Global Anti-Aging & Longevity Complementary and Alternative Medicine Market Analysis & Forecasts, 2017-2021 & 2022-2028 – GlobeNewswire
| Source: Research and Markets Research and Markets
Dublin, Feb. 02, 2022 (GLOBE NEWSWIRE) — The “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, 2021-2028” report has been added to ResearchAndMarkets.com’s offering.
The global complementary and alternative medicine for anti aging and longevity market size is expected to reach USD 182.9 billion by 2028. It is expected to expand at a CAGR of 22.2% from 2021 to 2028.
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 2020 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 2021 to 2028 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 by154%. Key players and governing regulatory bodies are undertaking various strategic initiatives such as regional expansion to develop their presence in the market.
Complementary And Alternative Medicine For Anti Aging & Longevity Market Report Highlights
Key Topics Covered:
Chapter 1 Methodology And Scope
Chapter 2 Executive Summary
Chapter 3 Market Variables, Trends, & Scope
3.1 Market Lineage Outlook
3.1.1 Parent Market Outlook
3.1.2 Related/Ancillary Market Outlook
3.2 Market Dynamic
3.2.1 Market Driver Analysis
18.104.22.168 Increasing aging population and related diseases
22.214.171.124 Increasing awareness of traditional medicines
126.96.36.199 Government Initiatives and Encouraging Regulation
3.2.2 Market Restraints
188.8.131.52 FDA and medically approved drugs for aging
184.108.40.206 Target anti-aging related diseases indirectly (not the primary solution)
3.2.3 Market Opportunity
220.127.116.11 Development of Meditation centers
3.2.4 Market Threat
18.104.22.168 Rising consumption of anti age cosmetics
3.3 Penetration and Growth Prospect Mapping for Test Type 2020 (USD Million)
3.4 COVID-19 Impact Analysis
3.5 Business Environment Analysis
3.5.1 Swot Analysis; By Factor (Political & Legal, Economic And Technological)
3.5.2 Porter’s Five Forces Analysis
3.6 Pricing Analysis
3.7 Antiaging Medicine
3.7.1 Integrative Medicine
3.7.2 Holistic Medicine
3.7.3 Functional Medicine
3.7.4 Nutritional Therapy
3.7.5 Exercise Therapy
3.7.6 Mental Therapy
Chapter 4 Intervention Business Analysis
4.1 Complementary And Alternative Medicine Market for Antiaging and Longevity: Intervention Movement Analysis
4.2 Traditional Alternative Medicine/Botanicals
4.2.1 Global Traditional Alternative Medicine/Botanicals Market For Antiaging And Longevity Estimates And Forecast, 2017-2028 (USD Million)
4.2.3 Naturopathic Medicine
4.2.4 Traditional Chinese Medicine
4.2.5 Zang Fu Theory
4.3 Body Healing
4.3.1 Global Body Healing Cam Market For Antiaging And Longevity Estimates And Forecast, 2017-2028 (USD Million)
4.3.3 Acupuncture & Massage
4.3.5 Qigong & Tai Chi
4.4 Mind Healing
4.4.1 Global Mind Healing Based Market For Antiaging And Longevity Estimates And Forecast, 2017-2028 (USD Million)
4.4.2 Meditation & Mindfulness
4.5 External Energy Healing
4.5.1 Global External Energy Healing Based Market For Antiaging And Longevity Estimates And Forecast, 2017-2028 (USD Million)
4.5.2 Magnetic & Electromagnetic Therapy
4.5.3 Chakra Healing
4.6 Sensory Healing
4.6.1 Global Sensory Healing Based Market For Antiaging And Longevity Estimates And Forecast, 2017-2028 (USD Million)
4.6.3 Sound Healing
Chapter 5 Customers Business Analysis
5.1 Complementary And Alternative Medicine Market for Antiaging and Longevity: Customer Movement Analysis
5.2 High net worth (HNW) individuals
5.3 Very high net worth (VHNW) individuals
5.4 Ultra-High Net Worth (Uhnw) Individuals
Chapter 6 Regional Business Analysis
For more information about this report visit https://www.researchandmarkets.com/r/fee7xb