Global Complementary and Alternative Medicine Market Size, Share and Trend Analysis Report for Anti-Aging and Longevity 2024-2030

Global complementary and alternative medicine for anti-aging and longevity markets

DUBLIN, February 28, 2024 (GLOBE NEWSWIRE) — “Global Complementary and Alternative Medicine Market Size, Share by Intervention and Trend Analysis Report (Botanical Medicines, Mind Healing), Customers, Regions, Added “Forecast and Segment 2024-2030” report. ResearchAndMarkets.com Recruitment.

The global complementary and alternative medicine market for anti-aging and longevity is expected to reach USD 247.9 billion by 2030 and is expected to expand at a CAGR of 21.5% from 2024 to 2030.

Rising household incomes in developed countries, acceptance of herbal and Ayurvedic medicine, and increase in age-related diseases are creating a growing market for complementary and alternative medicine (CAM) for anti-aging and longevity.

In the traditional alternative medicine/plant intervention segment, Ayurveda led the market in 2023 as cosmetics market players are involved in research and development of anti-aging cosmetics based on Ayurveda. The mind healing sector is expected to witness steady growth from 2024 to 2030 due to the increasing acceptance of meditation and mindfulness in corporate offices.

The sensory healing segment is expected to expand at a considerable CAGR during the forecast period due to its increasing popularity in hospitals and clinics. For example, in October 2021, audio platform Spatial partnered with HealthTune Scientific and Wellstar’s Catalyst to use sensory healing to reduce stress and anxiety for frontline healthcare workers.

Ayurveda is recognized as medicine in 16 countries, including Brazil, Switzerland, Hungary, Nepal, Bahrain, UAE, and Saudi Arabia. On the other hand, Ayurvedic practices are regulated in some regions such as Romania, Hungary, Ontario, and Turkey. In the UK, this is part of the National Health Policy. Therefore, the increasing acceptance of Ayurvedic medicine is expected to propel the complementary and alternative medicine market significantly. Additionally, insurance coverage by public and private companies is expected to drive market growth.

The novel coronavirus disease (COVID-19) has triggered the introduction of CAM therapy in daily life. Enrollment for online yoga classes has increased by 25% during the pandemic. Similarly, the COVID-19 pandemic accelerated demand for yoga equipment by 154%. Leading companies and competent regulatory bodies are undertaking various strategic initiatives such as regional expansion to enhance their presence in the market.

Key attributes:

story continues

Market trend

Analysis of market drivers

• Increase in the elderly population and age-related diseases

• Raising awareness of traditional medicine

• Government initiatives and supporting regulations

Market restraint analysis

• FDA and Medically Approved Anti-Aging Drugs Are Substitutes and Threats to Alternative Medical Therapies

• Complementary and alternative medicine indirectly targets age-related diseases (not the primary solution)

Complementary and Alternative Medicine Market Analysis Tools for Anti-Aging and Longevity

anti aging medicine

integrated medicine

functional medicine

nutritional therapy

exercise therapy

mental therapy

competitive environment

• Center Chiropractic de la Colonne Vertebrae

• Anadolu Medical Center

• Sino Medica

• acupuncture children

• Ayurveda Kuwait

• maya reiki school

• Mayra Lux

• Al Zuhair Holistic Medical Center

• Ayurmana according to Dharma Ayurveda

• trinicum

• Miskawaan Health Group

• Therme Vienna

• healthspi

• Viva Meyer

• Optimal spine and joint centering

• Daiichi Chiropractic Center

• Rama Poly Clinic LLc

• Al Manar Ayurveda Center

• american chiropractic center

• Qatar Chiropractic & Physiotherapy Clinic

• sathyamani

• Elixir Health Center

• Acupuncture.Paris (Annabelle Chantelier)

• transformer health

• Swiss Academy of Ayurvedic Medicine

• Clinic Les Alpes

• Paracelsus Clinic Lustmuehle Ag

• Alternative medicine in Switzerland

• Turnpaw Health & Wellness

• Natural Integrative Medicine Center

• Angel Longevity Medical Center

• Peaks of Health Metabolic Medical Center

• JSCM TCM Clinic

• london hydrotherapy

• minchen clinic

• Uka Acupuncture Clinic

• Bionorica Se

• 8 Wegues der Mitte

• pasco natural medicine

• Brixana Private Clinic

• Homeopathy Vescobio Center

• Sha Wellness Clinic

• Suka Ayurveda

• Thalia chiropractica

• Natural Healing Acupuncture Medical Center

• Kindcare Medical Center

• cure

• aviv clinic

• Seva experience

• Bahrain Hospital & Health Resort

• in touch clinic

• International Chinese Body Care House

• Doha Chiropractic Center

• specialized medical center hospital

• fake care

• Almoyassar Physical Therapy Center

• Murona Clinic & Fitness

• Terme di Riolo Srl

• Meispa

For more information on this report, please visit https://www.researchandmarkets.com/r/q9ziwd.

About ResearchAndMarkets.com
ResearchAndMarkets.com is the world’s leading source of international market research reports and market data. We provide the latest data on international and regional markets, key industries, top companies, new products and latest trends.

attachment

CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood,Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900