Latin America Botanicals & Acupuncture Market Size & Outlook
Latin America botanicals & acupuncture market, 2016-2027 (US$M)
Related Markets
Latin America botanicals & acupuncture market highlights
- The Latin America botanicals & acupuncture market generated a revenue of USD 2,133.7 million in 2019.
- The market is expected to grow at a CAGR of 20.9% 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.
- Country-wise, Mexico is expected to register the highest CAGR from 2020 to 2027.
Latin America data book summary
| Market revenue in 2019 | USD 2,133.7 million |
| Market revenue in 2027 | USD 9,765.8 million |
| Growth rate | 20.9% (CAGR from 2019 to 2027) |
| Largest segment | Botanicals |
| Fastest growing segment | Acupuncture |
| Historical data covered | 2016 - 2018 |
| Base year for estimation | 2019 |
| Forecast period covered | 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, Latin America region accounted for 5.5% of the global botanicals & acupuncture market in 2019.
- Globally, Europe is projected to lead the regional market in terms of revenue in 2027.
- MEA is the fastest growing regional market and is projected to reach USD 16,721.9 million by 2027.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Botanicals & Acupuncture Market Scope
Botanicals & Acupuncture Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Latin America 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 76.6% in 2019. Horizon Databook has segmented the Latin America botanicals & acupuncture market based on botanicals, acupuncture covering the revenue growth of each sub-segment from 2016 to 2027.
Latin America is expected to exhibit lucrative growth as people are transitioning from costly conventional therapeutics to alternative medical interventions, like herbal medicines. Different policies have been implemented for integration of modern and traditional medicine, offering lucrative opportunities to the local as well as international market players looking to invest in the region.
In addition, robust medical tourism across Latin American countries is expected to aid growth.
Reasons to subscribe to Latin America botanicals & acupuncture market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Latin America botanicals & acupuncture market databook
-
Our clientele includes a mix of botanicals & acupuncture market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
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 continent-level data and insights on the Latin America botanicals & acupuncture market, including forecasts for subscribers. This continent databook contains high-level insights into Latin America botanicals & acupuncture market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
Partial client list
Latin America botanicals acupuncture market size, by country, 2016-2027 (US$M)
Latin America Botanicals & Acupuncture Market Share, 2019 & 2027 (US$M)
Related industry reports
Related regional statistics
No records
No related regions found.
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
