Complementary and Alternative Medicine Market: size was valued at US$ 114.62 Bn. in 2022 and the total Complementary and Alternative Medicine revenue is expected to grow by 17.9% from 2023 to 2029, reaching nearly US$ 362.97 Bn.
Complementary and Alternative Medicine Market Overview:
MMR published a report on the Complementary and Alternative Medicine Market. The report is a combination of primary and secondary data, and it has been analyzed by domain experts from both a local and global perspective. The report provides a detailed analysis of the market size and share in each region and segment, making it an invaluable resource for investors.
Complementary and Alternative Medicine Market Dynamics:
The public’s interest has rekindled due to a number of factors, including the lack of curative therapy for different emergent and chronic diseases, the high expense of modern medications, time restrictions from patients and healthcare providers, microbial resistance, and the negative impacts of modern medicine. AM has become more and more common due to self-medication, conventional therapeutic methods, indigenous medical systems, such as Ayurveda, herbal remedies, Yunani, homoeopathy, acupuncture, naturopathy, chiropractic manipulation, and other therapies.
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Complementary and Alternative Medicine Market Report Scope and Research Methodology:
At the national, regional, and international levels, the research offers a thorough examination of the Complementary and Alternative Medicine market. It offers a thorough examination of the competitive environment in the property management sector, taking into account the main companies’ business plans. A summary of the major rivals of Property Management is provided in the study, together with data on their earnings, output, market share, and worldwide reach. The top players in the property management business were analysed using the SWOT method to determine their strengths and weaknesses. The report also includes detailed information on the potential, challenges, drivers, and constraints of the Complementary and Alternative Medicine market.
The scale of the global and regional Complementary and Alternative Medicine markets was estimated using a bottom-up methodology. Data on market size, market share, geographical insights, market dynamics, the performance of major players, and industry historical data were gathered using both primary and secondary research methodologies. The study also contains a thorough value chain analysis with data on distributors, customers, and raw materials that aids in understanding the Property Management manufacturing process. In addition, market attractiveness and Porter’s and PESTLE analyses are included, which aid in understanding the Complementary and Alternative Medicine Market both macro and micro.
Complementary and Alternative Medicine Market Segmentation:
by Intervention
Traditional Alternative Medicine/Botanicals
Ayurveda
Apitherapy
Bach Flower Therapy
Naturopathic
Traditional Chinese
Traditional Korean
Traditional Japanese
Traditional Mongolian
Traditional Tibetan
Zang-Fu Theory
Mind Healing
Autosuggestion
Hypnotherapy
Neuro-linguistic Programming
Self-hypnosis
Spiritual Mind Treatment
Transcendental Meditation
Others
Body Healing
Acupressure
Acupuncture
Alexander Technique
Auriculotherapy
Autogenic Training
Chiropractic
Cupping Therapy
Kinesiology
Osteomyology
Osteopathy
Pilates
Qigong
Reflexology
Yoga
External Energy
Magnetic Therapy
Radionics
Reiki
Therapeutic Touch
Chakra Healing
Others
Sensory Healing
Aromatherapy
Music therapy
Sonopuncture
Sound Therapy
Others
by Distribution Channel
Direct Sales
E-sales
Distance Correspondence
Other
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.
One of the first studies to assess the extent of complementary and alternative medicine (CAM) use among cancer patients found that 16% of patients surveyed in two London hospitals admitted to using CAM.
This figure is similar to earlier studies that claimed that 13% of Americans used complementary and alternative medicine. Nonetheless, 29% of the 127 cancer patients surveyed in the UK who were part of this study reported using complementary and alternative therapy.
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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. Geri-Care pharmaceuticals(US)
10. UAS Laboratories.(US)
11. The Healing Company (New Zealand)
12. Nature’s Bounty(UK)
13. First Natural Brands Ltd.(UK)
14. Herbal Hills(India)
15. Sheng Chang Pharmaceutical Company (Taiwan)
16. Ramamani Iyengar Memorial Yoga Institute (Maharashtra, India)
17. Ayush Ayurvedic Pte Ltd.(Singapore)
18. Columbia Nutritional LLC (Washington, United States)
19. Yoga Tree Studios, Inc. (Toronto, Ontario, Canada)
20. ALCES LLP, (London, United Kingdom)
21. Amrita Ayurveda and Yoga, (Kerala, India)
22. NatureKue, (Singapore)
23. Body and Soul Yoga Club, (Brussels, Belgium)
24. Bikram Yoga, (California, United States)
25. LKK Health Products Group Limited (Hong Kong, China)
Complementary and Alternative Medicine Market Regional Insights:
Geographically speaking, the report is divided into a number of important nations, each of which has its own market size, growth rate, import and export figures, and information about the Complementary and Alternative Medicine market. These nations include the United States, Canada, Mexico, Europe, the United Kingdom, China, India, Japan, Australia, South Korea, ASEAN Countries, the rest of Asia Pacific, South America, Brazil, and the Middle East and Africa.
Key Questions answered in the Complementary and Alternative Medicine Market Report are:
- What is the expected Complementary and Alternative Medicine Market size by 2029?
- What will be the CAGR of the Complementary and Alternative Medicine Market during the forecast period?
- Which segment held the largest share in the Complementary and Alternative Medicine Market?
- 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?
- What are the factors restraining the Complementary and Alternative Medicine Market growth?
- Which region holds the maximum share 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:
- A detailed Market Overview
- Market Share
- Market Size
- Market Forecast by Revenue
- Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key trends
- Market Segmentation- A detailed analysis of each segment and their segments
- Competitive Landscape – Leading key players and other prominent key players.
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