Alternative medicine

Complementary and Alternative Medicine Market Size is Expected

Complementary and Alternative Medicine Market

According to a new study by Polaris Market Research, the global complementary and alternative medicine market size is expected to reach USD 391.32 billion by 2028.

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Medical tourism, which attracts people from all over the world and encourages them to seek world-class alternative medical care, is also promoted by regulatory bodies. In some Indian states, for example, regulators have invested heavily in defining alternative installation standards. The “Ministry of Ayush” is established to oversee the teaching of yoga, ayurveda, homeopathy and naturopathy, product creation, research and many other services in India.

Alternative treatments include the Alexander Process, aromatherapy, natural medicine, homeopathy, reiki, naturopathy, acupuncture, and yoga. Not only the industry players but also the medical community are implementing profitable business growth strategies to ensure successful marketing and promotion of alternative medicine therapies.

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Yoga and other modern mind-focused medicines are expected to get a lot of traction in the years to come. The growth of complementary and alternative medicine mind healing interventions market is expected to be aided by the growing applications of yoga in chronic diseases such as cancer, COVID-19, and cardiovascular disease.

More than half of physicians in the United States have recommended at least one alternative health intervention to their patients, according to a January 2020 report. Additionally, many female physicians incorporate holistic medicine methods, while male physicians are more likely to prescribe osteopathic manipulations. and chiropractic care strategies. The frequency of these surveys is expected to increase, allowing physicians, patients, and medical schools to learn more about the wide variation in the use of alternative therapies.

Some of the major players in the global complementary and alternative medicine market include John Schumacher Unity Woods Yoga Center, The Healing Company Ltd., Columbia Nutritional, Nordic Nutraceuticals, Herb Pharm, Sheng Chang Pharmaceutical Company, Pure encapsulations, LLC, Ramamani Iyengar Memorial Yoga Institute and AYUSH Ayurvedic Pte Ltd.

Polaris Market Research has segmented the Complementary and Alternative Medicine Market report on the basis of intervention, distribution method, and region:

Complementary and Alternative Medicine, Intervention Outlook (Revenue – USD Million, 2016 – 2028)

• Traditional/botanical alternative medicine
o Ayurveda
o Apitherapy
o Bach Flower Therapy
o Naturopathy
o Traditional Chinese
o Traditional Korean
o Traditional Japanese
o Traditional Mongolian
o Traditional Tibetan
o Zang-Fu Theory

• Spirit Healing
o Autosuggestion
o Hypnotherapy
o Neuro-linguistic programming
o Self-hypnosis
o Spiritual treatment of the mind
o Transcendental Meditation
• Body healing
o Acupressure
o Acupuncture
o Alexander technique
o Auriculotherapy
o Autogenic Training
o Chiropractic
o Cupping therapy
o Kinesiology
o Osteomyology
o Osteopathy
o Pilates
o Qigong
o Reflexology
o Yoga

• External energy
o Magnetic therapy
• Biomagnetic therapy
• Magnetic resonance therapy
o Radionics
or Reiki
o Therapeutic touch
o Chakra Healing

• Sensory Healing
o Aromatherapy
o Music therapy
o Sound puncture
o Sound Therapy

Complementary and Alternative Medicine, Delivery Method Outlook (Revenue – USD Million, 2016 – 2028)

• Direct sales
• Online sales
• Remote correspondence

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