Spain Complementary And Alternative Medicine Market Size & Outlook
Spain complementary and alternative medicine market, 2018-2030 (US$M)
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Spain complementary and alternative medicine market highlights
- The Spain complementary and alternative medicine market generated a revenue of USD 3,514.1 million in 2023 and is expected to reach USD 16,288.5 million by 2030.
- The Spain market is expected to grow at a CAGR of 24.5% 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 3,514.1 million |
| Market revenue in 2030 | USD 16,288.5 million |
| Growth rate | 24.5% (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, Spain accounted for 2.4% 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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Spain 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 34.21% in 2023. Horizon Databook has segmented the Spain 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 CAM continues to gain sociological, economic, and medical importance in Spain. However, there is no official recognition of alternative practitioners and regulations. According to de la Mata, the Spanish General Medical Council states that there is a special section for homeopaths, acupuncturists, and naturists.
In addition, it was observed that around 23.6% of the population has used CAM, especially chiropractic, acupuncture, and yoga. Furthermore, according to a study conducted by Cofenat in 2017 on complementary and alternative medicines, it was found that women aged between 35 and 45 are more likely to use therapies such as homeopathy, reflexology, and acupuncture than men.
Moreover, the presence of professional CAM organizations in Spain is expected to boost market growth. These include Spanish Medical Homeopathy Federation (FEMH), Spanish Medical Acupuncture Society (SAME), and Spanish Medical Naturist Association (AEMH).
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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 Spain complementary and alternative medicine market , including forecasts for subscribers. This country databook contains high-level insights into Spain complementary and alternative medicine market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Spain complementary and alternative medicine market size, by intervention, 2018-2030 (US$M)
Spain Complementary And Alternative Medicine Market Outlook Share, 2023 & 2030 (US$M)
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