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Complementary And Alternative Medicine Market growth rate (CAGR) of 15.6% by 2030 | Yoga Tree Studios Inc., Body and Soul Yoga Club, Amrita Ayurveda and Yoga

02-02-2023 12:54 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Report Ocean

Complementary And Alternative Medicine Market

Complementary And Alternative Medicine Market

Complementary And Alternative Medicine Market By Type (Medicines, Therapy), By Disease Indication (Diabetes, Cardiovascular, Neurology, Cancer, Arthritis, Others), By Distribution Channels (Direct Sales, Online Sales, Distance Correspondence): Global Opportunity Analysis And Industry Forecast, 2022-2030 , Covid 19 Outbreak Impact research report added by Report Ocean, is an in-depth analysis of market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography. It places the market within the context of the wider Complementary And Alternative Medicine market, and compares it with other markets., market definition, regional market opportunity, sales and revenue by region, manufacturing cost analysis, Industrial Chain, market effect factors analysis, Complementary And Alternative Medicine market size forecast, market data & Graphs and Statistics, Tables, Bar &Pie Charts, and many more for business intelligence. Get complete Report (Including Full TOC, 100+ Tables & Figures, and Chart). - In-depth Analysis Pre & Post COVID-19 Market Outbreak Impact Analysis & Situation by Region

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The global complementary and alternative medicine market size was US$ 102.0 billion in 2021. The global complementary and alternative medicine market size is estimated to reach US$ 376.0 billion by 2030, growing at a compound annual growth rate (CAGR) of 15.6% during the forecast period from 2022 to 2030.
Complementary and alternative medicines are medicines and health practices that are not commonly used by doctors to treat cancer. They are used in addition to standard treatment. Whereas, alternative medicine is used in place of standard treatment. Some examples of complementary therapies include meditation, massage, tai chi, biofeedback, music therapy, reiki, dietary supplements, and guided imagery. Some of the most commonly used complementary therapies are manipulative therapies and body-based therapies. Body-based therapies include chiropractic or osteopathic manipulation massage, cupping, and reflexology.

Factors Affecting Marketing Growth

The increase in the geriatric population and the rise in the prevalence of different chronic diseases such as cancer and others drive the growth of the global market.
The growth in popularity of complementary and alternative medicines and therapies owing to the high cost of traditional medicines and their side effects drives the growth of the global market.
The rise in strategic initiatives such as collaborations, mergers, and acquisitions by leading players, are the essential factors that drive the growth of the global market.
The side effects associated with self-medication or with the use of complementary medicine along with traditional treatment are anticipated to restrict the growth of the global market.

Impact on COVID-19 Analysis

COVID-19 had a positive impact on the growth of the global market due to the rise in pandemic infection across the world and the lack of therapeutics available for the treatment of COVID-19, which led to turn people's interest in complementary and alternative medicines for treatment and preventive measures. Thus, driving the growth of the global market.

Regional Analysis

North America was dominant, in terms of revenue among other regions in 2021 due to the rise in the healthcare expenditure of the region and the strategies they adopt for their product development, and the existence of key players in the country.

Asia-Pacific is estimated to grow at the fastest rate during the forecast period due to the increase in the prevalence of chronic diseases and the rise in the geriatric population.

Leading Competitors
The prominent players in the global complementary and alternative medicine market are:
LKK Health Products Group Limited
Yoga Tree Studios Inc.
Body and Soul Yoga Club
Amrita Ayurveda and Yoga
Bikram Yoga
Sheng Chang Pharmaceutical Company
The Healing Company Ltd.
Nordic Nutraceuticals
Pure encapsulations
Herb Pharm
Segmentation Analysis
The global complementary and alternative market segmentation focuses on Type, Disease Indication, Distribution Channels, and Region.
Segmentation on the basis of Type

o Homeopathic Medicines
o Ayurvedic Medicines
o Dietary Supplements
o Traditional Chinese Medicine
o Traditional Korean Medicine
o Others
o Mind Therapy
o Body Therapy
o Sensory Therapy
o Magnetic Therapy

Segmentation on the basis of Disease Indication


Segmentation on the basis of Distribution Channels

Online Sales
Distance Correspondence
Direct Sales

Our market research provides vital intelligence on market size, business trends, industry structure, market share, and market forecasts that are essential to developing business plans and strategy.
A combination of factors, including COVID-19 containment situation, end-use market recovery & Recovery Timeline of 2020/ 2021
covid-19 scenario Market Behavior/ Level of Risk and Opportunity End Industry Behavior/ Opportunity Assessment Expected Industry Recovery Timeline Business Impact Horizon
Opening of Economy by Q3 2020 xx xx xx xx
Recovery - Opening of Economy extended till Q4 2020 / Q1 2021 xx xx xx xx
Under COVID-19 Outbreak Impact Analysis:
We analyzed industry trends in the context of COVID-19. We analyzed the impact of COVID-19 on the product industry chain based on the upstream and downstream markets. We analyze the impact of COVID-19 on various regions and major countries.
The impact of COVID-19 on the future development of the industry is pointed out.
Study Explore :
• Market Behavior/ Level of Risk and Opportunity
• End Industry Behavior/ Opportunity Assessment
• Expected Industry Recovery Timeline

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Each study, more than 100+ pages, is packed with tables, charts and insightful narrative including coverage on: Report Ocean provides complete tailor-made market reports that deliver vital market information on industry. Our market reports include:
• Market Sizing and Structuring
• Micro and macro analysis
• Regional dynamics and Operational landscape
• Demographic profiling and Addressable market
• Legal Set-up and Regulatory frameworks
• Profitability and Cost analysis
• Segmentation analysis of Market
• Existing marketing strategies in the market, Best practice, GAP analysis
• Competitive landscape, Leading market players, Benchmarking
• Future market trends and opportunities - Scenario modeling

Geographical Breakdown: The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the impact and recovery path of Covid 19 for all regions, key developed countries and major emerging markets.

Countries: Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam
In-Depth Qualitative COVID 19 Outbreak Impact Analysis Include Identification And Investigation Of The Following Aspects: Market Structure, Growth Drivers, Restraints and Challenges, Emerging Product Trends & Market Opportunities, Porter's Fiver Forces. The report also inspects the financial standing of the leading companies, which includes gross profit, revenue generation, sales volume, sales revenue, manufacturing cost, individual growth rate, and other financial ratios. The report basically gives information about the Market trends, growth factors, limitations, opportunities, challenges, future forecasts, and details about all the key market players.

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Key questions answered: Study Explore COVID 19 Outbreak Impact Analysis Our team will be able to provide clear answers, identify key opportunities, new investments, and recommend high quality strategy routes in the market. These answers will include a holistic analysis of the:
• Existing market infrastructures
• Market challenges and opportunities
• Potential for growth in certain industries in the coming years
• End-consumer target groups and their potential volumes of operation
• Best regions and segments to target
• Pros and cons of various promotion models
• Touch points and an opportunity breakdown within the value chain
• Market size and growth rate during forecast period.
• Key factors driving the Market.
• Key market trends cracking up the growth of the Market.
• Challenges to market growth.
• Key vendors of Market.
• Detailed SWOT analysis.
• Opportunities and threats faces by the existing vendors in Global Market.
• Trending factors influencing the market in the geographical regions.
• Strategic initiatives focusing the leading vendors.
• PEST analysis of the market in the five major regions.

The Study Explore COVID 19 Outbreak Impact Analysis

• What should be entry strategies, countermeasures to economic impact, and marketing channels?
• What are market dynamics?
• What are challenges and opportunities?
• What is economic impact on market?
• What is current market status? What's market competition in this industry, both company, and country wise? What's market analysis by taking applications and types in consideration?

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Key Points Covered in Complementary And Alternative Medicine Market Report:

Global Complementary And Alternative Medicine Market Research Report
Section 1: Global Complementary And Alternative Medicine Industry Overview
Section 2: Global Economic Impact on Complementary And Alternative Medicine Industry
Section 3: Global Market Competition by Industry Producers
Section 4: Global Productions, Revenue (Value), according to Regions
Section 5: Global Supplies (Production), Consumption, Export, Import, geographically
Section 6: Global Productions, Revenue (Value), Price Trend, Product Type
Section 7: Global Market Analysis, on the basis of Application
Section 8: Complementary And Alternative Medicine Market Pricing Analysis
Section 9: Market Chain, Sourcing Strategy, and Downstream Buyers
Section 10: Strategies and key policies by Distributors/Suppliers/Traders
Section 11: Key Marketing Strategy Analysis, by Market Vendors
Section 12: Market Effect Factors Analysis
Section 13: Global Complementary And Alternative Medicine Market Forecast
……..and view more in complete table of Contents

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