South Korea Complementary And Alternative Medicine For Anti Aging & Longevity Market Size & Outlook
South Korea complementary and alternative medicine for anti aging & longevity market, 2018-2030 (US$M)
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South Korea complementary and alternative medicine for anti aging & longevity market highlights
- The South Korea complementary and alternative medicine for anti aging & longevity market generated a revenue of USD 1,997.1 million in 2023 and is expected to reach USD 10,503.6 million by 2030.
- The South Korea market is expected to grow at a CAGR of 26.8% 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 1,997.1 million |
| Market revenue in 2030 | USD 10,503.6 million |
| Growth rate | 26.8% (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, South Korea accounted for 3.1% 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 Asia Pacific, India complementary and alternative medicine for anti aging & longevity market is projected to lead the regional market in terms of revenue in 2030.
- South Korea is the fastest growing regional market in Asia Pacific and is projected to reach USD 10,503.6 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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South Korea 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 33.19% in 2023. Horizon Databook has segmented the South Korea 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.
South Korea has its own system of traditional medicine called Korean Medicine or Traditional Korean Medicine (TKM). It includes interventions such as acupuncture, moxibustion, cupping, herbal medicine, and others. Acupuncture, moxibustion, and cupping have been completely insured, covered, and included in the benefits package of Korea National Health Insurance since 1987.
Recent studies reveal that CAM is widely used in Korea, with utilization rates ranging from 29% to 53% among different patient categories. In addition, a significant portion of healthcare expenses is related to CAM. CAM therapies are responsible for approximately 29% of out-of-pocket medical expenses in the country.
The Korean government & medical community agree that the healthcare delivery system needs to be integrated, and it is important to identify the duties of doctors, oriental medical practitioners, & pharmacists.
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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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Horizon Databook provides a detailed overview of country-level data and insights on the South Korea complementary and alternative medicine for anti aging & longevity market , including forecasts for subscribers. This country databook contains high-level insights into South Korea 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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South Korea complementary and alternative medicine for anti aging & longevity market size, by intervention, 2018-2030 (US$M)
South Korea Complementary And Alternative Medicine For Anti Aging & Longevity Market Outlook Share, 2023 & 2030 (US$M)
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