Global Naturopathy Therapies Market: Overview
- Naturopathy is a natural healing technique using the healing power of nature. Naturopathy is based on principles such as the healing power of nature; identifying and treating the cause; treating the whole person; preferring prevention to cure; and educating the patient. It employs various therapies and diagnostic tools. As long as a therapist follows these naturopathic principles, he can be called a naturopathic therapist. A naturopathic nutritionist recommends an individual diet and possibly supplements. A naturopathic herbalist prescribes herbs specific to a patient’s condition and a naturopathic acupuncturist works out an individual treatment plan for each patient.
- The global naturopathy therapies market is projected to expand at a significant pace during the forecast period, owing to rise in awareness about the advantages of the therapy. Moreover, less side effects compared to allopathy is a factor driving the market.
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Key Driver of Global Naturopathy Therapies Market
- High demand for non-conventional medicinal products to get better results compared to those received from conventional pharmaceutical medicines is a prime factor driving the global naturopathy therapies market. Moreover, rise in prevalence of patients who might not find relief for their chronic condition adopt the naturopathy treatment. The National Center for Complementary and Integrative Health (NCCIH) documented that yoga showed higher efficiency to people who had lower back pain. Practicing yoga not only reduces lower back pain, it also helps in decreasing neck pain, headaches, arthritis, and other conditions.
- Although naturopathy therapies have shown efficiency in treating patients with chronic pain, arthritis, depression, cholesterol, and insomnia, but some of these practices are not approved by the regulatory bodies. So, lack of approved clinical support can hinder the market growth as regulatory bodies from developed regions restrict the usage of these medicines and therapies.
North America Expected to Grow at Significant Pace
- According to the National Center for Complementary and Integrative Health, the U.S., around 38% of adults and 12% of children were found using alternative and complementary health care services such as naturopathy. Common causes of using alternative and complementary health care services in the U.S. are back pain, chest cold, and other abnormalities (joint pain, arthritis, depression, stomach problem, migraine, insomnia, etc.) Furthermore, the NCCIH documented that people in the U.S. spend almost 30% of the expenditure on complementary practitioner visits compared to conventional physician visits.
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Key Players Operating in Global Market
Major therapy providers operating in the global naturopathy therapies market are:
- Vydya LLC
- Nirvana Naturopathy & Retreat Center
- Immanuel Hospital Berlin
- Serenity Natural Health
- Icahn School of Medicine
Global Naturopathy Therapies Market: Research Scope
Global Naturopathy Therapies Market, by Therapy Type
- Massage Therapy
- Botanical Medicine
Global Naturopathy Therapies Market, by Indication
- Chronic Pain
Global Naturopathy Therapies Market, by Region
- North America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- GCC Countries
- South Africa
- Rest of Middle East & Africa
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
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The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.