North America Botanicals & Acupuncture Market Size & Outlook
North America botanicals & acupuncture market, 2016-2027 (US$M)
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North America botanicals & acupuncture market highlights
- The North America botanicals & acupuncture market generated a revenue of USD 8,813.2 million in 2019.
- The 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.
- Country-wise, Canada is expected to register the highest CAGR from 2020 to 2027.
North America data book summary
| Market revenue in 2019 | USD 8,813.2 million |
| Market revenue in 2027 | USD 38,246.1 million |
| Growth rate | 20.1% (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, North America region accounted for 22.6% 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.
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Botanicals & Acupuncture Market Scope
Botanicals & Acupuncture Market Companies
| Name | Profile | # Employees | HQ | Website |
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North 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 72.81% in 2019. Horizon Databook has segmented the North America botanicals & acupuncture market based on botanicals, acupuncture covering the revenue growth of each sub-segment from 2016 to 2027.
North America is one of the potential markets for alternative medicine as it is witnessing a significant upswing in the herbal medicine consumption. Rising demand for holistic medicine-based therapies across the region, including the acupuncture therapies is set to create a profitable environment for new entrants.
Rising preference towards therapies having ability to cure the patient not juts based on physical symptoms but altogether is further propelling the penetration of acupuncture in this region.
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Target buyers of North America 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 continent-level data and insights on the North America botanicals & acupuncture market, including forecasts for subscribers. This continent databook contains high-level insights into North America botanicals & acupuncture market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
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North America botanicals acupuncture market size, by country, 2016-2027 (US$M)
North America Botanicals & Acupuncture Market Share, 2019 & 2027 (US$M)
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