The market for Complementary and Alternative Medicine for Anti-Aging & Longevity was USD 44.6 Billion in 2021, and it is expected to grow at a CAGR of 24.4% from 2022 to 2032.
The market for complementary and alternative medicine (CAM) for anti-ageing and & longevity will be driven by the growing ageing population and diseases linked with it. The Complementary and Alternative Medicine for Anti-Aging & Longevity Market accounted for an absolute dollar opportunity of nearly USD 347.7 Billion from 2022 to 2032.
| Attributes | Details |
|---|---|
| Global Complementary and Alternative Medicine for Anti-Aging & Longevity (2022) | USD 44.6 Billion |
| Global Complementary and Alternative Medicine for Anti-Aging & Longevity (2032) | USD 347.7 Billion |
| Global Complementary and Alternative Medicine for Anti-Aging & Longevity CAGR (2022 to 2032) | 24.4% |
| USA Complementary and Alternative Medicine for Anti-Aging & Longevity (2032) | 24.9% |
| Key Companies Profiled | Anadolu Medical Center; Sinomedica; Acupuncture Enfants; Ayurveda Kuwait; Maylilacs; Al Zuahir Holistic Medicine Center; Ayurmana by Dharma Ayurveda; Trinicum; Miskawaan Health Group; Therme Wien |
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As per the Complementary and Alternative Medicine for Anti-Aging & Longevity Market industry research by Future Market Insights - a market research and competitive intelligence provider, historically, from 2017 to 2021, the market value of the Complementary and Alternative Medicine for Anti-Aging & Longevity increased at around 20.9% CAGR.
The Complementary and Alternative Medicine for Anti-Aging & Longevity Market is projected to grow at a CAGR of 24.4% over the coming ten years.
The market is expected to grow in the coming years as a result of the changing regulatory landscape and strong government initiatives, which have led to the establishment of strong transnational links across therapeutic paths that connect global, national, and local alternative medicine groups.
Furthermore, government activities examining standards relating to the right to health in all of its manifestations are expected to bolster consumers' participation and service providers in the field of CAM. Government actions, such as increased targeted spending, the establishment of government facilities, and the publication of guidelines to ensure the use of complementary and alternative medicine, all help to drive demand for integrative health and complementary medicine practices (CAM).
Medical tourism, which attracts people from all over the world and allows them to seek world-class alternative medical care, is also being promoted by regulatory organizations. In some Indian states, for example, regulatory authorities have invested significantly in the creation and standardization of alternative medical services. A government entity named the Ministry of Ayush has been established to oversee Yoga, Ayurveda, homeopathic, and naturopathy instruction, product creation, research, and other services in India.
Furthermore, in the next years, research focusing on the utilization of traditional medications for the treatment of COVID-19 patients is expected to gain pace. Traditional COVID-19 therapy alternatives are being supported by governments all around the world, but they must meet the same research standards as all other pharmacological choices. This is consequently having a positive ripple effect on complementary and alternative medicine for the anti-aging & longevity market.
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In 2020, Europe dominated the global market, accounting for nearly 30% of total sales. In Europe, complementary and alternative medicine (CAM) has become significantly popular and well-accepted. Chiropractic, massage, homeopathy, reflexology, acupuncture, and herbal medicine are the most often used CAM therapies in Europe.
Women and people in their middle years are more likely to use complementary and alternative medicine (CAM). Musculoskeletal issues are the most common conditions addressed with complementary and alternative medicine (CAM) in terms of health determinants. Depression, severe headaches, back issues, stomach or intestinal diseases, and sleeplessness are the most common conditions linked to the use of complementary and alternative medicine.
Furthermore, Ayurveda is gaining popularity in several European countries, with Germany serving as the epicenter of Ayurveda and leading the way in the region, with Austria and Switzerland following suit. EUAA is a federation of educational institutions, Ayurvedic organizations, manufacturers, hospitals, distributors, therapists, and suppliers. The EUAA is a non-profit organization that represents 16 European Economic Area countries and institutions. The mission of the organization is to promote Ayurveda as a holistic medicine throughout the region.
Over the projected period, the market in the Middle East and Africa is expected to expand at the fastest pace. The long history of adopting spiritual approaches as well as herbal remedies to cure various ailments is projected to drive the regional market throughout the forecast period. In the coming years, Qatar is expected to be the region's fastest-growing market for mind-body therapies.
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In 2020, the traditional alternative medicine or Traditional Alternative Medicine/Botanicals segment accounted for more than 30% of complementary and alternative medicine for anti-aging & longevity sales. Key players have been investing in CAM therapies since the regulatory rules for starting a business in this industry are less strict than for pharmaceutical enterprises. Government actions meanwhile, boost entrepreneur activity in the CAM domain.
Tai Chi is a type of relaxation exercise that assists older adults, especially those with Parkinson's disease, improve their stability, balance, and flexibility. According to a study released in 2021, in older people, the aggregate cerebral vascular hemodynamic index who practiced Tai Chi was similar to that of the young population and showed a substantial improvement when compared to older adults who did not practice Tai Chi.
The segment growth is being boosted by technological breakthroughs in sensory healing. HUSO, for example, is a sound therapy system that uses acupuncture meridians to control and harmonize the body, as well as a tone to cope with stress and harmful electromagnetic fields. Headphones and wrist and ankle padding are included in the product.
Consumer awareness about the benefits of complementary and alternative medicine goods is expected to grow, as is the adoption of innovative sensory healing technology in hospitals and clinics. However, as western medicine becomes more involved in the anti-aging and longevity business, the sector's expansion will be constrained.
Since several emerging economies perceive CAM products for antiaging and lifespan to be expensive and undercut the need for them, HNWs represent a lucrative consumer pool for complementary and alternative medicine for anti-aging & longevity. Individuals with high net worth in industrialized countries are more inclined than those in poor countries to spend money on complementary and alternative medicine for antiaging and longevity. The low opportunity cost and high social presence are the reasons behind this.
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.
The key players in the global Complementary and Alternative Medicine for Anti-Aging & Longevity market are Anadolu Medical Center, Sinomedica, Acupuncture Enfants, and Ayurveda Kuwait.
Some of the recent developments in complementary and alternative medicine for the anti-aging & longevity market are:
The global Complementary and Alternative Medicine for Anti-Aging & Longevity market size was estimated at USD 36.5 Billion in 2021 and is estimated to grow further to USD 44.6 Billion in 2022.
The value of Complementary and Alternative Medicine for the Anti-Aging & Longevity Market is projected to increase at a CAGR of around 24.4% from 2022 to 2032.
The value of Complementary and Alternative Medicine for the Anti-Aging & Longevity Market increased at a CAGR of around 20.9% from 2017 to 2021.
The market for complementary and alternative medicine (CAM) for antiaging and lifespan will be driven by the growing aging population and diseases linked with it.
The top 5 countries driving demand for the Complementary and Alternative Medicine for Anti-Aging & Longevity Market are the USA, China, Japan, the United Kingdom, and South Korea
USA accounted for over 40% of global Complementary and Alternative Medicine for Anti-Aging & Longevity Market demand in 2021.
The United Kingdom market for Complementary and Alternative Medicine for Anti-Aging & Longevity Market is projected to expand at a CAGR of around 22.8% from 2022 to 2032.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2017 to 2021 and Forecast, 2022 to 2032 5. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Intervention 5.1. Traditional Alternative Medicine/Botanicals 5.1.1. Ayurveda 5.1.2. Apitherapy 5.1.3. Bach Flower Therapy 5.1.4. Naturopathic Medicine 5.1.5. Traditional Chinese Medicine 5.1.6. Traditional Korean Medicine 5.1.7. Traditional Japanese Medicine 5.1.8. Traditional Mongolian Medicine 5.1.9. Traditional Tibetan Medicine 5.1.10. Zang Fu Theory 5.2. Mind Healing 5.2.1. Autosuggestion 5.2.2. Hypnotherapy 5.2.3. Neuro-linguistic Programming 5.2.4. Self-hypnosis 5.2.5. Other Mind Healing 5.2.6. Auriculotherapy 5.3. Body Healing 5.3.1. Acupressure 5.3.2. Acupuncture 5.3.3. Alexander Technique 5.3.4. Auriculotherapy 5.3.5. Other Body Healing 5.4. External Energy 5.4.1. Magnetic Therapy 5.4.2. Radionics 5.4.3. Reiki 5.4.4. Therapeutic Touch 5.4.5. Chakra Healing 5.5. Sensory Healing 5.5.1. Aromatherapy 5.5.2. Music therapy 5.5.3. Sonopuncture 5.5.4. Sound Therapy 6. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Distribution Method 6.1. Direct Sales 6.2. E-sales 6.3. Distance Correspondence 7. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Region 7.1. North America 7.2. Latin America 7.3. Europe 7.4. Asia Pacific 7.5. Middle East and Africa 8. North America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 9. Latin America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 10. Europe Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 11. Asia Pacific Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 12. Middle East and Africa Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 13. Key Countries Market Analysis 14. Market Structure Analysis 15. Competition Analysis 15.1. Columbia Nutritional 15.2. Herbal Hills 15.3. Yoga Tree Studios, Inc. 15.4. Helio USA Inc. 15.5. NatureKue 15.6. Nordic Nutraceuticals 15.7. Pure Encapsulations, LLC. 15.8. The Healing Company Ltd. 15.9. Quantum-Touch 15.10. Amrita Ayurveda & Yoga 15.11. Sheng Chang Pharmaceutical Company 15.12. LKK Health Products Group Limited 15.13. Herb Pharm 16. Assumptions & Acronyms Used 17. Research Methodology
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Complementary and Alternative Medicine for Anti Aging & Longetivity Market
