Press release
Key Trends Shaping the Future Complementary And Alternative Medicine Market From 2025-2034: Advanced Aromatherapy Solutions In The CAM Market
Complementary And Alternative Medicine
The increasing prevalence of chronic diseases is expected to spur the growth of the complementary and alternative medicine (CAM) market. Chronic diseases are long-term health conditions that persist and usually do not resolve independently. The rise in chronic diseases is linked to aging populations, unhealthy lifestyles, and environmental factors. CAM provides alternative treatments, promoting holistic health and addressing factors like stress and inflammation. According to the Singapore Heart Foundation, ischemic heart diseases led to 5,302 deaths in 2023, reflecting an increase from the previous year. Thus, the prevalence of chronic diseases is driving the growth of the CAM market.
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What is the future CAGR of the complementary and alternative medicine market, and how will it impact industry expansion?
The complementary and alternative medicine market has grown rapidly in recent years. It will grow from $182.31 billion in 2024 to $220.68 billion in 2025, at a compound annual growth rate (CAGR) of 21.0%. The growth is driven by rising consumer awareness, an increase in chronic diseases, higher healthcare costs, dissatisfaction with conventional treatments, and cultural and societal acceptance.
The complementary and alternative medicine market is set for exponential growth, reaching $468.31 billion by 2029 with a CAGR of 20.7%. The growth is attributed to personalized medicine, preventive healthcare, expanding insurance coverage for CAM therapies, the demand for natural products, and the rise of digital health platforms and telemedicine. Trends include the growth of telehealth consultations, a focus on mental health, the rise of self-care remedies, wearable health technology adoption, and the integration of AI and machine learning in CAM treatments.
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What are the most significant trends transforming the complementary and alternative medicine market today?
Companies in the complementary and alternative medicine market are focusing on advanced solutions like aromatherapy to maintain competitiveness. Aromatherapy uses essential oils and aromatic compounds from plants for health and wellness. For example, in December 2022, Adoratherapy, a US-based aromatherapy product developer, launched the Alkemie Chakra Healing collection, featuring aroma perfume sprays, dry touch body oils, body lotions, and lotion candles. These products are designed to balance and heal the body using aromatherapy principles with essential oils as active components.
Which key market segments comprise the complementary and alternative medicine market and drive its revenue growth?
The complementary and alternative medicine market covered in this report is segmented -
1) By Type: Alternative Medical Systems, Mind-Body Interventions, Biologically Based Therapies, Manipulative And Body-Based Methods, Energy Therapies, Other Types
2) By Disease Indication: Arthritis, Asthma, Cancer, Diabetes, Cardiology, Neurology, Other Disease Indications
3) By Application: E-training, Direct Contact, Distance Correspondence
4) By End-Users: Hospitals, Specialty Clinics, Therapy Centers, Other End-Users
Subsegments:
1) By Alternative Medical Systems: Traditional Chinese Medicine (TCM), Ayurveda, Naturopathy, Homeopathy, Native American Medicine, Unani Medicine
2) By Mind-Body Interventions: Meditation, Yoga And Tai Chi, Cognitive Behavioral Therapy (CBT), Hypnotherapy, Biofeedback
3) By Biologically Based Therapies: Herbal Medicine, Dietary Supplements, Functional Foods, Probiotics, Vitamins And Minerals, Aromatherapy
4) By Manipulative And Body-Based Methods: Chiropractic Care, Massage Therapy, Osteopathic Manipulative Therapy, Acupressure, Reflexology
5) By Energy Therapies: Reiki, Therapeutic Touch, Acupuncture, Qigong, Healing Touch
6) By Other Types: Aromatherapy, Light Therapy, Music Therapy, Art Therapy, Crystal Healing
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What regions are at the forefront of complementary and alternative medicine market expansion?
North America was the largest region in the complementary and alternative medicine market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the complementary and alternative medicine market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the leading players fueling growth in the complementary and alternative medicine market?
Major companies operating in the complementary and alternative medicine market are Bikram Yoga, ARKOPHARMA Laboratories Company Limited, Aboca SpA, Boiron USA, Laboratorios Funat, Nordic Nutraceuticals, Dabur India Ltd., Nordic Naturals, UAS Laboratories, A.Vogel Ltd., Quantum-Touch, Herb Pharm LLC, Creative Biolabs, Nature's Bounty, Baidyanath Group, SKM Siddha and Ayurvedha Company Ltd., Weleda AG, Afriplex, Herbal Hills, Arya Vaidya Pharmacy, Edizioni Riza spa, Vaidyaratnam Oushadhasala Pvt. Ltd., Nutritional Wellness Center, PEKANA Naturheilmittel GmbH, Himalaya Global Holdings Ltd. (Himalaya Herbal Healthcare), Geriatric & Medical Companies Inc., Naturoveda Health World, Alternative Medicine Institute, e-Therapeutics plc
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What Is Covered In The Complementary And Alternative Medicine Global Market Report?
•Market Size Forecast: Examine the complementary and alternative medicine market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the complementary and alternative medicine market for a structured understanding.
•Key Players Overview: Analyze major players in the complementary and alternative medicine market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the complementary and alternative medicine market.
•Segment Contributions: Evaluate how different segments drive overall growth in the complementary and alternative medicine market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the complementary and alternative medicine market.
•Industry Challenges: Identify potential risks and obstacles affecting the complementary and alternative medicine market.
•Competitive Landscape: Review strategic developments in the complementary and alternative medicine market, including expansions, agreements, and new product launches.
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