Complementary and Alternative Medicine Market by Therapy Type, Disease, Distribution Channel, and Region


Complementary and Alternative Medicine Market size was valued at US$ 97.22 Bn. in 2021 and the total Complementary and Alternative Medicine revenue is expected to grow by 17.9% from 2022 to 2029, reaching nearly US$ 362.97 Bn.

Complementary and Alternative Medicine Market Overview

The new market intelligence report published by Global Market Intelligence firm, Maximize Market Research, indicates the lucrative growth for Complementary and Alternative Medicine Market suppliers in the forecast period through 2029. The Maximize Market Research, an Complementary and Alternative Medicine   market research firm, has served more than 600 clients across the world since 2017.

Market Scope

The report provides current Complementary and Alternative Medicine market trends and regional insights in terms of demand, supply, and sales, as well as recent changes in the market. The Complementary and Alternative Medicine market report focuses on the key drivers and restraints for key players, as well as the current competitive landscape and development prospects. The Complementary and Alternative Medicine market report provides the most up-to-date market statistics, as well as future developments, size, and emerging trends, allowing you to identify the products and end users that are driving revenue growth and profitability. Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price, Gross Margin & Sales by Product are all included in this global Complementary and Alternative Medicine market research report.

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Key Segments Covered In Complementary and Alternative Medicine Industry Analysis :

By Disease, the cancer segment is expected to grow at a CAGR of 8.1% during the forecast period. For decades, there has been a steady growth in the use of complementary and alternative medicine among cancer patients. It was reported in one of the early studies to determine the degree of CAM usage among cancer patients that 16% of cancer patients polled in two hospitals in London acknowledged using CAM. This percentage is comparable to prior research in which CAM usage was stated to be 13% in the United States. However, a survey of 127 cancer patients in the United Kingdom found that 29% of the studied population used some type of complementary and alternative medicine. A systematic review of surveys on the use of complementary and alternative medicine (CAM) among cancer patients in 13 countries found a range of 7% to 64% of CAM use among the adult cancer population, with an average of 31.4% across all studies. Herbs, nutritional treatment, meditation, relaxation, homeopathy, hypnosis, and other vitamins were some of the most regularly utilized complementary and alternative medicine (CAM).

Key Players : 

• Pure Encapsulations, Inc..(US)
• Nordic Naturals(US)
• Unity Woods Yoga Center(US)
• Quantum Touch(US)
• Geriatric & Medical Companies, Inc.,(US)
• Herb Pharm(US)
• Helio USA Inc.(US)
• Columbia Nutritional(US)
• John Schumachers Unity Woods Yoga Center(US)
• Merck Sharp & Dohme Corporation(US)
• Geri-Care pharmaceuticals(US)
• UAS Laboratories.(US)
• The Healing Company (New Zealand)
• Nature’s Bounty(UK)
• First Natural Brands Ltd.(UK)
• Ayush Ayurveda (India)
• Herbal Hills(India)
• Sheng Chang Pharmaceutical Company (Taiwan)

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Regional Analysis

Complementary and Alternative Medicine Region dominated the Complementary and Alternative Medicine Market in 2021 and is expected to witness significant growth during the forecast period. Government initiatives in the sector and regulations and rein in rising expenses drive the Complementary and Alternative Medicine Market growth in the region. The Complementary and Alternative Medicine market report includes a geographic condition of the market, and revenue as well as in-depth research into the business network structure, opportunities, and news updates.

Key Questions answered in the Complementary and Alternative Medicine Market Report are:

  • What is Complementary and Alternative Medicine Market?
  • What is the forecast period of the Market?
  • What is the competitive scenario of the market?
  • Which region held the largest market share in the Market?
  • What are the opportunities for the Market?
  • What factors are affecting the market growth?
  • Who are the key players of the market?
  • Which company held the largest share in the market?
  • What will be the CAGR of the market during the forecast period?
  • What key trends are likely to emerge in the market in the coming years?

Key offerings:

  • Market Share, Size, and Forecast by Revenue|2022-2029
  • Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key trends
  • Market Segmentation: A detailed analysis by Complementary and Alternative Medicine
  • Landscape- Leading key players and other prominent key players.

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About Maximize Market Research:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology, and communication, cars, and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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About MAXIMIZE MARKET RESEARCH PVT. LTD.

Maximize Market Research provides B2B and B2C research on 12,500 high growth emerging opportunities & technologies as well as threats to the companies across the Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Bever

Contact Information

MAXIMIZE MARKET RESEARCH PVT. LTD.

3rd Floor, Navale IT park Phase 2,
Pune Banglore Highway,
411041
India
Phone : +919607365656
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Published in

Health , News

Published on

Mar 06, 2023

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