Complementary And Alternative Medicine For Anti-aging & Longevity Market To Expand At A CAGR 21.5% From 2024 To 2030Posted by Neha Bora on February 26th, 2024 San Francisco, 26 Feb 2024: The Report Complementary And Alternative Medicine For Anti-aging & Longevity Market Size, Share & Trends Analysis Report By Intervention (Botanicals, Mind Healing), By Customer, By Region, And Segment Forecasts, 2024 - 2030 The global complementary and alternative medicine for anti-aging and longevity market size is expected to reach USD 247.9 billion by 2030, as per a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 21.5% from 2024 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. In the traditional alternative medicine/botanicals intervention segment, Ayurveda led the market in 2023 as cosmetic market players are involved in the R&D of Ayurveda-based anti-aging cosmeceuticals. The mind healing segment is expected to witness steady growth from 2024 to 2030 due to the rising acceptance of meditation and mindfulness in corporate offices. The sensory healing segment is expected to expand at a considerable CAGR over the forecast period due to the increasing popularity in hospitals and clinics. For instance, in October 2021, Spatial, an audio platform, partnered with HealthTune scientific and Catalyst by Wellstar to use sensory healing to reduce stress and anxiety of frontline healthcare workers. Ayurveda is acknowledged as a medicine in 16 countries including Brazil, Switzerland, Hungary, Nepal, Bahrain, UAE, and Saudi Arabia. Whilst, some regions such as Romania, Hungary, Ontario, and Turkey regulate ayurvedic practices. In the U.K., it is a part of the National Health Policy. Thus, increasing acceptance of ayurvedic medicine is expected to drive the complementary and alternative medicine market to a major extent. In addition, insurance coverage by public and private players is anticipated to fuel market growth. COVID-19 has become a catalyst for the implementation of CAM therapies in day-to-day life. Owing to the pandemic, online yoga classes witnessed a 25% increase in enrollment level. Similarly, in the COVID-19 pandemic, the demand for yoga equipment accelerated by 154%. Key players and governing regulatory bodies are undertaking various strategic initiatives such as regional expansion to develop their presence in the market. Access Research Report of Complementary And Alternative Medicine For Anti-aging & Longevity Market @ https://www.grandviewresearch.com/industry-analysis/complementary-alternative-medicine-anti-aging-longevity-market-report Complementary And Alternative Medicine For Anti-aging & Longevity Market Report Highlights
Complementary And Alternative Medicine For Anti-aging & Longevity Market Report Scope
List of Key Players of Complementary And Alternative Medicine (CAM) For Anti-aging & Longevity Market
Access Press Release of Complementary And Alternative Medicine For Anti-aging & Longevity Market @ https://www.grandviewresearch.com/press-release/global-complementary-alternative-medicine-anti-aging-longevity-market Like it? Share it!More by this author |