Market revenue in 2023 | USD 264.5 million |
Market revenue in 2030 | USD 1,511.9 million |
Growth rate | 28.3% (CAGR from 2023 to 2030) |
Largest segment | Traditional alternative medicine/botanicals |
Fastest growing segment | Mind Healing |
Historical data | 2018 - 2022 |
Base year | 2023 |
Forecast period | 2024 - 2030 |
Quantitative units | Revenue in USD million |
Market segmentation | Traditional Alternative Medicine/Botanicals, Body Healing, Mind Healing, External Energy Healing, Sensory Healing |
Key market players worldwide | Anadolu Medical Center, Sinomedica, acupuncture.com, THERME WIEN, Elixir Medical, Transform Health, SEVA Experience, Spine & Joint Centre, Clinic Les Alpes, Bionorica SE, Terme di Riolo, Miskawaan Health Group |
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Traditional alternative medicine/botanicals was the largest segment with a revenue share of 33.23% in 2023. Horizon Databook has segmented the Kuwait complementary and alternative medicine for anti aging & longevity market based on traditional alternative medicine/botanicals, body healing, mind healing, external energy healing, sensory healing covering the revenue growth of each sub-segment from 2018 to 2030.
In Kuwait, herbal medicines are regulated as nonprescription medicines & dietary supplements, and they are sold with medical, health, and nutrient content claims. There is no restriction on selling herbal products; they are sold in pharmacies and other outlets as nonprescription or OTC medicines.
The growing popularity of Ayurveda in the country is expected to drive market growth in the coming years. The first yoga training in Kuwait was held in December 2014 in collaboration with the Kashmir Shaivism School of Yoga.
The various yoga institutes, such as Ayurveda Kerala, AI Zuhair Holistic Medicine Center, Ayurveda Salmiya, and AyurMana Ayurveda Center, offer yoga training in the country. Thus, the presence of such institutes and academies that offer certification programs is expected to contribute to market growth.
Horizon Databook provides a detailed overview of country-level data and insights on the Kuwait complementary and alternative medicine for anti aging & longevity market , including forecasts for subscribers. This country databook contains high-level insights into Kuwait complementary and alternative medicine for anti aging & longevity market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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