The Complementary And Alternative Medicine Market report provides a detailed analysis of the industry by market size in terms of revenue, market share and growth opportunities. It also covers the latest trends and drivers and studies the segments with respect to the different regions and countries. Furthermore, it also highlight on the recent development, product overview, and financial details of leading companies. This information can help stakeholders make the right decision before investing.
The broad complementary and alternative medicine market has been sub-grouped into intervention and distribution method. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
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By Intervention
- Botanicals
- Ayurveda
- Naturopathy
- Homeopathy
- Acupuncture
- Mind, Body, and Yoga
- Yoga
- Meditation
- Energy Healing
- Chakra Healing
- Hypnotherapy
- Magnetic Intervention
By Distribution Method
- Direct Contact
- E-training
- Distance Correspondence
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The report also covers a detailed competitive landscape including company profiles of key players operating in the global market. The key players in the complementary and alternative medicine market include Columbia Nutritional Inc., Deepure Plus, Helio USA Inc., Herb Pharm, Herbal Hills, Nordic Naturals and Pure Encapsulations, Inc. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
Furthermore, the report comprises of the geographical segmentation which mainly focuses on current and forecast demand for complementary and alternative medicine in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
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The global complementary and alternative medicine market size is projected to reach USD 296.3 billion by 2027, exhibiting a CAGR of 19.9%, according to a new report by Radiant Insights, Inc. A comparatively high demand for alternative medicine across developing countries and expanding applications of traditional medicine practiced in Asia are two key driving factors of the market.
In addition, increase in the number of licensed and trained physicians who can offer state-of-the-art complementary therapies is set to boost patient preference toward traditional medicine.
Further key findings from the report suggest: • Botanicals are the most ancient form of alternative treatment practices, which include herbal and natural treatment supplements along with another natural form of treatments incorporating oils, herbs, and other curative supplements • The botanicals intervention segment dominated the global market throughout the study period, whereas magnetic intervention is expected to grow at the fastest rate from 2020 to 2027 • Mind and body healing oriented traditional medicines are some of the most frequently adopted forms of alternate therapies worldwide.
Mind and body intervention incorporates various forms of energy and mind exercises to heal ailments • Yoga has dominated the global complementary and alternative medicine market throughout the study period, whereas hypnotherapy is projected to witness the highest growth rate over the forecast period • Europe is anticipated to witness highest market share over the forecast period.
Rising preference for alternative treatment approaches among patients will drive the regional market for complementary and alternative medicine.
• Key industry participants include Nordic Nutraceuticals, Pure encapsulations, LLC, AYUSH Ayurvedic Pte Ltd, and Sheng Chang Pharmaceutical Company • Companies are inclined toward strategic partnerships to establish their presence in the market; for instance, in June 2019, AstraZeneca partnered with Luye Pharma Group to market a herbal therapy • The herbal medicine product is developed from red yeast rice and is formulated to assist patients suffering from cholesterol.
