Complementary and Alternative Medicine Market Overview
Complementary and Alternative Medicine encompasses a broad spectrum of medical procedures. Primary care systems include Chinese medicine and traditional Ayurvedic medicine, each having a variety of treatment modalities and diagnostic techniques. Among other specialized treatments, complementary and alternative medicine uses shark cartilage, bee pollen, and ozone therapy. Complementary & Alternative therapy encompasses a broad range of methods that either support or substitute traditional therapy.
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Market Growth Perspective:
Global Complementary and Alternative Medicine Market size was valued at USD 135.14 Billion in 2023 and the revenue is expected to grow by 17.9% from 2024 to 2030, reaching nearly USD 362.96 Billion by 2030.
Complementary and Alternative Medicine Market Scope and Methodology:
The Complementary and Alternative Medicine Market report offers comprehensive information on key aspects driving industry growth and potential challenges. Stakeholders gain insights into the competitive landscape, product offerings of prominent companies, and investment opportunities within the Complementary and Alternative Medicine industry. The research encompasses both qualitative and quantitative analysis, drawing from primary and secondary data sources, including government websites, publications, annual reports, and expert evaluations.
Market Segmentation
The report delves into segment-wise analysis, providing a detailed breakdown of the Complementary and Alternative Medicine Market landscape.
By Intervention
Traditional Alternative Medicine/Botanicals
Mind Healing
Body Healing
External Energy
By Intervention, Body Healing: Massage encourages relaxation by stimulating pressure points and nerve endings in the body. There are numerous kinds of massage, including reflexology, Heller work, and shiatsu. Massage treatment is most demanded by those in the working sector since it reduces stress and anxiety, elevates mood, promotes relaxation, and controls pain. Massage aids in the healing of surgical incision sites and may prevent or reduce scarring. The Complementary and Alternative Medicine Market is predicted to expand at a CAGR of 9%. Additionally, foot massage has a favorable impact on pain, nausea, and relaxation.
By Product
Vitamins
Minerals
Herbal products
others
By Diseases
Cancer
Diabetes
Chronic pain
Coronary artery disease
Others
Throughout the forecast period, the cancer segment of the diseases market is anticipated to expand at a CAGR of 8.1%. The use of complementary and alternative medicine by cancer patients has been steadily increasing for decades. In the UK, 16% of cancer patients use complementary and alternative therapies. Comparable, the percentage of Americans who use complementary and alternative medicine is reported to be 13%. Nonetheless, 29% of 127 cancer patients surveyed in the UK reported using complementary and alternative treatment.
By Distribution Channel
Direct Sales
E-sales
Distance Correspondence
Other
𝐅𝐨𝐫 𝐌𝐨𝐫𝐞 𝐃𝐞𝐭𝐚𝐢𝐥𝐬 𝐚𝐧𝐝 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬, 𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐚 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 𝐨𝐫 𝐈𝐧𝐪𝐮𝐢𝐫𝐞 : https://www.maximizemarketresearch.com/request-sample/74005/
Market Key Players
Key players in the Complementary and Alternative Medicine Market are identified and profiled, offering insights into their strategies and market presence.
1. Pure Encapsulations, Inc.(US)
2. Nordic Naturals(US)
3. Unity Woods Yoga Center(US)
4. Quantum Touch(US)
5. Geriatric & Medical Companies, Inc.,(US)
6. Herb Pharm(US)
7. Helio USA Inc.(US)
8. Merck Sharp & Dohme Corporation(US)
9. UAS Laboratories.(US)
10. The Healing Company (New Zealand)
11. Nature’s Bounty(UK)
12. First Natural Brands Ltd.(UK)
13. Herbal Hills(India)
14. Sheng Chang Pharmaceutical Company (Taiwan)
15. Ramamani Iyengar Memorial Yoga Institute (Maharashtra, India)
16. Ayush Ayurvedic Pte. Ltd.(Singapore)
17. Columbia Nutritional LLC (Washington, United States)
18. Yoga Tree Studios, Inc. (Toronto, Ontario, Canada)
19. ALCES LLP, (London, United Kingdom)
20. Amrita Ayurveda and Yoga, (Kerala, India)
21. NatureKue, (Singapore)
22. Body and Soul Yoga Club, (Brussels, Belgium)
23. Bikram Yoga, (California, United States)
24. LKK Health Products Group Limited (Hong Kong, China)
Complementary and Alternative Medicine Market Regional Insights
This study does a complete analysis of all pertinent parameters, including market size, growth rate, and import and export by region. The research’s geographical study makes it possible to comprehend the Complementary and Alternative Medicine market situations in several different nations. The Complementary and Alternative Medicine market is made up of the markets in Europe, Asia Pacific, Latin America, Africa, and the Middle East.
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Key questions answered in the Complementary and Alternative Medicine Market are:
- What is Complementary and Alternative Medicine?
- What is the growth rate of the Complementary and Alternative Medicine Market?
- Which are the factors expected to drive the Complementary and Alternative Medicine market growth?
- What is the CAGR at which the Complementary and Alternative Medicine market will grow during the forecast period?
- What are the different segments of the Complementary and Alternative Medicine Market?
- Which is the fastest growing region in the Complementary and Alternative Medicine market?
- What growth strategies are the players considering to increase their presence in Complementary and Alternative Medicine?
- What are the upcoming opportunities and trends for the Complementary and Alternative Medicine Market?
- Who are the leading companies and what are their portfolios in Complementary and Alternative Medicine Market?
- What segments are covered in the Complementary and Alternative Medicine Market?
- Who are the key players in the Complementary and Alternative Medicine market?
Key Offerings:
- Past Market Size and Competitive Landscape
- Past Pricing and price curve by region
- Market Size, Share, Size & Forecast by different segment
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
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