Global Complementary And Alternative Medicine Market Size & Outlook
The complementary and alternative medicine industry worldwide is expected to reach a projected revenue of US$ 694,221.1 million by 2030. A compound annual growth rate of 25.1% is expected of the worldwide complementary and alternative medicine industry from 2024 to 2030.
Revenue, 2023 (US$M)
$144,676.5
Forecast, 2030 (US$M)
$694,221.1
CAGR, 2024 - 2030
25.1%
Report Coverage
Worldwide
Global complementary and alternative medicine market, 2018-2030 (US$M)
Related Markets
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 segmentation & scope
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
Autosuggestion
Hypnotherapy
Neuro-linguistic Programming
Self-hypnosis
Spiritual Mind Treatment
Transcendental Meditation
Acupressure
Acupuncture
Alexander Technique
Auriculotherapy
Autogenic Training
Chiropractic
Cupping Therapy
Kinesiology
Osteomyology
Osteopathy
Pilates
Qigong
Reflexology
Yoga
Bio-magnetic Therapy
Magnetic Resonance Therapy
Radionics
Reiki
Therapeutic Touch
Chakra Healing
Aromatherapy
Music therapy
Sonopuncture
Sound Therapy
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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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
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.
Partial client list
Global complementary and alternative medicine market statistics, by regions, 2018-2030 (US$M)
Top 10 countries: Complementary and alternative medicine market size, 2023 (USD Million)
Top 10 countries: Complementary and alternative medicine market size, 2023 (USD Million)
Global complementary and alternative medicine market, by region, 2023 (US$M)
Related regional statistics
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