Germany Complementary And Alternative Medicine Market Size & Outlook
Germany complementary and alternative medicine market, 2018-2030 (US$M)
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Germany complementary and alternative medicine market highlights
- The Germany complementary and alternative medicine market generated a revenue of USD 10,894.1 million in 2023 and is expected to reach USD 58,224.5 million by 2030.
- The Germany market is expected to grow at a CAGR of 27.1% 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 10,894.1 million |
| Market revenue in 2030 | USD 58,224.5 million |
| Growth rate | 27.1% (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, Germany accounted for 7.5% 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 Europe, Germany complementary and alternative medicine market is projected to lead the regional market in terms of revenue in 2030.
- UK is the fastest growing regional market in Europe and is projected to reach USD 49,842.6 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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Germany 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 33.7% in 2023. Horizon Databook has segmented the Germany 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.
Considering mental health in Europe, the number of health issues is growing due to maladaptive lifestyle. Germany is a leader in the fight against mental illness in the European region. Furthermore, the adoption of mind healing approach is growing, which indicates a shift from gradually expensive treatments to more profitable preventive approaches.
Increasing awareness about mind healing, rising prevalence of mental illness, and well-established research institutes in the country are creating lucrative opportunities over the forecast period.
For instance, the MBM institutes in Germany, especially the Clinic and Chair of Complementary and Integrative Medicine, Alfried Krupp von Bohlen, and Halbach Foundation at the University DuisburgEssen have been combining mind healing into the concept of integrative medicine.
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Target buyers of Germany 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 Germany complementary and alternative medicine market , including forecasts for subscribers. This country databook contains high-level insights into Germany complementary and alternative medicine market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Germany complementary and alternative medicine market size, by intervention, 2018-2030 (US$M)
Germany Complementary And Alternative Medicine Market Outlook Share, 2023 & 2030 (US$M)
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