Saudi Arabia Complementary And Alternative Medicine For Anti Aging & Longevity Market Size & Outlook
Saudi Arabia complementary and alternative medicine for anti aging & longevity market, 2018-2030 (US$M)
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Saudi Arabia complementary and alternative medicine for anti aging & longevity market highlights
- The Saudi Arabia complementary and alternative medicine for anti aging & longevity market generated a revenue of USD 814.1 million in 2023 and is expected to reach USD 4,504.6 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 27.7% from 2024 to 2030.
- In terms of segment, traditional alternative medicine/botanicals was the largest revenue generating intervention in 2023.
- Mind Healing is the most lucrative intervention segment registering the fastest growth during the forecast period.
Complementary and alternative medicine for anti aging & longevity market data book summary
| Market revenue in 2023 | USD 814.1 million |
| Market revenue in 2030 | USD 4,504.6 million |
| Growth rate | 27.7% (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 |
Other key industry trends
- In terms of revenue, Saudi Arabia accounted for 1.3% of the global complementary and alternative medicine for anti aging & longevity market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, South Africa complementary and alternative medicine for anti aging & longevity market is projected to lead the regional market in terms of revenue in 2030.
- South Africa is the fastest growing regional market in Middle East & Africa and is projected to reach USD 9,480.3 million by 2030.
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Complementary And Alternative Medicine For Anti Aging & Longevity Market Scope
Complementary And Alternative Medicine For Anti Aging & Longevity Market Companies
| Name | Profile | # Employees | HQ | Website |
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Saudi Arabia complementary and alternative medicine for anti aging & longevity market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to complementary and alternative medicine for anti aging & longevity market will help companies and investors design strategic landscapes.
Traditional alternative medicine/botanicals was the largest segment with a revenue share of 33.25% in 2023. Horizon Databook has segmented the Saudi Arabia 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.
The growing popularity of CAM and the presence of government bodies are expected to drive market growth in Saudi Arabia. The National Center for Complementary and Alternative Medicine (NCCAM) under the Saudi Arabia Ministry of Health controls five licensed practices—acupuncture, cupping therapy, naturopathy, chiropractic, and osteopathy.
In addition, in December 2019, a new guideline titled The NCCAM Regulation – second edition was issued by the MOH to set new rules to regulate CAM practices. In this new authorized regulation, new rules were permitted to regulate CAM practices in the country.
Moreover, the Saudi Food and Drug Authority regulates food supplement products, complementary medicine devices, and herbal medicine. Given that regulatory bodies oversee the practice of CAM in the country, these treatments could offer significant benefits to patients.
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Our clientele includes a mix of complementary and alternative medicine for anti aging & longevity market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the Saudi Arabia complementary and alternative medicine for anti aging & longevity market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia 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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Saudi Arabia complementary and alternative medicine for anti aging & longevity market size, by intervention, 2018-2030 (US$M)
Saudi Arabia Complementary And Alternative Medicine For Anti Aging & Longevity Market Outlook Share, 2023 & 2030 (US$M)
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