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Complementary and Alternative Medicine Market Size, Share by Companies, Growth and Outlook by 2027
Complementary and Alternative Medicine Market
How Big is the Complementary and Alternative Medicine Market?
Report Attributes Details
Market Size in 2021 US$ 100.04 Billion
Market Forecast in 2027 US$ 315.5 Billion
Growth rate (2022 to 2027) CAGR of 20.8%
Base Year of the Analysis 2021
Forecast Period 2022-2027
What is Complementary and Alternative Medicine?
Complementary and alternative medicine (CAM) is a different set of healthcare approaches that are not studied as a part of conventional medicine. Complementary and alternative medicine therapies can include acupuncture, herbal medicine, massage therapy, chiropractic care, and meditation. While many of these therapies have been practiced for a long period, they are often not supported by scientific evidence, and their effectiveness and safety may be questioned. Nevertheless, CAM is gaining popularity as an alternative to traditional Western medicine, particularly in the areas of chronic pain management and stress reduction. Many patients are also drawn to complementary and alternative medicine due to its focus on treating the whole person, rather than just the symptoms of a particular illness or condition.
๐๐๐๐ญ ๐ ๐ ๐ซ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ฉ๐จ๐ซ๐ญ: https://www.imarcgroup.com/complementary-alternative-medicine-market/requestsample
Note: We are in the process of updating our reports. If you want to receive the latest research data covering the period from 2023 to 2028, along with industry trends, market size, and competitive analysis, click on the request sample report. The team would be able to deliver the latest version of the report in a quick turnaround time.
What Are the Growth Prospects and Trends in the Complementary and Alternative Medicine Market?
The rising demand for natural and holistic healthcare options represents one of the key factors driving the market growth across the globe. This, coupled with the increasing demand for treatments that focus on overall health and wellness, rather than just treating specific symptoms or conditions is acting as a major growth-inducing factor. In addition to this, the increasing interest in non-invasive therapies that do not require prescription medications or invasive procedures is contributing to the growth of the market. Other factors, such as the integration of CAM therapies into mainstream healthcare, the rising healthcare costs, and the increasing burden of chronic diseases are creating a positive outlook for the market.
๐๐ฎ๐ฒ ๐๐ก๐ข๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐ฐ: https://www.imarcgroup.com/checkout?id=3646&method=1
Note: In this report you will get detailed analysis of the market, growth analysis graphs, historical period analysis, forecast period analysis, major market segmentation, top leading key players of the market, table of content, list of figures, and list of tables.
Who Are the Key Players Operating in the Complementary and Alternative Medicine Market?
The competitive landscape of the industry has also been examined along with the profiles of the key players.
โข Ayush Ayurvedic Pte Ltd.
โข Columbia Nutritional LLC
โข Helio USA Inc.
โข Herb Pharm LLC
โข Herbal Hills
โข Nature's Bounty
โข Nordic Naturals
โข Pure Encapsulations LLC (Nestlรฉ S.A.)
โข Quantum-Touch
โข The Healing Company Ltd.
โข Unity Woods Yoga Center
What is Included in Market Segmentation?
The report has categorized the market based on type, disease indications and distribution channel.
Breakup by Type:
โข Traditional Alternative Medicine Therapy
โข Body Therapy
โข Diet and Herbs Based Therapy
โข Energy Healing Therapy
โข Mind Therapy
โข Others
Breakup by Disease Indications:
โข Arthritis
โข Cancer
โข Asthma
โข Diabetes
โข Cardiology
โข Neurology
โข Others
Breakup by Distribution Channel:
โข Special Clinics/Centres
โข Distance Correspondence
โข Direct Sales
โข Online Sales
โข Others
Breakup by Region:
โข North America (United States, Canada)
โข Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
โข Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
โข Latin America (Brazil, Mexico, Others)
โข Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, South Africa, Others)
๐๐ฌ๐ค ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ญ ๐๐จ๐ซ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐๐ญ๐ข๐จ๐ง ๐๐ง๐ ๐๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ ๐๐ฎ๐ฅ๐ฅ ๐ซ๐๐ฉ๐จ๐ซ๐ญ ๐ฐ๐ข๐ญ๐ก ๐๐๐ & ๐๐ข๐ฌ๐ญ ๐จ๐ ๐ ๐ข๐ ๐ฎ๐ซ๐๐ฌ: https://www.imarcgroup.com/request?type=report&id=3646&flag=C
Key Highlights of the Report:
โข Market Performance (2016-2021)
โข Market Outlook (2022-2027)
โข Market Trends
โข Market Drivers and Success Factors
โข Impact of COVID-19
โข Value Chain Analysis
โข Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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