Press release
Global Complementary and Alternative Medicine Market Poised to Reach USD 362.96 Billion by 2030, Growing at a 17.9% CAGR
Complementary and Alternative Medicine Market
The Global Complementary and Alternative Medicine (CAM) Market is experiencing a significant transformation, driven by increasing consumer awareness of holistic healthcare approaches. According to industry reports, the market size was valued at USD 135.14 billion in 2024 and is projected to reach USD 362.96 billion by 2033, growing at a CAGR of approximately 17.9% during the forecast period
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►Competitive Landscape: Key Players Driving Market Expansion
The competitive landscape of the CAM market is evolving with strategic mergers, acquisitions, and product innovations. Companies such as Optum and DaVita Medical Group have expanded their portfolios by acquiring healthcare entities focused on integrative medicine. Additionally, the increasing penetration of digital health platforms is further boosting accessibility to CAM treatments.
► Regional Insights: Growth, Opportunities, Trends, and Market Consolidation
United States: Strong Growth Fueled by Innovation and Investments
The U.S. CAM market is expanding rapidly due to high consumer demand for preventive healthcare. Increased investments in wellness-focused treatments and venture capital funding exceeding USD 15 million in healthcare technology are driving market innovation.The adoption of chiropractic care, acupuncture, and naturopathy is increasing, aided by enhanced insurance coverage and greater accessibility.
Asia-Pacific: The Fastest Growing Region
Asia-Pacific is projected to be the fastest-growing market, fueled by rising health consciousness and government initiatives promoting traditional medicine. In India, the National Medical Commission (NMC) has mandated the integration of Ayurveda, Yoga, and Homeopathy (AYUSH) practices into medical education. Additionally, Japan is witnessing growing demand for acupuncture therapy, with over23 million adults suffering from chronic pain seeking CAM treatments.
Europe: Leading in Market Share with Strong Government Support
Europe currently holds the largest market share, driven by government-backed initiatives integrating CAM into conventional healthcare. The European Commission's Beating Cancer Plan actively promotes the use of acupuncture, herbal medicine, and nutritional support alongside traditional cancer treatments.Moreover, Germany and France have implemented strong regulatory frameworks to integrate alternative medicine into their national healthcare systems
► Recent Mergers and Acquisitions in the Complementary and Alternative Medicine Industry
North America:
In March 2023, The Healing Company acquired Chopra Global's wellbeing experiences businesses for $8 million. This acquisition strengthened The Healing Company's presence in the holistic health solutions market, capitalizing on wellness trends and enhancing its credibility in complementary and alternative medicine offerings.
Europe:
There has been significant investment in alternative medicine institutions, particularly in Germany, France, and the UK. However, specific mergers and acquisitions in this region were not highlighted in the latest reports.
Asia-Pacific:
The Asia-Pacific region is expected to be the fastest-growing market for CAM. The increasing adoption of traditional medicine such as Ayurveda in India and Traditional Chinese Medicine (TCM) in China has led to local acquisitions, though no major cross-border acquisitions were reported
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► Complementary and Alternative Medicine Market Segmentation
By Intervention
Traditional Alternative Medicine/Botanicals
Mind Healing
Body Healing
External Energy
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
Over the course of the projection period, the cancer segment 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. 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
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► 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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