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Global Complementary And Alternative Medicines (CAM) Market

The global complementary and alternative medicines (CAM) market was valued at USD 198.0 billion in 2020 and is expected to grow at a CAGR of 6.1% during the forecast period (2021 u2013 2027). The market is growing due to extensive awareness pertaining to use of traditional therapy procedures. Moreover, extensive adoption of natural wellness medicines and natural supplements along with initiatives undertaken by the government to promote the adoption of therapy that is further expected to bolster the growth of global complementary and alternative medicines market.

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Global Complementary And Alternative Medicines (CAM) Market

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  1. Complementary And Alternative Medicines (CAM) Market

  2. About VynZ Research… • VynZ Research is a global market research firm offering research, analytics, and consulting services on business strategies. We have a recognized trajectory record and our research database is used by many renowned companies and institutions in the world to strategize and revolutionize business opportunities. The company focuses on providing valuable insights on various technology verticals such as Chemicals, Automotive, Transportation, Energy, Consumer Durables, Healthcare, ICT and other emerging technologies. • VynZ Research has one of the most qualified & experienced analysts, who are constantly tracking the markets and the technologies. The research team has years of proven experience and wide knowledge & understanding of the technology, application, business models, and regulators of the segments and the value chain involved. • A trusted & proven methodology that involves highest quality of primary research, secondary analysis collated & verified through various sources including cross checking with different industry experts. • Serving wide range of customers most of them from Fortune 2000 companies • With a dedicated 24x7 customer helpline our customers can reach for specifying their needs • Developing long term relationship with the clients and satisfying them is one of the crucial notches of the company. VynZ Research aims at gaining and retaining its clients in order to make long term customer relationship.

  3. Global Complementary And Alternative Medicines (CAM) Market The global complementary and alternative medicines (CAM) market was valued at USD 198.0 billion in 2020 and is expected to grow at a CAGR of 6.1% during the forecast period (2021 – 2027). The market is growing due to extensive awareness pertaining to use of traditional therapy procedures. Moreover, extensive adoption of natural wellness medicines and natural supplements along with initiatives undertaken by the government to promote the adoption of therapy that is further expected to bolster the growth of global complementary and alternative medicines market. A complementary and alternative medicine (CAM) is an amalgamation of varied healthcare and medical systems, products and practices that are not adopted for the usage of conventional medicine. For instance, complementary medicine is a treatment that includes acupuncture that helps in reducing the ill effects of cancer treatment. Additionally, alternative medicine is a therapy that is used in place of standard medical treatments. For instance, using use of special diet is being included for the treatment of cancer inspite of anticancer drugs prescribed by oncologist.

  4. Global Complementary And Alternative Medicines (CAM) Market On the basis of application, the global CAM market is categorised into neurological disorders, depression and anxiety, weight loss pain management, skin disorders, chronic diseases, infertility, and others. Amongst these segments, skin disorder and chronic diseases segments are expected to generate highest CAGR during the forecast period due to extensive costs of conventional medicine and increasing disposition towards body wellness. Increasing adoption of unhealthy lifestyle and extensive geriatric population are the key factors that are driving the growth of global complementary and alternative medicines (CAM) market. Prospective for alternative therapies and medicines are being adopted for management of various medical situations such as insomnia, hypertension, obesity and stress. Furthermore, the economies pertaining rich diversity of conventional therapies and medicines are other factors that are driving the growth of global complementary and alternative medicines (CAM) market.

  5. Global Complementary And Alternative Medicines (CAM) Market Moreover, complementary and alternative medicines market in Asia-Pacific is anticipated to witness highest CAGR during the forecast period due to excessive emphasis of population of this region towards wellness programs and increasing development of wellness medical infrastructure are the key factors pertaining towards its rapid growth. The key player in this market comprises of both large as well and small service provides making it a fragmented market structure. Moreover, the eminent key players in the global complementary and alternative medicines market are undertaking mergers and acquisitions and collaborations in order to expand their product portfolio and gaining competitive advantage. Some of the players having prominent presence in the global complementary and alternative medicines market include Dabur India Ltd., BiologischeHeilmittel Heel GmbH, Novartis AG, The Arya Vaidya Pharmacy (CBE) Ltd., Boiron, Cipla Limited, PEKANA Naturheilmittel GmbH, Weleda AG, Herb Pharm, Deepure Plus, Herbal Hills, Helio USA Inc., Columbia Nutritional Inc., Nordic Naturals, and Pure Encapsulations, Inc.

  6. For Sample Report :- https://www.vynzresearch.com/healthcare/complementary-and-alternative-medicines-market/request-sample www.vynzresearch.com

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