The market for Complementary and Alternative Medicine for Anti-Aging & Longevity was USD 44.6 billion in 2021, and it is expected to grow at a CAGR of 24.4% from 2022 to 2032.
The market for complementary and alternative medicine (CAM) in anti-ageing and longevity will be driven by the growing ageing population and diseases associated with it. The Complementary and Alternative Medicine for Anti-Aging & Longevity Market accounted for an absolute dollar opportunity of nearly USD 347.7 billion from 2022 to 2032.
| Attributes | Details |
|---|---|
| Global Complementary and Alternative Medicine for Anti-Aging & Longevity (2022) | USD 44.6 Billion |
| Global Complementary and Alternative Medicine for Anti-Aging & Longevity (2032) | USD 347.7 Billion |
| Global Complementary and Alternative Medicine for Anti-Aging & Longevity CAGR (2022 to 2032) | 24.4% |
| USA Complementary and Alternative Medicine for Anti-Aging & Longevity (2032) | 24.9% |
| Key Companies Profiled | Anadolu Medical Center; Sinomedica; Acupuncture Enfants; Ayurveda Kuwait; Maylilacs; Al Zuahir Holistic Medicine Center; Ayurmana by Dharma Ayurveda; Trinicum; Miskawaan Health Group; Therme Wien |
As per the Complementary and Alternative Medicine for Anti-Aging & Longevity Market industry research by Future Market Insights - a market research and competitive intelligence provider, historically, from 2017 to 2021, the market value of the Complementary and Alternative Medicine for Anti-Aging & Longevity increased at around 20.9% CAGR.
The Complementary and Alternative Medicine for Anti-Aging & Longevity Market is projected to grow at a CAGR of 24.4% over the coming ten years.
The market is expected to grow in the coming years as a result of the changing regulatory landscape and strong government initiatives, which have led to the establishment of strong transnational links across therapeutic paths that connect global, national, and local alternative medicine groups.
Furthermore, government activities examining standards relating to the right to health in all of its manifestations are expected to bolster consumers' participation and service providers in the field of CAM. Government actions, such as increased targeted spending, the establishment of government facilities, and the publication of guidelines to ensure the use of complementary and alternative medicine, all help to drive demand for integrative health and complementary medicine practices (CAM).
Medical tourism, which attracts people from all over the world and allows them to seek world-class alternative medical care, is also being promoted by regulatory organizations. In some Indian states, for example, regulatory authorities have invested significantly in the creation and standardization of alternative medical services. A government entity named the Ministry of Ayush has been established to oversee Yoga, Ayurveda, homeopathic, and naturopathy instruction, product creation, research, and other services in India.
Furthermore, in the next years, research focusing on the utilization of traditional medications for the treatment of COVID-19 patients is expected to gain pace. Traditional COVID-19 therapy alternatives are being supported by governments all around the world, but they must meet the same research standards as all other pharmacological choices. This is consequently having a positive ripple effect on complementary and alternative medicine for the anti-aging & longevity market.
In 2020, Europe dominated the global market, accounting for nearly 30% of total sales. In Europe, complementary and alternative medicine (CAM) has become significantly popular and well-accepted. Chiropractic, massage, homeopathy, reflexology, acupuncture, and herbal medicine are the most often used CAM therapies in Europe.
Women and people in their middle years are more likely to use complementary and alternative medicine (CAM). Musculoskeletal issues are the most common conditions addressed with complementary and alternative medicine (CAM) in terms of health determinants. Depression, severe headaches, back issues, stomach or intestinal diseases, and sleeplessness are the most common conditions linked to the use of complementary and alternative medicine.
Furthermore, Ayurveda is gaining popularity in several European countries, with Germany serving as the epicenter of Ayurveda and leading the way in the region, with Austria and Switzerland following suit. EUAA is a federation of educational institutions, Ayurvedic organizations, manufacturers, hospitals, distributors, therapists, and suppliers. The EUAA is a non-profit organization that represents 16 European Economic Area countries and institutions. The mission of the organization is to promote Ayurveda as a holistic medicine throughout the region.
Over the projected period, the market in the Middle East and Africa is expected to expand at the fastest pace. The long history of adopting spiritual approaches as well as herbal remedies to cure various ailments is projected to drive the regional market throughout the forecast period. In the coming years, Qatar is expected to be the region's fastest-growing market for mind-body therapies.
In 2020, the traditional alternative medicine or Traditional Alternative Medicine/Botanicals segment accounted for more than 30% of complementary and alternative medicine for anti-aging & longevity sales. Key players have been investing in CAM therapies since the regulatory rules for starting a business in this industry are less strict than for pharmaceutical enterprises. Government actions meanwhile, boost entrepreneur activity in the CAM domain.
Tai Chi is a type of relaxation exercise that assists older adults, especially those with Parkinson's disease, improve their stability, balance, and flexibility. According to a study released in 2021, in older people, the aggregate cerebral vascular hemodynamic index who practiced Tai Chi was similar to that of the young population and showed a substantial improvement when compared to older adults who did not practice Tai Chi.
The segment growth is being boosted by technological breakthroughs in sensory healing. HUSO, for example, is a sound therapy system that uses acupuncture meridians to control and harmonize the body, as well as a tone to cope with stress and harmful electromagnetic fields. Headphones and wrist and ankle padding are included in the product.
Consumer awareness about the benefits of complementary and alternative medicine goods is expected to grow, as is the adoption of innovative sensory healing technology in hospitals and clinics. However, as western medicine becomes more involved in the anti-aging and longevity business, the sector's expansion will be constrained.
Since several emerging economies perceive CAM products for antiaging and lifespan to be expensive and undercut the need for them, HNWs represent a lucrative consumer pool for complementary and alternative medicine for anti-aging & longevity. Individuals with high net worth in industrialized countries are more inclined than those in poor countries to spend money on complementary and alternative medicine for antiaging and longevity. The low opportunity cost and high social presence are the reasons behind this.
The global market is significantly competitive due to the existence of several companies. Key players focus on growth strategies such as improvement of existing technology, geographic expansion, product launch, and product approval to gain higher market share. Various development strategies help raise consumer awareness of new processes and products, such as product launches and collaborations.
The key players in the global Complementary and Alternative Medicine for Anti-Aging & Longevity market are Anadolu Medical Center, Sinomedica, Acupuncture Enfants, and Ayurveda Kuwait.
Some of the recent developments in complementary and alternative medicine for the anti-aging & longevity market are:
Table 1: Global Market Value (US$ Million) Forecast by Region, 2017 to 2032
Table 2: Global Market Volume (Units) Forecast by Region, 2017 to 2032
Table 3: Global Market Value (US$ Million) Forecast by Intervention, 2017 to 2032
Table 4: Global Market Volume (Units) Forecast by Intervention, 2017 to 2032
Table 5: Global Market Value (US$ Million) Forecast by Distribution Method, 2017 to 2032
Table 6: Global Market Volume (Units) Forecast by Distribution Method, 2017 to 2032
Table 7: North America Market Value (US$ Million) Forecast by Country, 2017 to 2032
Table 8: North America Market Volume (Units) Forecast by Country, 2017 to 2032
Table 9: North America Market Value (US$ Million) Forecast by Intervention, 2017 to 2032
Table 10: North America Market Volume (Units) Forecast by Intervention, 2017 to 2032
Table 11: North America Market Value (US$ Million) Forecast by Distribution Method, 2017 to 2032
Table 12: North America Market Volume (Units) Forecast by Distribution Method, 2017 to 2032
Table 13: Latin America Market Value (US$ Million) Forecast by Country, 2017 to 2032
Table 14: Latin America Market Volume (Units) Forecast by Country, 2017 to 2032
Table 15: Latin America Market Value (US$ Million) Forecast by Intervention, 2017 to 2032
Table 16: Latin America Market Volume (Units) Forecast by Intervention, 2017 to 2032
Table 17: Latin America Market Value (US$ Million) Forecast by Distribution Method, 2017 to 2032
Table 18: Latin America Market Volume (Units) Forecast by Distribution Method, 2017 to 2032
Table 19: Europe Market Value (US$ Million) Forecast by Country, 2017 to 2032
Table 20: Europe Market Volume (Units) Forecast by Country, 2017 to 2032
Table 21: Europe Market Value (US$ Million) Forecast by Intervention, 2017 to 2032
Table 22: Europe Market Volume (Units) Forecast by Intervention, 2017 to 2032
Table 23: Europe Market Value (US$ Million) Forecast by Distribution Method, 2017 to 2032
Table 24: Europe Market Volume (Units) Forecast by Distribution Method, 2017 to 2032
Table 25: Asia Pacific Market Value (US$ Million) Forecast by Country, 2017 to 2032
Table 26: Asia Pacific Market Volume (Units) Forecast by Country, 2017 to 2032
Table 27: Asia Pacific Market Value (US$ Million) Forecast by Intervention, 2017 to 2032
Table 28: Asia Pacific Market Volume (Units) Forecast by Intervention, 2017 to 2032
Table 29: Asia Pacific Market Value (US$ Million) Forecast by Distribution Method, 2017 to 2032
Table 30: Asia Pacific Market Volume (Units) Forecast by Distribution Method, 2017 to 2032
Table 31: Middle East and Africa Market Value (US$ Million) Forecast by Country, 2017 to 2032
Table 32: Middle East and Africa Market Volume (Units) Forecast by Country, 2017 to 2032
Table 33: Middle East and Africa Market Value (US$ Million) Forecast by Intervention, 2017 to 2032
Table 34: Middle East and Africa Market Volume (Units) Forecast by Intervention, 2017 to 2032
Table 35: Middle East and Africa Market Value (US$ Million) Forecast by Distribution Method, 2017 to 2032
Table 36: Middle East and Africa Market Volume (Units) Forecast by Distribution Method, 2017 to 2032
Figure 1: Global Market Value (US$ Million) by Intervention, 2022 to 2032
Figure 2: Global Market Value (US$ Million) by Distribution Method, 2022 to 2032
Figure 3: Global Market Value (US$ Million) by Region, 2022 to 2032
Figure 4: Global Market Value (US$ Million) Analysis by Region, 2017 to 2032
Figure 5: Global Market Volume (Units) Analysis by Region, 2017 to 2032
Figure 6: Global Market Value Share (%) and BPS Analysis by Region, 2022 to 2032
Figure 7: Global Market Y-o-Y Growth (%) Projections by Region, 2022 to 2032
Figure 8: Global Market Value (US$ Million) Analysis by Intervention, 2017 to 2032
Figure 9: Global Market Volume (Units) Analysis by Intervention, 2017 to 2032
Figure 10: Global Market Value Share (%) and BPS Analysis by Intervention, 2022 to 2032
Figure 11: Global Market Y-o-Y Growth (%) Projections by Intervention, 2022 to 2032
Figure 12: Global Market Value (US$ Million) Analysis by Distribution Method, 2017 to 2032
Figure 13: Global Market Volume (Units) Analysis by Distribution Method, 2017 to 2032
Figure 14: Global Market Value Share (%) and BPS Analysis by Distribution Method, 2022 to 2032
Figure 15: Global Market Y-o-Y Growth (%) Projections by Distribution Method, 2022 to 2032
Figure 16: Global Market Attractiveness by Intervention, 2022 to 2032
Figure 17: Global Market Attractiveness by Distribution Method, 2022 to 2032
Figure 18: Global Market Attractiveness by Region, 2022 to 2032
Figure 19: North America Market Value (US$ Million) by Intervention, 2022 to 2032
Figure 20: North America Market Value (US$ Million) by Distribution Method, 2022 to 2032
Figure 21: North America Market Value (US$ Million) by Country, 2022 to 2032
Figure 22: North America Market Value (US$ Million) Analysis by Country, 2017 to 2032
Figure 23: North America Market Volume (Units) Analysis by Country, 2017 to 2032
Figure 24: North America Market Value Share (%) and BPS Analysis by Country, 2022 to 2032
Figure 25: North America Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032
Figure 26: North America Market Value (US$ Million) Analysis by Intervention, 2017 to 2032
Figure 27: North America Market Volume (Units) Analysis by Intervention, 2017 to 2032
Figure 28: North America Market Value Share (%) and BPS Analysis by Intervention, 2022 to 2032
Figure 29: North America Market Y-o-Y Growth (%) Projections by Intervention, 2022 to 2032
Figure 30: North America Market Value (US$ Million) Analysis by Distribution Method, 2017 to 2032
Figure 31: North America Market Volume (Units) Analysis by Distribution Method, 2017 to 2032
Figure 32: North America Market Value Share (%) and BPS Analysis by Distribution Method, 2022 to 2032
Figure 33: North America Market Y-o-Y Growth (%) Projections by Distribution Method, 2022 to 2032
Figure 34: North America Market Attractiveness by Intervention, 2022 to 2032
Figure 35: North America Market Attractiveness by Distribution Method, 2022 to 2032
Figure 36: North America Market Attractiveness by Country, 2022 to 2032
Figure 37: Latin America Market Value (US$ Million) by Intervention, 2022 to 2032
Figure 38: Latin America Market Value (US$ Million) by Distribution Method, 2022 to 2032
Figure 39: Latin America Market Value (US$ Million) by Country, 2022 to 2032
Figure 40: Latin America Market Value (US$ Million) Analysis by Country, 2017 to 2032
Figure 41: Latin America Market Volume (Units) Analysis by Country, 2017 to 2032
Figure 42: Latin America Market Value Share (%) and BPS Analysis by Country, 2022 to 2032
Figure 43: Latin America Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032
Figure 44: Latin America Market Value (US$ Million) Analysis by Intervention, 2017 to 2032
Figure 45: Latin America Market Volume (Units) Analysis by Intervention, 2017 to 2032
Figure 46: Latin America Market Value Share (%) and BPS Analysis by Intervention, 2022 to 2032
Figure 47: Latin America Market Y-o-Y Growth (%) Projections by Intervention, 2022 to 2032
Figure 48: Latin America Market Value (US$ Million) Analysis by Distribution Method, 2017 to 2032
Figure 49: Latin America Market Volume (Units) Analysis by Distribution Method, 2017 to 2032
Figure 50: Latin America Market Value Share (%) and BPS Analysis by Distribution Method, 2022 to 2032
Figure 51: Latin America Market Y-o-Y Growth (%) Projections by Distribution Method, 2022 to 2032
Figure 52: Latin America Market Attractiveness by Intervention, 2022 to 2032
Figure 53: Latin America Market Attractiveness by Distribution Method, 2022 to 2032
Figure 54: Latin America Market Attractiveness by Country, 2022 to 2032
Figure 55: Europe Market Value (US$ Million) by Intervention, 2022 to 2032
Figure 56: Europe Market Value (US$ Million) by Distribution Method, 2022 to 2032
Figure 57: Europe Market Value (US$ Million) by Country, 2022 to 2032
Figure 58: Europe Market Value (US$ Million) Analysis by Country, 2017 to 2032
Figure 59: Europe Market Volume (Units) Analysis by Country, 2017 to 2032
Figure 60: Europe Market Value Share (%) and BPS Analysis by Country, 2022 to 2032
Figure 61: Europe Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032
Figure 62: Europe Market Value (US$ Million) Analysis by Intervention, 2017 to 2032
Figure 63: Europe Market Volume (Units) Analysis by Intervention, 2017 to 2032
Figure 64: Europe Market Value Share (%) and BPS Analysis by Intervention, 2022 to 2032
Figure 65: Europe Market Y-o-Y Growth (%) Projections by Intervention, 2022 to 2032
Figure 66: Europe Market Value (US$ Million) Analysis by Distribution Method, 2017 to 2032
Figure 67: Europe Market Volume (Units) Analysis by Distribution Method, 2017 to 2032
Figure 68: Europe Market Value Share (%) and BPS Analysis by Distribution Method, 2022 to 2032
Figure 69: Europe Market Y-o-Y Growth (%) Projections by Distribution Method, 2022 to 2032
Figure 70: Europe Market Attractiveness by Intervention, 2022 to 2032
Figure 71: Europe Market Attractiveness by Distribution Method, 2022 to 2032
Figure 72: Europe Market Attractiveness by Country, 2022 to 2032
Figure 73: Asia Pacific Market Value (US$ Million) by Intervention, 2022 to 2032
Figure 74: Asia Pacific Market Value (US$ Million) by Distribution Method, 2022 to 2032
Figure 75: Asia Pacific Market Value (US$ Million) by Country, 2022 to 2032
Figure 76: Asia Pacific Market Value (US$ Million) Analysis by Country, 2017 to 2032
Figure 77: Asia Pacific Market Volume (Units) Analysis by Country, 2017 to 2032
Figure 78: Asia Pacific Market Value Share (%) and BPS Analysis by Country, 2022 to 2032
Figure 79: Asia Pacific Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032
Figure 80: Asia Pacific Market Value (US$ Million) Analysis by Intervention, 2017 to 2032
Figure 81: Asia Pacific Market Volume (Units) Analysis by Intervention, 2017 to 2032
Figure 82: Asia Pacific Market Value Share (%) and BPS Analysis by Intervention, 2022 to 2032
Figure 83: Asia Pacific Market Y-o-Y Growth (%) Projections by Intervention, 2022 to 2032
Figure 84: Asia Pacific Market Value (US$ Million) Analysis by Distribution Method, 2017 to 2032
Figure 85: Asia Pacific Market Volume (Units) Analysis by Distribution Method, 2017 to 2032
Figure 86: Asia Pacific Market Value Share (%) and BPS Analysis by Distribution Method, 2022 to 2032
Figure 87: Asia Pacific Market Y-o-Y Growth (%) Projections by Distribution Method, 2022 to 2032
Figure 88: Asia Pacific Market Attractiveness by Intervention, 2022 to 2032
Figure 89: Asia Pacific Market Attractiveness by Distribution Method, 2022 to 2032
Figure 90: Asia Pacific Market Attractiveness by Country, 2022 to 2032
Figure 91: Middle East and Africa Market Value (US$ Million) by Intervention, 2022 to 2032
Figure 92: Middle East and Africa Market Value (US$ Million) by Distribution Method, 2022 to 2032
Figure 93: Middle East and Africa Market Value (US$ Million) by Country, 2022 to 2032
Figure 94: Middle East and Africa Market Value (US$ Million) Analysis by Country, 2017 to 2032
Figure 95: Middle East and Africa Market Volume (Units) Analysis by Country, 2017 to 2032
Figure 96: Middle East and Africa Market Value Share (%) and BPS Analysis by Country, 2022 to 2032
Figure 97: Middle East and Africa Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032
Figure 98: Middle East and Africa Market Value (US$ Million) Analysis by Intervention, 2017 to 2032
Figure 99: Middle East and Africa Market Volume (Units) Analysis by Intervention, 2017 to 2032
Figure 100: Middle East and Africa Market Value Share (%) and BPS Analysis by Intervention, 2022 to 2032
Figure 101: Middle East and Africa Market Y-o-Y Growth (%) Projections by Intervention, 2022 to 2032
Figure 102: Middle East and Africa Market Value (US$ Million) Analysis by Distribution Method, 2017 to 2032
Figure 103: Middle East and Africa Market Volume (Units) Analysis by Distribution Method, 2017 to 2032
Figure 104: Middle East and Africa Market Value Share (%) and BPS Analysis by Distribution Method, 2022 to 2032
Figure 105: Middle East and Africa Market Y-o-Y Growth (%) Projections by Distribution Method, 2022 to 2032
Figure 106: Middle East and Africa Market Attractiveness by Intervention, 2022 to 2032
Figure 107: Middle East and Africa Market Attractiveness by Distribution Method, 2022 to 2032
Figure 108: Middle East and Africa Market Attractiveness by Country, 2022 to 2032
The global Complementary and Alternative Medicine for Anti-Aging & Longevity market size was estimated at USD 36.5 Billion in 2021 and is estimated to grow further to USD 44.6 Billion in 2022.
The value of Complementary and Alternative Medicine for the Anti-Aging & Longevity Market is projected to increase at a CAGR of around 24.4% from 2022 to 2032.
The value of Complementary and Alternative Medicine for the Anti-Aging & Longevity Market increased at a CAGR of around 20.9% from 2017 to 2021.
The market for complementary and alternative medicine (CAM) for antiaging and lifespan will be driven by the growing aging population and diseases linked with it.
The top 5 countries driving demand for the Complementary and Alternative Medicine for Anti-Aging & Longevity Market are the USA, China, Japan, the United Kingdom, and South Korea
USA accounted for over 40% of global Complementary and Alternative Medicine for Anti-Aging & Longevity Market demand in 2021.
The United Kingdom market for Complementary and Alternative Medicine for Anti-Aging & Longevity Market is projected to expand at a CAGR of around 22.8% from 2022 to 2032.
Explore Similar Insights
Complementary and Alternative Medicine for Anti Aging & Longetivity Market
Thank you!
You will receive an email from our Business Development Manager. Please be sure to check your SPAM/JUNK folder too.
