Natural Medicine Market Analysis and Reports | Canada Conference Series

Market Analysis - Natural Medicine-2018

 

Conference Series is a renowned organization that organizes highly notable medical conferences throughout the globe. Conference Series is currently bringing forth "International Conference and Expo on Natural Medicine & Products” (Natural Medicine 2018) slated on September 24-25, 2018 Montreal, Canada.

Conference Series Organizes 3000+ Global Events Every Year across USA, Europe & Asia with support from 1000 more scientific societies and Publishes 700+ Open access Journals which contains over 70000 eminent personalities as editorial board members as reputed scientists and 1200+ Symposiums & Workshops. To know more about the conference series

We invite all the herbalists, alternative and natural medicine practitioners, researchers in the field of Natural & Traditional Medicine, Acupuncturists Phytomedicine, Pharmacognosy, Ayurveda, Naturopathy, people who believe in natural remedies to explore their research, case studies and practitioners of natural medicine. This universal meet suspects many representatives including worldwide keynote addresses and oral presentations by eminent speakers and notice presentations by understudies, Medicinal Practices Exhibitions and delegates all around the globe which will make a stage for worldwide advancement of sheltered and viable common treatments. It gives global systems administration and chances to joint efforts with overall organizations and businesses.

This conference mainly focuses on the latest and exciting innovations in every area of Natural Medicinal Practices research, and it will offer a unique opportunity for investigators from all over the world to meet, network, and perceive new scientific interactions around the theme:"Natural Medicine and Products: Standardizing the efficacy, safety and potency".

Natural Medicine 2018 main motto is to address the challenges in making a Rationalizing the usage and health benefits and health through consolidating the underpinning Natural Medicine Practices research platforms.This conference prepares a ground for seeding new concepts and nurturing knowledge through discussions and analysis on Natural Medicinal Practices developments and its products.

Summary of Natural Medicine 2018:

Natural herbs have been the source of medicinal cures long before recorded history. Over time, people have narrowed down the plants with the desired medicinal properties. Scientists have found that over the same region and even all over the whole world people use similar species of plants for similar medicinal purposes.

The use of medicinal herbs for maintaining health also extends to other areas. Many human cultures across the world have also been utilizing natural ingredients for cosmetic and physical fitness maintenance regimens. The use of herbs for cosmetic certainly predates the use of chemicals. Many cultures around the world adopt their knowledge of medicinal herbs, combined with a mix of cultural beliefs and symbolism, into some of the earliest forms of beauty care.

Herbal medicine works mainly because they contain some chemical ingredients that interact favorably with the human body or immune systems to combat disease. It was only through the advancements of modern scientific method and the disciplines of chemistry and biology did people began to understand what make herbal remedies work. As modern sciences developed, scientists began to study the chemical compositions of traditional herbal medicines. This study, together with modern knowledge of human biology, led to the development of modern pharmaceuticals.

In today’s world of high tech Western medicine, natural medicines have begun a comeback in recent years. In beauty care, the use of herbs and natural, organic substances are also making a huge comeback.

Industry Insights

The global alternative & complementary medicine market was expensed at USD 40.32 billion in 2015. Owing to the increasing backing by the masses, increased mode of traditional therapeutic methods has a capacity for extensive growth in the coming decade. It was predicted that more than 60% of the global population uses some or the other form of traditional medicine as of 2015. Alternative medicine comprises the application of traditional methods of medication such as the usage of herbs and other mind and body repairing techniques that are mostly based on faith and belief. However, most of these techniques have no regulatory approval or clinical evidential backing. Many of the governments and regulatory societies have put up efforts in finding clinical support for the incorporation of alternative therapies to help improve the market and treatment methods.

Complementary & Alternative Medicine Market, by intervention, 2013 - 2025 (USD Billion)

Most of the alternative therapies comprises long term treatment and are mostly used for chronic pains and disorder. Recent times have seen a surge in the number of studios and outlets in the form of start-ups and well-established firms offering dietary herbal supplements and many other accessories needed for treatments and this is a trend that is likely to continue and boost market growth throughout the estimate period.

The alternative medicine market is currently at a state of steady growth in different regions, with some key Asia Pacific economies advancing for the increased usage of these treatments as part of an enhancement to medical tourism for complementary therapies. Market growth hugely depends on the adoption of the traditional medicine around the globe. However, lack of approved clinical support can hinder adoption by regulatory bodies restricting usage in many of the developed regions.

Intervention Insights

Botanicals history for the largest share of revenue generated in 2015 owing to the caset that a large base of population in developed countries use herbal/non-herbal dietary supplements such as vitamins, minerals and other digestive supplements. Various technological advancements are being combined with the traditional medications like acupuncture and magnetic interventions.

Government drives like the AYUSH ministry by India and Canada’s efforts to legalize the alternative medicinal medications are likely to breakthrough the market. Botanical that incorporates Ayurveda had Naturopathy, find compelling demand as dietary supplements and natural products for the treatment of skin diseases and chronic pain. Growth in medical tourism is expected to encourage the usage of complementary & alternative treatments over the forecast period.

Distribution Method Insights

The key component of alternative medicine lies in the delivery of treatment to the individual. Most of alternative & complementary therapies are delivered through direct contact, like in the cases of acupuncture, naturopathy, energy healing and others. This incorporates the application of particular naturopathic therapy on the individual.

Direct contact delivery accounted for the major contribution of market revenue and amounted to over 70% of value. However, this is likely to slightly diminish due to the integration of distant technologies and remote therapy delivering which eliminate the need for physical presence of the customer significantly increasing the reach of the individual therapy provider.

E-training is another significant method of treating patients with alternative medicine and works by different technological mediums like telephonic medication, video therapy and instructional documentation etc. Nowadays, various governments are offering distance courses to improve the exposure of the practitioners to the alternative medicine therapies in an attempt to promote alternative medical tourism.

Complementary & alternative medicine market share, by region, 2015 (%)

 

Report Scope

Attribute

Details

Base year for estimation

2016

Actual estimates/Historical data

2013 - 2016

Forecast period

2017 - 2025

Market representation

Revenue in USD Million and CAGR from 2016 to 2025

Country scope

North America, Europe, Asia Pacific, Latin America, Middle East & Africa

Report coverage

Revenue forecast, company share, competitive landscape, growth factors and trends

15% free customization scope (equivalent to 5 analyst working days)

If you need specific market information, which is not currently within the scope of the report, we will provide it to you as a part of customization


Societies Associated with Natural Medicine:

Major Associations in Canada, Ontario & North America

  • Canadian Integrative Medicine Association (CIMA) 
  • Saskatchewan Association of Naturapathic Practitioners
  • Manitoba Naturopathic Association
  • The Association of Natural Medicine
  • Association for Natural Medicine
  • EBNMP Canada Association
  • Ontario Osteopathic and Alternative Medicine Association
  • British Columbia Naturapathic Association
  • The Therapeutic Touch Network of Ontario
  • Shiatsu Therapy Association of Ontario
  • Healing Touch Association of Canada, Inc
  • Canadian federation of Aroma therapists
  • Natural Health Practitioners of Canada Association
  • The Ontario Herbalist Association
  • Ontario Polarity Therapy Association
  • Trager Canada
  • Reflexology Registration Council of Ontario (RRCO)
  • Canadian Reiki Association
  • International Association of Rubenfeld Synergists
  • Examining Board of Natural Medicine Practitioners
  • Shiatsu Diffusion Society
  • Canadian Examining Board of Health Care Practitioners Inc
  • Shiatsu Therapy Society of Canada
  • World Peace and Natural Health Association
  • Feldenkrais Guild of North America
  • The Iridologists Association of Canada
  • International Organization of Nutritional Consultants
  • Health and Healing Holistic Association
  • Shiatsu Therapists Alliance (Toronto)
  • The Japanese Shiatsu & Holistic Medicine Society of Canada
  • Canadian Hand Reflexology and Holistic Association
  • International Aromatherapists and Tutors Association Canada Inc.
  • International Council of Ayurvedic Physicians Inc.
  • Preventative Health Services Group
  • National Association of Holistic Health Practitioners
  • Ontario Natural Therapists Certification Program (ONTCP)
  • Ontario Osteopathic Medicine Association
  • Reflexology Association of Canada
  • International Association of Thai Massage
  • National Certification Board for Natural Therapies
  • Ontario College of Reflexology
  • Traditional Thai Massage Association of Ontario
  • International Health Qi Gong Federation
  • Canadian Natural Medicine Corporation of Ontario
  • Nova Scotia Association of Naturopathic Doctors (NSAND)
  • Ontario Association of Osteopathy and Natural Medicine
  • American Neuropathic Medical Association
  • American Association of Naturopathic Physicians (AANP)
  • Canadian Holistic Nurses Association
  • Association of Spiritual Doctors and Holistic Healers of Canada
  • Ontario Herbalists Association
  • Aturopathic Medical Student Association (NMSA)
  • California Naturopathic Doctors Association

Major Associations around Asia Pacific

  • Indian Board of Alternative Medicine
  • China Academy of Chinese Medical Sciences
  • Australian Acupuncture and Chinese Medicine Association
  • Australian Traditional Medicine Society
  • Association of Natural Medicines
  • Chinese Society of Plant Biology (CSPB)
  • Crop Science Society of China (CSSC)
  • Genetics Society of China (GSC)
  • Indian Society of Plant Physiology (ISPP)
  • Japanese Society for Plant Cell and Molecular Biology (JSPCMB)
  • Japanese Society of Plant Physiologists (JSPP)

Major Associations around the Globe

  • National Associations for Naturopathic Doctors
  • Australian Acupuncture and Chinese Medicine Association
  • Australian Natural Therapists Association Ltd
  • The Australian Traditional Medicine Society
  • Canadian federation of Aroma therapists
  • Natural Health Practitioners of Canada Association
  • Society of Natural Therapists & Researchers Inc
  • The Ontario Herbalist Association
  • British Herbal Medicine Association
  • American Holistic Medical Association
  • Association of Natural Medicines
  • National Center for Complementary and Alternative Medicine
  • National Ayurvedic Medical Association
  • National Center for Homeopathy
  • China Academy of Chinese Medical Sciences
  • International Association of Classical Homeopathy
  • International Society for Complementary Medicine Research
  • European Herbal and Traditional Medicine Practitioner’s Association
  • European Scientific Cooperative on Phytotherapy 

 

Market Analysis of Natural/Herbal Medicine in Canada

Herbal/traditional products is projected to record a value CAGR of 1% at constant 2016 prices over the forecast period, with sales set to reach JPY392 billion in 2021. Herbal/traditional dietary supplements will remain the most important herbal/traditional products as a result of the growing elderly population and rising awareness of disease prevention.

Market Analysis of Ethnopharmacology

To meet the increasing demand for raw material, to conserve wild resources, and to reduce the potential variability in the active ingredient content in medicinal plants from different collection areas, it is important to implement more controlled cultivation programs to ensure quality and to protect resources. The global market for botanical and plant-derived drugs was valued at $23.2 billion in 2013 and $24.4 billion in 2014. This total market is expected to reach $25.6 billion in 2015 and nearly $35.4 billion in 2020, with a compound annual growth rate (CAGR) of 6.6% from 2015 to 2020.

Market Analysis of Applied Plant Science

The global market for plant science is expected to reach USD 22.1 billion by 2020, growing at an estimated CAGR of 10.3% from 2014 to 2020, according to a new study by Grand View Research, Inc. Plant Science based products dominated the overall market in terms of revenue at 36.4% in 2013 majorly owing to the presence of a relatively larger in University of Marylander of R&D programs. Plant Science based medicinal product segment on the other hand is expected to grow at the fastest CAGR of over 12.0% from 2014 to 2020 due to increasing demand for population based therapeutic solutions and subsequent increase in R&D initiatives.

Market Analysis of Plant Derived Drugs & Industrial Pharmacognosy

The global market for botanical and plant-derived drugs was valued at $23.2 billion in 2013 and $24.4 billion in 2014. This total market is expected to reach $25.6 billion in 2015 and nearly $35.4 billion in 2020, with a compound annual growth rate (CAGR) of 6.6% from 2015 to 2020. 

Global Market Analysis of Traditional Chinese Medicine (TMC)

Traditional Chinese Medicine Hospital industry in China has accelerated its development. From 2012 to 2022, value-added for this industry is expected to increase at annualized rate of 12.8%, higher than China's GDP growth during the same period of about 6.5%.

Global Markets Analysis for Nutraceuticals

A market research report produced in 2012 documented that the globally nutraceuticals market would reach US$250 billion by 2018, characterizing that market as "Dietary Supplements and Functional Foods & Beverages". The global nutraceuticals market should reach $285.0 billion by 2021 from $198.7 billion in 2016 at a compound annual growth rate (CAGR) of 7.5%, from 2016 to 2021.

Global Market Analysis of Natural Skin and Hair care Products:

Organic skincare products dominated the global demand, and the segment generated revenue exceeding USD 3 billion in 2015. Organic hair care products are anticipated to grow at a CAGR of over 9% from 2016 to 2025. The increasing importance of natural ingredients for providing dandruff protection, hair fall control, and shining effect is expected to have a favorable impact on the industry.

Asia-Pacific is expected to witness significant gain over the forecast period. Increasing consumption of cosmetic products in emerging economies such as China and India in light of new product launches along with rising concerns towards aging, UV effects and hair fall will fuel organic personal care industry growth.

Global Markets for Marine-Derived Pharmaceuticals

The global market for marine-derived drugs by type was around $4.8 billion in 2011, which is expected to be around $5.3 billion in 2012. This global market is forecasted to reach $8.6 billion by 2016 at a compound annual growth rate (CAGR) of 12.5% for the five year period of 2011 to 2016.

Funds allotted to Natural Medicine Research:-

Funding’s for Natural Medicine

The