According to IMARC Group’s latest report entitled “Market for complementary and alternative medicine: Global Industry Trends, Share, Size, Growth, Opportunity and Forecasts 2021-2026“, the global market showed strong growth between 2015 and 2020. Complementary and alternative medicine (CAM) includes numerous medical products and practices that are not usually part of conventional or conventional medical treatment. It primarily includes products and activities for self-administration, such as B. herbal medicines, dietary supplements, homeopathic remedies and yoga, with chiropractic, acupuncture and massage therapy. CAM also includes manipulative and body-based practices, entire medical systems, and biofield therapy. Currently, CAM is used extensively to treat cancer by relieving common side effects of chemotherapy, such as pain, fatigue, and nausea.

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The increasing consumer preference for natural products and gentle therapies is driving the global market for complementary and alternative medicine in particular. In addition, the increasing occurrence of numerous chronic diseases is also driving the demand for CAM for the diagnosis and prevention of diseases. Additionally, numerous health insurers are offering CAM coverage in their medical plans, further driving the market growth. Due to the sudden outbreak of the COVID-19 pandemic, the inclination towards natural or alternative medicines to treat coronavirus infections is increasing. Looking ahead, IMARC Group expects the global Complementary and Alternative Medicines market to grow at a CAGR of approximately 15% during the forecast period (2021-2026).

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When the novel coronavirus (COVID-19) crisis is sweeping the world, we continuously monitor the changes in the markets and industry behavior of consumers worldwide and our estimates of the latest market trends and forecasts are prepared taking into account the impact of this pandemic.

Competitive landscape with key players:

  • Ayush Ayurveda Pte Ltd.
  • Columbia Nutritional LLC
  • Helio USA Inc.
  • Herb Pharm LLC
  • herb mound
  • Nature’s bounty
  • Nordic nature people
  • Pure Encapsulations LLC (Nestlé SA)
  • Quantum Touch
  • The Heilgesellschaft GmbH
  • Unity Woods Yoga Center

Complementary and Alternative Medicine Market Segmentation:

Breakdown by type:

  • Traditional alternative medical therapy
  • body therapy
  • Nutritional and Herbal Therapy
  • Energetic Healing Therapy
  • mind therapy
  • Other

Breakdown by disease indications:

  • arthritis
  • cancer
  • asthma
  • diabetes
  • cardiology
  • neurology
  • Other

Breakdown by sales channel:

  • Special clinics/centres
  • long-distance correspondence
  • direct sales
  • online sales
  • Other

Breakdown by region:

  • North America (United States, Canada)
  • Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, others)
  • Europe (Germany, France, UK, Italy, Spain, Russia, others)
  • Latin America (Brazil, Mexico, others)
  • Middle East and Africa.

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Key highlights of the report:

  • Market performance (2015-2020)
  • Market Outlook (2021-2026)
  • market trends
  • Market drivers and success factors
  • Effects of COVID-19
  • Analysis of the value chain
  • Comprehensive mapping of the competitive landscape

If you require specific information that is not currently in the scope of the report, we will provide it as part of the customization.

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IMARC Group is a leading market research company providing management strategies and market research worldwide. We work with clients across sectors and geographies to identify their most valuable opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products cover key market, scientific, economic and technological developments for executives in pharmaceutical, industrial and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food & beverage, travel & tourism, nanotechnology and advanced processing methods are at the forefront of the company’s expertise.

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