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Global Complementary and Alternative Medicine Market Demand, Size & Share to Surpass USD 265.0 Billion by 2028, Exhibit a CAGR of 21.3% | Industry Trends, Growth, Value, Segment Analysis & Forecast Report by Fact and Factors – Yahoo Finance

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NEW YORK, Jan. 23, 2023 /PRNewswire/ — As per Facts and Factors study, The global complementary and alternative medicine market size was worth USD 83.2 billion in 2021 and is estimated to grow to USD 265.0 billion by 2028, with a compound annual growth rate (CAGR) of approximately 21.3% over the forecast period.

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Complementary and Alternative Medicine Market: Overview

Complementary and alternative medicine is utilized for a person’s medical care without a prescription from a doctor. It is not a component of routine care. Additionally, traditional drugs and treatments are employed in conjunction with alternative therapies. In contrast, traditional medications and treatments are substituted by alternative remedies. Although certain complementary and alternative medicinal therapies still lack scientific or medical support. Growing public knowledge of the advantages of natural complementary and alternative medicine propels the sector worldwide. However, most complementary and alternative medicine practices are less efficient and lack regulatory licensing, which is anticipated to impede the expansion of the industry.

Get a Free Sample Report with All Related Graphs & Charts (with COVID 19 Impact Analysis): https://www.fnfresearch.com/sample/complementary-and-alternative-medicine-market

Our Free Sample Report Includes:

  • As per the analysis shared by our research analyst, the global complementary and alternative medicine market value is to grow at a CAGR of 21.3 % over the forecast period.

  • In terms of revenue, the global complementary and alternative medicine market size was valued at around USD 83.2 billion in 2021 and is projected to reach USD 265.0 billion by 2028.

  • The prevalence of long-term conditions that require specialized treatment, such as cancer and neurological problems, and increased awareness of physical well-being is driving the complementary and alternative medicine market.

  • By intervention, the traditional alternative medicine/botanicals category dominated the market in 2021.

  • By distribution method, the direct sales category dominated the market in 2021.

  • Europe dominated the global complementary and alternative medicine market in 2021.

Facts and Factors published the latest report titled “Complementary and Alternative Medicine Market Size, Share, Growth Analysis Report By Intervention (Traditional Alternative Medicine/Botanicals, Mind Healing, Body Healing, External Energy, Sensory Healing), By Distribution Method (Direct Sales, E-sales, Distance Correspondence), and By Region – Global and Regional Industry Insights, Overview, Comprehensive Analysis, Trends, Statistical Research, Market Intelligence, Historical Data and Forecast 2022 – 2028” into their research database.

Industry Dynamics:

Complementary and Alternative Medicine Market: Growth Drivers

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Source: https://news.google.com/__i/rss/rd/articles/CBMiXmh0dHBzOi8vZmluYW5jZS55YWhvby5jb20vbmV3cy9nbG9iYWwtY29tcGxlbWVudGFyeS1hbHRlcm5hdGl2ZS1tZWRpY2luZS1tYXJrZXQtMTcwMDAwMjg4Lmh0bWzSAWZodHRwczovL2ZpbmFuY2UueWFob28uY29tL2FtcGh0bWwvbmV3cy9nbG9iYWwtY29tcGxlbWVudGFyeS1hbHRlcm5hdGl2ZS1tZWRpY2luZS1tYXJrZXQtMTcwMDAwMjg4Lmh0bWw?oc=5

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