Market revenue in 2023 | USD 1,839.0 million |
Market revenue in 2030 | USD 7,839.4 million |
Growth rate | 23% (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 |
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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 34.56% in 2023. Horizon Databook has segmented the Mexico 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.
The use of complementary and alternative medicine is increasing in Mexico, not only among the upper and middle socioeconomic classes but also among the low-income population.
The rising number of educational programs and training centers being established by public and private organizations is expected to accelerate regional market growth.
For instance, the National Indigenous Institute has a unit that organizes, coordinates, and instructs about traditional medicine. Another organization, the Mexican Institute of Social Security, offers workshops and presentations on these medicines.
Horizon Databook provides a detailed overview of country-level data and insights on the Mexico complementary and alternative medicine market , including forecasts for subscribers. This country databook contains high-level insights into Mexico complementary and alternative medicine market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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