Complementary and Alternative Medicine Market Report Overview:
The research provides a complete study of insights into the Complementary and Alternative Medicine Market, covering dynamic patterns, industry landscape, and all major market elements. The Complementary and Alternative Medicine market research also includes a detailed analysis of leading players.
Complementary and Alternative Medicine refers to a wide range of healthcare methods. Prime care systems include traditional Ayurvedic medicine and Chinese medicine, each of which have unique diagnostic procedures and treatment alternatives. Shark cartilage, bee pollen, and ozone therapy are examples of complementary and alternative medicine treatments. Complementary and Alternative Medicine encompasses a wide range of treatments that supplement or serve as alternatives to traditional medicine.
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Estimated Revenue Growth:
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 Research Methodology:
The aim of this report is to assess and predict the size of the Complementary and Alternative Medicine market. It offers strategic profiles of significant market participants to provide an accurate depiction of the competitive landscape within the global Complementary and Alternative Medicine market. This includes a comprehensive analysis of recent developments such as new product launches, acquisitions, mergers, joint ventures, brand activities, and major players in the Complementary and Alternative Medicine industry. The report presents insights into industry trends, dynamics, and potentials, assisting professionals in staying informed about the latest trends and sector performance. This insight aids in predicting growth and decline in Complementary and Alternative Medicine market share over the forecast period.
In-depth understanding of the Complementary and Alternative Medicine industry was achieved through a combination of primary and secondary research methods. Various methodologies, including PESTLE, PORTER, and SWOT analysis, were employed to ensure accurate findings. SWOT analysis was employed to outline strengths, weaknesses, opportunities, and challenges for key players within the Complementary and Alternative Medicine industry. Additionally, the use of PORTER and PESTLE analysis allowed for an understanding of the microeconomic and macroeconomic factors influencing the Complementary and Alternative Medicine industry.
Complementary and Alternative Medicine Market 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.
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Complementary and Alternative Medicine Market Segmentation:
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 Co
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 Regional Perspectives:
The report is segmented into several key countries, with market size, growth rate, import and export of Complementary and Alternative Medicine market in these countries, which covering North America, U.S., Canada, Mexico, Europe, UK, Germany, France, Spain, Italy, Rest of Europe, Asia Pacific, China, India, Japan, Australia, South Korea, ASEAN Countries, Rest of APAC, South America, Brazil, and Middle East and Africa.
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Key Questions answered in the Complementary and Alternative Medicine Market Report are:
- Which segment grabbed the largest share in the Complementary and Alternative Medicine market?
- Which segment is expected to grow at a high rate during the forecast period?
- How is the competitive scenario of the Complementary and Alternative Medicine market?
- Which are the key factors driving the Complementary and Alternative Medicine market growth?
- Which are the factors restraining the Complementary and Alternative Medicine market growth?
- Which region holds the maximum share in the Complementary and Alternative Medicine market?
- What will be the CAGR of the Complementary and Alternative Medicine market during the forecast period?
- Which are the prominent players in the Complementary and Alternative Medicine market?
Key Offerings:
- A detailed Analysis of the Market Overview
- Market Share, Size & Forecast by Revenue | 2024−2030
- Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
- Market Segmentation – A detailed analysis by Route of administration, Application, Facility of use and Region and Region
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
Table of Content: Complementary and Alternative Medicine Market
Part 01: Executive Summary
Part 02: Scope of the Complementary and Alternative Medicine Market Report
Part 03: Complementary and Alternative Medicine Market Landscape
Part 04: Complementary and Alternative Medicine Market Sizing
Part 05: Complementary and Alternative Medicine Market Segmentation by Type
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers and Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Vendor Analysis
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