The aging population and struggling US economy have fostered mounting interest in homeopathic healing methods. This trend has spurred growth in the Homeopaths industry, with double-digit sales growth in recent years. Although significant concerns continue to exist about the legitimacy and efficacy of homeopathy 200 years after its development, a slowly growing percentage of the population is turning to industry providers for healthcare. During the five years to 2012, IBISWorld estimates that the percentage of the US adult population that uses homeopathy has increased. In the five years to 2017, the industry will continue to grow thanks to these trends, coupled with rising per capita disposable income.
This industry includes independent practitioners who practice alternative medicine that aims to stimulate the body's innate healing processes by administrating dilutions of specific remedies. The principle of similars, a central homeopathic principle, states that a substance that produces similar symptoms in healthy people can cure a disease. This industry includes solely practitioners who self-identify as homeopaths or whose primary business activity is homeopathy.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.