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
The report insights about top players, market size, share, key drivers, challenges, opportunities, competitive landscape, market attractiveness analysis, new product launches, technological innovations, and growth contributors which helps to analyse the Complementary and Alternative Medicine Market.
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Complementary and Alternative Medicine Market Report Scope and Research Methodology
The qualitative and quantitative data collected by primary research resources, free and paid databases, surveys, Google forms, etc. is further analysed by tools such as SWOT and PESTLE analysis to understand the Complementary and Alternative Medicine market.
Complementary and Alternative Medicine Market Regional Insights
A regional analysis typically includes a precise examination of market trends, competitive landscape, consumer behaviour, and regulatory environment in each region.
Complementary and Alternative Medicine Market Segmentation
The cancer market is anticipated to expand at a CAGR of 8.1% over the course of the projected period. The use of complementary and alternative therapies among cancer patients has steadily increased throughout the years. One of the first studies to assess the extent of CAM use among cancer patients found that 16% of those surveyed at two hospitals in London admitted using CAM. This proportion is close to earlier studies, which reported that 13% of Americans used CAMs. A survey of 127 cancer patients in the UK, however, revealed that 29% of the participants used complementary and alternative therapies.
An average of 31.4% was reported across all studies in a systematic analysis of surveys on the use of complementary and alternative medicine (CAM) among cancer patients in 13 countries, with a range of 7% to 64%. Some of the most often used complementary and alternative medicine (CAM) practices include herbs, nutritional therapy, meditation, relaxation, homeopathy, hypnosis, and other supplements.
1 Global Complementary and Alternative Medicine Market, by Therapy Type (2022-2029)
• Traditional Alternative Medicine
• Mind Healing
• Body Healing
• External Energy
• Sensory Healing
• Other
2 Global Complementary and Alternative Medicine Market, by Disease (2022-2029)
• Arthritis
• Cancer
• Asthma
• Diabetes
• Cardiology
• Neurology
• Others
3 Global Complementary and Alternative Medicine Market, by Distribution Channel (2022-2029)
• 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. Columbia Nutritional(US)
9. John Schumachers Unity Woods Yoga Center(US)
10. Merck Sharp & Dohme Corporation(US)
11. Geri-Care pharmaceuticals(US)
12. UAS Laboratories.(US)
13. The Healing Company (New Zealand)
14. Nature’s Bounty(UK)
15. First Natural Brands Ltd.(UK)
16. Ayush Ayurveda (India)
17. Herbal Hills(India)
18. Sheng Chang Pharmaceutical Company (Taiwan)
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Key questions answered in Complementary and Alternative Medicine Market are:
- What is the Complementary and Alternative Medicine market size of the dominating region?
- What was the Complementary and Alternative Medicine market size in 2022?
- What is the expected Complementary and Alternative Medicine market size by 2029?
- 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?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2021)
- Past Pricing and price curve by region (2018 to 2021)
- Market Size, Share, Size Forecast by different segment | 2022−2029
- 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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