DUBLIN, March 28, 2024 (GLOBE NEWSWIRE) — “Global Complementary and Alternative Medicine Market (2023-2028) Competitive Analysis, Covid-19 Impact, Ansoff Analysis” report added. I did. ResearchAndMarkets.com Recruitment.
Market trends and the impact of the new coronavirus infection
A comprehensive analysis of the global complementary and alternative medicine market has been published, revealing the market value has surged from USD 108.7 billion in 2023 to an expected USD 192.41 billion by 2028 . The market is witnessing a compound annual growth rate (CAGR) of 12.1. %. A thorough study of market trends reveals that this trend includes increasing consumer preference for natural and organic products, advances in complementary and alternative medicine (CAM) therapies, and growing global awareness of the health benefits of CAM therapies. We find that we are driving growth in the field. . The analysis also examines the impact of the COVID-19 pandemic and highlights the changing trends towards personal health and wellness that have boosted the market despite global economic challenges.
Market segmentation and geographic insights
Segmenting the market provides insights into different categories such as distribution, intervention, and geography. The study identifies direct sales, electronic sales, and telecommunications as the key distribution channels supporting market growth. Intervention approaches such as traditional alternatives/plants, mind healing, and body healing are widely evaluated for consumer demand and growth potential. Geographically, the Americas, Europe, Middle East & Africa, and Asia Pacific regions are analyzed to provide a thorough understanding of the market dynamics operating in each region.
Company profile and competitive environment
The analysis includes a detailed study of key players in the CAM market. It benchmarks companies on various performance indicators, provides insights into strategic positioning of companies, and ensures thorough competitive analysis to market stakeholders. A focus on financial performance, investment, market share growth, and innovation distinguishes the key companies leading the industry’s development.
Ansoff analysis
This strategic tool is used within the report to predict various growth strategies for the market. The application of Ansoff Matrix in the CAM market outlines the optimal paths for market development, penetration, product innovation, and diversification. Additionally, SWOT analysis aids in comprehensive strategic planning and highlights market growth opportunities and potential risks.
Provide comprehensive reporting
The report reveals key market dynamics, trends, segmentation, and competitive analysis with an aim to provide an extensive assessment. Having a solid understanding of the parent industry and its regulatory landscape provides companies and investors with valuable insights to make informed decisions. Historical, current, and projected sizing of the market provides a detailed understanding of market evolution and highlights the effectiveness of industry strategies and performance benchmarks.
This thorough market analysis will help companies in the complementary and alternative medicine space strengthen their market presence, navigate industry complexity, and identify paths for positioning, growth, and maintaining competitiveness. We are well prepared. If you would like to learn more, the full report contains a wealth of knowledge to help stakeholders make educated business decisions in the expanding field of complementary and alternative medicine.
key attributes
| report attributes | detail |
| number of pages | 175 |
| Forecast period | 2023-2028 |
| Estimated market value in 2023 (USD) | $108.7 billion |
| Projected market value to 2028 (USD) | $192.41 billion |
| compound annual growth rate | 12.1% |
| Target area | global |
Featured companies
- Amrita Ayurveda & Yoga
- AYUSH Ayurveda
- bikram yoga
- bio tailor
- Body & Soul Yoga Club
- columbia nutrition
- health clinic
- Helio USA
- herbal pharmacy
- herbal hills
- John Schumacher Unity Woods Yoga Center
- LKK Health Products Group
- Namat Fitness Management Shanghai
- nature quest
- nordic nutritional supplements
- pure encapsulation
- quantum touch
- Ramamani Iyengar Memorial Yoga Institute
- Seisho Pharmaceutical
- The Healing Company
- true yoga
- welcome cure
- yoga tree studio
For more information on this report, please visit https://www.researchandmarkets.com/r/7rkfgo.
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Global complementary and alternative medicine market
