Complementary And Alternative Medicine For Anti Aging & Longevity Industry Overview
The global complementary and alternative medicine for anti aging & longevity market size was valued at USD 36.89 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 22.2% from 2021 to 2028. The rising aging population and diseases associated with it are the key factors expected to drive the market for complementary and alternative medicine (CAM) for antiaging and longevity. COVID-19 has encouraged the use of yoga in a sedentary lifestyle-oriented population. Since corporate companies adopted remote work owing to COVID-19, some organizations such as Citi, BlueBeam, 3M, and SAP prioritized virtual wellness programs to improve the stress and anxiety level of working from home. For instance, BlueBeam offered yoga and Tai Chi classes, incentive-based fitness challenges, and chair massage during the COVID-19 pandemic lockdown.
There have been multiple cases where Kampo medicine was used along with western medication. Several geriatric patient case studies reveal the effectiveness of traditional and integrative medicine for symptom and adverse effect management for chronic infectious diseases. There are multiple ongoing research studies on the use of traditional medicine in the COVID-19 treatment.
Gather more insights about the market drivers, restraints, and growth of the Global Complementary And Alternative Medicine For Anti Aging & Longevity Market
Alternative medicines including Reiki with little scientific evidence are being extensively promoted by Yale, Duke, Johns Hopkins, and other major medical research institutions for providing “energetic healing” for treating fibromyalgia. In addition, over 60 U.S. hospitals adopted Reiki as part of patient services and 800 hospitals provide Reiki education into their healthcare programs and services in the U.S.
In the past few years, awareness regarding yoga and its impact on antiaging and longevity has boosted the usage of these body healing therapies. This is because yoga aids in enhancing body strength and flexibility, boosting energy, and balancing stress levels. The research by the U.S. National Library of Medicine National Institutes of Health shows that yoga impacts the molecular level, which is directly correlated to the aging of the face and skin.
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Complementary And Alternative Medicine For Anti Aging & Longevity Industry 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:
Complementary And Alternative Medicine For Anti Aging& Longevity Intervention Outlook (Revenue, USD Million, 2017 - 2028)
- Traditional Alternative Medicine/Botanicals
- Body Healing
- Mind Healing
- External Energy Healing
- Sensory Healing
Complementary And Alternative Medicine For Anti Aging & Longevity Customer Outlook (Revenue, USD Million, 2017 - 2028)
- High Net Worth (HNW) Individuals
- Very High Net Worth (VHNW) Individuals
- Ultra-high Net Worth (UHNW) Individuals
- Others
Complementary And Alternative Medicine For Anti Aging & Longevity Regional Outlook (Revenue, USD Million, 2017 - 2028)
- North America
- Europe
- Asia Pacific
- Latin America
- MEA (Middle East & Africa)
Market Share Insights:
April 2021: Miskawaan Health Group announced the introduction of integrative personalized German therapies in Thailand for treating cancer. The company opened the Miskawaan Integrative Cancer Care in Bangkok. The regional expansion will assist the company to diversify the source of income.
Key Companies profiled:
Some prominent players in the global Complementary And Alternative Medicine For Anti Aging & Longevity Industry include
- 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
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