Report Code: A12657 | Nov 2023 | Pages: NA | ||
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Homeopathic Remedies Market
Request Now !Homeopathy is an alternative medication therapy that works on the principle that a substance that is known to cause usual side effects and symptoms when administered into a healthy individual may also cure same symptoms in other sick patients. The whole process involves giving a homeopathic substance to a healthy patient and recording unusual alterations from normal metabolic activities. A substance is added into the list of homeopathic remedies through a process known as “potentization.” It involves repeated dilutions and succussions into the water. Among the most common diseases for which homeopathy is sought include asthma, arthritis, cardiovascular and heart disorders, high blood pressure, and hay fever.
Based on end user, over-the-counter (OTC) and retail pharmacy homeopathic products are easily available especially as part of treatment of common cold and flu. Famous homeopathic products are those which are made with the help of plants such as arnica and chamomile as well as minerals such as mercury and sulfur. Depending on product, homeopathic remedies come in the form of tablets, skin ointments, and oral dilutions. Among dilution-based homeopathic remedies available in the Indian market, ashwagandha and ginseng tonic have gained high traction.
COVID-19 Impact Analysis
Pharmaceutical and biotech companies together with governments around the globe are working to address the COVID-19 outbreak, from supporting the development of vaccines to planning for medicine supply chain challenges. Currently, around 115 vaccine candidates and 155 molecules are in the R&D pipeline. Moreover, commonly used drugs such as hydroxychloroquine have witnessed a dramatic surge in demand for the management of COVID-19. Such high demand for these drugs has presented huge opportunities for manufacturers of COVID-19 management drugs, as many developed countries are facing shortage of these drugs. Thus, the pharmaceutical and biotechnology industries are expected to witness a significant growth in the future, owing to the demand for vaccine and treatment drugs for COVID-19. This, in turn, is expected to have a significant impact on the homeopathic remedies market.
Top Impacting Factors
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Questions Answered in the Homeopathic Remedies Report
Homeopathic Remedies Market Report Highlights
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Key Market Players | Schwabe Group, Helios Homeopathy, Arogya, Hyland’s Homeopathic, Lord’S Homeopathic Laboratory (P) Ltd., Hahnemann Laboratories, Bakson, Bioforce, BioIndia Pharma, Rxhomeo |
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