The alternative and complementary medicine (CAM) market is poised for significant growth, with its market size expected to reach approximately USD 1489.4 billion by 2033, up from USD 147.7 billion in 2023. This represents a robust Compound Annual Growth Rate (CAGR) of 26% during the forecast period from 2024 to 2033...
/PRNewswire/ -- The global complementary and alternative medicine market size is expected to reach USD 694.22 billion by 2030 and is expected to expand at...
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SAN FRANCISCO, Feb. 17, 2021 /PRNewswire/ --The global complementary and alternative medicine market size is expected
to reach USD 404.66 billion by 2028, according to a new report by Grand View Research, Inc. It is expected
to expand at a CAGR of 22.03% from 2021 to 2028. The market has witnessed a significant expansion in its consumer base in recent years owing to the benefits and philosophies that have the potential to attract customers.
The core philosophies of alternative medicine practices and complementary therapies include high preference to natural products as compared to synthetic ones, avoiding implementation of quick-fix type therapies, ensuring sufficient duration is given for healing, the onset of any illness is attributed to body-imbalance, the body has the ability to heal itself, the whole patient has to be treated and not just a specific diseased body part, and gentle therapies have to be administered before the harsh ones.