Complementary and Alternative Medicine Market size was valued at US$ 97.22 Bn. in 2021 and the total Complementary and Alternative Medicine revenue is expected to grow by 17.9% from 2022 to 2029, reaching nearly US$ 362.97 Bn.
Complementary and Alternative Medicine Market Overview:
The Complementary and Alternative Medicine market competitive landscape separates information by a competitor. The facts include a corporate overview, financials, revenue generated, market potential, investment in research and development, new market efforts, geographical presence, firm strengths and weaknesses, product introduction, product width and breadth, and application dominance. The preceding data points are solely relevant to the businesses' concentration on the Complementary and Alternative Medicine market.
Market Scope:
This Complementary and Alternative Medicine market report discusses new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, and geographic expansion. Please contact Maximize Market Research for an Analyst Brief for more information on the Complementary and Alternative Medicine market; our specialists will aid you in making an informed market choice to achieve market growth.
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Segmentation:
By Disease, the cancer segment is expected to grow at a CAGR of 8.1% during the forecast period. For decades, there has been a steady growth in the use of complementary and alternative medicine among cancer patients. It was reported in one of the early studies to determine the degree of CAM usage among cancer patients that 16% of cancer patients polled in two hospitals in London acknowledged using CAM. This percentage is comparable to prior research in which CAM usage was stated to be 13% in the United States. However, a survey of 127 cancer patients in the United Kingdom found that 29% of the studied population used some type of complementary and alternative medicine. A systematic review of surveys on the use of complementary and alternative medicine (CAM) among cancer patients in 13 countries found a range of 7% to 64% of CAM use among the adult cancer population, with an average of 31.4% across all studies. Herbs, nutritional treatment, meditation, relaxation, homeopathy, hypnosis, and other vitamins were some of the most regularly utilized complementary and alternative medicine (CAM).
Key Players:
• Pure Encapsulations, Inc.
• Nordic Naturals
• Herbal Hills
• Herb Pharm
• Helio USA Inc.
• Columbia Nutritional
• John Schumachers Unity Woods Yoga Center
• The Healing Company
• Quantum Touch
• Geriatric Medical Companies, Inc.,
• Merck Sharp Dohme Corporation
• Geri-Care pharmaceuticals
• UAS Laboratories.
• Nature’s Bounty
• Unity Woods Yoga Center
• First Natural Brands Ltd.
• Ayush Ayurveda
• Sheng Chang Pharmaceutical Company
The following are the key players of the Complementary and Alternative Medicine market-
Regional Analysis:
The geographical section of the research also includes individual market influencing variables and changes in market regulations that affect current and future market trends. Data points such as downstream and upstream value chain analysis, technology trends, porter's five forces analysis, and case studies are only a few of the indicators used to forecast market scenarios for various countries.
COVID-19 Impact Analysis on Complementary and Alternative Medicine Market: The research also addresses the impact of COVID-19 on the Complementary and Alternative Medicine market. The fundamental purpose of this study is to aid the user in understanding the market in terms of definition, segmentation, market potential, noteworthy trends, and industry challenges across 10 key regions. The study provides a micro and macroeconomic analysis of the total impact of COVID-19 on the Complementary and Alternative Medicine Market. The specific analysis focuses on market share and size, which clearly demonstrates the influence that the pandemic has had and will have on the global Health Insurance Market in the next years.
Key Questions Answered in the Complementary and Alternative Medicine Market Report are:
- What will be the CAGR of the Complementary and Alternative Medicine market during the forecast period (2021-2029)?
- Which segment emerged as the leading segment in the Complementary and Alternative Medicine market?
- Which are the prominent players in the Complementary and Alternative Medicine market?
- What key trends are likely to emerge in the Complementary and Alternative Medicine market in the forecast period?
- What will be the Complementary and Alternative Medicine market size by 2029?
- Which company held the largest share in the Complementary and Alternative Medicine market in 2021?
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