Global Complementary and Alternative Medicine Market, By Type (Alternative Medical Systems, Mind-Body Interventions, Biologically Based Therapies, Manipulative & Body-Based Methods, Energy Therapies, Others), End-Users (Hospitals, Specialty Clinics, Therapy Centers, Others), Distribution Channel (Hospital, Special Clinics/Centers, Direct Contact, E-Training, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Peru, Rest of South America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Hungary, Lithuania, Austria, Ireland, Norway, Poland, Rest of Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Vietnam, Rest of Asia-Pacific, Saudi Arabia, U.A.E, Egypt, Israel, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2027.
Market Analysis and Insights: Global Complementary and Alternative Medicine Market
Complementary and alternative medicine market is expected to gain market growth in the forecast period of 2020 to 2027. Data Bridge Market Research analyses the market is growing with the healthy CAGR in the above-mentioned research forecast period. Rising prevalence cancer and other serious diseases worldwide and emerging markets are the factors responsible for the growth of this market.
Growing cases of cancer, neurological disorders and serious surgeries which required special therapy (such as acupuncture, aromatherapy, ayurveda, meditation, naturopathy, nutritional therapy and others) along with front line treatment drives the complementary and alternative medicine market. However, rising population suffering from serious diseases and increased awareness towards body wellness will boost up the global complementary and alternative medicine market. But, patient’s self-medication without consulting to physician and lack of awareness about the use of herbal supplements may hamper the global complementary and alternative medicine market.
Complementary and alternative medicine are the approaches intended to improve or maintain human health but they are not part of standard medical care. There are four type of medicine system such as standard medical care, complementary medicine, alternative medicine and integrative medicine. All these types of medicine system were given to the patients along with standard medicine system. Standard medicine care is the system in which medicines practiced by heath care professionals, it is also called as biomedicine or allopathic medicine system. Complementary medicine is the treatment used along with the standard medicine care system but not the part of standard treatment. While, the alternative medicine system have been used instead of standard medicine care system.
This complementary and alternative medicine market report provides details of market share, new developments and product pipeline analysis, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographical expansions and technological innovations in the market. To understand the analysis and the market scenario contact us for an Analyst Brief, our team will help you create a revenue impact solution to achieve your desired goal.
Global Complementary and Alternative Medicine Market Scope and Market Size
The complementary and alternative medicine market is segmented on the basis of type, end-users and distribution channel.
- On the basis of type, the complementary and alternative medicine market segmented into alternative medical systems, mind-body interventions, biologically based therapies, manipulative & body-based methods, energy therapies and others
- On the basis of end-users, the complementary and alternative medicine market is segmented into hospitals, specialty clinics, therapy centre and others
- On the basis of distribution channel, the complementary and alternative medicine market has also been segmented into hospital, special clinics/centres, direct contact, e-training and others
Complementary and Alternative Medicine Market Country Level Analysis
Complementary and alternative medicine are analysed and market size information is provided by country, type, end-users and distribution channel as referenced above.
The countries covered in the complementary and alternative medicine market report are U.S., Canada, Mexico in North America, Brazil, Argentina, Peru, Rest of South America, as part of South America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Hungary, Lithuania, Austria, Ireland, Norway, Poland, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Vietnam, Rest of Asia-Pacific in Asia-Pacific, Saudi Arabia, U.A.E, Egypt, Israel, Kuwait, South Africa, Rest of Middle East and Africa, as a part of Middle East and Africa.
North America accounts the largest market share due to the increased population with serious disorders and presence of skilled professionals. Europe is considered second largest market for complementary and alternative medicine due to booming medical tourism and expensive conventional medicines. Asia-Pacific is expected to account for the largest market share over coming years for the complementary and alternative medicine market due to increased use of health supplements, easily availability of herbal supplements and being the origin of several medical techniques.
The country section of the report also provides individual market impacting factors and changes in regulations in the market domestically that impacts the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, disease epidemiology and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
Patient Epidemiology Analysis
Complementary and alternative medicine market report also provides you with detailed market analysis for patient analysis, prognosis and cures. Prevalence, incidence, mortality, adherence rates are some of the data variables that are available in the report. Direct or indirect impact analysis of epidemiology to market growth are analysed to create a more robust and cohort multivariate statistical model for forecasting the market in the growth period.
Competitive Landscape and Complementary and Alternative Medicine Market Share Analysis
Complementary and alternative medicine market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, company strengths and weaknesses, product launch, clinical trials pipelines, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the companies’ focus related to complementary and alternative medicine market.
The major players covered in the complementary and alternative medicine market are Nordic Naturals, Nature’s Bounty, Unity Woods Yoga Center, Columbia Nutritional, First Natural Brands Ltd., Ayush Ayurveda, Sheng Chang Pharmaceutical Company, Pure Encapsulations, LLC. Quantum-Touch, and Herb Pharm, LLC among others.
Customization Available: Global Complementary and Alternative Medicine Market
Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analysed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Factbook) or can assist you in creating presentations from the data sets available in the report.