Complementary and Alternative Medicine includes natural process of healing or treating a disease. Complementary and Alternative Medicine are being used as an alternative therapy to regular medicines. In the recent years, the market has witnessed a significant growth owing to rising awareness on adverse effects of drugs and increasing interest on alternative treatment methods like Yoga and Naturopathy. The growth of Complementary and Alternative Medicine market can be attributed to rising awareness on alternative medicine and yoga.In addition, increasing usage of botanical derivatives as dietary supplements, rising medical tourism for traditional medicine in India & China, rise in number of government initiatives promoting the usage of alternative medicine, and support & regulations by various government bodies to increase the adoption of alternative medicine.
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The market in the coming years is expected to offer significant opportunities to the players due to increasing awareness of fitness and well-being using natural methods and rise in venture capital investments to start new Complementary and Alternative Medicine companies across the globe. The Global Complementary and Alternative Medicine Market can be segmented based on type, mode of distribution, and geography. The market based on type can be segmented into, acupuncture, magnetic intervention, mind, body & yoga, and others. Based on the mode of delivery the market can be classified as direct and others. The market based on region, is segmented into North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa (MEA).
Top Key Players:
Pacific Nutritional Inc
Herbal Hills
Herb Pharm
Helio USA Inc
Nordic Naturals
Deepure Plus
Pure encapsulations, Inc.
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Alternative-Medicine-Market-Analysis-to-2025