Complementary and Alternative Medicine Market Report Overview:
Maximise Market Research has published research to help clients understand the landscape of the Complementary and Alternative Medicine Industry in which they compete. The research provides market insights to help businesses estimate future demand for their product and the competitiveness of Complementary and Alternative Medicine. The Complementary and Alternative Medicine market overview provides detailed information on the market’s size, trade data, key players, and several market metrics such as life cycle, trends, and so on.
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Complementary and Alternative Medicine Market Report Scope and Research Methodology:
The Complementary and Alternative Medicine market research examines the significance of categories and regional markets based on criteria such as market size and growth rate. The study provides a complete review of all segments and areas. The Complementary and Alternative Medicine market study includes a detailed analysis of anticipated data, important advancements, and revenue. It also includes a full evaluation of the key tactics used by leading market players to accelerate global business growth while maintaining a competitive advantage. The Complementary and Alternative Medicine market study evaluates production, consumption, revenue, market share, and growth rates in the following regions: North America, Europe, Asia-Pacific, South America, the Middle East, and Africa. SWOT analysis can help you understand the Complementary and Alternative Medicine market’s strengths and weaknesses.
Industry Dynamics:
Increasing chronic diseases are driving the Complementary and Alternative Medicine Market.
The rising prevalence of chronic diseases such as cancer is predicted to fuel the rise of the complementary and alternative medicine industry. Global Complementary and Alternative Medicine plays an important part in cancer therapy, effectively alleviating common side effects such as pain, nausea, and exhaustion. The medical profession is rapidly recognising the benefits of Global Complementary and Alternative Medicine in treating and diagnosing a wide range of diseases. A rise in global disease rates, combined with an ageing population, is propelling the Global Complementary and Alternative Medicine industry forward significantly. The worldwide elderly population is predicted to surpass 2 billion by 2030.
Complementary and Alternative Medicine Industry Analysis and Progression:
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 Classifications
By Product
Vitamins
Minerals
Herbal products
others
By Diseases
Cancer
Diabetes
Chronic pain
Coronary artery disease
Others
By Disease, the cancer category is predicted to increase at an 8.1% CAGR over the forecast period. The use of complementary and alternative medicine among cancer patients has steadily increased during the last several decades. 16% of cancer patients in the United Kingdom use complementary and alternative treatment. The number is comparable to the 13% reported for complementary and alternative medicine in the United States. However, a survey of 127 cancer patients in the United Kingdom revealed that 29% used complementary and alternative treatment.
A systematic evaluation of studies on the use of complementary and alternative medicine among cancer patients in 13 countries discovered a range of 7% to 64% of use among the adult cancer population.
By Distribution Channel
Direct Sales
E-sales
Distance Correspondence
Other
Intervention, Body Healing- Massage promotes relaxation by stimulating your body’s nerve endings and pressure points. There are numerous types of massage, including shiatsu, Heller work, and reflexology. Massage therapy reduces stress and anxiety, improves mood, promotes relaxation, and controls pain, which is in high demand in the workplace. Massage after surgery promotes healing at the incision site and may prevent or reduce scarring. Foot massage also has a favourable impact on pain, nausea, and relaxation. The Complementary and Alternative Medicine Market is predicted to develop at a CAGR of 9.9%.
Massage Envy, Hand and Stone Massage and Facial Spa, Elements Massage, Massage Heights, and others are predicted to expand in the Complementary and Alternative Medicine Market.
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Complementary and Alternative Medicine Market Key Players:
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 Analysis by Region:
The Complementary and Alternative Medicine market is broadly segmented into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. The report includes a thorough analysis of all the factors, market size, growth rate, and import and export in regions. The Regional Analysis provides the Complementary and Alternative Medicine market status of various countries included in the report.
Key questions answered in the Complementary and Alternative Medicine Market are:
- What are the Complementary and Alternative Medicine Market segments?
- Which Complementary and Alternative Medicine market segment is expected to grow rapidly during the forecast period?
- What is the expected CAGR of the Complementary and Alternative Medicine market during the forecast period?
- Who are the top players in the Complementary and Alternative Medicine industry?
- Which region is expected to grow at a high CAGR during the forecast period?
- Which region held the largest Complementary and Alternative Medicine market share in 2024?
Key Offerings:
- Market Overview
- Market Share
- Market Size
- Forecast by Revenue | 2024−2030
- Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
- Market Segmentation – A detailed analysis by segments, sub-segments and region
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
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About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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