Press release
Complementary and Alternative Medicine Market to Reach USD 362.97 Bn by 2029, emerging at a CAGR of 17.9 percent and forecast 2023-2029
Complementary and Alternative Medicine Market
The Complementary and Alternative Medicine market report encompasses an in-depth analysis based on Therapy Type, Disease, Distribution Channel, and Region. This comprehensive study offers valuable insights, historical data, and statistically supported market statistics. The estimations are derived from a meticulously selected set of assumptions and methodologies.
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Complementary and Alternative Medicine Market Research Methodology:
The market size estimation employs a bottom-up approach, with Key Players identified through secondary research, while market revenues are determined through primary and secondary research. This involves a thorough review of leading manufacturers' annual and financial reports, along with interviews with key opinion leaders and industry experts.
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What are Complementary and Alternative Medicine Market Dynamics:
Due to the absence of curative therapy for various emergent and chronic diseases, the high cost of contemporary pharmaceuticals, time constraints from both patients and healthcare providers, microbial resistance, and adverse effects of modern medicine, the public interest has reignited. Self-medication, traditional healing techniques, indigenous systems of medicine, including Ayurveda, herbal preparations, Yunani, homeopathy, acupuncture, naturopathy, chiropractic manipulation, and other therapies have made AM increasingly popular.
Complementary and Alternative Medicine Market Regional Insights:
• Two-thirds of the global population prefer alternative healthcare, with half relying on it exclusively. Notable examples include the United States (42%), Australia (48%), Canada (70%), and France (49%).
• The Asia-Pacific region, including India and China, is a significant hub for traditional medicinal systems like Ayurveda and Naturopathy.
• Initiatives by governments, such as India's AYUSH ministry and Canada's efforts to license alternative medical drugs, are expected to propel market growth.
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What is Complementary and Alternative Medicine Market Segmentation:
by Therapy Type
1. Traditional Alternative Medicine
2. Mind Healing
3. Body Healing
4. External Energy
5. Sensory Healing
6. Other
by Disease
1. Arthritis
2. Cancer
3. Asthma
4. Diabetes
5. Cardiology
6. Neurology
7. Others
by Distribution Channel
1. Direct Sales
2. E-sales
3. Distance Correspondence
4. Other
Who are Complementary and Alternative Medicine Market Key Players:
1. Pure Encapsulations, Inc..(US)
2. Nordic Naturals(US)
3. Unity Woods Yoga Center(US)
4. Quantum Touch(US)
5. Geriatric & Medical Companies, Inc.,(US)
6. Herb Pharm(US)
7. Helio USA Inc.(US)
8. Columbia Nutritional(US)
9. John Schumachers Unity Woods Yoga Center(US)
10. Merck Sharp & Dohme Corporation(US)
11. Geri-Care pharmaceuticals(US)
12. UAS Laboratories.(US)
13. The Healing Company (New Zealand)
14. Nature's Bounty(UK)
15. First Natural Brands Ltd.(UK)
16. Ayush Ayurveda (India)
17. Herbal Hills(India)
18. Sheng Chang Pharmaceutical Company (Taiwan)
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Table of content for the Complementary and Alternative Medicine Market includes:
1. Complementary and Alternative Medicine Market: Research Methodology
1. Complementary and Alternative Medicine Market: Executive Summary
• Market Overview and Definitions
• Introduction to the Global Market
• Summary
• Key Findings
• Recommendations for Investors
• Recommendations for Market Leaders
• Recommendations for New Market Entry
3.Complementary and Alternative Medicine Market: Competitive Analysis
• MMR Competition Matrix
• Market Structure by region
• Competitive Benchmarking of Key Players
• Consolidation in the Market
• M&A by region
• Key Developments by Companies
• Market Drivers
• Market Restraints
• Market Opportunities
• Market Challenges
• Market Dynamics
• PORTERS Five Forces Analysis
• PESTLE
• Regulatory Landscape by region
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America
• COVID-19 Impact
1. Company Profile: Key players
• Company Overview
• Financial Overview
• Global Presence
• Capacity Portfolio
• Business Strategy
• Recent Developments
Key Offerings:
• Past Market Size and Competitive Landscape (2018 to 2021)
• Past Pricing and price curve by region (2018 to 2021)
• Market Size, Share, Size & Forecast by different segment | 2022-2029
• Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
• Market Segmentation - A detailed analysis by
• Competitive Landscape - Profiles of selected key players by region from a strategic perspective
• Competitive landscape - Market Leaders, Market Followers, Regional player
• Competitive benchmarking of key players by region
• PESTLE Analysis
• PORTER's analysis
• Value chain and supply chain analysis
• Legal Aspects of business by region
• Lucrative business opportunities with SWOT analysis
• Recommendations
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