Complementary and Alternative Medicine market research report gives details of recent developments, product launches, joint ventures, mergers, acquisitions, and competitive research by the several key players and brands that are driving the market.
Complementary and Alternative Medicine market research report gives details of recent developments, product launches, joint ventures, mergers, acquisitions, and competitive research by the several key players and brands that are driving the market. While designing this top-class market report containing detailed market analysis, inputs from industry experts have been chewed over. A variety of definitions and classification of the industry, applications of the industry and chain structure are covered in this industry analysis report. It also puts a light on the company profiles, product specifications, production value, company’s contact information and market shares for company.
An excellent Complementary and Alternative Medicine market survey report is generated with the combination of best industry insight, practical solutions, talent solutions, and latest technology. It gives explanation about a methodical investigation of existing scenario of the global market, which takes into account several market dynamics. With the market data of this report, emerging trends along with major drivers, challenges and opportunities in the market for Healthcare industry can be identified and analysed. Brilliant practice models and method of research utilized while generating this business report reveals the best opportunities to thrive in the market. While producing Complementary and Alternative Medicine market report, markets on the local, regional as well as global level are explored.
Data Bridge Market Research analyses that the complementary and alternative medicine market was valued at USD 100.04 billion in 2021 and is expected to reach USD 477.29 billion by 2029, registering a CAGR of 21.57% during the forecast period of 2022 to 2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
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Some of the major players operating in the complementary and alternative medicine market are:
- Nordic Naturals (US)
- Nature’s Bounty (US)
- Unity Woods Yoga Center (US)
- Columbia Nutritional (US)
- First Natural Brands Ltd. (UK)
- Ayush Ayurveda (India)
- Pure Encapsulations, LLC. (US)
- Quantum-Touch (US)
- Herb Pharm, LLC (US)
- Helio USA Inc. (US)
- Nestlé S.A. (Switzerland)
In recent years, the complementary and alternative medicine market is anticipated to grow rapidly during the forecast period. Approximately two-thirds of the population in most industrialized and developing nations has reported using alternative or complementary medicine. Several countries are moving toward the legalisation of alternative medicine and therapies that are substantiated by clinical evidence. Complementary and alternative therapies are utilized to treat chronic illnesses, long-term discomfort, and supplementary vitamins and food supplementation in addition to a conventional diet.
Complementary and Alternative Medicine Market Dynamics
Drivers
- Increasing prevalence of chronic diseases
The rising prevalence of chronic diseases such as cancer is estimated to enhance the growth rate of the Global complementary and Alternative Medicine Market. Complementary and alternative medicine (CAM) is majorly used in the treatment of cancer and also improves the common side effects such as pain, nausea and fatigue.
- Increasing investment for healthcare infrastructure
Another significant factor influencing the growth rate of complementary and alternative medicine market is the rising healthcare expenditure which helps in improving its infrastructure. Also, various government organizations aims to improve the healthcare infrastructure by increasing funding and this will further influence the market dynamics.
Furthermore, rising initiatives by public and private organizations to spread awareness will expand the complementary and alternative medicine market. Additionally, changing lifestyle of people and rising geriatric population will result in the expansion of complementary and alternative medicine market.
Opportunities
- Increase in the number of research and development activities
Moreover, the market’s growth is fueled by an increase in the number of research and development activities. This will provide beneficial opportunities for the complementary and alternative medicine market growth. Along with this, rising drug approvals and launches will further propel the market’s growth rate.
- Rising number of strategic collaborations
The market has grown substantially as a result of new product introductions in response to increased demand for treatments and continual innovation. For instance, Optum had purchased DaVita Medical Group in 2019. This purchase is towards the development of Novel therapies that children may administer and that can assist physicians, health professionals, physical therapists, and chiropractors. Furthermore, nearly two-thirds of the population in most industrialized and developing nations reported utilizing some type of alternative or complementary treatment as of early 2016.
Moreover, rising investment for the development of advanced technologies and an increase in the number of emerging markets will provide beneficial opportunities for the complementary and alternative medicine market growth during the forecast period.
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Global Complementary and Alternative Medicine Market Scope
The complementary and alternative medicine market is segmented on the basis of treatment, diagnosis, symptoms, dosage form, route of administration, end-users and distribution channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Alternative Medical Systems
- Mind-Body Interventions
- Biologically Based Therapies
- Manipulative and Body-Based Methods
- Energy Therapies
- Others
Disease Indication
- Arthritis
- Asthma
- Cancer
- Diabetes
- Cardiology
- Neurology
- Others
End-Users
- Hospitals
- Specialty Clinics
- Therapy Centers
- Others
Distribution Channel
- Hospitals
- Special Clinics/Centers
- Direct Contact
- E-Training
- Others
Complementary and Alternative Medicine Market Regional Analysis/Insights
The complementary and alternative medicine market is analysed and market size insights and trends are provided by country, treatment, diagnosis symptoms, dosage form, route of administration, end-users and distribution channel as referenced above.
The countries covered in the Complementary and alternative medicine market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
North America dominates the complementary and alternative medicine market because of the growing population with serious disorders and rising healthcare expenditure, which will further propel the market’s growth rate in this region. Additionally, growing presence of skilled professionals will further influence the market’s growth rate in this region
Asia-Pacific are expected to grow during the forecast period due to surging use of health supplements and easily availability of herbal supplements in this region. Also, development of healthcare infrastructure will further propel the market’s growth rate in this region.
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Report Investment: Know the Pros
**Besides assessing real time developments and triggers, this section of the report also presents notable past highlights that accelerated growth in Complementary and alternative medicine Market.
**A well scouted presentation of all the crucial segments that collectively harness maximum profit building in global Complementary and alternative medicine Market
**A detailed account of crucial market developments, potential investment bays as well as evaluation of successful business decisions that guide profitable business outcome
**A clear depiction of market specific dynamics, competitor analysis as well as gauging competition intensity
Some of the Major Highlights of TOC covers:
Chapter 1: Methodology & Scope
- Definition and forecast parameters
- Methodology and forecast parameters
- Data Sources
Chapter 2: Executive Summary
- Business trends
- Regional trends
- Product trends
- End-use trends
Chapter 3: Complementary and Alternative Medicine Industry Insights
- Industry segmentation
- Industry landscape
- Vendor matrix
- Technological and innovation landscape
Chapter 4: Complementary and Alternative Medicine Market, By Region
Chapter 5: Company Profile
- Business Overview
- Financial Data
- Product Landscape
- Strategic Outlook
- SWOT Analysis
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The inception of DBMR has been backed by providing clients with a holistic view of market conditions and future possibilities/opportunities to reap maximum profits out of their businesses and assist in decision making. Our team of in-house analysts and consultants works tirelessly to understand your needs and suggest the best possible solutions to fulfill your research requirements.
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