Complementary and Alternative Medicine Market to Reach USD 362.96 Billion by 2030 at 17.9% CAGR

𝐂𝐨𝐦𝐩𝐥𝐞𝐦𝐞𝐧𝐭𝐚𝐫𝐲 𝐚𝐧𝐝 𝐀𝐥𝐭𝐞𝐫𝐧𝐚𝐭𝐢𝐯𝐞 𝐌𝐞𝐝𝐢𝐜𝐢𝐧𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐏𝐨𝐢𝐬𝐞𝐝 𝐟𝐨𝐫 𝐑𝐞𝐦𝐚𝐫𝐤𝐚𝐛𝐥𝐞 𝐆𝐫𝐨𝐰𝐭𝐡

The global complementary and alternative medicine (CAM) market is experiencing significant expansion, driven by increasing consumer interest in holistic health approaches and natural therapies. In 2023, the market was valued at approximately USD 135.14 billion and is projected to grow at a compound annual growth rate (CAGR) of 17.9% from 2024 to 2030.

𝐂𝐨𝐦𝐩𝐥𝐞𝐦𝐞𝐧𝐭𝐚𝐫𝐲 𝐚𝐧𝐝 𝐀𝐥𝐭𝐞𝐫𝐧𝐚𝐭𝐢𝐯𝐞 𝐌𝐞𝐝𝐢𝐜𝐢𝐧𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐢𝐳𝐞 𝐚𝐧𝐝 𝐆𝐫𝐨𝐰𝐭𝐡

The CAM market encompasses a diverse range of practices, including traditional alternative medicine, mind healing, body healing, external energy therapies, and sensory healing. Factors such as growing awareness of CAM, increasing disposable incomes, and supportive government initiatives are contributing to this upward trend.

𝐆𝐫𝐚𝐛 𝐲𝐨𝐮𝐫 𝐬𝐚𝐦𝐩𝐥𝐞 𝐜𝐨𝐩𝐲 𝐨𝐟 𝐭𝐡𝐢𝐬 𝐫𝐞𝐩𝐨𝐫𝐭 𝐧𝐨𝐰: https://www.maximizemarketresearch.com/request-sample/74005/

𝐂𝐨𝐦𝐩𝐥𝐞𝐦𝐞𝐧𝐭𝐚𝐫𝐲 𝐚𝐧𝐝 𝐀𝐥𝐭𝐞𝐫𝐧𝐚𝐭𝐢𝐯𝐞 𝐌𝐞𝐝𝐢𝐜𝐢𝐧𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐂𝐨𝐮𝐧𝐭𝐫𝐲-𝐒𝐩𝐞𝐜𝐢𝐟𝐢𝐜 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬

𝑪𝒐𝒎𝒑𝒍𝒆𝒎𝒆𝒏𝒕𝒂𝒓𝒚 𝒂𝒏𝒅 𝑨𝒍𝒕𝒆𝒓𝒏𝒂𝒕𝒊𝒗𝒆 𝑴𝒆𝒅𝒊𝒄𝒊𝒏𝒆 𝑴𝒂𝒓𝒌𝒆𝒕 𝑶𝒑𝒑𝒐𝒓𝒕𝒖𝒏𝒊𝒕𝒊𝒆𝒔 𝒊𝒏 𝑽𝒊𝒆𝒕𝒏𝒂𝒎

Vietnam is witnessing a surge in the adoption of CAM practices, particularly traditional medicine. The integration of traditional Vietnamese medicine into the national healthcare system has bolstered the credibility and acceptance of CAM therapies. This integration presents opportunities for growth in both urban and rural areas.

𝑪𝒐𝒎𝒑𝒍𝒆𝒎𝒆𝒏𝒕𝒂𝒓𝒚 𝒂𝒏𝒅 𝑨𝒍𝒕𝒆𝒓𝒏𝒂𝒕𝒊𝒗𝒆 𝑴𝒆𝒅𝒊𝒄𝒊𝒏𝒆 𝑴𝒂𝒓𝒌𝒆𝒕 𝑮𝒓𝒐𝒘𝒕𝒉 𝒊𝒏 𝑻𝒉𝒂𝒊𝒍𝒂𝒏𝒅

Thailand has seen a notable increase in the popularity of CAM, especially in wellness tourism. The country's rich heritage in traditional Thai massage and herbal medicine attracts both locals and tourists seeking alternative treatments. Government support for CAM integration into healthcare services further fuels this growth.

𝑪𝒐𝒎𝒑𝒍𝒆𝒎𝒆𝒏𝒕𝒂𝒓𝒚 𝒂𝒏𝒅 𝑨𝒍𝒕𝒆𝒓𝒏𝒂𝒕𝒊𝒗𝒆 𝑴𝒆𝒅𝒊𝒄𝒊𝒏𝒆 𝑴𝒂𝒓𝒌𝒆𝒕 𝑻𝒓𝒆𝒏𝒅𝒔 𝒊𝒏 𝑱𝒂𝒑𝒂𝒏

In Japan, there is a growing interest in CAM practices such as acupuncture and Kampo (traditional Japanese herbal medicine). The aging population is increasingly turning to these therapies for chronic disease management and overall wellness, reflecting a trend towards personalized and preventive healthcare.

𝑪𝒐𝒎𝒑𝒍𝒆𝒎𝒆𝒏𝒕𝒂𝒓𝒚 𝒂𝒏𝒅 𝑨𝒍𝒕𝒆𝒓𝒏𝒂𝒕𝒊𝒗𝒆 𝑴𝒆𝒅𝒊𝒄𝒊𝒏𝒆 𝑴𝒂𝒓𝒌𝒆𝒕 𝑪𝒐𝒏𝒔𝒐𝒍𝒊𝒅𝒂𝒕𝒊𝒐𝒏 𝒊𝒏 𝑺𝒐𝒖𝒕𝒉 𝑲𝒐𝒓𝒆𝒂

South Korea's CAM market is expanding, with a focus on integrating traditional Korean medicine with modern healthcare practices. The government's efforts to standardize and promote CAM therapies have led to increased acceptance and utilization among the population.

𝑪𝒐𝒎𝒑𝒍𝒆𝒎𝒆𝒏𝒕𝒂𝒓𝒚 𝒂𝒏𝒅 𝑨𝒍𝒕𝒆𝒓𝒏𝒂𝒕𝒊𝒗𝒆 𝑴𝒆𝒅𝒊𝒄𝒊𝒏𝒆 𝑴𝒂𝒓𝒌𝒆𝒕 𝑼𝒑𝒅𝒂𝒕𝒊𝒐𝒏 𝒊𝒏 𝑺𝒊𝒏𝒈𝒂𝒑𝒐𝒓𝒆

Singapore is experiencing a modernization of CAM practices, with a focus on evidence-based approaches. The regulatory framework ensures the safety and efficacy of CAM therapies, encouraging public confidence and adoption. This environment fosters innovation and integration of CAM into mainstream healthcare.

𝑪𝒐𝒎𝒑𝒍𝒆𝒎𝒆𝒏𝒕𝒂𝒓𝒚 𝒂𝒏𝒅 𝑨𝒍𝒕𝒆𝒓𝒏𝒂𝒕𝒊𝒗𝒆 𝑴𝒆𝒅𝒊𝒄𝒊𝒏𝒆 𝑴𝒂𝒓𝒌𝒆𝒕 𝑶𝒑𝒑𝒐𝒓𝒕𝒖𝒏𝒊𝒕𝒊𝒆𝒔 𝒊𝒏 𝒕𝒉𝒆 𝑼.𝑺.

The United States has seen a significant rise in CAM usage, with approximately 42% of the population utilizing alternative medicine for primary care. The market is characterized by a diverse range of practices, including dietary supplements, mind-body interventions, and traditional healing methods. This trend is supported by increasing consumer demand for natural and holistic health solutions.

𝑪𝒐𝒎𝒑𝒍𝒆𝒎𝒆𝒏𝒕𝒂𝒓𝒚 𝒂𝒏𝒅 𝑨𝒍𝒕𝒆𝒓𝒏𝒂𝒕𝒊𝒗𝒆 𝑴𝒆𝒅𝒊𝒄𝒊𝒏𝒆 𝑴𝒂𝒓𝒌𝒆𝒕 𝑮𝒓𝒐𝒘𝒕𝒉 𝒊𝒏 𝑪𝒉𝒊𝒏𝒂

China's CAM market is deeply rooted in traditional Chinese medicine (TCM), which remains a fundamental component of the healthcare system. The government's strong support for TCM, both domestically and internationally, has led to advancements in research, standardization, and global outreach, contributing to the market's robust growth.

𝑪𝒐𝒎𝒑𝒍𝒆𝒎𝒆𝒏𝒕𝒂𝒓𝒚 𝒂𝒏𝒅 𝑨𝒍𝒕𝒆𝒓𝒏𝒂𝒕𝒊𝒗𝒆 𝑴𝒆𝒅𝒊𝒄𝒊𝒏𝒆 𝑴𝒂𝒓𝒌𝒆𝒕 𝑻𝒓𝒆𝒏𝒅𝒔 𝒊𝒏 𝑬𝒖𝒓𝒐𝒑𝒆

Europe represents a significant share of the global CAM market, with countries like France reporting that 75% of the population utilizes alternative medicine. The region is witnessing a growing acceptance of CAM therapies, driven by increasing consumer awareness and a preference for natural and preventive healthcare solutions.

𝐊𝐞𝐲 𝐑𝐞𝐜𝐞𝐧𝐭 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭𝐬

In March 2023, 𝗧𝗵𝗲 𝗛𝗲𝗮𝗹𝗶𝗻𝗴 𝗖𝗼𝗺𝗽𝗮𝗻𝘆, a U.S.-based health and wellness firm, acquired 𝗖𝗵𝗼𝗽𝗿𝗮 𝗚𝗹𝗼𝗯𝗮𝗹'𝘀 wellbeing experiences businesses for $8 million. This acquisition enhances The Healing Company's offerings and strengthens its presence in the CAM market, capitalizing on wellness trends and enhancing credibility in holistic health solutions.

In September 2024, European private-equity firm 𝗔𝗿𝗰𝗵𝗶𝗠𝗲𝗱 made its first investment in Asia by acquiring 𝗝𝗲𝗶𝘀𝘆𝘀 𝗠𝗲𝗱𝗶𝗰𝗮𝗹, a South Korean manufacturer of energy-based devices used in aesthetic medical treatments, for approximately $742 million. This move reflects the growing consumer demand for less invasive, age-defying treatments and signifies a strategic expansion into the Asian CAM market.

𝐂𝐮𝐫𝐢𝐨𝐮𝐬 𝐭𝐨 𝐩𝐞𝐞𝐤 𝐢𝐧𝐬𝐢𝐝𝐞? 𝐆𝐫𝐚𝐛 𝐲𝐨𝐮𝐫 𝐬𝐚𝐦𝐩𝐥𝐞 𝐜𝐨𝐩𝐲 𝐨𝐟 𝐭𝐡𝐢𝐬 𝐫𝐞𝐩𝐨𝐫𝐭 𝐧𝐨𝐰: https://www.maximizemarketresearch.com/request-sample/74005/

𝐂𝐨𝐦𝐩𝐥𝐞𝐦𝐞𝐧𝐭𝐚𝐫𝐲 𝐚𝐧𝐝 𝐀𝐥𝐭𝐞𝐫𝐧𝐚𝐭𝐢𝐯𝐞 𝐌𝐞𝐝𝐢𝐜𝐢𝐧𝐞 𝐌𝐚𝐫𝐤𝐞𝐭, 𝐒𝐞𝐠𝐦𝐞𝐧𝐭 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬:

𝘽𝙮 𝙄𝙣𝙩𝙚𝙧𝙫𝙚𝙣𝙩𝙞𝙤𝙣

Traditional Alternative Medicine/Botanicals
Mind Healing
Body Healing
External Energy

By Intervention, Body Healing: Massage promotes relaxation by using your body's pressure points and nerve endings. There are numerous forms of massage, including reflexology, Heller work, and shiatsu. People in the working sector most frequently seek massage treatment because it lowers stress and anxiety, elevates mood, promotes relaxation, and controls pain. Following surgery, massage promotes wound healing and may reduce or eliminate scarring. Additionally, foot massage helps with pain, nausea, and relaxation. The market for complementary and alternative medicine is predicted to develop at a compound annual growth rate (CAGR) of 9%.

𝘽𝙮 𝙋𝙧𝙤𝙙𝙪𝙘𝙩

Vitamins
Minerals
Herbal products
others

𝘽𝙮 𝘿𝙞𝙨𝙚𝙖𝙨𝙚𝙨

Cancer
Diabetes
Chronic pain
Coronary artery disease
Others

During the projected period, the cancer segment is anticipated to increase at a compound annual growth rate (CAGR) of 8.1%. The use of complementary and alternative medicine by cancer patients has been steadily increasing for decades. Complementary and alternative medicine is used by 16% of cancer patients in the UK. The number is similar to the 13% reported in the US for the use of complementary and alternative medicine. On the other hand, 29% of 127 cancer patients surveyed in the UK reported using complementary and alternative therapy in some capacity.

𝘽𝙮 𝘿𝙞𝙨𝙩𝙧𝙞𝙗𝙪𝙩𝙞𝙤𝙣 𝘾𝙝𝙖𝙣𝙣𝙚𝙡

Direct Sales
E-sales
Distance Correspondence
Other

𝐓𝐨 𝐝𝐞𝐥𝐯𝐞 𝐝𝐞𝐞𝐩𝐞𝐫 𝐢𝐧𝐭𝐨 𝐭𝐡𝐢𝐬 𝐫𝐞𝐬𝐞𝐚𝐫𝐜𝐡, 𝐤𝐢𝐧𝐝𝐥𝐲 𝐞𝐱𝐩𝐥𝐨𝐫𝐞 𝐭𝐡𝐞 𝐟𝐨𝐥𝐥𝐨𝐰𝐢𝐧𝐠 𝐥𝐢𝐧𝐤: https://www.maximizemarketresearch.com/request-sample/74005/

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. 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)

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