Insights on the Complementary and Alternative Medicine Global Market to 2027 – by Type, Disease Indications, Distribution Channel and Region – PR…

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.

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

Key Topics Covered:

1 Preface

2 Scope and Methodology

3 Executive Summary

4 Introduction4.1 Overview4.2 Key Industry Trends

5 Global Complementary and Alternative Medicine Market5.1 Market Overview5.2 Market Performance5.3 Impact of COVID-195.4 Market Forecast

6 Market Breakup by Type6.1 Traditional Alternative Medicine Therapy6.1.1 Market Trends6.1.2 Market Forecast6.2 Body Therapy6.2.1 Market Trends6.2.2 Market Forecast6.3 Diet and Herbs Based Therapy6.3.1 Market Trends6.3.2 Market Forecast6.4 Energy Healing Therapy6.4.1 Market Trends6.4.2 Market Forecast6.5 Mind Therapy6.5.1 Market Trends6.5.2 Market Forecast6.6 Others6.6.1 Market Trends6.6.2 Market Forecast

7 Market Breakup by Disease Indications7.1 Arthritis7.1.1 Market Trends7.1.2 Market Forecast7.2 Cancer7.2.1 Market Trends7.2.2 Market Forecast7.3 Asthma7.3.1 Market Trends7.3.2 Market Forecast7.4 Diabetes7.4.1 Market Trends7.4.2 Market Forecast7.5 Cardiology7.5.1 Market Trends7.5.2 Market Forecast7.6 Neurology7.6.1 Market Trends7.6.2 Market Forecast7.7 Others7.7.1 Market Trends7.7.2 Market Forecast

8 Market Breakup by Distribution Channel8.1 Special Clinics/Centres8.1.1 Market Trends8.1.2 Market Forecast8.2 Distance Correspondence8.2.1 Market Trends8.2.2 Market Forecast8.3 Direct Sales8.3.1 Market Trends8.3.2 Market Forecast8.4 Online Sales8.4.1 Market Trends8.4.2 Market Forecast8.5 Others8.5.1 Market Trends8.5.2 Market Forecast

9 Market Breakup by Region

10 SWOT Analysis

11 Value Chain Analysis

12 Porters Five Forces Analysis

13 Price Analysis

14 Competitive Landscape14.1 Market Structure14.2 Key Players14.3 Profiles of Key Players14.3.1 Ayush Ayurvedic Pte Ltd.14.3.1.1 Company Overview14.3.1.2 Product Portfolio14.3.2 Columbia Nutritional LLC14.3.2.1 Company Overview14.3.2.2 Product Portfolio14.3.3 Helio USA Inc.14.3.3.1 Company Overview14.3.3.2 Product Portfolio14.3.4 Herb Pharm LLC14.3.4.1 Company Overview14.3.4.2 Product Portfolio14.3.5 Herbal Hills14.3.5.1 Company Overview14.3.5.2 Product Portfolio14.3.6 Nature's Bounty14.3.6.1 Company Overview14.3.6.2 Product Portfolio14.3.7 Nordic Naturals14.3.7.1 Company Overview14.3.7.2 Product Portfolio14.3.8 Pure Encapsulations LLC (Nestle S.A.)14.3.8.1 Company Overview14.3.8.2 Product Portfolio14.3.9 Quantum-Touch14.3.9.1 Company Overview14.3.9.2 Product Portfolio14.3.10 The Healing Company Ltd.14.3.10.1 Company Overview14.3.10.2 Product Portfolio14.3.11 Unity Woods Yoga Center14.3.11.1 Company Overview14.3.11.2 Product Portfolio

For more information about this report visit https://www.researchandmarkets.com/r/pnau26

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Insights on the Complementary and Alternative Medicine Global Market to 2027 - by Type, Disease Indications, Distribution Channel and Region - PR...