July 10 - 12, 2023
Rome, Italy
With the huge success of the “Medicinal plants Conference 2022”, we are happy again to welcome you all to the “5th International Conference on Alternative Medicine & Medicinal Plants” (Medicinal Plants Conferences 2023) which is happening in Rome, Italy from July 10 - 12, 2023. We are delighted to inform you the theme of the Medicinal Plants Conferences 2023 is “Exploration of Advancements Amplifying Exemplary Properties of Alternative Medicine and Medicinal Plants”. We are elated to inform you that the Medicinal Plants Conferences 2023 will have Interesting Oral Presentations, Eye-awakening Poster Presentations, Informative Keynote Presentations, Exhibitions, Symposiums, and more.
We are very glad to welcome all the participants from various countries who are interested in taking part in the Medicinal Plants Conferences 2023. We are sure that at the end of the Medicinal Plants Conferences 2023, all of us would be gathering an immense amount of information in regard to the topic “Medicinal Plants”.
We are pleased to welcome all the Students, Professors, Deans, Directors, CEO, Scientists, Herbalists, Acupuncture Practitioners, Ayurvedic Practitioners, Homeopathic Specialists, Oriental Medicine or Chinese Medicine Practitioners, Chiropractors, Orthopedic Specialists, Massage Therapists, Physical Therapists, Nutritionists, Dietitians, Mind – Body Trainers, Traditional Chinese Medicine Specialists, Siddha Doctors and Practitioners, Unani Doctors and Practitioners, Psychotherapists, Aromatherapists, Aromachologists, Balneotherapists, Hypnotherapists, Anthroposophic Physicians and Specialists and Pharmacology Doctors and Specialists to join us at the Medicinal Plants Conferences 2023.
Herbal medications are a type of dietary supplement made from various plant extricates like leaves, bark, seeds, berries, and roots, and the market for them is expected to grow at a CAGR of 7.2% between 2017 and 2023. Ethnomedicine is the name given to a common set of medical services that focus on the well-being of natural people.
The discovery of particular plants, animals, and minerals with therapeutic and reassuring properties was passed down from one generation to the next through striking experimentation conducted over a significant amount of time. Ethnomedicine is the foundation for all other forms of medicine, like Ayurveda, Siddha, Unani, natural medicine, and even modern pharmaceuticals.
The growing interest in alternative medicines and medicinal plants contributed to the expansion of the alternative healthcare providers market worldwide. People's increasing willingness to experiment with alternative medicines and medicinal plants has led to a growing preference for them.
Some examples of alternative medicines and medicinal plants include yoga, Ayurveda, homeopathy, acupuncture, and Ayurveda medicines. The increasing use of various natural wellness and supplement medicines is likely to drive the global alternative healthcare and medicinal plants provider market. In addition, favorable government initiatives in some nations, particularly in Asia-Pacific, are anticipated to provide significant growth opportunities for the global market for alternative healthcare providers and medicinal plants during the review period.
The practice of complementary medicine, alternative medicine encompasses numerous medical subspecialties. Also, it's possible that parts of one field will overlap with parts of another field. A good example is acupuncture, which is used in both traditional and alternative medicine. The terms "alternative medicine" and "alternative therapies" are used interchangeably in the medical field. They are rarely referred to as complementary or integrative medicine. To cope with and feel better from illnesses like cancer, many people turn to alternative treatments. In this kind of treatment, how you deal with the disease depends a lot on how you feel.
MARKET FOR ALTERNATIVE HEALTHCARE PROVIDERS IN THE WORLD:
The North American, European, Latin American, Middle Eastern, and African, as well as Asia Pacific, regions that are frequently mentioned in the global market for alternative healthcare providers and medicinal plants providers are important. Over the forecast period, it is anticipated that North America will hold majority of the global market for alternative healthcare providers and medicinal plants providers. The growing awareness and belief in alternative medicines and medicinal plants throughout the region accounts for the region's dominance. The market for alternative healthcare providers and medicinal plants providers in North America is also likely to be significantly impacted by rising rates of various chronic diseases like diabetes, hypertension, and cancer.
In contrast, Asia-Pacific is likely to emerge as a rapidly expanding market during the evaluation period. The Asia-Pacific region is where many alternative therapies like yoga, and Ayurveda originated. Many people are opting for yoga, ayurvedic, and acupuncture sessions during Asia-Pacific tourism. The Asia-Pacific market for alternative healthcare providers and medicinal plants provideers is expected to benefit from tourism growth.
According to a report published on September 2022, it is mentioned that the market size of the global medicinal plants extract is averaged to be valued at USD 34.4 billion in 2022 and is aimed to reach USD 61.5 billion by 2027 setting down a CAGR of 12.3% with regard to the value. In recent times, the modern population is getting even more health responsive leading to an increase in the market of alternative medicine , alternative therapies and medicinal plants since more population started developing belief and trust in natural products and medicinal plants.
From USD 87,085.16 million in 2021, the global alternative and complementary medicine market is expected to grow at a CAGR of 12.11 percent between now and 2027.
The years 2019 and 2020 are regarded as historical, 2021 as the base year, 2022 as the estimated year, and 2023 to 2027 as the forecast period.
MARKET FOR ALTERNATIVE HEALTHCARE PROVIDERS IN DIFFERENT CONTINENTS:
The size of the alternative medicine, complementary medicine and medicinal plants market in the Americas, which includes Argentina, Brazil, Canada, Mexico, California, Florida, Illinois, Massachusetts, New York, Ohio, Pennsylvania, and Texas, was estimated to be USD 28,102.38 million in 2021. By 2022, it is expected to reach USD 30,885.41 million, growing at a CAGR of 11.57 percent to reach USD 54,231.41 million by 2027.
Australia, China, India, Indonesia, Japan, Malaysia, the Philippines, Singapore, South Korea, Taiwan, and Thailand make up the Asia-Pacific Alternative Medicine, Complementary Medicine and Medicinal Plants Market, which was valued at USD 25,485.47 million in 2021 and is projected to reach USD 28,800.00 million in 2022, growing at a CAGR of 12.60 percent to reach USD 51,953.85 million by 2027.
The Alternative Medicine, Complementary Medicine and Medicinal Plants Market in Europe, the Middle East, and Africa, which includes Spain, the United Arab Emirates, France, Germany, Italy, the Netherlands, Qatar, Russia, Saudi Arabia, South Africa, and the United Kingdom, was estimated to be worth USD 33,497.31 million in 2021. By 2022, it was expected to be worth USD 37,423.25 million, growing at a CAGR of 12.18 percent to reach USD 66,776.69 million by 2027.
At a CAGR of 16.5% between 2022 and 2028, the Alternative Medicine, Complementary Medicine and Medicinal Plants market is expected to reach USD 290750 million by 2028, up from USD 97810 million in 2021.
MARKET FOR ALTERNATIVE HEALTHCARE PROVIDERS IN DIFFERENT COUNTRIES:
Gujarat is seeing quick development interests in ayurvedic drug production. According to data from the Gujarat state Food and Drugs Control Administration, 126 companies were granted licenses to manufacture ayurvedic formulations during the pandemic years 2020 and 2021.
India is currently one of the world's top exporters of alternative medicines and medicinal plants. The good news is that the Indian government is also lending a hand to the sector by investing in AYUSH-related scientific research and encouraging the creation of the necessary infrastructure and regulatory framework for the alternative medicine sector and medicinal plants sector.
GOVERNMENT INITIATIVES IN PROMOTING THE MEDICINAL PLANT EXTRACT MARKET
The government of various countries is trying to make people understand and realize the importance of Medicinal Plants in the form of Medicinal plants conferences 2023, presentations, awareness program, etc. As a result of this effort, in present times many manufacturers are looking to sell various medicinal plant extracts in all the formats applicable and are currently now investing in R&D. In the year 2021, The Ministry of AYUSH, Government of India, accomplished a scheme supporting market-oriented farming of precedencing medicinal plants in a defined sector/area. The Ministry of AYUSH is providing support to the farmers by cultivating medicinal plants in a farmer’s land with the support of providing subsidies for 140 medicinal plants at the rate of 30%, 50%, and 75% of the cost of its cultivation, in regard to the availability and status of the market as per the guidelines in which the scheme operates.
METRICS:
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