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PUBLISHER: IMARC | PRODUCT CODE: 1378959
PUBLISHER: IMARC | PRODUCT CODE: 1378959
Complementary and Alternative Medicine Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
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PAGES: 143 Pages
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Abstract
The global complementary and alternative medicine market size reached US$ 120.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 365.2 Billion by 2028, exhibiting a growth rate (CAGR) of 20.3% during 2022-2028.
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.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global complementary and alternative medicine market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on type, disease indications and distribution channel.
Breakup by Type:
Traditional Alternative Medicine Therapy
Body Therapy
Diet and Herbs Based Therapy
Energy Healing Therapy
Mind Therapy
Others
Breakup by Disease Indications:
Arthritis
Cancer
Asthma
Diabetes
Cardiology
Neurology
Others
Breakup by Distribution Channel:
Special Clinics/Centres
Distance Correspondence
Direct Sales
Online Sales
Others
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
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:
- How has the global complementary and alternative medicine market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global complementary and alternative medicine market?
- What are the key regional markets?
- What is the breakup of the market based on the type?
- What is the breakup of the market based on the disease indications?
- What is the breakup of the market based on the distribution channel?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global complementary and alternative medicine market and who are the key players?
- What is the degree of competition in the industry?
Product Code: SR112023A3646
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting 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
- 9.1 North America
- 9.1.1 United States
- 9.1.1.1 Market Trends
- 9.1.1.2 Market Forecast
- 9.1.2 Canada
- 9.1.2.1 Market Trends
- 9.1.2.2 Market Forecast
- 9.1.1 United States
- 9.2 Asia-Pacific
- 9.2.1 China
- 9.2.1.1 Market Trends
- 9.2.1.2 Market Forecast
- 9.2.2 Japan
- 9.2.2.1 Market Trends
- 9.2.2.2 Market Forecast
- 9.2.3 India
- 9.2.3.1 Market Trends
- 9.2.3.2 Market Forecast
- 9.2.4 South Korea
- 9.2.4.1 Market Trends
- 9.2.4.2 Market Forecast
- 9.2.5 Australia
- 9.2.5.1 Market Trends
- 9.2.5.2 Market Forecast
- 9.2.6 Indonesia
- 9.2.6.1 Market Trends
- 9.2.6.2 Market Forecast
- 9.2.7 Others
- 9.2.7.1 Market Trends
- 9.2.7.2 Market Forecast
- 9.2.1 China
- 9.3 Europe
- 9.3.1 Germany
- 9.3.1.1 Market Trends
- 9.3.1.2 Market Forecast
- 9.3.2 France
- 9.3.2.1 Market Trends
- 9.3.2.2 Market Forecast
- 9.3.3 United Kingdom
- 9.3.3.1 Market Trends
- 9.3.3.2 Market Forecast
- 9.3.4 Italy
- 9.3.4.1 Market Trends
- 9.3.4.2 Market Forecast
- 9.3.5 Spain
- 9.3.5.1 Market Trends
- 9.3.5.2 Market Forecast
- 9.3.6 Russia
- 9.3.6.1 Market Trends
- 9.3.6.2 Market Forecast
- 9.3.7 Others
- 9.3.7.1 Market Trends
- 9.3.7.2 Market Forecast
- 9.3.1 Germany
- 9.4 Latin America
- 9.4.1 Brazil
- 9.4.1.1 Market Trends
- 9.4.1.2 Market Forecast
- 9.4.2 Mexico
- 9.4.2.1 Market Trends
- 9.4.2.2 Market Forecast
- 9.4.3 Others
- 9.4.3.1 Market Trends
- 9.4.3.2 Market Forecast
- 9.4.1 Brazil
- 9.5 Middle East and Africa
- 9.5.1 Market Trends
- 9.5.2 Market Breakup by Country
- 9.5.3 Market Forecast
10 SWOT Analysis
- 10.1 Overview
- 10.2 Strengths
- 10.3 Weaknesses
- 10.4 Opportunities
- 10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
- 12.1 Overview
- 12.2 Bargaining Power of Buyers
- 12.3 Bargaining Power of Suppliers
- 12.4 Degree of Competition
- 12.5 Threat of New Entrants
- 12.6 Threat of Substitutes
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
- 14.3.1 Ayush Ayurvedic Pte Ltd.
Product Code: SR112023A3646
List of Figures
- Figure 1: Global: Complementary and Alternative Medicine Market: Major Drivers and Challenges
- Figure 2: Global: Complementary and Alternative Medicine Market: Sales Value (in Billion US$), 2017-2022
- Figure 3: Global: Complementary and Alternative Medicine Market Forecast: Sales Value (in Billion US$), 2023-2028
- Figure 4: Global: Complementary and Alternative Medicine Market: Breakup by Type (in %), 2022
- Figure 5: Global: Complementary and Alternative Medicine Market: Breakup by Disease Indications (in %), 2022
- Figure 6: Global: Complementary and Alternative Medicine Market: Breakup by Distribution Channel (in %), 2022
- Figure 7: Global: Complementary and Alternative Medicine Market: Breakup by Region (in %), 2022
- Figure 8: Global: Complementary and Alternative Medicine (Traditional Alternative Medicine Therapy) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 9: Global: Complementary and Alternative Medicine (Traditional Alternative Medicine Therapy) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 10: Global: Complementary and Alternative Medicine (Body Therapy) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 11: Global: Complementary and Alternative Medicine (Body Therapy) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 12: Global: Complementary and Alternative Medicine (Diet and Herbs Based Therapy) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 13: Global: Complementary and Alternative Medicine (Diet and Herbs Based Therapy) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 14: Global: Complementary and Alternative Medicine (Energy Healing Therapy) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 15: Global: Complementary and Alternative Medicine (Energy Healing Therapy) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 16: Global: Complementary and Alternative Medicine (Mind Therapy) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 17: Global: Complementary and Alternative Medicine (Mind Therapy) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 18: Global: Complementary and Alternative Medicine (Other Types) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 19: Global: Complementary and Alternative Medicine (Other Types) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 20: Global: Complementary and Alternative Medicine (Arthritis) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 21: Global: Complementary and Alternative Medicine (Arthritis) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 22: Global: Complementary and Alternative Medicine (Cancer) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 23: Global: Complementary and Alternative Medicine (Cancer) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 24: Global: Complementary and Alternative Medicine (Asthma) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 25: Global: Complementary and Alternative Medicine (Asthma) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 26: Global: Complementary and Alternative Medicine (Diabetes) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 27: Global: Complementary and Alternative Medicine (Diabetes) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 28: Global: Complementary and Alternative Medicine (Cardiology) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 29: Global: Complementary and Alternative Medicine (Cardiology) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 30: Global: Complementary and Alternative Medicine (Neurology) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 31: Global: Complementary and Alternative Medicine (Neurology) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 32: Global: Complementary and Alternative Medicine (Other Disease Indications) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 33: Global: Complementary and Alternative Medicine (Other Disease Indications) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 34: Global: Complementary and Alternative Medicine (Special Clinics/Centres) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 35: Global: Complementary and Alternative Medicine (Special Clinics/Centres) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 36: Global: Complementary and Alternative Medicine (Distance Correspondence) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 37: Global: Complementary and Alternative Medicine (Distance Correspondence) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 38: Global: Complementary and Alternative Medicine (Direct Sales) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 39: Global: Complementary and Alternative Medicine (Direct Sales) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 40: Global: Complementary and Alternative Medicine (Online Sales) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 41: Global: Complementary and Alternative Medicine (Online Sales) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 42: Global: Complementary and Alternative Medicine (Other Distribution Channels) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 43: Global: Complementary and Alternative Medicine (Other Distribution Channels) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 44: North America: Complementary and Alternative Medicine Market: Sales Value (in Million US$), 2017 & 2022
- Figure 45: North America: Complementary and Alternative Medicine Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 46: United States: Complementary and Alternative Medicine Market: Sales Value (in Million US$), 2017 & 2022
- Figure 47: United States: Complementary and Alternative Medicine Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 48: Canada: Complementary and Alternative Medicine Market: Sales Value (in Million US$), 2017 & 2022
- Figure 49: Canada: Complementary and Alternative Medicine Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 50: Asia-Pacific: Complementary and Alternative Medicine Market: Sales Value (in Million US$), 2017 & 2022
- Figure 51: Asia-Pacific: Complementary and Alternative Medicine Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 52: China: Complementary and Alternative Medicine Market: Sales Value (in Million US$), 2017 & 2022
- Figure 53: China: Complementary and Alternative Medicine Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 54: Japan: Complementary and Alternative Medicine Market: Sales Value (in Million US$), 2017 & 2022
- Figure 55: Japan: Complementary and Alternative Medicine Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 56: India: Complementary and Alternative Medicine Market: Sales Value (in Million US$), 2017 & 2022
- Figure 57: India: Complementary and Alternative Medicine Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 58: South Korea: Complementary and Alternative Medicine Market: Sales Value (in Million US$), 2017 & 2022
- Figure 59: South Korea: Complementary and Alternative Medicine Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 60: Australia: Complementary and Alternative Medicine Market: Sales Value (in Million US$), 2017 & 2022
- Figure 61: Australia: Complementary and Alternative Medicine Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 62: Indonesia: Complementary and Alternative Medicine Market: Sales Value (in Million US$), 2017 & 2022
- Figure 63: Indonesia: Complementary and Alternative Medicine Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 64: Others: Complementary and Alternative Medicine Market: Sales Value (in Million US$), 2017 & 2022
- Figure 65: Others: Complementary and Alternative Medicine Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 66: Europe: Complementary and Alternative Medicine Market: Sales Value (in Million US$), 2017 & 2022
- Figure 67: Europe: Complementary and Alternative Medicine Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 68: Germany: Complementary and Alternative Medicine Market: Sales Value (in Million US$), 2017 & 2022
- Figure 69: Germany: Complementary and Alternative Medicine Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 70: France: Complementary and Alternative Medicine Market: Sales Value (in Million US$), 2017 & 2022
- Figure 71: France: Complementary and Alternative Medicine Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 72: United Kingdom: Complementary and Alternative Medicine Market: Sales Value (in Million US$), 2017 & 2022
- Figure 73: United Kingdom: Complementary and Alternative Medicine Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 74: Italy: Complementary and Alternative Medicine Market: Sales Value (in Million US$), 2017 & 2022
- Figure 75: Italy: Complementary and Alternative Medicine Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 76: Spain: Complementary and Alternative Medicine Market: Sales Value (in Million US$), 2017 & 2022
- Figure 77: Spain: Complementary and Alternative Medicine Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 78: Russia: Complementary and Alternative Medicine Market: Sales Value (in Million US$), 2017 & 2022
- Figure 79: Russia: Complementary and Alternative Medicine Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 80: Others: Complementary and Alternative Medicine Market: Sales Value (in Million US$), 2017 & 2022
- Figure 81: Others: Complementary and Alternative Medicine Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 82: Latin America: Complementary and Alternative Medicine Market: Sales Value (in Million US$), 2017 & 2022
- Figure 83: Latin America: Complementary and Alternative Medicine Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 84: Brazil: Complementary and Alternative Medicine Market: Sales Value (in Million US$), 2017 & 2022
- Figure 85: Brazil: Complementary and Alternative Medicine Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 86: Mexico: Complementary and Alternative Medicine Market: Sales Value (in Million US$), 2017 & 2022
- Figure 87: Mexico: Complementary and Alternative Medicine Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 88: Others: Complementary and Alternative Medicine Market: Sales Value (in Million US$), 2017 & 2022
- Figure 89: Others: Complementary and Alternative Medicine Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 90: Middle East and Africa: Complementary and Alternative Medicine Market: Sales Value (in Million US$), 2017 & 2022
- Figure 91: Middle East and Africa: Complementary and Alternative Medicine Market: Breakup by Country (in %), 2022
- Figure 92: Middle East and Africa: Complementary and Alternative Medicine Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 93: Global: Complementary and Alternative Medicine Industry: SWOT Analysis
- Figure 94: Global: Complementary and Alternative Medicine Industry: Value Chain Analysis
- Figure 95: Global: Complementary and Alternative Medicine Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Complementary and Alternative Medicine Market: Key Industry Highlights, 2022 and 2028
- Table 2: Global: Complementary and Alternative Medicine Market Forecast: Breakup by Type (in Million US$), 2023-2028
- Table 3: Global: Complementary and Alternative Medicine Market Forecast: Breakup by Disease Indications (in Million US$), 2023-2028
- Table 4: Global: Complementary and Alternative Medicine Market Forecast: Breakup by Distribution Channel (in Million US$), 2023-2028
- Table 5: Global: Complementary and Alternative Medicine Market Forecast: Breakup by Region (in Million US$), 2023-2028
- Table 6: Global: Complementary and Alternative Medicine Market: Competitive Structure
- Table 7: Global: Complementary and Alternative Medicine Market: Key Players
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