Thailand Complementary And Alternative Medicine Market Size & Outlook
Thailand complementary and alternative medicine market, 2018-2030 (US$M)
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Thailand complementary and alternative medicine market highlights
- The Thailand complementary and alternative medicine market generated a revenue of USD 1,346.8 million in 2023 and is expected to reach USD 6,217.1 million by 2030.
- The Thailand market is expected to grow at a CAGR of 24.4% 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 1,346.8 million |
| Market revenue in 2030 | USD 6,217.1 million |
| Growth rate | 24.4% (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, Thailand accounted for 0.9% 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 Asia Pacific, India complementary and alternative medicine market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 56,588.3 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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Thailand 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 33.73% in 2023. Horizon Databook has segmented the Thailand 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 Herbal Product Act was published and put into effect by the Thai FDA in April 2019. This law now serves as Thailand's primary Regulatory Framework for herbal or traditional medicine.
Traditional medicines and herbal items must go through a similar approval process as other health goods. Any party wishing to import or produce an herbal product must register their place of business with the Thai FDA as a herbal product importer or herbal product manufacturer prior to product registration.
Then, for the purpose of importing or producing a particular herbal product, both the importer and the manufacturer may register and get a license or certificate. Herbal products can be registered under the Herbal Product Act B.E. 2562 (2019) and the Ministerial Regulation Re: Registration of Herbal Products B.E. 2563 (2020).
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Target buyers of Thailand 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 Thailand complementary and alternative medicine market , including forecasts for subscribers. This country databook contains high-level insights into Thailand complementary and alternative medicine market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Thailand complementary and alternative medicine market size, by intervention, 2018-2030 (US$M)
Thailand Complementary And Alternative Medicine Market Outlook Share, 2023 & 2030 (US$M)
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