Global Complementary And Alternative Medicine Market Size & Outlook
Global complementary and alternative medicine market, 2018-2030 (US$M)
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Global complementary and alternative medicine market highlights
- The global complementary and alternative medicine market generated a revenue of USD 144,676.5 million in 2023 and is expected to reach USD 694,221.1 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 25.1% by 2030.
- In terms of segment, traditional alternative medicine/botanicals accounted for a revenue of USD 49,221.0 million in 2023.
- Mind Healing is the most lucrative intervention segment registering the fastest growth during the forecast period.
- In terms of region, Europe was the largest revenue generating market in 2023.
- Country-wise, Kuwait is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 144,676.5 million |
| Market revenue in 2030 | USD 694,221.1 million |
| Growth rate | 25.1% (CAGR from 2023 to 2030) |
| Largest segment | Traditional alternative medicine/botanicals |
| Fastest growing segment | Mind Healing |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Traditional Alternative Medicine/Botanicals, Mind Healing, Body Healing, External Energy, Sensory Healing |
Other key industry trends
- In terms of revenue, the North America accounted for 21.2% of the global complementary and alternative medicine market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Kuwait is the fastest growing regional market and is projected to reach USD 4,791.0 million by 2030.
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Complementary And Alternative Medicine Market Scope
Complementary And Alternative Medicine Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global complementary and alternative medicine 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 market will help companies and investors design strategic landscapes.
Traditional alternative medicine/botanicals was the largest segment with a revenue share of 34.02% in 2023. Horizon Databook has segmented the Global complementary and alternative medicine market based on traditional alternative medicine/botanicals, mind healing, body healing, external energy, sensory healing covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Complementary And Alternative Medicine Intervention Outlook (Revenue, USD Million, 2018-2030)
- Traditional Alternative Medicine/Botanicals
- Ayurveda
- Apitherapy
- Bach Flower Therapy
- Naturopathic Medicine
- Traditional Chinese Medicine
- Traditional Korean Medicine
- Traditional Japanese Medicine
- Traditional Mongolian Medicine
- Traditional Tibetan Medicine
- Zang Fu Theory
- Mind Healing
- Autosuggestion
- Hypnotherapy
- Neuro-linguistic Programming
- Self-hypnosis
- Spiritual Mind Treatment
- Transcendental Meditation
- Body Healing
- Acupressure
- Acupuncture
- Alexander Technique
- Auriculotherapy
- Autogenic Training
- Chiropractic
- Cupping Therapy
- Kinesiology
- Osteomyology
- Osteopathy
- Pilates
- Qigong
- Reflexology
- Yoga
- External Energy
- Magnetic Therapy
- Bio-magnetic Therapy
- Magnetic Resonance Therapy
- Radionics
- Reiki
- Therapeutic Touch
- Chakra Healing
- Magnetic Therapy
- Sensory Healing
- Aromatherapy
- Music therapy
- Sonopuncture
- Sound Therapy
- Traditional Alternative Medicine/Botanicals
- Global Complementary And Alternative Medicine Distribution Channel Outlook (Revenue, USD Million, 2018-2030)
- Direct Sales
- E-sales
- Distance Correspondence
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Target buyers of Global complementary and alternative medicine market databook
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Our clientele includes a mix of complementary and alternative medicine 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 global-level data and insights on the Global complementary and alternative medicine market , including forecasts for subscribers. This global databook contains high-level insights into Global complementary and alternative medicine market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global complementary and alternative medicine market size, by regions, 2018-2030 (US$M)
Top 10 countries: Complementary and alternative medicine market size, 2023 (US$M)
Global complementary and alternative medicine market share, by intervention, 2023 & 2030 (%, US$M)
Complementary and alternative medicine market: Opportunity assessment by country
Global complementary and alternative medicine market, by region, 2023 (US$M)
| Intervention | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 12,857.1 | 14,664.2 | 17,154.2 | 20,525.7 | 25,057.3 | 30,674.0 | 37,655.5 | 46,358.2 | 57,238.2 | 70,880.5 | 88,038.2 | 109,682.6 | 137,071.8 | 23.9% |
| Europe | 19,852.7 | 22,776.5 | 26,822.1 | 32,333.5 | 39,798.2 | 49,160.7 | 60,944.7 | 75,829.5 | 94,698.9 | 118,707.8 | 149,369.0 | 188,673.5 | 239,249.7 | 25.4% |
| Asia Pacific | 17,071.0 | 19,865.1 | 23,712.3 | 28,955.1 | 36,077.7 | 45,082.3 | 56,500.0 | 71,020.8 | 89,544.3 | 113,246.9 | 143,671.6 | 182,849.3 | 233,460.8 | 26.5% |
| Latin America | 3,323.6 | 3,764.2 | 4,373.9 | 5,200.2 | 6,309.6 | 7,679.2 | 9,375.4 | 11,482.4 | 14,108.1 | 17,390.9 | 21,508.6 | 26,690.6 | 33,234.0 | 23.3% |
| MEA | 5,356.2 | 6,033.3 | 6,974.6 | 8,252.2 | 9,967.5 | 12,080.2 | 14,690.9 | 17,928.1 | 21,955.6 | 26,984.2 | 33,284.6 | 41,206.9 | 51,204.8 | 22.9% |
| Overall | 58,460.6 | 67,103.4 | 79,037.1 | 95,266.6 | 117,210.3 | 144,676.5 | 179,166.4 | 222,618.9 | 277,545.1 | 347,210.3 | 435,872.0 | 549,102.8 | 694,221.1 | 25.1% |
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