Brazil Complementary And Alternative Medicine Market Size & Outlook
Brazil complementary and alternative medicine market, 2018-2030 (US$M)
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Brazil complementary and alternative medicine market highlights
- The Brazil complementary and alternative medicine market generated a revenue of USD 3,563.8 million in 2023 and is expected to reach USD 16,419.2 million by 2030.
- The Brazil market is expected to grow at a CAGR of 24.4% 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 market data book summary
| Market revenue in 2023 | USD 3,563.8 million |
| Market revenue in 2030 | USD 16,419.2 million |
| Growth rate | 24.4% (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, Mind Healing, Body Healing, External Energy, Sensory Healing |
| Key market players worldwide | Columbia Nutritional, Nordic Naturals, The Healing Co Inc, Nestle SA, Unity Woods Yoga Center, Herb Pharm |
Other key industry trends
- In terms of revenue, Brazil accounted for 2.5% of the global complementary and alternative medicine market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil complementary and alternative medicine market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 16,419.2 million by 2030.
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Complementary And Alternative Medicine Market Scope
Complementary And Alternative Medicine Market Companies
| Name | Profile | # Employees | HQ | Website |
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Brazil 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 34.45% in 2023. Horizon Databook has segmented the Brazil 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.
Brazil is the largest market for healthcare in the Latin American region and is driven by various government initiatives, medical tourism, and high cost of conventional medicine.
These factors are expected to boost the market in the forecast years and increase adoption of alternative medicine in the country.
Various surveys show that people with low income and those who cannot afford expensive conventional therapy are opting for cheaper and safer alternative medicine. Herbal medicines and other naturopathic supplements are the most widely used forms of alternative medicines in Brazil.
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Target buyers of Brazil 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 country-level data and insights on the Brazil complementary and alternative medicine market , including forecasts for subscribers. This country databook contains high-level insights into Brazil complementary and alternative medicine market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Brazil complementary and alternative medicine market size, by intervention, 2018-2030 (US$M)
Brazil Complementary And Alternative Medicine Market Outlook Share, 2023 & 2030 (US$M)
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