DUBLIN – ()–The “Complementary and Alternative Medicine Market Research Report: By Type, Application, Geographic Outlook – Global Industry Analysis and Forecast to 2024” the report was added to ResearchAndMarkets.com offer.

The increase in the use of traditional therapies and medicines, the increase in the geriatric population, the side effects of allopathic medicines and the growing awareness of alternative medicine are the positive influencing factors of the complementary and alternative medicine (CAM) market. ). It was valued at $ 192.0 billion in 2018 and is expected to reach $ 271.8 billion by 2024, growing at a CAGR of 6.0% during the forecast period (2019-2024). Remedies or treatments used in place of conventional allopathic treatments are called complementary and alternative medicine (CAM). Reiki, Ayurveda, homeopathy, chiropractic, and yoga are types of MAC.

New product launches are all the rage in the CAM market. With a growing awareness of the side effects of allopathic medicines, people are turning to natural modes of treatment. This translates into a growing demand for alternative medicines and therapies, to cope with which market players are investing heavily in the development of new and effective products. For example, a collection of essential oils and vegetable oils was launched by Vitruvi in ​​January 2019. Additionally, in June 2018, standardized premedicated homeopathic medicines were launched in India by Boiron India.

The categories of the CAM market, based on the mode of service, are e-learning, therapy courses and direct counseling. Among these, the highest market revenues were generated by the category of therapy courses throughout the historical period (2014-2018) with a share of 60.3% in 2018. This can be attributed to the popularity of alternative therapies, such as yoga, reiki, and meditation. In addition, chiropractic and acupuncture can only be performed under supervision and therefore can only be performed during class. This should make the category the most important in 2024 with a share of 61.2%.

Players in the CAM market can explore the potential of natural resources, present in abundance, to generate high income. Alternative medicines are mainly derived from plants, mud, water and other natural components. India and China are the world’s largest exporters of herbal medicines, and these two countries together account for the largest number of herbal medicines, which can be enjoyed by market players. In addition, tai chi, yoga and qigong therapies can be offered to people without investing in any kind of raw materials and can still be an important way to generate income.

Hence, the CAM market is heading for prosperity during the forecast period owing to the growing awareness of the advantages of traditional drugs and therapies over allopathic treatments.

Main topics covered:

Chapter 1. Research Context

1.1 Research objectives

1.2 Market definition

1.3 Scope of the research

1.4 Key stakeholders

Chapter 2. Research methodology

2.1 Secondary research

2.2 Primary research

2.3 Market size estimate

2.4 Data triangulation

2.5 Assumptions for the study

Chapter 3. Executive summary

Chapter 4. Presentation

4.1 Definition of market segments

4.2 Market dynamics

4.3 Porter’s five forces analysis

4.4 Country specific drugs / therapies

Chapter 5. Global Market Size and Forecast

5.1 By type

5.2 By application

5.3 By service mode

5.4 By the end user

5.5 By region

Chapter 6. Europe Market Size and Forecast

6.1 By type

6.2 By application

6.3 By service mode

6.4 By the end user

6.5 By country

Chapter 7. APAC Market Size and Forecast

7.1 By type

7.2 By application

7.3 By service mode

7.4 By end user

7.5 By country

Chapter 8. North America Market Size and Forecast

8.1 By type

8.2 By application

8.3 By service mode

8.4 By end user

8.5 By country

Chapter 9. LATAM Market Size and Forecast

9.1 By type

9.2 By application

9.3 By service mode

9.4 By end user

9.5 By country

Chapter 10. MEA Market Size and Forecast

10.1 By type

10.2 By application

10.3 By service mode

10.4 By the end user

10.5 By country

Chapter 11. Main CAM markets

11.1 United States

11.2 Germany

11.3 China

11.4 France

11.5 Japan

11.6 United Kingdom

11.7 India

11.8 Canada

11.9 Mexico

Chapter 12. Competitive landscape

12.1 Application Based Business Benchmarking

12.2 Strategic developments of key players

Chapter 13. Company Profiles

13.1 Cipla Limited

13.2 Boiron

13.3 Dabur India Ltd.

13.4 Novartis AG

13.5 Weleda SA

13.6 Arya Vaidya Pharmacy (CBE) Ltd.

13.7 PEKANA Naturheilmittel GmbH

13.8 Full motion physiotherapy

13.9 AmeriCare Physiotherapy

13.10 doTERRA International LLC

13.11 Mountain rose herbs

13.12 Rocky Mountain Oils LLC

13.13 The Himalaya Pharmaceutical Company

13.14 SEIRIN Company

13.15 schwa-medico GmbH

13.16 Pharmesis International Ltd.

For more information on this report, visit https://www.researchandmarkets.com/r/n33er6

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