Industry Statistics and Trends
Market size and recent performance (2014-2029)
Industry revenue has grown at a CAGR of 1.1 % over the past five years, to reach an estimated $288.5m in 2024.
Trends and Insights
Other alternative medicines gain traction faster than homeopaths
- Public interest in complementary and alternative medicine (CAM) has grown recently. While mainstream options like chiropractic care and yoga have been at the forefront of this trend, homeopaths have also benefited.
- Additional trends and insights available with purchase
Source: IBISWorld
Industry outlook (2024-2029)
Market size is projected to grow over the next five years.
Trends and Insights
A more stringent regulatory environment could raise skepticism
- The US Food and Drug Administration tightened rules surrounding how unauthorized homeopathic products are sold and used in 2023. Regulatory scrutiny surrounding homeopathic treatments raises questions about the efficacy and safety of the practice moving forward.
Biggest companies in the Homeopaths in the US
There are no companies that hold a large enough market share in the Homeopaths in the US industry for IBISWorld to include in this product.
Products & Services Segmentation
Source: IBISWorld
Industry revenue is measured across several distinct product and services lines, including Treatment for respiratory illnesses, Treatment for musculoskeletal conditions and Treatment for sleep disorders. Treatment for respiratory illnesses is the largest segment of the Homeopaths in the US.
Trends and Insights
Pandemic raises interest in homeopathic treatment for respiratory conditions
- Respiratory conditions, like the common cold, asthma and the flu, are the most common conditions for which clients seek homeopathic treatment.
- More insights available in the full report
Table of Contents
About this industry
Industry definition
Homeopaths specialize in a form of alternative medicine, homeopathy. Practitioners operate private or group practices in their own offices or the facilities of others, like medical centers or patient homes.
What's included in this industry?
Providing homeopathic treatment for respiratory conditionsProviding homeopathic treatment for musculoskeletal conditionsProviding homeopathic treatment for sleep disordersProviding homeopathic treatment for gastrointestinal disordersProviding homeopathic treatments to improve mental healthProviding homeopathic treatment to alleviate headaches and migrainesCompanies
Purchase this report to view all major companies in this industry.
Related Terms
COMPLEMENTARY AND ALTERNATIVE MEDICINE (CAM)CONVENTIONAL CAREHOMEOPATHYIndustry Code
NAICS 621399 - Homeopaths in the US
Performance
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Analyst insights
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In this chapter (4)
- Current Performance
- Outlook
- Volatility
- Life Cycle
Key metrics
- Annual Revenue, Recent Growth, Forecast, Revenue Volatility
- Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
- Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
- Total Profit, Profit Margin, Profit per Business
Charts
- Revenue, including historical (2014-2023) and forecast (2024-2029)
- Employees, including historical (2014-2023) and forecast (2024-2029)
- Businesses, including historical (2014-2023) and forecast (2024-2029)
- Profit, including historical (2014-2024)
- Industry Volatility vs. Revenue Growth
- Industry Life Cycle
Detailed analysis
- Trends in supply, demand and current events that are driving current industry performance
- Expected trends, economic factors and ongoing events that drive the industry's outlook
- Factors that influence volatility in the industry
- Key success factors for businesses to overcome volatility
Products and Markets
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Analyst insight
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In this chapter
- Products & Services
- Major Markets
Key metrics
- Largest market segment and value in 2024
- Product innovation level
Charts
- Products & services segmentation in 2024
- Major market segmentation in 2024
Detailed analysis
- Trends impacting the recent performance of the industry's various segments
- Innovations in the industry's product or service offering, specialization or delivery method
- Key factors that successful businesses consider in their offerings
- Buying segments and key trends influencing demand for industry products and services
Geographic Breakdown
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Analyst insights
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In this chapter (1)
- Business Locations
Charts
- Share of revenue, establishment, wages and employment in each state
- Share of population compared to establishments in each region in 2024
Tables
- Number and share of establishments in each state in 2024
- Number and share of revenue each state accounts for in 2024
- Number and share of wages each state accounts for in 2024
- Number and share of employees in each state in 2024
Detailed analysis
- Key success factors for businesses to use location to their advantage
Competitive Forces
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Analyst insights
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In this chapter (4)
- Concentration
- Barriers to Entry
- Substitutes
- Buyer & Supplier Analysis
Key metrics
- Industry concentration level
- Industry competition level and trend
- Barriers to entry level and trend
- Substitutes level and trend
- Buyer power level and trend
- Supplier power level and trend
Charts
- Market share concentration among the top 4 suppliers from 2019-2024
- Supply chain including upstream supplying industries and downstream buying industries, flow chart
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
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In this chapter
- External Drivers
- Regulation & Policy
- Assistance
Key metrics
- Regulation & policy level and trend
- Assistance level and trend
Detailed analysis
- Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
Financial Benchmarks
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Analyst insights
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In this chapter
- Cost Structure
- Financial Ratios
- Key Ratios
Key metrics
- Profit margin, and how it compares to the sector-wide margin
- Average wages, and how it compares to the sector-wide average wage
- Largest cost component as a percentage of revenue
- Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio
Charts
- Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Investment vs. share of economy
Data tables
- Industry Multiples (2017-2022)
- Industry Tax Structure (2017-2022)
- Income Statement (2017-2022)
- Balance Sheet (2017-2022)
- Liquidity Ratios (2017-2022)
- Coverage Ratios (2017-2022)
- Leverage Ratios (2017-2022)
- Operating Ratios (2017-2022)
- Cash Flow & Debt Service Ratios (2014-2029)
- Revenue per Employee (2014-2029)
- Revenue per Enterprise (2014-2029)
- Employees per Establishment (2014-2029)
- Employees per Enterprise (2014-2029)
- Average Wage (2014-2029)
- Wages/Revenue (2014-2029)
- Establishments per Enterprise (2014-2029)
- IVA/Revenue (2014-2029)
- Imports/Demand (2014-2029)
- Exports/Revenue (2014-2029)
Detailed analysis
- Trends in the cost component for industry operators and their impact on industry costs and profitability
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2014-2029)
- IVA (2014-2029)
- Establishments (2014-2029)
- Enterprises (2014-2029)
- Employment (2014-2029)
- Exports (2014-2029)
- Imports (2014-2029)
- Wages (2014-2029)
Top Questions Answered
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What is the market size of the Homeopaths in the US industry in United States in 2024?
The market size of the Homeopaths in the US industry in United States is $288.5m in 2024.
How many businesses are there in the Homeopaths in the US industry in 2024?
There are 2,584 businesses in the Homeopaths in the US industry in United States, which has declined at a CAGR of 0.2 % between 2019 and 2024.
Has the Homeopaths in the US industry in United States grown or declined over the past 5 years?
The market size of the Homeopaths in the US industry in United States has been growing at a CAGR of 1.1 % between 2019 and 2024.
What is the forecast growth of the Homeopaths in the US industry in United States over the next 5 years?
Over the next five years, the Homeopaths in the US industry in United States is expected to grow.
What does the Homeopaths in the US in United States include?
Providing homeopathic treatment for respiratory conditions and Providing homeopathic treatment for musculoskeletal conditions are part of the Homeopaths in the US industry.
How competitive is the Homeopaths in the US industry in United States?
The level of competition is high and steady in the Homeopaths in the US industry in United States.
Related Industries
Widen your competitive advantage with related industries
Competitors
- Primary Care Doctors in the US
- Specialist Doctors in the US
Complementors
- Alternative Healthcare Providers in the US
- Acupuncturists in the US
- Chiropractors in the US
International industries
- Alternative Health Therapies in Australia
View all industries in United States
Methodology
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Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
What data sources do IBISWorld analysts use?
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in the US include:
- US Census Bureau
- US Bureau of Labor Statistics
- US International Trade Commission
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
- Industry and trade associations
- Industry federations or regulators
- Major industry players annual or quarterly filings
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
How does IBISWorld forecast its data?
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
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