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
- By intervention, the traditional alternative medicine/botanicals segment held the largest revenue share in 2020. It is expected to maintain the trend in the forecast period owing to the increasing use of spiritual techniques as well as herbal medicines in disease management across the globe
- Based on the customer, high net worth (HNW) individuals held the second-largest revenue share in 2020 owing to high disposable income and better awareness regarding CAM therapies in the space of anti aging and longevity
- Europe emerged as the highest revenue-generating region in 2020 owing to high disposable income countries, increasing popularity of CAM modalities, and aging population
- MEA is anticipated to expand at the highest CAGR throughout the forecast period. It is anticipated that Kuwait and Qatar are majorly contributing to the regional market growth
- In June 2021, the government of India launched the "mYoga" application, developed by Morarji Desai National Institute of Yoga, Ministry of Ayush in partnership with the WHO. The app contains the practice and training audios and videos based on Common Yoga Protocol. The objective is to promote one world, one health
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
3.2.1.1 Increasing aging population and related diseases
3.2.1.2 Increasing awareness of traditional medicines
3.2.1.3 Government Initiatives and Encouraging Regulation
3.2.2 Market Restraints
3.2.2.1 FDA and medically approved drugs for aging
3.2.2.2 Target anti-aging related diseases indirectly (not the primary solution)
3.2.3 Market Opportunity
3.2.3.1 Development of Meditation centers
3.2.4 Market Threat
3.2.4.1 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)
4.2.2 Ayurveda
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)
4.3.2 Yoga
4.3.3 Acupuncture & Massage
4.3.4 Chiropractic
4.3.5 Qigong & Tai Chi
4.3.6 Kinesiology
4.3.7 Reflexology
4.3.8 Eurythmy
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
4.4.3 Relaxation
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
4.5.4 Reiki
4.6 Sensory Healing
4.6.1 Global Sensory Healing Based Market For Antiaging And Longevity Estimates And Forecast, 2017-2028 (USD Million)
4.6.2 Aromatherapy
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
Companies Mentioned
- Centre Chiropractic De La Colonne Vertebrale
- 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
- Healthpi
- Vivamayr
- Optimal Spine And Joint Center
- First Chiropractic Centre
- Lama Polyclinic Llc
- Al Manar Ayurvedic Center
- American Chiropractic Center
- Qatar Chiropractic & Physiotherapy Clinic
- Satyamani
- Elixir Health Center
- Acupuncture.Paris (Anabel Chantellier)
- Transforma Health
- Swiss Ayurvedic Medical Academy
- Clinic Les Alpes
- Paracelsus Klinik Lustmuhle Ag
- Swiss Alternative Medicine
- Turnpaugh Health & Wellness
- The Center For Natural And Integrative Medicine
- Angel Longevity Medical Center
- Peaks Of Health Metabolic Medical Center
- Jscm Tcm Clinic
- London Hydrotherapy
- Ming Chen Clinic
- Ukacupuncture Clinic
- Bionorica Se
- Weg Der Mitte
- Pascoe Natural Medicine
- Brixsana Private Clinic
- Homeopathy Vescovio Center
- Sha Wellness Clinic
- Sukha Ayurveda
- Sarria Quiropractica
- Natural Healing Acupuncture Medical Center
- Kindcare Medical Center
- Cure
- Aviv Clinics
- Seva Experience
- Bahrain Hospital & Health Resort
- Intouch Clinic
- International Chinese Body Care Houses
- Doha Chiropractic Center
- Specialized Medical Center Hospital
- Fakeeh.Care
- Almoyassar Physical Therapy Center
- Muroona Clinic & Fitness
- Terme Di Riolo Srl
- Mei Spa
For more information about this report visit https://www.researchandmarkets.com/r/fee7xb
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