DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/2brflr/alternative) has announced the addition of the "Alternative Healthcare Market Report 2013" report to their offering.
This Market Update examines the alternative healthcare market in the UK. The market size only covers herbal remedies, homeopathic remedies and aromatherapy products only, although some popular alternative treatments such as acupuncture, aromatherapy, chiropractic, herbal medicine, homeopathy, osteopathy and reflexology are also discussed in this report.
In the UK, alternative healthcare (including products and treatments) are mainly provided by the private sector. The National Health Service (NHS) offers a number of alternative medicines and treatments, including homeopathy, acupuncture, osteopathy and chiropractic therapies; although, alternative treatments on the NHS have become increasingly difficult to access since the economic downturn.
The market for alternative remedies and treatments has benefited from a growing trend for self-medication, with non-prescription medicines becoming readily available over-the-counter (OTC). Common health complaints, including stress and insomnia, have helped to sustain the demand for herbal medicines and homeopathic remedies, while the UK's rapidly ageing population has also helped to support the market, as older people are more likely to suffer from ailments that are often the target of alternative health products and treatments.
The total market for herbal and homeopathic remedies and aromatherapy oils grew by 1.5% in 2012, after the market fell year-on-year between 2008 and 2011. The herbal remedies sector was the largest of three, accounting for approximately 65% of the total sales in 2012. The homeopathic remedies was the second-largest sector, accounting 20.7% of the total in the same year. The remaining 14.4% was made up by aromatherapy oils.
The authors forecast that retail sales of herbal and homeopathic remedies and aromatherapy oils will grow by 1.4% and 1.9%, respectively, in 2013 and 2014. Growth will be driven by gradual economic recovery, which is expected to restore consumer confidence and boost spending on alternative healthcare products.
- A Nelson and Co Ltd
- Holland and Barrett Retail Ltd
- Neal's Yard (Natural Remedies) Ltd
- Schwabe Pharma (UK) Ltd
- Seven Seas Ltd
For more information visit http://www.researchandmarkets.com/research/2brflr/alternative
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