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Alternative and Complementary Medicine - Global Market Trajectory & Analytics

  • ID: 5301904
  • Report
  • April 2021
  • Region: Global
  • Global Industry Analysts, Inc

FEATURED COMPANIES

  • Atkins Health Center
  • Biomag Medical s.r.o.
  • BiomagScience
  • BIOTAILOR
  • Body & Soul Yoga Club
  • Columbia Nutritional
Global Alternative and Complementary Medicine Market to Reach $272 Billion by 2027

Amid the COVID-19 crisis, the global market for Alternative and Complementary Medicine estimated at US$80.8 Billion in the year 2020, is projected to reach a revised size of US$272 Billion by 2027, growing at a CAGR of 18.9% over the analysis period 2020-2027. Botanicals, one of the segments analyzed in the report, is projected to record a 19% CAGR and reach US$110.4 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Mind & Body Healing segment is readjusted to a revised 20.1% CAGR for the next 7-year period.





The U.S. Market is Estimated at $21.7 Billion, While China is Forecast to Grow at 24.2% CAGR

The Alternative and Complementary Medicine market in the U.S. is estimated at US$21.7 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$65.1 Billion by the year 2027 trailing a CAGR of 24.3% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 13.7% and 16.7% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 14.9% CAGR.

Acupuncture Segment to Record 17.9% CAGR

In the global Acupuncture segment, USA, Canada, Japan, China and Europe will drive the 16.9% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$10.8 Billion in the year 2020 will reach a projected size of US$32.1 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$43.3 Billion by the year 2027, while Latin America will expand at a 19.7% CAGR through the analysis period.

Select Competitors (Total 36 Featured):
  • Atkins Health Center
  • Biomag Medical s.r.o.
  • BiomagScience
  • BIOTAILOR
  • Body & Soul Yoga Club
  • Columbia Nutritional
  • Fit to Function Kinesiology
  • Helio USA Inc.
  • Herb Pharm
  • Herbal Hills
Frequently Asked Questions about the Global Market for Alternative and Complementary Medicine

What is the estimated value of the Global Market for Alternative and Complementary Medicine?

The Global Market for Alternative and Complementary Medicine was estimated to be valued at $80.8 Billion in 2020.

What is the growth rate of the Global Market for Alternative and Complementary Medicine?

The growth rate of the Global Market for Alternative and Complementary Medicine is 18.9%, with an estimated value of $272.0 Billion by 2027.

What is the forecasted size of the Global Market for Alternative and Complementary Medicine?

The Global Market for Alternative and Complementary Medicine is estimated to be worth $272.0 Billion by 2027.

Who are the key companies in the Global Market for Alternative and Complementary Medicine?

Key companies in the Global Market for Alternative and Complementary Medicine include Atkins Health Center, Biomag Medical s.r.o., BiomagScience, BIOTAILOR, Body & Soul Yoga Club, Columbia Nutritional, Fit to Function Kinesiology, Helio USA Inc. and Herbal Hills.
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Atkins Health Center
  • Biomag Medical s.r.o.
  • BiomagScience
  • BIOTAILOR
  • Body & Soul Yoga Club
  • Columbia Nutritional

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS3. MARKET TRENDS & DRIVERS4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
  • UNITED STATES
  • CANADA
  • JAPAN
  • CHINA
  • EUROPE
  • FRANCE
  • GERMANY
  • ITALY
  • UNITED KINGDOM
  • SPAIN
  • RUSSIA
  • REST OF EUROPE
  • ASIA-PACIFIC
  • AUSTRALIA
  • INDIA
  • SOUTH KOREA
  • REST OF ASIA-PACIFIC
  • LATIN AMERICA
  • ARGENTINA
  • BRAZIL
  • MEXICO
  • REST OF LATIN AMERICA
  • MIDDLE EAST
  • IRAN
  • ISRAEL
  • SAUDI ARABIA
  • UNITED ARAB EMIRATES
  • REST OF MIDDLE EAST
  • AFRICA

IV. COMPETITION
  • Total Companies Profiled: 36
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • Atkins Health Center
  • Biomag Medical s.r.o.
  • BiomagScience
  • BIOTAILOR
  • Body & Soul Yoga Club
  • Columbia Nutritional
  • Fit to Function Kinesiology
  • Helio USA Inc.
  • Herb Pharm
  • Herbal Hills
Note: Product cover images may vary from those shown