With CAGR of 21.57%, Complementary and Alternative Medicine

Complementary and Alternative Medicine Market

Global Complementary and Alternative Medicine market research report consists of a systematic and comprehensive market research study that provides the facts and figures in the field of marketing. The report makes available market potential for each geographical region based on the growth rate, macroeconomic parameters, consumer buying patterns, their preferences for particular product and market demand and supply scenarios. Businesses have started adopting a market research report solution for sound decision making and superior management of goods and services. Complementary and Alternative Medicine report presents with the particulars about historic data, present market trends, future product environment, marketing strategies, technological innovation, upcoming technologies, emerging trends or opportunities, and the technical progress in the related industry.

The information and data provided through an exceptional Complementary and Alternative Medicine business report is one of the important aspects for dominating the market or creating a mark in the market as a new emergent. In addition, this market research report forecasts the size of the market with information on key vendor revenues, development of the industry by upstream & downstream, industry progress, key companies, along with type segment & market application. This marketing report offers the best and professional in-depth study on the existing state for Healthcare industry. Complementary and Alternative Medicine market analysis report also takes into consideration analysis, estimation, and discussion of important industry trends, market size, and market share.

Data Bridge Market Research analyses that the complementary and alternative medicine market was valued at USD 100.04 billion in 2021 and is expected to reach USD 477.29 billion by 2029, registering a CAGR of 21.57% during the forecast period of 2022 to 2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

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Market Definition

Medical products and practices that are not considered a part of traditional or mainstream medical therapy are referred to as complementary and alternative medicine (CAM). It combines self-administered items and activities, including homoeopathic remedies, herbal medications, dietary supplements, yoga, chiropractic, acupuncture, and massage therapy. Manipulative and body-based therapies, biofield therapy, and entire medical systems are all included.

Drivers

Increasing prevalence of chronic diseases
The rising prevalence of chronic diseases such as cancer is estimated to enhance the growth rate of the complementary and alternative medicine market. Complementary and alternative medicine (CAM) is majorly used in the treatment of cancer and also improves the common side effects such as pain, nausea and fatigue.

Increasing investment for healthcare infrastructure
Another significant factor influencing the growth rate of complementary and alternative medicine market is the rising healthcare expenditure which helps in improving its infrastructure. Also, various government organizations aims to improve the healthcare infrastructure by increasing funding and this will further influence the market dynamics.

Furthermore, rising initiatives by public and private organizations to spread awareness will expand the complementary and alternative medicine market. Additionally, changing lifestyle of people and rising geriatric population will result in the expansion of complementary and alternative medicine market.

Opportunities

Increase in the number of research and development activities
Moreover, the market’s growth is fueled by an increase in the number of research and development activities. This will provide beneficial opportunities for the complementary and alternative medicine market growth. Along with this, rising drug approvals and launches will further propel the market’s growth rate.

Rising number of strategic collaborations
The market has grown substantially as a result of new product introductions in response to increased demand for treatments and continual innovation. For instance, Optum had purchased DaVita Medical Group in 2019. This purchase is towards the development of Novel therapies that children may administer and that can assist physicians, health professionals, physical therapists, and chiropractors. Furthermore, nearly two-thirds of the population in most industrialized and developing nations reported utilizing some type of alternative or complementary treatment as of early 2016.

Moreover, rising investment for the development of advanced technologies and an increase in the number of emerging markets will provide beneficial opportunities for the complementary and alternative medicine market growth during the forecast period.

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Global Complementary and Alternative Medicine Market Scope
The complementary and alternative medicine market is segmented on the basis of treatment, diagnosis, symptoms, dosage form, route of administration, end-users and distribution channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

Alternative Medical Systems
Mind-Body Interventions
Biologically Based Therapies
Manipulative and Body-Based Methods
Energy Therapies
Others
Disease Indication

Arthritis
Asthma
Cancer
Diabetes
Cardiology
Neurology
Others
End-Users

Hospitals
Specialty Clinics
Therapy Centers
Others
Distribution Channel

Hospitals
Special Clinics/Centers
Direct Contact
E-Training
Others
Complementary and Alternative Medicine Market Regional Analysis/Insights
The complementary and alternative medicine market is analysed and market size insights and trends are provided by country, treatment, diagnosis symptoms, dosage form, route of administration, end-users and distribution channel as referenced above.

The countries covered in the Complementary and alternative medicine market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America

North America dominates the complementary and alternative medicine market because of the growing population with serious disorders and rising healthcare expenditure, which will further propel the market’s growth rate in this region. Additionally, growing presence of skilled professionals will further influence the market’s growth rate in this region

Asia-Pacific are expected to grow during the forecast period due to surging use of health supplements and easily availability of herbal supplements in this region. Also, development of healthcare infrastructure will further propel the market’s growth rate in this region.

Some of the major players operating in the complementary and alternative medicine market are:

Nordic Naturals (US)
Nature’s Bounty (US)
Unity Woods Yoga Center (US)
Columbia Nutritional (US)
First Natural Brands Ltd. (UK)
Ayush Ayurveda (India)
Pure Encapsulations, LLC. (US)
Quantum-Touch (US)
Herb Pharm, LLC (US)
Helio USA Inc. (US)
Nestlé S.A. (Switzerland)

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Major Highlights of TOC: Complementary and Alternative Medicine Market
1 Complementary and Alternative Medicine Market Overview
2 Complementary and Alternative Medicine Market Competitions by Manufacturers
3 Complementary and Alternative Medicine Capacity, Production, Revenue (Value) by Region (2022-2029
4 Complementary and Alternative Medicine Supply (Production), Consumption, Export, Import by Region (2022-2029)
5 Complementary and Alternative Medicine Production, Revenue (Value), Price Trend by Type
6 Complementary and Alternative Medicine Market Analysis by Application
7 Complementary and Alternative Medicine Manufacturers Profiles/Analysis
8 Complementary and Alternative Medicine Manufacturing Cost Analysis
9 Industrial Chain, Sourcing Strategy and Downstream Buyers
10 Marketing Strategy Analysis, Distributors/Traders
11 Market Effect Factors Analysis
12 Complementary and Alternative Medicine Market Forecast (2022-2029)
13 Research Findings and Conclusion
14 Appendix

Key questions answered in the report:
What will the market growth rate of Complementary and Alternative Medicine market in 2029?
What are the key factors driving the Complementary and Alternative Medicine market?
What are sales, revenue, and price analysis of top manufacturers of Complementary and Alternative Medicine market?
Who are the distributors, traders and dealers of Complementary and Alternative Medicine market?
Who are the key manufacturers in Complementary and Alternative Medicine market space?
What are the Complementary and Alternative Medicine market opportunities and threats faced by the vendors in the Complementary and Alternative Medicine market?
What are sales, revenue, and price analysis by types and applications of Complementary and Alternative Medicine market?
What are sales, revenue, and price analysis by regions of Complementary and Alternative Medicine market?
What are the market opportunities, market risk and market overview of the Complementary and Alternative Medicine market?

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