International Alternative and Complementary Medicine The market was estimated to be worth USD 135.14 billion in 2023, and revenue is projected to increase by 17.9% between 2024 and 2030, reaching over USD 362.96 billion.
Complementary and Alternative Medicine Market Overview
Maximize Market Research is a Business Consultancy Firm that has published a detailed analysis of the “Complementary and Alternative Medicine Market”. The report includes key business insights, demand analysis, pricing analysis, and competitive landscape. The analysis in the report provides an in-depth aspect at the current status of the Complementary and Alternative Medicine market, with forecasts outspreading to the year 2030.
Complementary and Alternative Medicine Market Scope and Methodology:
The market research report Complementary and Alternative Medicine provides comprehensive details on important factors, including those anticipated to drive the industry's growth and impending obstacles. Stakeholders will have a solid understanding of the investment potential in the Complementary and Alternative Medicine market, the industry's competitive environment, and the products pushed by well-known brands. The research examines the sector's qualitative and quantitative aspects. Part of what the MMR probe looks into is a thorough analysis of the competition for the Complementary and Alternative Medicine Market.
A lengthy list of needs is included in the study, along with a detailed explanation for each. When creating the Complementary and Alternative Medicine Market, a wide range of primary and secondary information sources were taken into account, including official government documents, websites, annual reports, and expert and professional comments.
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Complementary and Alternative Medicine Market Regional Insights
In this report, the market size, growth rate, import and export by region, and other pertinent facts are all carefully examined. It is simple to comprehend the Complementary and Alternative Medicine market conditions in various nations thanks to the research's regional analysis. The Complementary and Alternative Medicine market is composed of markets in North America, Europe, South America, Asia Pacific, and the Middle East.
Complementary and Alternative Medicine Market Segmentation
By Intervention
Traditional Alternative Medicine/Botanicals
Mind Healing
Body Healing
External Energy
Body healing: Massage promotes relaxation by using your body's pressure points and nerve endings. There are numerous forms of massage, including reflexology, Heller work, and shiatsu. People in the working sector most frequently seek massage treatment because it lowers stress and anxiety, elevates mood, promotes relaxation, and controls pain. Following surgery, massage promotes wound healing and may reduce or eliminate scarring. Additionally, foot massage helps with pain, nausea, and relaxation. The market for complementary and alternative medicine is predicted to develop at a compound annual growth rate (CAGR) of 9%.
By Product
Vitamins
Minerals
Herbal products
others
By Diseases
Cancer
Diabetes
Chronic pain
Coronary artery disease
Others
Over the course of the projection period, the cancer segment 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. Complementary and alternative medicine is used by 16% of cancer patients in the UK. The number is similar to the 13% reported in the US for the use of complementary and alternative medicine. On the other hand, 29% of 127 cancer patients surveyed in the UK reported using complementary and alternative therapy in some capacity.
By Distribution Channel
Direct Sales
E-sales
Distance Correspondence
Other
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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)
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Key questions answered in the Complementary and Alternative Medicine Market are:
What is Complementary and Alternative Medicine?
What was the Complementary and Alternative Medicine market size in 2023?
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 Medicinemarket?
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?
What are the recent industry trends that can be implemented to generate additional revenue streams 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?
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Key Offerings:
Past Market Size and Competitive Landscape (2018 to 2022)
Past Pricing and price curve by region (2018 to 2022)
Market Size, Share, Size & Forecast by different segment | 2024−2030
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
Legal Aspects of Business by Region
Lucrative business opportunities with SWOT analysis
Recommendations
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