South & Central America Homeopathy Market Forecast to 2030 - Regional Analysis - by Source (Plants, Animals, and Minerals), Type (Dilutions, Tinctures, Biochemics, Ointments, Tablets, and Others), Application (Analgesic and Antipyretic, Respiratory, Neurology, Immunology, Gastroenterology, Dermatology, and Others), and Distribution Channel (Homeopathic Clinics, Retail Pharmacies, E-Retailers, and Others)
The South & Central America homeopathy market was valued at US$ 322.47 million in 2022 and is expected to reach US$ 983.00 million by 2030; it is estimated to grow at a CAGR of 15.0% from 2022 to 2030.
Favorable Regulations in Brazil and Argentina fuel the South & Central America Homeopathy Market
In Brazil, there is widespread use of homeopathy as an alternative medicine. Homeopathy was introduced to Brazil in 1840 by the French homeopathic physician. There are approximately 15,000 homeopathic physicians, specialized pharmacists, veterinarians, and dental surgeons practicing the profession in Brazil. This generally states a brief overview on when homeopathy was introduced in Brazil and the state of art. In 2020, over 50 million Brazilians had treated themselves with homeopathic medications at least once. In Brazil, homeopathy is regulated by Anvisa, which creates rules for the production and prescription by pharmacies, industrialization, and sale of these medications, in an attempt to guarantee their quality. Industrialized homeopathic medications can be found in pharmacies and drugstores and must clearly state the initials MS and a sequence of 8 to 13 numbers which always start with number. In addition, there are a significant number of homeopathic laboratories and pharmacies producing and selling industrialized homeopathic medicines. Boiron, which is the biggest worldwide laboratory of homeopathic medications started selling its products owing to high demand in the country. Thus, abovementioned factors are driving the homeopathy market during the forecast period. In Argentina, homoeopathic remedies are duly accepted by the Ministry of Public Health, owing to which pharmacies and laboratories prepare and sell their medicines under the same controls as those on general remedies. At present there are more than 500 physicians practicing Unified Homoeopathy. Rise in geriatric population, increase in the prevalence of chronic disorders, and rise in the demand for homeopathy medicines are some factors that will aid the growth of homeopathic medicine in Argentina. As per the IDF Diabetes Atlas 2021 reports, 10.5% of the adult population (20–79 years) has diabetes, with almost half unaware of the condition. According to the LIGA MEDICORUM HOMOEOPATHICA INTERNATIONALIS, homeopathy in Argentina is recognized for its well-known tradition and its high academic standards. Homeopathic training in Argentina is guaranteed in high-level courses for medical doctors, dentists, veterinarians and pharmacists by institutions that follow the educational standards suggested by the Liga Medicorum Homoeopathica Internationalis (LMHI). Teachers from Argentinean institutions are frequently requested in different countries of the world because of their level of excellence. This shows that Argentinean homeopathy is still valid since the times of Dr. Tomás Pablo Paschero, who was a well-known President of the LMHI. The Federación de Asociaciones Médicas Homeopáticas Argentinas (FAMHA, or Federation of Argentinean Homeopathic Medical Associations) unites prestigious educational institutions that keep the legacy alive. The FAMHA continues fighting for homeopathy's legal recognition. In that regard, homeopaths are allowed to prescribe homeopathic remedies, but the practice of this therapeutic method has not yet been considered a medical act. Despite being criticized and attacked by conservative groups among the health system, homeopathy in Argentina is appreciated in other health environments and by all the patients who have benefited from this healing methodology.
South & Central America Homeopathy Market Overview
The South & Central America homeopathy market is segmented into Brazil, Argentina, and the Rest of South & Central America. The market is likely to propel during the forecast period owing to the increasing availability and accessibility of homeopathic products and service, the increasing regulatory support by the health authorities ensuring the sale of homeopathic products.
South & Central America Homeopathy Market Revenue and Forecast to 2030 (US$ Million)
South & Central America Homeopathy Market Segmentation
The South & Central America homeopathy market is segmented based on source, type, application, distribution channel, and country. Based on sources, the South & Central America homeopathy market is segmented into plants, animals, and minerals. The plants segment held the largest market share in 2022.
Based on type, the South & Central America homeopathy market is segmented into dilutions, tinctures, biochemics, ointments, tablets, and others. The dilutions segment held the largest market share in 2022.
Based on application, the South & Central America homeopathy market is segmented into analgesic and antipyretic, respiratory, neurology, immunology, gastroenterology, dermatology, and others. The immunology segment held the largest market share in 2022.
Based on distribution channel, the South & Central America homeopathy market is segmented into homeopathic clinics, retail pharmacies, e-retailers, and others. The homeopathic clinics segment held the largest market share in 2022.
Based on country, the South & Central America homeopathy market is segmented into Brazil, Argentina, and the Rest of South & Central America. Brazil dominated the South & Central America homeopathy market share in 2022.
Fourrts, Boiron, Biologische Heilmittel Heel GmbH, DHU-Arzneimittel GmbH & Co. KG, and Dr Reckeweg & Co GmbH are some of the leading players operating in the South & Central America homeopathy market.
1. Introduction
1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. South & Central America Homeopathy Market - Key Industry Dynamics
4.1 Market Drivers
4.1.1 Safety Associated with Homeopathic Products
4.1.2 Rise in Adoption of Homeopathic Medicine
4.2 Market Restraints
4.2.1 Stringent Approach by Regulatory Authorities and Shortage of Homeopathic Facilities & Doctors
4.3 Market Opportunities
4.3.1 Favorable regulations in Brazil and Argentina
4.4 Future Trends
4.4.1 Increasing Demand for Plant-Based Supplements and Launch of Innovative Homeopathic Remedies
4.5 Impact Analysis
5. Homeopathy Market - South & Central America Market Analysis
5.1 Homeopathy Market Revenue (US$ Mn), 2022 – 2030
6. South & Central America Homeopathy Market – Revenue and Forecast to 2030 – by Source
6.1 Overview
6.2 Homeopathy Market Revenue Share, by Source 2022 & 2030 (%)
6.3 Plants
6.3.1 Overview
6.3.2 Plants: Homeopathy Market – Revenue and Forecast to 2030 (US$ Million)
6.4 Animals
6.4.1 Overview
6.4.2 Animals: Homeopathy Market – Revenue and Forecast to 2030 (US$ Million)
6.5 Minerals
6.5.1 Overview
6.5.2 Minerals: Homeopathy Market – Revenue and Forecast to 2030 (US$ Million)
7. South & Central America Homeopathy Market – Revenue and Forecast to 2030 – by Type
7.1 Overview
7.2 Homeopathy Market Revenue Share, by Type 2022 & 2030 (%)
7.3 Dilutions
7.3.1 Overview
7.3.2 Dilutions: Homeopathy Market – Revenue and Forecast to 2030 (US$ Million)
7.4 Tinctures
7.4.1 Overview
7.4.2 Tinctures: Homeopathy Market – Revenue and Forecast to 2030 (US$ Million)
7.5 Biochemics
7.5.1 Overview
7.5.2 Biochemics: Homeopathy Market – Revenue and Forecast to 2030 (US$ Million)
7.6 Ointments
7.6.1 Overview
7.6.2 Ointments: Homeopathy Market – Revenue and Forecast to 2030 (US$ Million)
7.7 Tablets
7.7.1 Overview
7.7.2 Tablets: Homeopathy Market – Revenue and Forecast to 2030 (US$ Million)
7.8 Others
7.8.1 Overview
7.8.2 Others: Homeopathy Market – Revenue and Forecast to 2030 (US$ Million)
8. South & Central America Homeopathy Market – Revenue and Forecast to 2030 – by Application.
8.1 Overview
8.2 Homeopathy Market Revenue Share, by Application 2022 & 2030 (%)
8.3 Analgesic and Antipyretic
8.3.1 Overview
8.3.2 Analgesic and Antipyretic: Homeopathy Market – Revenue and Forecast to 2030 (US$ Million)
8.4 Respiratory
8.4.1 Overview
8.4.2 Respiratory: Homeopathy Market – Revenue and Forecast to 2030 (US$ Million)
8.5 Neurology
8.5.1 Overview
8.5.2 Neurology: Homeopathy Market – Revenue and Forecast to 2030 (US$ Million)
8.6 Immunology
8.6.1 Overview
8.6.2 Immunology: Homeopathy Market – Revenue and Forecast to 2030 (US$ Million)
8.7 Gastroenterology
8.7.1 Overview
8.7.2 Gastroenterology: Homeopathy Market – Revenue and Forecast to 2030 (US$ Million)
8.8 Dermatology
8.8.1 Overview
8.8.2 Dermatology: Homeopathy Market – Revenue and Forecast to 2030 (US$ Million)
8.9 Others
8.9.1 Overview
8.9.2 Others: Homeopathy Market – Revenue and Forecast to 2030 (US$ Million)
9. South & Central America Homeopathy Market – Revenue and Forecast to 2030 – by Distribution Channel
9.1 Overview
9.2 Homeopathy Market Revenue Share, by Distribution Channel 2022 & 2030 (%)
9.3 Homeopathic Clinics
9.3.1 Overview
9.3.2 Homeopathic Clinics: Homeopathy Market – Revenue and Forecast to 2030 (US$ Million)
9.4 Retail Pharmacies
9.4.1 Overview
9.4.2 Retail Pharmacies: Homeopathy Market – Revenue and Forecast to 2030 (US$ Million)
9.5 e-Retailers
9.5.1 Overview
9.5.2 e-Retailers: Homeopathy Market – Revenue and Forecast to 2030 (US$ Million)
9.6 Others
9.6.1 Overview
9.6.2 Others: Homeopathy Market – Revenue and Forecast to 2030 (US$ Million)
10. South & Central America Homeopathy Market – Revenue and Forecast to 2030 – Country Analysis
10.1 South & Central America: Homeopathy Market
10.1.1 Overview
10.1.2 South & Central America: Homeopathy Market Share by Country – 2022 & 2030, (%)
10.1.2.1 Brazil: Homeopathy Market – Revenue and Forecast to 2030 (US$ Million)
10.1.2.1.1 Overview
10.1.2.1.2 Brazil: Homeopathy Market- Revenue and Forecasts to 2030 (US$ Million)
10.1.2.1.3 Brazil: Homeopathy Market, By Source, 2020–2030 (US$ Million)
10.1.2.1.4 Brazil: Homeopathy Market, By Type, 2020–2030 (US$ Million)
10.1.2.1.5 Brazil: Homeopathy Market, By Application, 2020–2030 (US$ Million)
10.1.2.1.6 Brazil: Homeopathy Market, By Distribution Channel, 2020–2030 (US$ Million)
10.1.2.2 Argentina: Homeopathy Market – Revenue and Forecast to 2030 (US$ Million)
10.1.2.2.1 Overview
10.1.2.2.2 Argentina: Homeopathy Market- Revenue and Forecasts to 2030 (US$ Million)
10.1.2.2.3 Argentina: Homeopathy Market, By Source, 2020–2030 (US$ Million)
10.1.2.2.4 Argentina: Homeopathy Market, By Type, 2020–2030 (US$ Million)
10.1.2.2.5 Argentina: Homeopathy Market, By Application, 2020–2030 (US$ Million)
10.1.2.2.6 Argentina: Homeopathy Market, By Distribution Channel, 2020–2030 (US$ Million)
10.1.2.3 Rest of South & Central America: Homeopathy Market – Revenue and Forecast to 2030 (US$ Million)
10.1.2.3.1 Overview
10.1.2.3.2 Rest of South & Central America: Homeopathy Market - Revenue and Forecast to 2030 (US$ Million)
10.1.2.3.3 Rest of South & Central America: Homeopathy Market, By Source, 2020–2030 (US$ Million)
10.1.2.3.4 Rest of South & Central America: Homeopathy Market, By Type, 2020–2030 (US$ Million)
10.1.2.3.5 Rest of South & Central America: Homeopathy Market, By Application, 2020–2030 (US$ Million)
10.1.2.3.6 Rest of South & Central America: Homeopathy Market, By Distribution Channel, 2020–2030 (US$ Million)
11. Homeopathy Market–Industry Landscape
11.1 Overview
11.2 Organic Developments
11.2.1 Overview
11.3 Inorganic Developments
11.3.1 Overview
12. Company Profiles
12.1 Fourrts
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Boiron
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Biologische Heilmittel Heel GmbH
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 DHU-Arzneimittel GmbH & Co. KG
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Dr Reckeweg & Co GmbH
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
13. Appendix
13.1 Appendix
13.2 Glossary of Terms
LIST OF TABLES
Table 1. South & Central America Homeopathy Market Segmentation
Table 2. Brazil: Homeopathy Market, By Source – Revenue and Forecast to 2030 (US$ Million)
Table 3. Brazil: Homeopathy Market, By Type – Revenue and Forecast to 2030 (US$ Million)
Table 4. Brazil: Homeopathy Market, By Application – Revenue and Forecast to 2030 (US$ Million)
Table 5. Brazil: Homeopathy Market, By Distribution Channel – Revenue and Forecast to 2030 (US$ Million)
Table 6. Argentina: Homeopathy Market, By Source – Revenue and Forecast to 2030 (US$ Million)
Table 7. Argentina: Homeopathy Market, By Type – Revenue and Forecast to 2030 (US$ Million)
Table 8. Argentina: Homeopathy Market, By Application – Revenue and Forecast to 2030 (US$ Million)
Table 9. Argentina: Homeopathy Market, By Distribution Channel – Revenue and Forecast to 2030 (US$ Million)
Table 10. Rest of South & Central America: Homeopathy Market, By Source – Revenue and Forecast to 2030 (US$ Million)
Table 11. Rest of South & Central America: Homeopathy Market, By Type – Revenue and Forecast to 2030 (US$ Million)
Table 12. Rest of South & Central America: Homeopathy Market, By Application – Revenue and Forecast to 2030 (US$ Million)
Table 13. Rest of South & Central America: Homeopathy Market, By Distribution Channel – Revenue and Forecast to 2030 (US$ Million)
Table 14. Organic Developments Done by Companies
Table 15. Inorganic Developments Done by Companies
Table 16. Glossary of Terms
LIST OF FIGURES
Figure 1. South & Central America Homeopathy Market Segmentation, By Country
Figure 2. South & Central America Homeopathy Market: Key Industry Dynamics
Figure 3. South & Central America Homeopathy Market: Impact Analysis of Drivers and Restraints
Figure 4. South & Central America Homeopathy Market Revenue (US$ Mn), 2022 – 2030
Figure 5. South & Central America Homeopathy Market Revenue Share, by Source 2022 & 2030 (%)
Figure 6. Plants: Homeopathy Market – Revenue and Forecast to 2030 (US$ Million)
Figure 7. Animals: Homeopathy Market – Revenue and Forecast to 2030 (US$ Million)
Figure 8. Minerals: Homeopathy Market – Revenue and Forecast to 2030 (US$ Million)
Figure 9. Homeopathy Market Revenue Share, by Type 2022 & 2030 (%)
Figure 10. Dilutions: Homeopathy Market – Revenue and Forecast to 2030 (US$ Million)
Figure 11. Tinctures: Homeopathy Market – Revenue and Forecast to 2030 (US$ Million)
Figure 12. Biochemics: Homeopathy Market – Revenue and Forecast to 2030 (US$ Million)
Figure 13. Ointments: Homeopathy Market – Revenue and Forecast to 2030 (US$ Million)
Figure 14. Tablets: Homeopathy Market – Revenue and Forecast to 2030 (US$ Million)
Figure 15. Others: Homeopathy Market – Revenue and Forecast to 2030 (US$ Million)
Figure 16. South & Central America Homeopathy Market Revenue Share, by Application 2022 & 2030 (%)
Figure 17. Analgesic and Antipyretic: Homeopathy Market – Revenue and Forecast to 2030 (US$ Million)
Figure 18. Respiratory: Homeopathy Market – Revenue and Forecast to 2030 (US$ Million)
Figure 19. Neurology: Homeopathy Market – Revenue and Forecast to 2030 (US$ Million)
Figure 20. Immunology: Homeopathy Market – Revenue and Forecast to 2030 (US$ Million)
Figure 21. Gastroenterology: Homeopathy Market – Revenue and Forecast to 2030 (US$ Million)
Figure 22. Dermatology: Homeopathy Market – Revenue and Forecast to 2030 (US$ Million)
Figure 23. Others: Homeopathy Market – Revenue and Forecast to 2030 (US$ Million)
Figure 24. South & Central America Homeopathy Market Revenue Share, by Distribution Channel 2022 & 2030 (%)
Figure 25. Homeopathic Clinics: Homeopathy Market – Revenue and Forecast to 2030 (US$ Million)
Figure 26. Retail Pharmacies: Homeopathy Market – Revenue and Forecast to 2030 (US$ Million)
Figure 27. e-Retailers: Homeopathy Market – Revenue and Forecast to 2030 (US$ Million)
Figure 28. Others: Homeopathy Market – Revenue and Forecast to 2030 (US$ Million)
Figure 29. South & Central America: Homeopathy Market, By Key Country – Revenue (2022) (US$ Million)
Figure 30. South & Central America: Homeopathy Market Share by Country – 2022 & 2030, (%)
Figure 31. Brazil: Homeopathy Market- Revenue and Forecasts to 2030 (US$ Million)
Figure 32. Argentina: Homeopathy Market- Revenue and Forecasts to 2030 (US$ Million)
Figure 33. Rest of South & Central America: Homeopathy Market - Revenue and Forecast to 2030 (US$ Million)
- Biologische Heilmittel Heel GmbH
- Boiron
- DHU-Arzneimittel GmbH & Co. KG
- Dr Reckeweg & Co GmbH
- Fourrts
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the South & Central America homeopathy market.
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the South & Central America homeopathy market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth South & Central America market trends and outlook coupled with the factors driving the South & Central America homeopathy market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution