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DUBLIN , June 10, 2022 /PRNewswire/ -- The "Complementary and Alternative Medicine Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering.
The global complementary and alternative medicine market reached a value of US$ 100.04 billion in 2021. Looking forward, the market is projected to reach US$ 315.5 billion by 2027, exhibiting a CAGR of 20.8% during 2022-2027. Keeping in mind the uncertainties of COVID-19, the analyst is continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor. Complementary and alternative medicine (CAM) refers to medical products and practices that are not considered a part of conventional or standard medical treatment. It comprises a combination of self-administered products and activities, such as herbal medicines, homeopathic remedies, dietary supplements, and yoga, with chiropractic care, massage therapy, and acupuncture. It also includes manipulative and body-based practices, biofield therapy, and whole medical systems. At present, CAM is widely used to treat individuals with cancer and alleviate common side effects like nausea, pain, and fatigue. The rising consumer preferences for natural products and gentle therapies represent one of the key factors catalyzing the demand for CAM worldwide. Moreover, as it provides comfort and reduces the stress of patients, CAM is gaining widespread adoption in the diagnosis and prevention of various medical ailments. The growing prevalence of chronic diseases, along with the rising geriatric population, is positively influencing the market.
Furthermore, due to its increasing popularity, several health insurance companies are offering CAM coverage in their medical plans, which is contributing to market growth. Apart from this, governing agencies of numerous countries are focusing on promoting medical tourism, which is fueling the demand for CAM around the world. Additionally, there is a significant rise in the need for natural or alternative medicines to treat coronavirus disease (COVID-19) patients. This, in turn, is anticipated to promote the usage of CAM and offer lucrative opportunities to market players for expanding their consumer reach.
The competitive landscape of the industry has also been examined along with the profiles of the key players being Ayush Ayurvedic Pte Ltd., Columbia Nutritional LLC, Helio USA Inc., Herb Pharm LLC, Herbal Hills, Nature's Bounty, Nordic Naturals, Pure Encapsulations LLC (Nestle S.A.), Quantum-Touch, The Healing Company Ltd. and Unity Woods Yoga Center. Key Questions Answered in This Report
Key Topics Covered: 1 Preface 2 Scope and Methodology 3 Executive Summary 4 Introduction 4.1 Overview 4.2 Key Industry Trends 5 Global Complementary and Alternative Medicine Market 5.1 Market Overview 5.2 Market Performance 5.3 Impact of COVID-19 5.4 Market Forecast 6 Market Breakup by Type 6.1 Traditional Alternative Medicine Therapy 6.1.1 Market Trends 6.1.2 Market Forecast 6.2 Body Therapy 6.2.1 Market Trends 6.2.2 Market Forecast 6.3 Diet and Herbs Based Therapy 6.3.1 Market Trends 6.3.2 Market Forecast 6.4 Energy Healing Therapy 6.4.1 Market Trends 6.4.2 Market Forecast 6.5 Mind Therapy 6.5.1 Market Trends 6.5.2 Market Forecast 6.6 Others 6.6.1 Market Trends 6.6.2 Market Forecast 7 Market Breakup by Disease Indications 7.1 Arthritis 7.1.1 Market Trends 7.1.2 Market Forecast 7.2 Cancer 7.2.1 Market Trends 7.2.2 Market Forecast 7.3 Asthma 7.3.1 Market Trends 7.3.2 Market Forecast 7.4 Diabetes 7.4.1 Market Trends 7.4.2 Market Forecast 7.5 Cardiology 7.5.1 Market Trends 7.5.2 Market Forecast 7.6 Neurology 7.6.1 Market Trends 7.6.2 Market Forecast 7.7 Others 7.7.1 Market Trends 7.7.2 Market Forecast 8 Market Breakup by Distribution Channel 8.1 Special Clinics/Centres 8.1.1 Market Trends 8.1.2 Market Forecast 8.2 Distance Correspondence 8.2.1 Market Trends 8.2.2 Market Forecast 8.3 Direct Sales 8.3.1 Market Trends 8.3.2 Market Forecast 8.4 Online Sales 8.4.1 Market Trends 8.4.2 Market Forecast 8.5 Others 8.5.1 Market Trends 8.5.2 Market Forecast 9 Market Breakup by Region 10 SWOT Analysis
11 Value Chain Analysis 12 Porters Five Forces Analysis 13 Price Analysis 14 Competitive Landscape 14.1 Market Structure 14.2 Key Players 14.3 Profiles of Key Players 14.3.1 Ayush Ayurvedic Pte Ltd. 14.3.1.1 Company Overview 14.3.1.2 Product Portfolio 14.3.2 Columbia Nutritional LLC 14.3.2.1 Company Overview 14.3.2.2 Product Portfolio 14.3.3 Helio USA Inc. 14.3.3.1 Company Overview 14.3.3.2 Product Portfolio 14.3.4 Herb Pharm LLC 14.3.4.1 Company Overview 14.3.4.2 Product Portfolio 14.3.5 Herbal Hills 14.3.5.1 Company Overview 14.3.5.2 Product Portfolio 14.3.6 Nature's Bounty 14.3.6.1 Company Overview 14.3.6.2 Product Portfolio 14.3.7 Nordic Naturals 14.3.7.1 Company Overview 14.3.7.2 Product Portfolio 14.3.8 Pure Encapsulations LLC (Nestle S.A.) 14.3.8.1 Company Overview 14.3.8.2 Product Portfolio 14.3.9 Quantum-Touch 14.3.9.1 Company Overview 14.3.9.2 Product Portfolio 14.3.10 The Healing Company Ltd. 14.3.10.1 Company Overview 14.3.10.2 Product Portfolio 14.3.11 Unity Woods Yoga Center 14.3.11.1 Company Overview 14.3.11.2 Product Portfolio
For more information about this report visit https://www.researchandmarkets.com/r/pnau26
Research and Markets Laura Wood , Senior Manager [email protected]
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