PUBLISHER: Grand View Research | PRODUCT CODE: 1869956
PUBLISHER: Grand View Research | PRODUCT CODE: 1869956
The global complementary and alternative medicine market size was estimated at USD 179.17 billion in 2024 and is projected to reach USD 1430.70 billion by 2033, growing at a CAGR of 26.2% from 2025 to 2033. Growing awareness of Complementary and Alternative Medicine (CAM), rising disposable income, and government efforts to promote CAM are key factors fueling market growth.
Rising adoption of electronic methods is also expected to boost the market growth, as this increases the reach of many alternative treatments and supplements. In order to increase the penetration rate of CAM, several governments and regulatory bodies are undertaking efforts to find clinical support for considering these techniques as alternative medicines. In addition, increased penetration of the internet and social media to promote & offer CAM services or therapies has strengthened the market. For instance, The Healing Company Ltd. treats individuals through energy healing techniques and offers distance healing therapies through teleconference or video conferences. Many natural supplements and botanicals are made available online to improve product reach. Virtual reality and holographic presence have proven their potential to enhance treatment methods and their accessibility.
Meanwhile, Coworth Park introduced a new Hebridean sound treatment in October 2023. This exceptional offering provides individuals with a calming sound therapy experience, offering a moment of relaxation and revitalization.
According to a recent article published on the Six Senses website, the company emphasizes the therapeutic power of sound across its wellness programs, integrating ancient sound healing practices with modern audio technology. Both initiatives underscore the growing emphasis on sound therapy in the wellness industry, reflecting a commitment to holistic and immersive well-being experiences. Sound therapy, known for its calming effects, adds another dimension to the growing array of wellness offerings, highlighting the industry's commitment to holistic well-being.
Global Complementary And Alternative Medicine Market Report Segmentation
This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2021 to 2033. For this study, Grand View Research has segmented the global complementary and alternative medicine market report based on intervention, distribution method, and region: