The global complementary and alternative medicines (CAM) market was valued at USD 198.0 billion in 2020 and is expected to grow at a CAGR of 6.1% during the forecast period. Globally, key players in the complementary and alternative medicines (CAM) market are comprises of both large as well and small service provides making it a fragmented market structure. Moreover, the eminent key players in the global complementary and alternative medicines market are undertaking mergers and acquisitions and collaborations in order to expand their product portfolio and gaining competitive advantage.
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Complementary and alternative medicines market in Asia-Pacific is anticipated to witness highest CAGR during the forecast period due to excessive emphasis of population of this region towards wellness programs and increasing development of wellness medical infrastructure are the key factors pertaining towards its rapid growth.
Yoga and meditation centers are anticipated to contribute largest revenue by 2027 in the complementary and alternative medicines (CAM) market in 2020
Based upon end user, the global complementary and alternative medicines (CAM) market is segmented into yoga and meditation centers, hospitals and clinics, therapy centers, home care, and others. Amongst these segments, yoga and meditation centers are anticipated to contribute largest revenue by 2027 owing to extensive awareness and popularity of these centers in emerged as well as emerging economies.
Geographically, Europe is anticipated to contribute largest market revenue in complementary and alternative medicines (CAM) by 2027 due to excessive utilisation of botanicals in various dietary supplements in the countries of France and Germany.
Some of the players having prominent presence in the global complementary and alternative medicines market include Dabur India Ltd., Biologische Heilmittel Heel GmbH, Novartis AG, The Arya Vaidya Pharmacy (CBE) Ltd., Boiron, Cipla Limited, PEKANA Naturheilmittel GmbH, Weleda AG, Herb Pharm, Deepure Plus, Herbal Hills, Helio USA Inc., Columbia Nutritional Inc., Nordic Naturals, and Pure Encapsulations, Inc.
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The report provides the market value for the base year 2020 and a yearly forecast till 2027 in terms of revenue (USD Billion). The report segments the global complementary and alternative medicines (CAM) market on the basis of type, mode of service, application, end user, and region.
Global Complementary and Alternative Medicines (CAM) Market Coverage
Type Insight and Forecast 2015-2027
Mode of Service Insight and Forecast 2015-2027
Application Insight and Forecast 2015-2027
End-User Insight and Forecast 2015-2027
Complementary and Alternative Medicines (CAM) Market by Region
Rest of the World (RoW)