Homeopathic Veterinary Medicines Market: Rise in awareness about homeopathic veterinary in the world is expected to drive the market
Homeopathic Veterinary Medicines Market: Overview
Homeopathy refers to a discipline of medicine that has been introduced by German physician, Samuel Hahnemann. In the year 1813, Hahnemann at first published his theory on the usage of homeopathy in various animals. This usage has been similar to the usage of homeopathy in human beings. Homeopathy focuses on the principle of ‘like cures like’. In accordance to the principle, the substance that creates diseases or symptoms in a healthy person can be utilized so as to treat similar diseases or symptoms in patients. The term ‘Remedies’ are referred to those substances that are diluted to a minute level and it assists in the recovery of the patient rather than making the condition worse. Veterinary homeopathy has gained momentum and popularity in the later half of the 20th century. And since that time, veterinary physicians are treating common animal diseases with homeopathy across the globe.
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Considering the international vendor landscape, the world market for homeopathic veterinary medicines can be considered as moderately fragmented and the market players focus on strategically important partnerships, collaborations, mergers, and acquisitions.
Homeopathic Veterinary Medicines Market: Trends and Opportunities
Improvements in the standard of living and growing power of disbursing have resulted in the rise of the number of companion animals across the world. Furthermore, high demand for various food items like meat, milk, and various other animal-derived products such as proteins, plasma, and leather and it is very likely to augment the number of cattle such as ships, goats, and cows across the world. It is expected that the demand for organic remedies is likely to augment the adoption and consumption of homeopathic veterinary medicines in the years to come, because these medicines are extracted from various natural sources like minerals, animals, and plants. As such we see the increasing number of veterinary homeopaths across the globe and it is expected to spread the awareness about homeopathic veterinary in the world. In turn, this is expected to fuel the international market for homeopathic veterinary medicines over the period of forecast that extends from the year 2017 to the year 2025. There has been resistance from various other disciplines of medicine regarding the usage of homeopathy in animals, owing to the absence of concrete evidence. This element is forecasted to limit the said market over the period of forecast.
The international market for homeopathic veterinary medicines could be divided on the basis of source of origin, distribution channel, type of animal, and region.
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Homeopathic Veterinary Medicines Market: Geography
Taking regional segmentations into consideration, the world market for homeopathic veterinary medicines has been categorized into Middle East & Africa, North America, Latin America, Europe, and Asia Pacific. The region of Europe is projected to lead the world market for homeopathic veterinary medicines over the timeframe of forecast owing to rapid and high adoption of homeopathy and well-established network of distribution in the said region. North America is projected to account for a leading share of the international market in the forthcoming years. The said market in the region is expected to experience robust growth over the forecast period that extends from the year 2017 to the year 2025. The rising number of companion animals and cattle in Asia Pacific is projected to fuel the said market in the region over the forecast period.
Homeopathic Veterinary Medicines Market: Company Profiling
Major market participants that are operating in the world market for homeopathic veterinary medicines include names like Dorwest Herbs Ltd., OVEJERO, Helios Homeopathy Ltd., Freemans Homeopathy Pharmacy, Ainsworth Ltd., Verm-X, Omida AG, Guna S.p.A., SBL Pvt. Ltd., VECOL, and animalEO are some of the prominent names that adorn the said market. These leading companies are expected to focus on strengthening their presence across various geographical through various growth promoting strategies like acquisitions, partnerships and collaborations, and product diversification.
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For the purpose of this study, the market has been segmented as follows:
- Global Homeopathic Veterinary Medicines Market, by Source of Origin
- Global Homeopathic Veterinary Medicines Market, by Type of Animal
- Global Homeopathic Veterinary Medicines Market, by Distribution Channel
- Retail Pharmacies
- Veterinary Clinics
- Online Pharmacies
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