Complementary And Alternative Medicine Market Projected To Expand At A CAGR Of 17.07% For The Forecast Period From 2019 To 2026 : Grand View Research Inc.
San Francisco, 8 July 2019: The Report Complementary and Alternative Medicine Market Size, Share & Trends Analysis Report By Intervention (Botanical, Acupuncture, Mind, Body, Yoga), By Distribution (Direct Contact, E-training), And Segment Forecasts, 2019 – 2026
The global complementary and alternative medicine market size is expected to generate a revenue of USD 210.81 billion by 2026, according to a new report by Grand View Research, Inc. It is projected to expand at a CAGR of 17.07% during the forecast period. Factors such as the increasing adoption and usage of natural supplements/wellness medicine coupled with government initiatives to promote adoption of the therapy is expected to create revenue generation avenues.
Complementary and alternative forms of therapy are used in the treatment of chronic ailments, long-term pain among others and are also used for additional vitamins and other dietary supplementation of regular diet. Moreover, with considerable increase in the costs of conventional medicine and inclination towards body wellness rather than pharmaceutical cure is likely to boost the market over the forecast period.
Approximately two third population of most of the developed and developing countries has reported using one or the other form of alternative or complementary medicine. Certain countries are moving towards legalization of some alternative medicine and therapies backed with approved clinical data.
Access Research Report of Complementary and Alternative Medicine Market @ www.grandviewresearch.com/industry-analysis/aternative-medicine-therapies-market
Further key findings from the report suggest:
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 - 2026)
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
For More Information: www.grandviewresearch.com
The global complementary and alternative medicine market size is expected to generate a revenue of USD 210.81 billion by 2026, according to a new report by Grand View Research, Inc. It is projected to expand at a CAGR of 17.07% during the forecast period. Factors such as the increasing adoption and usage of natural supplements/wellness medicine coupled with government initiatives to promote adoption of the therapy is expected to create revenue generation avenues.
Complementary and alternative forms of therapy are used in the treatment of chronic ailments, long-term pain among others and are also used for additional vitamins and other dietary supplementation of regular diet. Moreover, with considerable increase in the costs of conventional medicine and inclination towards body wellness rather than pharmaceutical cure is likely to boost the market over the forecast period.
Approximately two third population of most of the developed and developing countries has reported using one or the other form of alternative or complementary medicine. Certain countries are moving towards legalization of some alternative medicine and therapies backed with approved clinical data.
Access Research Report of Complementary and Alternative Medicine Market @ www.grandviewresearch.com/industry-analysis/aternative-medicine-therapies-market
Further key findings from the report suggest:
- The market is driven by high adoption of herbal dietary supplements and other wellness therapies like yoga, and acupuncture
- Botanical has become the most prominent form of alternative medicine as the segment was observed to hold the largest market share in terms of revenue 2018
- Europe and Asia Pacific in combination are anticipated to hold a major market share in terms of revenue over the forecast period
- Developing regions such as Latin America and Middle East Africa are set to witness considerable growth in demand over the forecast period driven by high cost of conventional medicine and lack of their availability in certain countries
- Some of the key players and wellness institutes active in the complementary and alternative medicine market are Columbia Nutritional Inc.; Herb Pharm; Herbal Hills; Helio USA Inc.; Deepure Plus; Nordic Naturals; Pure encapsulations, Inc.; and other wellness institutes like Iyengar Yoga Institute; John Schumacher’s Unity Woods Yoga Center; Yoga Tree; The Healing Company; and Quantum Touch Inc.
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 - 2026)
- Botanicals
- Ayurveda
- Naturopathy
- Homeopathy
- Acupuncture
- Mind, Body, and Yoga
- Yoga
- Meditation
- Energy Healing
- Chakra Healing
- Hypnotherapy
- Magnetic Intervention
- Direct Contact
- E-training
- Distance Correspondence
- North America
- Europe
- Asia Pacific
- Latin America
- MEA
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
For More Information: www.grandviewresearch.com
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