Norway Complementary And Alternative Medicine Market Size & Outlook
Norway complementary and alternative medicine market, 2018-2030 (US$M)
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Norway complementary and alternative medicine market highlights
- The Norway complementary and alternative medicine market generated a revenue of USD 217.0 million in 2023 and is expected to reach USD 890.7 million by 2030.
- The Norway market is expected to grow at a CAGR of 22.3% 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 217.0 million |
| Market revenue in 2030 | USD 890.7 million |
| Growth rate | 22.3% (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, Norway accounted for 0.2% 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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Norway 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 34.56% in 2023. Horizon Databook has segmented the Norway 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.
Norway is one of the Scandinavian countries where CAM medicine and therapies such as acupuncture are directly offered in hospitals. Reports suggest that about 50% of the hospitals in Norway offer CAM medication. However, little is known about CAM medication in the Norwegian population.
The most commonly practiced and offered CAM therapy is acupuncture and two-thirds of hospitals offering CAM therapies offer acupuncture as the preferred alternative therapy. Other significant medications followed are herbal medicine, Tai Chi, yoga, etc.
The market is growing at a significant rate in recent years as CAM therapies such as acupuncture and yoga for chronic pain relief are being extensively employed. However, the growth is expected to be hindered as leadership introduces most of the therapies and adoption is mostly based on scientific evidence of effect.
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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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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 country-level data and insights on the Norway complementary and alternative medicine market , including forecasts for subscribers. This country databook contains high-level insights into Norway complementary and alternative medicine market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Norway complementary and alternative medicine market size, by intervention, 2018-2030 (US$M)
Norway Complementary And Alternative Medicine Market Outlook Share, 2023 & 2030 (US$M)
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