Press release
Complementary and Alternative Medicines Market Size, Share and Forecast Report by 2024 | By Key Players are Cipla, Dabur India Limited, Novartis, Weleda AG, Full Motion Physical Therapy, LLC, AmeriCare Physical Therapy, doTERRA International LLC, Mountain
Global Complementary and Alternative Medicines Market Key Players are:
1- Cipla
2- Dabur India Limited
3- Novartis
4- Weleda AG
5- Full Motion Physical Therapy, LLC
6- AmeriCare Physical Therapy
7- doTERRA International LLC
8- Mountain Rose Herbs
9- Rocky Mountain Oils
10- The Himalaya Drug Company
11- SEIRIN CORPORATION
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The growth in the complementary and alternative medicines market is due to the increasing popularity of traditional medicines among people. Many Asian countries, such as India, Japan, and China, have been practicing traditional medication systems since time immemorial for treating common ailments as well as potentially life-threatening diseases.
In China, for pain management and maintaining good health, cupping, acupuncture, and qigong are practiced. For treating conditions such as cough, cold, gastrointestinal disorders, and insomnia, a large number of people use traditional medication, as reported by the World Health Organization.
The segmentations of the complementary and alternative medicines market are region, type, mode of service, application, and end user. Based on type, the market is classified into energy-based, nature-based, manipulative body-based, and mind-body intervention-based.
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In 2018, a revenue share of 38.7% was held by the nature-based classification. In the forecast period, the fastest growth is also expected to be exhibited by this category, which can be attributed to the rising demand for organic and natural medicines that are safer than allopathic medication.
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P&S Intelligence is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.
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