health Ltd, Herb Pharm, Nestle SA, Nordic Naturals, LKK Health Products Group, ARC Physical Therapy+, Columbia Nutritional, Herbal Hills, Helio USA |
Other key industry trends
- In terms of revenue, China accounted for 5.5% of the global botanicals & acupuncture market in 2019.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2027.
- In Asia Pacific, India botanicals & acupuncture market is projected to lead the regional market in terms of revenue in 2027.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 11,389.2 million by 2027.
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Botanicals & Acupuncture Market Scope
Botanicals & Acupuncture Market Companies
| Name | Profile | # Employees | HQ | Website |
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China botanicals & acupuncture market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to botanicals & acupuncture market will help companies and investors design strategic landscapes.
Botanicals was the largest segment with a revenue share of 59.5% in 2019. Horizon Databook has segmented the China botanicals & acupuncture market based on botanicals, acupuncture covering the revenue growth of each sub-segment from 2016 to 2027.
China is known for its traditional herbal medicines, acupuncture, and many other alternative medical interventions. The Chinese herbal medicine market is robust and expected to grow at a healthy rate due to high adoption of the same along with modern medicine.
Research and studies conducted depict that approximately 80% people in the country prefer traditional medicine supplements and acupuncturebased therapies to cure chronic ailments.
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Target buyers of China botanicals & acupuncture market databook
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Our clientele includes a mix of botanicals & acupuncture market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the China botanicals & acupuncture market, including forecasts for subscribers. This country databook contains high-level insights into China botanicals & acupuncture market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
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China botanicals acupuncture market size, by intervention scope, 2016-2027 (US$M)
China Botanicals & Acupuncture Market Share, 2019 & 2027 (US$M)
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