The Global Complementary and Alternative Medicine for Anti-Aging & Longevity market revenue were estimated at 44.6 Billion in 2022 and is anticipated to grow at a CAGR of 24.4% from 2022 to 2032, according to a recently published Future Market Insights report. By the end of 2032, the market is expected to reach US$ 347.7 Billion.
The revenue from the US market was held at around US$ 13.2 Billion in 2021 and is projected to garner an absolute dollar opportunity of US$ 133.2 Billion during 2022 to 2032.
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Amid COVID-19 many complementary and alternative medicines (CAM) and practices have witnessed a boom in demand and supply on a global scale. According to recent surveys, members of the public and patients are increasingly seeking CAM information from pharmacists and other healthcare professionals in order to avoid relieve symptoms, or treat COVID-19.
Key Takeaways from the Market Study
- Global Complementary and Alternative Medicine for Anti-Aging & Longevity Devices market is estimated to reach a market size of US$ 44.6 Billion by 2022.
- By 2032, US Market Size is expected to reach US$ 149.5 Billion.
- From 2022 to 2032, the Traditional Alternative Medicine/Botanicals segment is expected to increase at a CAGR of 23.2%
- Other Customer Types Segment increased at a CAGR of 20.5% from 2017 to 2021, and is now predicted to grow at CAGR of 24.9% during the forecast period.
Competitive Landscape
The global market is significantly competitive due to the existence of several companies. Key players focus on growth strategies such as improvement of existing technology, geographic expansion, product launch and product approval to gain higher market share. Various development strategies help raise consumer awareness of new processes and products, such as product launches and collaborations.
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The key players in the global Complementary and Alternative Medicine are:
- Anadolu Medical Center
- Sinomedica
- Acupuncture Enfants
- Ayurveda Kuwait
- Maylilacs
- Al Zuahir Holistic Medicine Center
- Ayurmana by Dharma Ayurveda
- Trinicum
- Miskawaan Health Group
- Therme Wien
Some of the recent developments in complementary and alternative medicine for anti-aging & longevity market are:
- In April 2021, Miskawaan Health Group announced the arrival of integrated tailored German cancer medicines in Thailand. Miskawaan Integrative Cancer Care was established in Bangkok by the corporation.
- In June 2021, the Indian government unveiled the “mYoga” application, which was created in collaboration with the WHO by the Morarji Desai National Institute of Yoga and the Ministry of Ayush. The app includes audio and video practise and training sessions based on the Common Yoga Protocol. The goal is to promote the concept of “one planet, one health.”
- In December 2019, a new clinic in Pinecrest, the second in Florida and the 54th in the United States was opened by Modern Acupuncture. This is intended to broaden the scope of the clinic’s acupuncture services in the country, bolstering its market position.
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More Insights Available
Future Market Insights, in its new offering, presents an unbiased analysis of the Complementary and Alternative Medicine for Anti-Aging & Longevity Devices market, presenting historical market data (2017 to 2021) and forecast statistics for the period of 2022 to 2032.
Market Segments Covered in Complementary and Alternative Medicine for Anti-Aging & Longevity Market Analysis
By Intervention Type:
- Body Healing
- Yoga
- Acupuncture & Massage
- Chiropractic
- Qigong & Tai chi
- Kinesiology
- Reflexology
- Eurythmy
- Other Body Healings
- Traditional Alternative Medicine/Traditional Alternative Medicine/Botanicals
- Ayurveda
- Naturopathic Medicine
- Traditional Chinese Medicine
- Zang Fu Theory
- Other Traditional Alternative Medicine/Traditional Alternative Medicine/Botanicals
- Mind Healing
- Meditation & Mindfulness
- Relaxation
- Other Mind Healings
- External Energy Healing
- Magnetic & Electromagnetic therapy
- Chakra healing
- Reiki
- Other External Energy Healings
- Sensory Healing
- Aromatherapy
- Sound healing
By Customer Type:
- High Net Worth (HNW) Individuals
- Very High Net Worth (VHNW) Individuals
- Ultra-high Net Worth (UHNW) Individuals
- Other Customer Types
About Future Market Insights, Inc.
Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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