The global complementary and alternative medicine for anti aging and longevity market size is expected to reach USD 182.9 billion by 2028, as per a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 22.2% from 2021 to 2028. Growing household income in developed countries, acceptance of herbal and ayurvedic medicine, and increasing age-related diseases have majorly the market for complementary and alternative medicine (CAM) for anti-aging and longevity.
Complementary And Alternative Medicine For Anti-Aging & Longevity Market Report Highlights
- By intervention, the traditional alternative medicine/botanicals segment held the largest revenue share in 2020. It is expected to maintain the trend in the forecast period owing to the increasing use of spiritual techniques as well as herbal medicines in disease management across the globe
- Based on the customer, high net worth (HNW) individuals held the second-largest revenue share in 2020 owing to high disposable income and better awareness regarding CAM therapies in the space of anti-aging and longevity
- Europe emerged as the highest revenue-generating region in 2020 owing to high disposable income countries, increasing popularity of CAM modalities, and aging population
- MEA is anticipated to expand at the highest CAGR throughout the forecast period. It is anticipated that Kuwait and Qatar are majorly contributing to the regional market growth
- In June 2021, the government of India launched the “mYoga” application, developed by Morarji Desai National Institute of Yoga, Ministry of Ayush in partnership with the WHO. The app contains the practice and training audios and videos based on Common Yoga Protocol. The objective is to promote one world, one health
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In the traditional alternative medicine/botanicals intervention segment, Ayurveda led the market in 2020 as cosmetic market players are involved in the R&D of Ayurveda-based anti-aging cosmeceuticals. The mind healing segment is expected to witness steady growth from 2021 to 2028 due to the rising acceptance of meditation and mindfulness in corporate offices. The sensory healing segment is expected to expand at a considerable CAGR over the forecast period due to the increasing popularity in hospitals and clinics. For instance, in October 2021, Spatial, an audio platform, partnered with HealthTune scientific and Catalyst by Wellstar to use sensory healing to reduce stress and anxiety of frontline healthcare workers.
Ayurveda is acknowledged as a medicine in 16 countries including Brazil, Switzerland, Hungary, Nepal, Bahrain, UAE, and Saudi Arabia. Whilst, some regions such as Romania, Hungary, Ontario, and Turkey regulate ayurvedic practices. In the U.K., it is a part of the National Health Policy. Thus, increasing acceptance of ayurvedic medicine is expected to drive the complementary and alternative medicine market to a major extent. In addition, insurance coverage by public and private players is anticipated to fuel market growth.
COVID-19 has become a catalyst for the implementation of CAM therapies in day-to-day life. Owing to the pandemic, online yoga classes witnessed a 25% increase in enrollment level. Similarly, in the COVID-19 pandemic, the demand for yoga equipment accelerated by154%. Key players and governing regulatory bodies are undertaking various strategic initiatives such as regional expansion to develop their presence in the market.
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List of Key Players of Complementary And Alternative Medicine For Anti-aging & Longevity Market
- Centre Chiropractic De La ColonneVertébrale
- Anadolu Medical Center
- Sinomedica
- Acupuncture Enfants
- Ayurveda Kuwait
- Maya Reiki School
- Maylilacs
- Al Zuhair Holistic Medicine Center
- Ayurmana By Dharma Ayurveda
- Trinicum
- Miskawaan Health Group
- Therme Wien
- Healthpi
- Vivamayr
- Optimal Spine And Joint Center
Research Methodology
We employ a comprehensive and iterative research methodology focused on minimizing deviance in order to provide the most accurate estimates and forecasts possible. We utilize a combination of bottom-up and top-down approaches for segmenting and estimating quantitative aspects of the market. Data is continuously filtered to ensure that only validated and authenticated sources are considered. In addition, data is also mined from a host of reports in our repository, as well as a number of reputed paid databases. Our market estimates and forecasts are derived through simulation models. A unique model is created and customized for each study. Gathered information for market dynamics, technology landscape, application development, and pricing trends are fed into the model and analyzed simultaneously.
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Segmented the global complementary and alternative medicine for anti-aging and longevity market on the basis of intervention, customer, and region:
Table of Contents
Chapter 1 Methodology And Scope
1.1 Research Assumptions
1.2 Research Methodology
1.3 Information Procurement
1.3.1 Sample Size For The Study On Complementary And Alternative Medicine Market For Antiaging And Longevity
1.3.1.1 Primary Sources:
1.3.1.2 Secondary Data Sources
1.4 Information or Data Analysis
1.5 Market Formulation & Validation
1.6 Global Market: CAGR Calculation
1.7 Objectives
1.7.1 Objective 1
1.7.2 Objective 2
Chapter 2 Executive Summary
2.1 Market Snapshot, 2020
2.2 Market Segmentation
Chapter 3 Market Variables, Trends, & Scope
3.1 Market Lineage Outlook
3.1.1 Parent Market Outlook
3.1.2 Related/Ancillary Market Outlook
3.2 Market Dynamic
3.2.1 Market Driver Analysis
3.2.1.1 Increasing aging population and diseases related to that.
3.2.1.2 Increasing awareness of traditional medicines
3.2.1.3 Government Initiatives and Encouraging Regulation
3.2.2 Market Restraints
3.2.2.1 FDA and medically approved drugs for aging
3.2.2.2 Target anti-aging related diseases indirectly (not the primary solution)
3.2.3 Market Opportunity
3.2.3.1 Development of Meditation centers
3.2.4 Market Threat
3.2.4.1 Rising consumption of anti age cosmestics
3.3 Penetration and Growth Prospect Mapping for Test Type 2020 (USD Million)
3.4 COVID-19 Impact Analysis
3.5 Business Environment Analysis
3.5.1 Swot Analysis; By Factor (Political & Legal, Economic And Technological)
3.5.2 Porter’s Five Forces Analysis
3.6 Pricing Analysis
3.7 Antiaging Medicine
3.7.1 Integrative Medicine
3.7.2 Holistic Medicine
3.7.3 Functional Medicine
3.7.4 Nutritional Therapy
3.7.5 Exercise Therapy
3.7.6 Mental Therapy
Chapter 4 Intervention Business Analysis
4.1 Complementary And Alternative Medicine Market for Antiaging and Longevity: Intervention Movement Analysis
4.2 Traditional Alternative Medicine/Botanicals
4.2.1 Global Traditional Alternative Medicine/Botanicals Market For Antiaging And Longevity Estimates And Forecast, 2017 - 2028 (USD Million)
4.2.2 Ayurveda
4.2.2.1 Global ayurvedic medicine market for antiaging and longevity estimates and forecast, 2017 - 2028 (USD Million)
4.2.3 Naturopathic Medicine
4.2.3.1 Global naturopathic medicine market for antiaging and longevity estimates and forecast, 2017 - 2028 (USD Million)
4.2.4 Traditional Chinese Medicine
4.2.4.1 Global traditional Chinese medicine market for antiaging and longevity estimates and forecast, 2017 - 2028 (USD Million)
4.2.5 Zang Fu Theory
4.2.5.1 Global Zang Fu Theory market for antiaging and longevity estimates and forecast, 2017 - 2028 (USD Million)
4.2.6 Others
4.2.6.1 Global Other traditional Alternative Medicine/Botanicals market for antiaging and longevity estimates and forecast, 2017 - 2028 (USD Million)
4.3 Body Healing
4.3.1 Global Body Healing Cam Market For Antiaging And Longevity Estimates And Forecast, 2017 - 2028 (USD Million)
4.3.2 Yoga
4.3.2.1 Global yoga based body healing market for antiaging and longevity estimates and forecast, 2017 - 2028 (USD Million)
4.3.3 Acupuncture & Massage
4.3.3.1 Global Acupuncture & Massage based body healing market for antiaging and longevity estimates and forecast, 2017 - 2028 (USD Million)
4.3.4 Chiropractic
4.3.4.1 Global Chiropractic based market for antiaging and longevity estimates and forecast, 2017 - 2028 (USD Million)
4.3.5 Qigong & Tai Chi
4.3.5.1 Global Qigong & Tai chi based market for antiaging and longevity estimates and forecast, 2017 - 2028 (USD Million)
4.3.6 Kinesiology
4.3.6.1 Global Kinesiology based market for antiaging and longevity estimates and forecast, 2017 - 2028 (USD Million)
4.3.7 Reflexology
4.3.7.1 Global Reflexology based market for antiaging and longevity estimates and forecast, 2017 - 2028 (USD Million)
4.3.8 Eurythmy
4.3.8.1 Global Eurythmy based market for antiaging and longevity estimates and forecast, 2017 - 2028 (USD Million)
4.3.9 Others
4.3.9.1 Global other body healing types market for antiaging and longevity estimates and forecast, 2017 - 2028 (USD Million)
4.4 Mind Healing
4.4.1 Global Mind Healing Based Market For Antiaging And Longevity Estimates And Forecast, 2017 - 2028 (USD Million)
4.4.2 Meditation & Mindfulness
4.4.2.1 Global Meditation & Mindfulness based market for antiaging and longevity estimates and forecast, 2017 - 2028 (USD Million)
4.4.3 Relaxation
4.4.3.1 Global relaxation based market for antiaging and longevity estimates and forecast, 2017 - 2028 (USD Million)
4.4.4 Others
4.4.4.1 Global other mind healing types based market for antiaging and longevity estimates and forecast, 2017 - 2028 (USD Million)
4.5 External Energy Healing
4.5.1 Global External Energy Healing Based Market For Antiaging And Longevity Estimates And Forecast, 2017 - 2028 (USD Million)
4.5.2 Magnetic & Electromagnetic Therapy
4.5.2.1 Global Magnetic & Electromagnetic therapy based market for antiaging and longevity estimates and forecast, 2017 - 2028 (USD Million)
4.5.3 Chakra Healing
4.5.3.1 Global Chakra healing based market for antiaging and longevity estimates and forecast, 2017 - 2028 (USD Million)
4.5.4 Reiki
4.5.4.1 Global Reiki based market for antiaging and longevity estimates and forecast, 2017 - 2028 (USD Million)
4.5.5 Others
4.5.5.1 Global other external energy healing types based market for antiaging and longevity estimates and forecast, 2017 - 2028 (USD Million)
4.6 Sensory Healing
4.6.1 Global Sensoty Healing Based Market For Antiaging And Longevity Estimates And Forecast, 2017 - 2028 (USD Million)
4.6.2 Aromatherapy
4.6.2.1 Global aromatherapy based market for antiaging and longevity estimates and forecast, 2017 - 2028 (USD Million)
4.6.3 Sound Healing
4.6.3.1 Global sound healing based market for antiaging and longevity estimates and forecast, 2017 - 2028 (USD Million)
Chapter 5 Customers Business Analysis
5.1 Complementary And Alternative Medicine Market for Antiaging and Longevity: Customer Movement Analysis
5.2 High net worth (HNW) individuals
5.2.1 Global High Net Worth (Hnw) Individuals Market For Antiaging And Longevity Estimates And Forecast, 2017 - 2028 (USD Million)
5.3 Very high net worth (VHNW) individuals
5.3.1 Global Very High Net Worth (Vhnw) Individuals Market For Antiaging And Longevity Estimates And Forecast, 2017 - 2028 (USD Million)
5.4 Ultra-High Net Worth (Uhnw) Individuals
5.4.1 Global Ultra-High Net Worth (Uhnw) Individuals Market For Antiaging And Longevity Estimates And Forecast, 2017 - 2028 (USD Million)
5.5 Others
5.5.1 Global Other Customers Market For Antiaging And Longevity Estimates And Forecast, 2017 - 2028 (USD Million)
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