Press release
Increase In The Prevalence Of Chronic Diseases Driving The Complementary And Alternative Medicine Market: A Key Driver Powering Complementary And Alternative Medicine Market Growth In 2025
Complementary And Alternative Medicine
What Is the Current Complementary And Alternative Medicine Market Size and Its Estimated Growth Rate?
The complementary and alternative medicine market has experienced exponential growth in recent years. It will grow from $182.31 billion in 2024 to $220.68 billion in 2025 at a CAGR of 21.0%. Factors driving this growth include increased consumer awareness, a rise in chronic diseases, dissatisfaction with conventional medicine, rising healthcare costs, and cultural acceptance.
The complementary and alternative medicine market is expected to reach $468.31 billion by 2029 at a CAGR of 20.7%. Growth is driven by personalized medicine, preventive healthcare, and digital health platforms. Key trends include telehealth consultations, mental health focus, and AI integration in CAM treatments.
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How Are Emerging Segments Shaping the Complementary And Alternative Medicine Market Landscape?
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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Which Growth Factors Are Influencing Complementary And Alternative Medicine Market Expansion?
The rise in chronic diseases is expected to boost the complementary and alternative medicine (CAM) market. Chronic diseases, such as heart disease and diabetes, are becoming more prevalent due to aging populations and lifestyle factors. CAM provides alternative treatments for chronic conditions, offering holistic approaches to health and addressing underlying issues like stress. For example, the Singapore Heart Foundation reported a slight increase in deaths from ischemic heart diseases, from 5,290 in 2022 to 5,302 in 2023. Consequently, the rise in chronic diseases is driving the growth of the CAM market.
Who Are the Dominant Players Across Different Complementary And Alternative Medicine Market Segments?
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
What Complementary And Alternative Medicine Market Trends Are Gaining Traction Across Different Segments?
Companies in the complementary and alternative medicine market are developing solutions like aromatherapy products to improve well-being. Aromatherapy involves using essential oils to promote health. For instance, in December 2022, Adoratherapy, a US-based company, launched the Alkemie Chakra Healing collection, which includes aroma sprays and oils designed to balance and heal through aromatherapy.
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Which Geographic Regions Are Expected to Dominate the Complementary And Alternative Medicine Market in the Coming Years?
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.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Complementary And Alternative Medicine Market?
2. What is the CAGR expected in the Complementary And Alternative Medicine Market?
3. What Are the Key Innovations Transforming the Complementary And Alternative Medicine Industry?
4. Which Region Is Leading the Complementary And Alternative Medicine Market?
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