Press release -
Alternative Medicines Growth Statistics | Market Worth (2021-2027)
Alternative Medicines Market Size: By Drug Class: ( Herbal Products, Nutraceutical Products, Probiotics), By Dosage Form: ( Tablets, Powder, Syrup, Capsules, Teas, Extracts ), By Distribution Channel: ( Online Pharmacies, Retail Pharmacies, Hospital Pharmacies) Forecast 2020 To 2026
Rising awareness about the benefits relating to alternative medicines is a key impacting factor driving the growth of the Global Alternative Medicines Market.
Alternative Medicines Market is valued at USD 62.33 Billion in 2019 and expected to reach USD 293.56 Billion by 2026 with the CAGR of 19.6% over the forecast period
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Key Players for Alternative Medicines -
Alternative medicines market report covers prominent players are The Healing Company Ltd, AYUSH Ayurvedic Pte Ltd, Nordic Nutraceuticals, Columbia Nutritional, Sheng Chang Pharmaceutical Company, Ramamani Iyengar Memorial Yoga Institute, Herb Pharm, John Schumacher Unity Woods Yoga Centre, Pure Encapsulations, LLC and others.
Alternative medicine is the term used for medical products and practices that aren't a part of standard care. For examples of alternative medicines include homeopathy, traditional medicine, chiropractic, and acupuncture. It consists of a wide range of health care products, therapies and practices. Alternative practices specialize in stimulating the body's ability to heal itself via energy alignment, herbal supplementation and other balancing techniques. The medical profession does not support these healing systems as traditional treatment systems. Some of these treatments are accepted to be of value for certain conditions. Herbal medicines include drugs that are derived from plants. Herbal medicines are either used for therapeutic purpose, or as supplements to improve well-being or health. It is available as teas, extracts, powders, capsules, tablets and others. These products are natural and have the ability to cure almost all the types of diseases.
Global Alternative Medicines Market Segmentation:–
By Drug Class:
By Dosage Form:
By Distribution Channel:
Regional & Country Analysis
North America, U.S., Mexico, Canada , Europe, UK, France, Germany, Italy , Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of Middle East and Africa
Global Alternative Medicines Market Regional Analysis–
North America is expected to dominate the global alternative medicines market with the highest share within the forecast period due to the rising awareness among the people about advanced treatment for healthcare in this region. In addition, growing consumption of nutraceutical products to improve health, established healthcare infrastructure and availability of alternative therapies and increase in number of research collaborations are also expected to accelerate the market growth in this region. Furthermore, increasing number of cancer patients is also one of the major factors fostering the market growth in this region.
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