Press release
Complementary and Alternative Medicine Market to Reach USD 362.96 Billion by 2030, Growing at 17.9% CAGR
Complementary and Alternative Medicine Market
The Complementary and Alternative Medicine (CAM) Market is experiencing notable growth due to increasing demand driven by several factors. Rising consumer awareness regarding holistic health and wellness, along with a growing preference for natural and non-invasive treatments, are key contributors. Many individuals are turning to CAM therapies such as acupuncture, herbal remedies, and yoga for preventive health measures, stress management, and chronic disease treatment.
Increased government support and the integration of CAM practices into conventional healthcare systems are also propelling market demand. However, challenges such as the lack of scientific validation for certain therapies and regulatory hurdles may affect growth in certain regions.
๐๐จ๐ฆ๐ฉ๐ฅ๐๐ฆ๐๐ง๐ญ๐๐ซ๐ฒ ๐๐ง๐ ๐๐ฅ๐ญ๐๐ซ๐ง๐๐ญ๐ข๐ฏ๐ ๐๐๐๐ข๐๐ข๐ง๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐๐ ๐๐ฌ๐ญ๐ข๐ฆ๐๐ญ๐ข๐จ๐ง:
Worldwide Alternative and Complementary Medicine The market was estimated to be worth USD 135.14 billion in 2023, and revenue is predicted to increase by 17.9% between 2024 and 2030 to reach over USD 362.96 billion.
๐๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ ๐๐๐๐ข๐ญ๐ข๐จ๐ง๐๐ฅ ๐๐๐ญ๐๐ข๐ฅ๐ฌ ๐๐ฒ ๐๐ฅ๐ข๐๐ค๐ข๐ง๐ ๐ญ๐ก๐ ๐ฅ๐ข๐ง๐ค ๐ฉ๐ซ๐จ๐ฏ๐ข๐๐๐: https://www.maximizemarketresearch.com/request-sample/74005/
๐๐จ๐ฆ๐ฉ๐ฅ๐๐ฆ๐๐ง๐ญ๐๐ซ๐ฒ ๐๐ง๐ ๐๐ฅ๐ญ๐๐ซ๐ง๐๐ญ๐ข๐ฏ๐ ๐๐๐๐ข๐๐ข๐ง๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง:
By Intervention
Traditional Alternative Medicine/Botanicals
Mind Healing
Body Healing
External Energy
By Intervention, Body Healing: Massage encourages relaxation by stimulating pressure points and nerve endings in the body. There are numerous kinds of massage, including reflexology, Heller work, and shiatsu. Massage treatment is most demanded by those in the working sector since it reduces stress and anxiety, elevates mood, promotes relaxation, and controls pain. Massage aids in the healing of surgical incision sites and may prevent or reduce scarring. The Complementary and Alternative Medicine Market is predicted to expand at a CAGR of 9%. Additionally, foot massage has a favorable impact on pain, nausea, and relaxation.
By Product
Vitamins
Minerals
Herbal products
others
By Diseases
Cancer
Diabetes
Chronic pain
Coronary artery disease
Others
Throughout the forecast period, the cancer segment of the diseases market is anticipated to expand at a CAGR of 8.1%. The use of complementary and alternative medicine by cancer patients has been steadily increasing for decades. In the UK, 16% of cancer patients use complementary and alternative therapies. Comparable, the percentage of Americans who use complementary and alternative medicine is reported to be 13%. Nonetheless, 29% of 127 cancer patients surveyed in the UK reported using complementary and alternative treatment.
By Distribution Channel
Direct Sales
E-sales
Distance Correspondence
Other
๐๐จ๐ฆ๐ฉ๐ฅ๐๐ฆ๐๐ง๐ญ๐๐ซ๐ฒ ๐๐ง๐ ๐๐ฅ๐ญ๐๐ซ๐ง๐๐ญ๐ข๐ฏ๐ ๐๐๐๐ข๐๐ข๐ง๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐ
The Complementary and Alternative Medicine (CAM) Market encompasses a wide range of medical practices and products that are not traditionally part of conventional medicine. These include therapies such as acupuncture, herbal medicine, homeopathy, yoga, and chiropractic care. The market is growing steadily, driven by a shift in consumer preference towards natural and holistic approaches to health. Rising awareness of the benefits of CAM for managing chronic conditions, mental health, and overall wellness, as well as its integration into healthcare systems, has fueled demand. However, the market also faces challenges such as regulatory issues and a lack of standardized clinical evidence in some areas.
๐๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ ๐๐๐๐ข๐ญ๐ข๐จ๐ง๐๐ฅ ๐๐๐ญ๐๐ข๐ฅ๐ฌ ๐๐ฒ ๐๐ฅ๐ข๐๐ค๐ข๐ง๐ ๐ญ๐ก๐ ๐ฅ๐ข๐ง๐ค ๐ฉ๐ซ๐จ๐ฏ๐ข๐๐๐: https://www.maximizemarketresearch.com/request-sample/74005/
๐๐จ๐ฆ๐ฉ๐ฅ๐๐ฆ๐๐ง๐ญ๐๐ซ๐ฒ ๐๐ง๐ ๐๐ฅ๐ญ๐๐ซ๐ง๐๐ญ๐ข๐ฏ๐ ๐๐๐๐ข๐๐ข๐ง๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐จ๐ฐ๐ญ๐ก ๐จ๐ซ ๐๐๐ฆ๐๐ง๐ ๐ข๐ง ๐ฐ๐ก๐ข๐๐ก ๐ซ๐๐ ๐ข๐จ๐ง๐ฌ?
The research includes in-depth examinations of the Middle East, South America, Europe, Africa, and Asia-Pacific region. Understanding the intricate dynamics of the Complementary and Alternative Medicine Market is one aspect of regional analysis. A framework of product imports and exports by nations and regions, as well as market sizes and growth rates for Complementary and Alternative Medicine, are included in the report. An overview of the most current developments in the field from a number of different countries and areas is given in this paper.
๐๐จ๐ฆ๐ฉ๐ฅ๐๐ฆ๐๐ง๐ญ๐๐ซ๐ฒ ๐๐ง๐ ๐๐ฅ๐ญ๐๐ซ๐ง๐๐ญ๐ข๐ฏ๐ ๐๐๐๐ข๐๐ข๐ง๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐จ๐ฉ๐ ๐๐ง๐ ๐๐๐ญ๐ก๐จ๐๐จ๐ฅ๐จ๐ ๐ฒ:
The Complementary and Alternative Medicine (CAM) Market scope covers a broad array of non-conventional healthcare practices, including acupuncture, herbal remedies, yoga, chiropractic care, naturopathy, and homeopathy. These therapies are used in conjunction with or as alternatives to conventional medical treatments. The market spans across various sectors such as wellness centers, holistic clinics, and specialized therapy providers, targeting individuals seeking preventive healthcare, stress relief, and management of chronic conditions.
The methodology for studying the CAM market typically involves a combination of primary and secondary research. Primary research includes interviews with practitioners, industry experts, and end users, while secondary research involves analysis of industry reports, medical journals, and regulatory frameworks. Market sizing and forecasting models are employed to assess the market's growth trends, competitive landscape, and emerging opportunities. This comprehensive approach ensures accurate and actionable insights into market dynamics.
๐ ๐จ๐ซ ๐ ๐๐๐๐ฉ๐๐ซ ๐ฎ๐ง๐๐๐ซ๐ฌ๐ญ๐๐ง๐๐ข๐ง๐ , ๐๐ฅ๐ข๐๐ค ๐จ๐ง ๐ญ๐ก๐ ๐ฅ๐ข๐ง๐ค: https://www.maximizemarketresearch.com/request-sample/74005/
๐๐จ๐ฆ๐ฉ๐ฅ๐๐ฆ๐๐ง๐ญ๐๐ซ๐ฒ ๐๐ง๐ ๐๐ฅ๐ญ๐๐ซ๐ง๐๐ญ๐ข๐ฏ๐ ๐๐๐๐ข๐๐ข๐ง๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฒ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ
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. Merck Sharp & Dohme Corporation(US)
9. UAS Laboratories.(US)
10. The Healing Company (New Zealand)
11. Nature's Bounty(UK)
12. First Natural Brands Ltd.(UK)
13. Herbal Hills(India)
14. Sheng Chang Pharmaceutical Company (Taiwan)
15. Ramamani Iyengar Memorial Yoga Institute (Maharashtra, India)
16. Ayush Ayurvedic Pte. Ltd.(Singapore)
17. Columbia Nutritional LLC (Washington, United States)
18. Yoga Tree Studios, Inc. (Toronto, Ontario, Canada)
19. ALCES LLP, (London, United Kingdom)
20. Amrita Ayurveda and Yoga, (Kerala, India)
21. NatureKue, (Singapore)
22. Body and Soul Yoga Club, (Brussels, Belgium)
23. Bikram Yoga, (California, United States)
24. LKK Health Products Group Limited (Hong Kong, China)
๐๐จ ๐๐๐๐๐ฌ๐ฌ ๐ฆ๐จ๐ซ๐ ๐๐จ๐ฆ๐ฉ๐ซ๐๐ก๐๐ง๐ฌ๐ข๐ฏ๐ ๐ข๐ง๐๐จ๐ซ๐ฆ๐๐ญ๐ข๐จ๐ง, ๐๐ฅ๐ข๐๐ค ๐ก๐๐ซ๐: https://www.maximizemarketresearch.com/market-report/global-complementary-and-alternative-medicine-market/74005/
๐๐๐ฒ ๐ช๐ฎ๐๐ฌ๐ญ๐ข๐จ๐ง๐ฌ ๐๐ง๐ฌ๐ฐ๐๐ซ๐๐ ๐ข๐ง ๐ญ๐ก๐ ๐๐จ๐ฆ๐ฉ๐ฅ๐๐ฆ๐๐ง๐ญ๐๐ซ๐ฒ ๐๐ง๐ ๐๐ฅ๐ญ๐๐ซ๐ง๐๐ญ๐ข๐ฏ๐ ๐๐๐๐ข๐๐ข๐ง๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐:
โข What is Complementary and Alternative Medicine?
โข What is the growth rate of the Complementary and Alternative Medicine?
โข Which are the factors expected to drive the Complementary and Alternative Medicine Market growth?
โข What are the different segments of the Complementary and Alternative Medicine?
โข What growth strategies are the players considering to increase their presence in Complementary and Alternative Medicine?
โข What are the upcoming industry applications and trends for the Complementary and Alternative Medicine?
โข What are the recent industry trends that can be implemented to generate additional revenue streams for the Complementary and Alternative Medicine?
โข What major challenges could the Complementary and Alternative Medicine face in the future?
โข What segments are covered in the Complementary and Alternative Medicine?
โข Who are the leading companies and what are their portfolios in Complementary and Alternative Medicine?
โข What segments are covered in the Complementary and Alternative Medicine?
โข Who are the key players in the Complementary and Alternative Medicine Market?
๐๐๐ฅ๐๐ญ๐๐ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ:
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๐๐จ๐ง๐ญ๐๐๐ญ ๐๐๐ฑ๐ข๐ฆ๐ข๐ณ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก:
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๐๐๐จ๐ฎ๐ญ ๐๐๐ฑ๐ข๐ฆ๐ข๐ณ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก:
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.
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