Global Complementary and Alternative Medicines Market Size, Share, Analysis, Industry Report and Forecast 2019-2025
The
global complementary and alternative medicine market is anticipated to grow at
a significant CAGR during the forecast period. The use of complementary and
alternative medicine is raising rapidly as these aids the healing process of a
specific health condition to improve overall health. Complementary and
alternative medicine generally includes acupuncture, vitamins, and minerals,
aromatherapy, herbal treatments, yoga, and naturopathy. These medicines are
generally preferred as they are more natural and safer than conventional
medicine present in the market.
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Adverse
effects of various chronic diseases and drug use during the treatment make the
patients suffer from various nutrients deficiencies which can be addressed with
dietary supplements and alternative medicines. This results in an increased
demand for complementary and alternative medicines in the market. Moreover, the
recently observed consumer shift towards adopting healthy alternatives in day
to day life to stay naturally healthy and avoid diseases is also driving the
demand for complementary and alternative medicines in the market across the
globe.
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However,
complementary and alternative medicines are usually subjected to strict safety
and quality regulations in most of the countries all across the globe. For
instance, in Australia, the Therapeutic Goods Administration (TGA) ensures the
safety of alternative and complementary medicines including other treatments
that are going on in the country. Additionally, the safety of most of the
complementary and alternative treatment or how they work is also not proved by
any research which is anticipated to hinder the growth of complementary and
alternative medicine market.
Global Complementary
and Alternative Medicines Market Segmentation
By Intervention
· Botanicals
· Acupuncture
· Body, Mind, and Yoga
· Magnetic Intervention
Regional Analysis
· North America
· US
· Canada
· Europe
· UK
· Germany
· Italy
· Spain
· France
· Rest of Europe
· Asia-Pacific
· China
· India
· Japan
· Rest of Asia-Pacific
· Rest of the World
Company Profiles
· Adaptive Health LLC
· Bluebird Botanicals
· Columbia Nutritional
· Forrest Health, Inc.
· Ginkgo Bioworks
· Healclinic Healthcare Pvt. Ltd.
· Henry Lamotte Oils GmbH
· Herbalife Nutrition
· Herbal Hills
· Herb Pharm LLC
· Iyengar Yoga Institute
· John Schumacher’s Unity Woods Yoga Center
· Nature's Way Products, LLC
· Nordic Naturals, Inc.
· Pure Encapsulations, LLC
· Source Naturals, Inc.
· Syncremedies Healthcare Pvt Ltd
· The Healing Company
· Veterans Acupuncture Center of Colorado
· Yoga Tree
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