The global complementary and alternative medicine for anti aging & longevity market size was valued at USD 36.91 billion in 2020, and is predicted to be worth around USD 190.02 billion by 2030, registering a CAGR of 23.2% during the forecast period 2022 to 2030.
Growing household income in developed countries, acceptance of herbal and ayurvedic medicine, and increasing age-related diseases have majorly the market for complementary and alternative medicine (CAM) for anti aging and longevity.
The rising aging population and diseases associated with it are the key factors expected to drive the market for complementary and alternative medicine (CAM) for antiaging and longevity. COVID-19 has encouraged the use of yoga in a sedentary lifestyle-oriented population. Since corporate companies adopted remote work owing to COVID-19, some organizations such as Citi, BlueBeam, 3M, and SAP prioritized virtual wellness programs to improve the stress and anxiety level of working from home. For instance, BlueBeam offered yoga and Tai Chi classes, incentive-based fitness challenges, and chair massage during the COVID-19 pandemic lockdown.
|Market Size||US$ 190.02 billion by 2030|
|Growth Rate||CAGR of 23.2% From 2022 to 2030|
|Forecast Period||2022 to 2030|
|Segments Covered||Intervention, Customer|
|Regional Scope||North America, Europe, Asia Pacific, Latin America, Middle East & Africa|
|Companies Mentioned||Anadolu Medical Center, Sinomedica, Acupuncture Enfants, Ayurveda Kuwait, Maya Reiki School, Maylilacs, Al Zuhair Holistic Medicine Center, Ayurmana By Dharma Ayurveda, Trinicum, Miskawaan Health Group, Therme Wien|
By Intervention Analysis
The traditional alternative medicine or botanicals segment accounted for the largest revenue share of over 30.0% in 2020. As the regulatory guidelines to start a business in this market are relatively relaxed than pharmaceutical companies, key players are interested in investments in CAM therapies.
Tai Chi is a form of relaxation exercise that helps improve stability, balance, and flexibility in older people, particularly patients with Parkinson’s disease. According to a research article published in 2021.
Technological advancements in sensory healing are boosting segment growth. For instance, HUSO is a sound healing system that employs acupuncture meridians to manage and harmonize the body along with a tone that deals with stress and toxic electromagnetic fields.
The increasing consumer awareness regarding the benefits of CAM products and the rising adoption of new sensory healing technology in hospitals and clinics are anticipated to drive the market. However
By Customer Analysis
The others segment dominated the market and held a revenue share of over 90.0% in 2020. The high net worth (HNW) individuals segment held the second-largest revenue share in 2020.
The segment is also projected to register the fastest growth rate from 2021 to 2030. An individual with a net worth between USD 1 to 5 million falls under this category.
The out-of-pocket expenditure on complementary medicine and therapies discourage low- and middle-income households to enter the market.
Rising income level in the economies is anticipated to drive the high net worth (HNW) individuals segment since various emerging economies consider CAM products for antiaging and longevity as luxurious and undermine the need for them. The strong economic growth in the household is a key determinate in complementary and alternative medicine for antiaging and longevity.
By Regional Analysis
Europe dominated the global market and accounted for a revenue share of over 30.0% in 2020.CAM has gained immense popularity and acceptance in Europe.CAM usage is more prevalent among women, well-educated individuals, and middle-aged people. In terms of health determinants, musculoskeletal problems are the most common conditions treated with CAM.
The Middle East and Africa region are expected to witness the fastest growth over the forecast period. The long history of using several spiritual techniques along with using herbal medicines for the treatment of various disorders is the key factor expected to drive the regional market during the forecast period.
Anadolu Medical Center
Maya Reiki School
Al Zuhair Holistic Medicine Center
Ayurmana By Dharma Ayurveda
Miskawaan Health Group
Traditional Alternative Medicine/Botanicals
Traditional Chinese Medicine
Zang Fu Theory
Acupuncture & Massage
Qigong & Tai chi
Meditation & Mindfulness
External Energy Healing
Magnetic & Electromagnetic therapy
High Net Worth (HNW) Individuals
Very High Net Worth (VHNW) Individuals
Ultra-high Net Worth (UHNW) Individuals
Rest of Latin America
Middle East & Africa
The complementary and alternative medicine for anti aging & longevity market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of complementary and alternative medicine for anti aging & longevity market for the base year 2021 and the forecast between 2022 and 2030. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global complementary and alternative medicine for anti aging & longevity market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the complementary and alternative medicine for anti aging & longevity market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted complementary and alternative medicine for anti aging & longevity market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
In terms of production side, this report researches the complementary and alternative medicine for anti aging & longevity capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.
In terms of consumption side, this report focuses on the consumption of complementary and alternative medicine for anti aging & longevity by regions (countries) and application.
Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global complementary and alternative medicine for anti aging & longevity market. These figures have been provided in terms of both revenue and volume for the period 2019 to 2030. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major complementary and alternative medicine for anti aging & longevity market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of complementary and alternative medicine for anti aging & longevity market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
Overall, this is an in-depth research report specifically for the complementary and alternative medicine for anti aging & longevity industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
complementary and alternative medicine for anti aging & longevity market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to complementary and alternative medicine for anti aging & longevity market.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of complementary and alternative medicine for anti aging & longevity market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new complementary and alternative medicine for anti aging & longevity market. These factors have benefited the growth of the global market for complementary and alternative medicine for anti aging & longevity. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for complementary and alternative medicine for anti aging & longevity. The global market is segmented on the basis of region, application, end-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).
In this study, the years considered to estimate the market size of complementary and alternative medicine for anti aging & longevity are as follows:
Reasons to Purchase this Report:
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
The study objectives of this report are:
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