Spain Botanicals & Acupuncture Market Size & Outlook
Spain botanicals & acupuncture market, 2016-2027 (US$M)
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Spain botanicals & acupuncture market highlights
- The Spain botanicals & acupuncture market generated a revenue of USD 948.8 million in 2019 and is expected to reach USD 2,176.7 million by 2027.
- The Spain market is expected to grow at a CAGR of 10.9% 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.
Botanicals & acupuncture market data book summary
| Market revenue in 2019 | USD 948.8 million |
| Market revenue in 2027 | USD 2,176.7 million |
| Growth rate | 10.9% (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, Spain accounted for 2.4% 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 Europe, Germany botanicals & acupuncture market is projected to lead the regional market in terms of revenue in 2027.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 10,821.2 million by 2027.
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Botanicals & Acupuncture Market Scope
Botanicals & Acupuncture Market Companies
| Name | Profile | # Employees | HQ | Website |
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Spain 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 74.47% in 2019. Horizon Databook has segmented the Spain botanicals & acupuncture market based on botanicals, acupuncture covering the revenue growth of each sub-segment from 2016 to 2027.
The adoption of complementary and alternative medicine is increasing in Spain. The Spanish General Medical Council supports use of homeopathic remedies, acupuncture-based therapies, and naturopathic medicine.
In addition, growing preference for complementary & alternative therapies including, acupuncture, and natural remedies has been witnessed in the country.
Moreover, presence of professional organizations in Spain, such as Spanish Medical Homeopathy Federation (FEMH), Spanish Medical Acupuncture Society (SAME), and Spanish Medical Naturist Association (AEMH), is expected to boost market growth.
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Target buyers of Spain 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 Spain botanicals & acupuncture market, including forecasts for subscribers. This country databook contains high-level insights into Spain botanicals & acupuncture market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
Partial client list
Spain botanicals acupuncture market size, by intervention scope, 2016-2027 (US$M)
Spain Botanicals & Acupuncture Market Share, 2019 & 2027 (US$M)
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