Complementary and Alternative Medicine Market Worth $196.9 Billion by 2025

November 2018 | Report Format: Electronic (PDF)

The global complementary and alternative medicine market size is expected to reach a value of USD 196.9 billion by 2025, according to a new report by Grand View Research, Inc., rising at a CAGR of 18.11% during the forecast period. The growth of the market can be attributed to surging adoption of natural supplements/wellness medicines by people. Government initiatives in several countries to enhance reach of these medicines are estimated to stimulate the growth of the market.

Complementary and alternative forms of therapy are used in treatment of chronic ailments and long-term pain, among others. They are also used for intake of additional vitamins and other dietary supplements of regular diet. Moreover, with considerable increase in costs of conventional medicine and inclination towards body wellness rather than pharmaceutical cure is anticipated to boost the growth of the market over the forecast period

As of early 2017, approximately two third of the population in most of the developed and developing countries were reported using one or the other form of complementary and alternative form of medicines. There are certain countries that are moving towards legalization of some alternative medicine therapies that are being backed with approved clinical data.

 To request a sample copy or view summary of this report, click the link below:
https://www.grandviewresearch.com/industry-analysis/aternative-medicine-therapies-market

Further key findings from the report suggest:

  • The market is driven by high adoption rates of herbal dietary supplements and other wellness therapies such as yoga and acupuncture

  • Botanicals have emerged as the most prominent form of alternative medicines and are projected to stay dominant throughout the forecast period

  • Europe and Asia Pacific emerged as hotspots for these forms of therapies and cumulatively generated major share of market revenue

  • Developing regions such as Latin America and the Middle East are poised to witness considerable growth in demand over the forecast period owing to expensive nature of conventional medicine and lack thereof in certain countries

  • Some of the key players and wellness institutes active in the market are Columbia Nutritional Inc.; Herb Pharm; Herbal Hills; Helio USA Inc; Deepure Plus; Nordic Naturals; Pure encapsulations, Inc.; Quantum Touch Inc.; John Schumacher’s Unity Woods Yoga Center; Yoga Tree; The Healing Company; and Iyengar Yoga Institute. 

Grand View Research has segmented the global complementary and alternative medicine market on the basis of intervention, distribution method, and region:

Complementary and Alternative Medicine Intervention Outlook (Revenue, USD Billion, 2014 - 2025)

  • Botanicals

    • Ayurveda

    • Naturopathy

    • Homeopathy

  • Acupuncture

  • Mind, Body, and Yoga

    • Yoga

    • Meditation

    • Energy Healing

    • Chakra Healing

    • Hypnotherapy

  • Magnetic Intervention

Complementary and Alternative Medicine Distribution Outlook (Revenue, USD Billion, 2014 - 2025)

  • Direct Contact

  • E-training

  • Distance Correspondence

Complementary and Alternative Medicine Regional Outlook (Revenue, USD Billion, 2014 - 2025)

  • North America

    • U.S.

    • Canada

  • Europe

    • Austria

    • Belgium

    • Denmark

    • France

    • Germany

    • Ireland

    • Netherlands

    • Norway

    • Spain

    • Sweden

    • Switzerland

    • U.K.

  • Asia Pacific

    • Australia

    • China

    • Hong Kong

    • India

    • Japan

    • New Zealand

    • Singapore

  • Latin America

    • Brazil

    • Mexico

    • Argentina

  • MEA

    • Israel

    • South Africa

    • U.A.E.

Request Sample
Request for Customization

Choose License Type

Single User - $5,950
Multi User (2-5) - $7,950
Enterprise Access - $9,950

Buy Chapters or Sections

Avail customized purchase options to meet your research needs:

  • Buy sections of this report
  • Buy country level reports
  • Request for historical data
  • Request discounts available for Start-Ups & Universities

Why Choose Us

  • Research support

    24/5 Research support

    Get your queries resolved from an industry expert. Request for a free product review before report purchase.

  • Custom research service

    Custom research service

    Speak to the report author to design an exclusive study to serve your research needs.

  • Quality assurance

    Quality assurance

    A testimonial for service excellence represented in the form of BBB "A" Accreditation.

  • BBB Rating dandb
  • Information security

    Information security

    Your personal and confidential information is safe and secure.

  • BOA