The Rise of Complementary and Alternative Medicine (Infographic)
Global Complementary And Alternative Medicine Market Projected to Reach USD 192.41 Billion by 2028, Growing at a CAGR of 12.1%
- The market size of the global alternative medicine is expected to reach $296.3 billion by 2027.
- Worldwide, the Ayurveda market size alone is expected to hit $14.9 billion by 2027.
- Europe emerged as the most significant global complementary and alternative medicine market, with a 26.72% market revenue share in 2022.
- Individual’s using complementary and alternative medicine primarily belong to the 30-60 age group, accounting for nearly 2/3rd of the total population.
- The mind healing segment is expected to register the highest CAGR of 25.61% in the complementary and alternative medicine market.
KEY FACTORS FOR DRIVING GROWTH:
- Rising consumer preference for natural & organic products
- Advancements in CAM therapies
- Growing global awareness
- Significant regulatory reforms
References
- https://gitnux.org/alternative-medicine-industry/
- https://finance.yahoo.com/news/global-complementary-alternative-medicine-market-143600208.html
- https://finance.yahoo.com/news/complementary-alternative-medicine-market-reach-102200147.html
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