Complementary and Alternative Medicine Market Research Covers, Future Trends and Opportunities, Past, Present Data, and Deep Analysis by Business Market Insight 2030

The market crossed US$ 122.57 billion mark in 2022 and is expected to hit US$ 697.81 billion by 2030, recording a CAGR of 24.3% during the forecast period.

The Report Complementary and Alternative Medicine Market study by "Business Market Insights" provides details about the market dynamics affecting the market, Market scope, Market segmentation and overlays shadow upon the leading market players highlighting the favorable competitive landscape and trends prevailing over the years.

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The market is segmented into intervention, distribution method, and geography. On the basis of intervention, the market is segregated as traditional alternative medicine/botanicals, mind healing, body healing, external energy, and sensory healing. By distribution method, the market is segregated as direct sales, e-sales, and direct correspondence. Geographically, the market is sub segmented into North America, Europe, Asia Pacific, South & Central America, and Middle East & Africa.

Leading Complementary and Alternative Medicine market Players:

• Columbia Nutritional
• The Healing Company
• Unity Woods
• Sheng Chang Pharmaceutical Company
• Pure Encapsulations, LLC.
• Herb Pharm
• Best Herbal Supplements by Ayush Herbs
• Nordic Pharma
• Pure Encapsulations, LLC.
• Modern Acupuncture

Complementary and Alternative Medicine market report also provide a thorough understanding of the cutting-edge competitive analysis of the emerging market trends along with the drivers, restraints, challenges, and opportunities in the Complementary and Alternative Medicine market to offer worthwhile insights and current scenario for making right decision. The report covers the prominent players in the market with detailed SWOT analysis, financial overview, and key developments of the products/services from the past three years. Moreover, the report also offers a 360º outlook of the market through the competitive landscape of the global industry player and helps the companies to garner Complementary and Alternative Medicine market revenue by understanding the strategic growth approaches.

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Reason to Buy
• Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global Complementary and Alternative Medicine Market.
• Highlights key business priorities in order to guide the companies to reform their business strategies and establish themselves in the wide geography.
• The key findings and recommendations highlight crucial progressive industry trends in the Complementary and Alternative Medicine Market, thereby allowing players to develop effective long-term strategies in order to garner their market revenue.
• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.

The CBI-EU report states rising consumer concerns about the potential side effects of pharmaceutical drugs or regular medication. Many consumers have shifted their focus towards alternative medicines involving homeopathy, natural remedies, and supplements. Also, some experts have started promoting the benefits of alternative medication, particularly to patients suffering from chronic health conditions. Europe has the second largest market for complementary and alternative medicine globally, with studies revealing that the most used are CAM treatment is massage therapy (used by 11.9% of the population), followed by homeopathy (5.7%), osteopathy (5.2%), herbal therapies (4.6%), acupuncture (3.6%), chiropractic (2.3%), reflexology (1.7%), and spiritual healing (1.3%).

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The World Health Organization (WHO) announced an agreement with the Government of India (GOI) to establish the WHO Global Center for Traditional Medicine. The agreement is supported by an investment of US$250 million from the GOI, aiming to harness the potential of traditional medicine worldwide through modern science and technology to improve people's and the planet's health.

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