India Ayurveda Market Performance and Forecast to 2027

Overview

Executive Summary

Key Highlights Covered:

• The Ayurvedic treatment over Conventional treatment is gaining much more acceptance after the virus outbreak that affected lives of people worldwide. In order to stay healthy with strong immunity, many Ayurvedic solutions which can be easily practiced at homes and medicines of other origin are  gaining popularity; for instance, Ayush Kwath and Arsenicum album 30 are some of the popular solutions widely prescribed by the country’s Ministry of AYUSH.
• The surge in Covid cases have also boosted demand for herbal based products like herbal masks, herbal hand wash, herbal sanitizers, herbal soaps, and various other ‘immunity –boosting’ nutraceuticals. With evident to the growing market of Ayurveda , ayurvedic products have witnessed double digit growth in 2020.                                  
• From last two decades there is a rise in export of herbs and value added extracts of medicinal herbs with the prevenance of Ayurveda in India.
• India Ayurveda market demand is growing with rising awareness and after the virus outbreak has shown a positive growth in domestic and international demand. The Indian Ayurvedic product market exhibited double-digit growth during 2016-2020 at a CAGR of 17.35% during 2016-2020. 

Scope of the Study
Report titled “India Ayurveda Market Performance and Forecast to 2027” delivers a holistic perspective of market covering both products and services. The report entails past performance of Ayurveda in the country to dig deep in the present scenario and takes the reader to the future performance of the industry based on various industrial and macro economic parameters. The report also decodes impact of COVID-19 over market and key player’s performance. An overview of Medical tourism has been covered to highlight the vast scope country offers for future growth.
The study comprises of EPTD analysis that helps to gain insights on country’s economic situation, its political presence, technological improvements and demographic state. These factors plays a key role in assessing the Ayurveda market demand. Industry developments and Driving forces have also been discussed and these factors are also considered while assessing market performance. It is imperative to understand the future expected performance of the industry, which has been detailed considering macro economy and industry factors.

Key Questions Answered

• What is the demand prospect of Ayurveda in India from domestic and international markets by studying chronic ailments and medical tourism market?
• What are the major driving forces that helped the industry to grow in past and impact over future performance.
• How market is positioned for Ayurvedic products/medicines and ayurvedic services?
• What is the impact of novel coronavirus over the Indian Ayurveda market in terms of players performance, regulatory changes and awareness.
• The report discuss how the future of the industry is shaping up and what all factors will drive the change?
• To analyse the latest trend & major challenges  and to gain deeper perspective on the development of the market.