Integrative Medicine Market Share, Size, Trend, Forecast, Analysis and Growth from 2022 to 2030

Author : Mohit Joshi | Published On : 10 May 2023

According to a new report published by UnivDatos Markets Insights, the Integrative Medicine market was valued at USD 8 billion in 2021 & is expected to grow at a CAGR of 22% from 2022-2030. The analysis has been segmented into Applications (Botanicals{ Ayurveda, Apitherapy, Bach Flower, Naturopathic Medicine}, Body Healing{ Acupuncture, Yoga, Radionics, Therapeutic Touch, Others}, Mind Healing{ Autosuggestion, Hypnotherapy, Neuro-linguistic Programming, Self-hypnosis, Others}, External Energy{Magnetic Therapy, Chakra Healing, Others}, Sensory Healing{ Aromatherapy, Music therapy, Sound Therapy, Others}); Distribution Channel (Direct Sales, E-Sales, and Distance Correspondence); Region/Country.

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 The integrative medicine market report has been aggregated by collecting informative data on various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the integrative medicine market. The integrative medicine market report offers a detailed analysis of the latest industry developments and trending factors in the market that are influencing the market growth. Furthermore, this statistical market research repository examines and estimates the integrative medicine market at the global and regional levels.

Key Market Dynamics

The diseases are becoming more prevalent in the modern-day world, this may be due to the development of resistance towards certain medicines in the body or changing lifestyles. Due to these reasons, the demand for preventive medicines such as immuno-boosters is increasing. Many Ayurvedic and other traditional medicines are based on herbs and natural substances are believed to have preventive therapeutic properties. For instance, turmeric is a spice that is used as an anti-inflammatory and is believed to prevent chronic diseases.

COVID-19 Impact

The COVID-19 pandemic had a significant impact on the integrative medicine market. Overall, the market has experienced growth, the pandemic has led to increased interest in alternative and complementary therapies as people seek to support their immune systems and overall health. Many integrative medicine practitioners have also shifted to offering virtual consultations and telemedicine services, which has expanded access to their services and allowed them to reach a broader patient base.

·        Based on intervention, the market is segmented into botanicals, body healing, mind healing, external energy, and sensory healing. The botanicals segment acquired a major share in 2021.

·        Based on the distribution channel, the market is segmented into direct sales, e-sales, and distance correspondence. The e-sales segment is expected to grow with the highest CAGR during the forecast period.

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Integrative Medicine Market Geographical Segmentation Includes:

·        North America (U.S., Canada, and the Rest of North America)

·        Europe (Germany, UK, Spain, Italy, France, Rest of Europe)

·        Asia-Pacific (China, Japan, India, South Korea, Australia, and Rest of Asia-Pacific)

·        Rest of the World

Asia Pacific is expected to grow with the highest CAGR Integrative Medicine market during the forecast period due to an increasing shift towards preventive medicines to improve the immunity systems attributed to the market growth of integrative medicines.  

Competitive Landscape

The degree of competition among prominent global companies has been elaborated by analyzing several leading key players operating worldwide. The specialist team of research analysts sheds light on various traits such as global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the Integrative Medicine market. The major players have been analyzed by using research methodologies such as Porter’s Five Forces Analysis for getting insight views on global competition.

Recent Developments:

·        In 2020, the Indian System of Medicines and Ayurveda Globally, Ministry signed 13 Memorandum of Understanding on the establishment of the AYUSH Academic Chair with foreign universities/research institutes, whereby AYUSH experts are sent to prestigious universities/research institutes to carry out the teaching/training/research activities.

Key questions resolved through this analytical market research report include:

• What are the latest trends, new patterns, and technological advancements in the Integrative Medicine market?

• Which factors are influencing the Integrative Medicine market over the forecast period?

• What are the global challenges, threats, and risks of the Integrative Medicine market?

• Which factors are propelling and restraining the Integrative Medicine market?

• What are the demanding global regions of the Integrative Medicine market?

• What will be the global market size in the upcoming years?

• What are the crucial market acquisition strategies and policies applied by global companies?

• What are the descriptive profiles of key companies along with their SWOT analysis?

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