Complementary and Alternative Medicine Market Share Insights | Global Demand & Trends analysis | Forecast | 2030

Global Complementary and Alternative Medicine Market size was valued at USD 135.14 Billion in 2023 and the revenue is expected to grow by 17.9% from 2024 to 2030, reaching nearly USD 362.96 Billion by 2030.

A global Healthcare business-consulting firm, Maximize Market Research, has published a market intelligence and competitive landscape report on the "Complementary and Alternative Medicine Market." The report is a combination of primary data and secondary data and domain experts have analysed the Complementary and Alternative Medicine Market from a local, regional and global point of view. Over the forecast period, Maximize Market Research expects the Complementary and Alternative Medicine Market to grow from USD 135.14 Billion in 2023 to USD 362.96 Billion in 2030 at a CAGR of 17.9%

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Complementary and Alternative Medicine Market Report Scope

Market Size in 2023: USD 135.14 Billion
Market Size in 2030: USD 362.96 Billion
CAGR: 17.9%
Forecast Period: 2024-2030
Base Year: 2023
Number of Pages: 284
No. of Tables: 133
No. of Charts and Figures: 183

Segment Covered: By Intervention, Product, Diseases, Distribution Channel
Regional Scope: North America, Europe, Asia Pacific, Middle East and Africa, South America
Report Coverage: Market Share, Size and Forecast by Revenue | 2023-2030, Market
Dynamics, Growth Drivers, Restraints, Investment Opportunities, and Key Trends,
Competitive Landscape, Key Players Benchmarking, Competitive Analysis, SMR Competition
Matrix, Competitive Leadership Mapping, Global Key Players' Market Ranking Analysis.

Complementary and Alternative Medicine Market Overview

Complementary and Alternative Medicine covers a wide range of healthcare practices. The global Complementary and Alternative Medicine Market is experiencing significant growth. Half of the world's population is dependent on alternative medicine, including the United States (42%), Australia (48%), Canada (70%), and France (49%). Around 75% of the population in France, 42% of the population in the United States, 86% of the population in Egypt, and 88% of the population in the Kingdom of Saudi Arabia were found to utilize Complementary and Alternative Medicine for primary care. Along with, traditional healers treat 90% of patients in Bangladesh, 85% in Myanmar, 80% in India, 75% in Nepal, 65% in Sri Lanka, and 60% in Indonesia according to MMR Research.

Complementary and Alternative Medicine Market Dynamics

The increasing incidence of chronic conditions like cancer is expected to accelerate the growth of the complementary and alternative medicine sector. Self-medication, traditional healing techniques, and indigenous systems of medicine, including Ayurveda, herbal preparations, Yunani, homeopathy, acupuncture, naturopathy, chiropractic manipulation, and other therapies are the factors growing the Complementary and Alternative Medicine Market.

Complementary and Alternative Medicine Market Regional analysis

Complementary and alternative medicine market leading in North America due to an increasing population with significant disorders and escalating healthcare expenditure. In 2023, North America led in revenue compared to other regions. In Europe, the Global Complementary and Alternative Medicine Market is expected to hold a significant revenue share in the forecast period. In 2023, Europe has a leading position as the most significant global market for complementary and alternative medicine, having a 28.72% market revenue share. From 2021 to 2028, the complementary and alternative medicine industry in the Middle East and Africa is expected to experience the fastest growth.

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Complementary and Alternative Medicine Market Segmentation

By Intervention:

• Traditional Alternative
• Medicine/Botanicals
• Mind Healing
• Body Healing
• External Energy

By Product:

• Vitamins
• Minerals
• Herbal products
• others

By Diseases:

• Cancer
• Diabetes
• Chronic pain
• Coronary artery disease
• Others

By Distribution Channel:

• Direct Sales
• E-sales
• Distance Correspondence
• Other

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Key Players of Complementary and Alternative Medicine Market include:

• Pure Encapsulations, Inc. (US)
• Nordic Naturals (US)
• Unity Woods Yoga Center (US)
• Quantum Touch (US)
• Geriatric & Medical Companies, Inc., (US)
• Herb Pharm (US)
• Helio USA Inc. (US)
• Merck Sharp & Dohme Corporation (US)
• UAS Laboratories. (US)

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Key questions answered in the Complementary and Alternative Medicine Market are

• What is the growth rate of the Complementary and Alternative Medicine Market?
• Which region is expected to dominate the Complementary and Alternative Medicine Market?
• What is the expected Complementary and Alternative Medicine Market size by 2030?
• Which are the top players in the Complementary and Alternative Medicine Market?
• What are the factors driving the Complementary and Alternative Medicine Market growth?
• Which country held the largest Complementary and Alternative Medicine Market share in 2023?

Key offerings

• Past Market Size and Competitive Landscape (2018 to 2023)
• Past Pricing and price curve by region (2018 to 2023)
• Market Size, Share, Size & Forecast by Different Segment | 2024-2030
• Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by Region
• Market Segmentation - A detailed analysis of the Offerings, Vertical, Application and Region
• 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
• Recommendations

Maximize Market Research is leading Healthcare research firm, has also published the following reports:

• Herbal Medicine Market was valued at US$ 233.31 Bn. in 2023. Global Market size is expected to grow at a CAGR of 12 % through the forecast period.

• PEGylated Proteins Market is expected to reach US$ 2.50 Bn. at a CAGR of 10.45% during the forecast period 2029.

Contact Maximize Market Research:

3rd Floor, Navale IT Park, Phase 2
Pune Banglore Highway, Narhe,
Pune, Maharashtra 411041, India
sales@maximizemarketresearch.com
+91 96071 95908, +91 9607365656

About Maximize Market Research:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

This release was published on openPR.