Absolute markets Insights has added a new statistical data titled as, Complementary and Alternative Medicines Market to its exhaustive database. It explains dynamic aspects of the businesses to get comprehensive data for better understanding of the customers.
Latest technologies and new trends which have been adopted by top-level industries are explained to get proper directions for the businesses. It is aggregated on the basis of some significant market segments such as type, age group, and end-users.
Moreover, it focuses on leading industry key players across the global regions such as North America, Latin America, Asia-Pacific, Europe, and India. Different internal and external factors such as, size, shares, demands, dynamics, challenges have been mentioned, which are responsible for fueling or restraining progress of the companies. Informative data regarding the challenges faced by the industries and approaches adopted by them to overcome those threats has been included. This research report is helpful for both established businesses as well as startups in the market.
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In terms of revenue, the Complementary and Alternative Medicines Market stood at US$ 2,498.24 million in 2020, and is anticipated to reach US$ 9,759.38 million by 2030, expanding at a CAGR of 16.4% during the forecast period (2021-2030).
In terms of geographical locations, the Sao Paulo city accounted for the highest market share in 2020 owing to the huge number of population in the location and increasing prevalence of non-contagious ailments
Traditional Alternative Medicine Therapy segment hold the largest market share among the different alternative medicine therapy types available in the global market due to the changing perspective towards a more healthy approach.
On the basis of age group, adolescent segment hold the largest share in the Brazilian market due to the high prevalence of diseases in the location. According to an article published regarding the effects of Clustering Risk Factors for Non-Communicable Diseases among Adolescents from Southern Brazil, it is been concluded that Adolescents had a high prevalence of simultaneous risk factors for NCDs (Non-Communicable Diseases).
Key players operating in the Brazil complementary and alternative medicines market are Optum, Inc., Aché, Quantum-Touch, and Herboflora amogst others.
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