Indian AYUSH Market Projected to Reach $213 Billion by 2030
What happened
A report by Primus Partners outlines the potential growth of India's AYUSH market, suggesting it could reach $213 billion by 2030 from its current valuation of $43 billion. This expansion hinges on integrating traditional medicine into public health systems, insurance schemes, and primary healthcare delivery. The report also proposes establishing a National Economy Ayush Mission (NEAM) to guide this growth.
Why it matters
The growth potential relies on concerted efforts in manufacturing, healthcare services, exports, and research. The Ministry of AYUSH is identified as the nodal ministry for such a mission. Currently, the United Arab Emirates and Italy are noted as major importers of Indian AYUSH goods.
Government aims to strengthen India's global leadership in AYUSH through collaboration between the Ministry of AYUSH and the Department of Commerce.
Who's involved
- Ministry of AYUSHGovernment ministry responsible for traditional and alternative medicine
- United Arab EmiratesCountry noted as a major importer of Indian AYUSH goods
- ItalyCountry noted as a major importer of Indian AYUSH goods
- IndiaCountry whose AYUSH market is the subject of the growth potential
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- IndiaSpeculative
India could see increased trade volume and market size if the AYUSH sector achieves its potential.
- United Arab EmiratesSpeculative
The UAE could benefit from the strategic trade push if the AYUSH market expands.
- ItalySpeculative
Italy could benefit from the strategic trade push if the AYUSH market expands.
Keep exploring
The entities involved
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Ministry of AYUSH
government ministry for traditional and alternative medicine
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United Arab Emirates
country in Western Asia
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Italy
country in southern Europe