From GlobeNewswire.: 2024-04-03 11:30:00

The botanicals and acupuncture market has seen exponential growth, reaching $75.88 billion in 2023, projected to hit $92.36 billion in 2024, with a CAGR of 21.7%. Factors such as natural therapies, increased orthocases, and an aging population are driving this growth.

Expected to reach $197.08 billion by 2028, the market surge is fueled by growing surgical volume, sports injuries, and increased accidents. Notable trends include integrating traditional practices in healthcare and innovation in acupuncture techniques, showcasing ample opportunities for growth and development.

E-commerce is revolutionizing the market, with projections showing a 12.6% annual growth in UK e-commerce sales by 2025. Major players like Archer Daniels Midland and Nu Skin Enterprises focus on drug development to create evidence-based products, driving further market expansion and innovation.

Europe dominated the market in 2023, with Asia-Pacific expected to be the fastest-growing region. Market segmentation includes interventions like botanicals and acupuncture, applications, and distribution methods, offering insights into the diverse landscape of the industry.

Through strategic acquisitions and innovative product development, the botanicals and acupuncture market continues to evolve and reshape, with e-commerce playing a vital role in driving accessibility and engagement. With the market poised for further expansion, stakeholders worldwide can leverage numerous growth opportunities in this dynamic sector.



Read more at GlobeNewswire.: Botanicals And Acupuncture Market Witnesses Remarkable