Complementary And Alternative Medicine For Anti-aging & Longevity Market Growth & Trends
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.
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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 2023. 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 2023 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 2023 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
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Complementary And Alternative Medicine For Anti-aging & Longevity Market Segmentation
Grand View Research has segmented the global complementary and alternative medicine for anti-aging and longevity market on the basis of intervention, customer, and region:
CAM For Anti-aging & Longevity Intervention Outlook (Revenue, USD Million, 2018 - 2030)
- Traditional Alternative Medicine/Botanicals
- Ayurveda
- Naturopathic Medicine
- Traditional Chinese Medicine
- Zang Fu Theory
- Others
- Body Healing
- Yoga
- Acupuncture & Massage
- Chiropractic
- Qigong & Tai chi
- Kinesiology
- Reflexology
- Eurythmy
- Others
- Mind Healing
- Meditation & Mindfulness
- Relaxation
- Others
- External Energy Healing
- Magnetic & Electromagnetic therapy
- Chakra healing
- Reiki
- Others
- Sensory Healing
- Aromatherapy
- Sound healing
CAM For Anti-aging & Longevity Customer Outlook (Revenue, USD Million, 2018 - 2030)
- High Net Worth (HNW) Individuals
- Very High Net Worth (VHNW) Individuals
- Ultra-high Net Worth (UHNW) Individuals
- Others
CAM For Anti-aging & Longevity Regional Outlook (Revenue, USD Million, 2018 - 2030)
- North America
- US.
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Denmark
- Sweden
- Norway
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Thailand
- Latin America
- Brazil
- Mexico
- Argentina
- Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
- Kuwait
List of Key Players of Complementary And Alternative Medicine (CAM) For Anti-aging & Longevity Market
- Centre Chiropractic De La ColonneVertébrale
- 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 ManarAyurvedic Center
- American Chiropractic Center
- Qatar Chiropractic & Physiotherapy Clinic
- Satyamani
- Elixir Health Center
- Paris (AnabelChantellier)
- Transforma Health
- Swiss Ayurvedic Medical Academy
- Clinic Les Alpes
- Paracelsus KlinikLustmühle Ag
- Swiss Alternative Medicine
- Turnpaugh Health & Wellness
- The Center For Natural And Integrative Medicine
- Angel Longevity Medical Center
- Peaks Of Health Metabolic Medical Center
- JscmTcm 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
- SarriaQuiropractica
- 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
- Care
- Almoyassar Physical Therapy Center
- Muroona Clinic & Fitness
- Terme Di RioloSrl
- Mei Spa
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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