The Alternative Medicines and Therapy report provides a detailed analysis on current and future market trends to identify the investment opportunities. This report also provides market forecast till 2026, using estimated market values as the base numbers. Key market trends across the business segments, regions and countries are also mentioned in the report. Key developments and strategies observed in the market, in depth company profiles of key players and upcoming prominent players are also encompassed in the report. This Alternative Medicines and Therapy report features market opportunities and recommendations for new investments.
Global Alternative Medicines and Therapies Market is market to grow with a substantial CAGR in the forecast period of 2019-2026. Growing prevalence of disease worldwide and advancement in alternatives therapies to prevent of cancer related disorders are the key factors for lucrative growth of market
Alternatives medicines and therapies are referring to the natural practice of the treatment that is used instead of standard medically approved treatment. These medicines can improve the quality of life and help to cope with symptoms caused by diseases. However, lack of scientific proof can give patients false hope but some medicines sound promising for the treatment of various disorders.
- Advancement in alternative medicines and technologies in making formulation is driving the market growth
- Vulnerable aging population as they are highly prone to diseases acts as a market driver
- Government initiatives to bring alternatives medicines into the market is accelerating the market growth
- Increase in health expenditure to further expand the application of alternatives medicines is enhancing the market growth
Segmentation: Global Alternative Medicines and Therapies Market
By Intervention Type
- Homeopathic Medicine
- Herbal Medicine
- Traditional Chinese Medicine
- Ayurveda Medicine
By Disease Type
- Chronic Diseases
- Neurological Diseases
- Reducing Pain
- CNS Disorders
By Therapy Type
- Magnetic Therapy
- Herbal Therapy
- Yoga Therapy
By Dosage Form
By Route of Administration
By End Users
- Specialty Clinics
- North America
- South America
- Middle East & Africa
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Key Developments in the Market:
In July 2019, Nestle SA has reported in their press release that their clinical, randomized controlled trial of food diet with Modulen demonstrated that 80% of patients with Crohn’s disease achieved promising results. If clinical trial successful, it will be highly effective treatment with absolutely no side effects will be accessible to all the patients with Crohn’s disease
In July 2018, Pure Encapsulations, LLC, revealed that Neurophenol which is a polyphenol-rich extract of blueberry and grape can prevent age-related memory decline. This finding will hold potential promise for the treatment of patients with mild cognitive impairments
Global alternative medicines and therapies market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of global alternative medicines and therapies market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Key Market Players:
Few of the major competitors currently working in the global alternative medicines and therapies market are Weleda UK., Wrights Dental, Green Health, Syndy Pharma, Jiva Ayurveda, Bio Veda Action Research Co, Tansukh Herbals, Quantum-Touch, The Healing Company Ltd, Columbia Nutritional, Herb Pharm, Helio USA Inc, Nordic Naturals, Nestle SA, Pure Encapsulations, LLC, ALCES LLP among others.
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