Saudi Arabia Complementary And Alternative Medicine Market Size & Outlook
Saudi Arabia complementary and alternative medicine market, 2018-2030 (US$M)
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Saudi Arabia complementary and alternative medicine market highlights
- The Saudi Arabia complementary and alternative medicine market generated a revenue of USD 3,362.8 million in 2023 and is expected to reach USD 14,127.0 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 22.8% 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 3,362.8 million |
| Market revenue in 2030 | USD 14,127.0 million |
| Growth rate | 22.8% (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, Saudi Arabia accounted for 2.3% 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 Middle East & Africa, Saudi Arabia complementary and alternative medicine market is projected to lead the regional market in terms of revenue in 2030.
- UAE is the fastest growing regional market in Middle East & Africa and is projected to reach USD 10,704.5 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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Saudi Arabia 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 34.17% in 2023. Horizon Databook has segmented the Saudi Arabia 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 growing popularity of CAM coupled with the presence of government bodies is expected to drive market growth in Saudi Arabia. The National Center for Complementary and Alternative Medicine under the Saudi Arabia Ministry of Health controls five licensed practices—acupuncture, cupping therapy, naturopathy, chiropractic, and osteopathy.
In addition, in December 2019, a new guideline titled The NCCAM regulation – second edition was issued by the MOH to set new rules to regulate CAM practices. In this new authorized regulation, new rules were permitted to regulate CAM practices in the country.
Moreover, the Saudi Food and Drug Authority regulates food supplement products, complementary medicine devices, and herbal medicine. Given that there are regulatory bodies for the registered practice of CAM in the country, these treatments may have a potential advantage for patients.
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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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Horizon Databook provides a detailed overview of country-level data and insights on the Saudi Arabia complementary and alternative medicine market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia complementary and alternative medicine market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia complementary and alternative medicine market size, by intervention, 2018-2030 (US$M)
Saudi Arabia Complementary And Alternative Medicine Market Outlook Share, 2023 & 2030 (US$M)
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