{"id":109,"date":"2021-04-06T13:01:51","date_gmt":"2021-04-06T13:01:51","guid":{"rendered":"https:\/\/www.innoviusresearch.com\/blog\/?p=109"},"modified":"2023-05-09T06:59:22","modified_gmt":"2023-05-09T06:59:22","slug":"global-cam-market-2019-to-2025","status":"publish","type":"post","link":"https:\/\/www.innoviusresearch.com\/blog\/market-report\/global-cam-market-2019-to-2025\/","title":{"rendered":"Global CAM Market 2019 to 2025"},"content":{"rendered":"\n<p class=\"has-normal-font-size wp-block-paragraph\" style=\"line-height:1.2\"><strong>Overview of Global and US Complementary and Alternative Medicine (CAM) Market 2019-2025<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In <strong>2018<\/strong>, the <strong>Global Complementary and Alternative Medicine (CAM) <\/strong>market were valued at US$55.2 billion and expected to reach US$163.3 billion by 2025, while growing approximately at a CAGR of 16.8% during the forecasted period 2019 and 2025.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large is-style-twentytwentyone-border\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/www.innoviusresearch.com\/blog\/wp-content\/uploads\/2021\/04\/Slide1-1-1024x576.jpg\" alt=\"CAM market-graph2\" class=\"wp-image-119\" srcset=\"https:\/\/www.innoviusresearch.com\/blog\/wp-content\/uploads\/2021\/04\/Slide1-1-1024x576.jpg 1024w, https:\/\/www.innoviusresearch.com\/blog\/wp-content\/uploads\/2021\/04\/Slide1-1-300x169.jpg 300w, https:\/\/www.innoviusresearch.com\/blog\/wp-content\/uploads\/2021\/04\/Slide1-1-768x432.jpg 768w, https:\/\/www.innoviusresearch.com\/blog\/wp-content\/uploads\/2021\/04\/Slide1-1.jpg 1280w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption><strong><em>Global Complementary &amp; Alternative Medicine Market During 2019-2025 ($Billion)<\/em><\/strong><\/figcaption><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">During the forecasted period, <strong>North America <\/strong>is expected to dominate the CAM market, due to the rising awareness among the people about advanced treatment for healthcare in this region.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In <strong>2016<\/strong>, the <strong>Complementary and Alternative Medicine <\/strong>market in the <strong>US was valued at US$14.3 billion, which reached $17.9 billion <\/strong>in <strong>2020<\/strong>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">During the period 2017 to 2020, the CAM market in US grew at a <strong>CAGR of 5.77%.<\/strong><\/p>\n\n\n\n<script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-6580330613220222\"\n     crossorigin=\"anonymous\"><\/script>\n<ins class=\"adsbygoogle\"\n     style=\"display:block; text-align:center;\"\n     data-ad-layout=\"in-article\"\n     data-ad-format=\"fluid\"\n     data-ad-client=\"ca-pub-6580330613220222\"\n     data-ad-slot=\"2367613624\"><\/ins>\n<script>\n     (adsbygoogle = window.adsbygoogle || []).push({});\n<\/script>\n\n\n\n<p class=\"wp-block-paragraph\">As the demand and revenue in the US have been growing at a steady rate (2014-2015 = 3.8%; 2015-2016 = 4.4%), therefore according to our estimation the US market will be growing approximately at a <strong>CAGR of 7.8% <\/strong>for the forecasted period <strong>2021-2025<\/strong>.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large is-style-twentytwentyone-border\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/www.innoviusresearch.com\/blog\/wp-content\/uploads\/2021\/04\/Slide2-1-1024x576.jpg\" alt=\"CAM market-graph2\" class=\"wp-image-118\" srcset=\"https:\/\/www.innoviusresearch.com\/blog\/wp-content\/uploads\/2021\/04\/Slide2-1-1024x576.jpg 1024w, https:\/\/www.innoviusresearch.com\/blog\/wp-content\/uploads\/2021\/04\/Slide2-1-300x169.jpg 300w, https:\/\/www.innoviusresearch.com\/blog\/wp-content\/uploads\/2021\/04\/Slide2-1-768x432.jpg 768w, https:\/\/www.innoviusresearch.com\/blog\/wp-content\/uploads\/2021\/04\/Slide2-1.jpg 1280w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption><strong><em>US Complementary &amp; Alternative Medicine Market During 2020-2025 ($Billion)<\/em><\/strong><\/figcaption><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">Even North America is considered as the largest market of <strong>geriatric complementary and alternative medicines<\/strong> owing to high use of CAMs in this region.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">According to a <strong>survey conducted <\/strong>by <strong>Health and Retirement Study<\/strong>, it was reported that approximately <strong>85%<\/strong> of the geriatric population (age more than 65 years) in North America, uses complementary and alternative medicines.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Data Sources:&nbsp;<a href=\"https:\/\/www.statista.com\/\" target=\"_blank\" rel=\"noreferrer noopener\">Statista<\/a>,&nbsp;<a href=\"https:\/\/www.pharmiweb.com\/\" title=\"https:\/\/www.pharmiweb.com\/\" target=\"_blank\" rel=\"noreferrer noopener\">Pharmiweb<\/a>, <a href=\"http:\/\/www.medgadget.com\" target=\"_blank\" rel=\"noreferrer noopener\" title=\"www.medgadget.com\">Medgadget<\/a>.<\/strong><\/p>\n\n\n\n<hr class=\"wp-block-separator\"\/>\n\n\n\n<p class=\"wp-block-paragraph\"><em>To know more about this market study&nbsp;<strong><a href=\"https:\/\/www.innoviusresearch.com\/contact-us.php\">Contact Now<\/a><\/strong><\/em><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Read more <a href=\"https:\/\/www.innoviusresearch.com\/blog\/category\/market-report\/\" title=\"https:\/\/www.innoviusresearch.com\/blog\/category\/market-report\/\"><strong>Market Reports<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Overview of Global and US Complementary and Alternative Medicine (CAM) Market 2019-2025 In 2018, the Global Complementary and Alternative Medicine (CAM) market were valued at US$55.2 billion and expected to reach US$163.3 billion by 2025, while growing approximately at a CAGR of 16.8% during the forecasted period 2019 and 2025. During the forecasted period, North&hellip; <a class=\"more-link\" href=\"https:\/\/www.innoviusresearch.com\/blog\/market-report\/global-cam-market-2019-to-2025\/\">Continue reading <span class=\"screen-reader-text\">Global CAM Market 2019 to 2025<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":122,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[39,10],"tags":[16,15],"class_list":["post-109","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-healthcare","category-market-report","tag-cam-market","tag-complementary-and-alternative-medicine","entry"],"aioseo_notices":[],"aioseo_head":"\n\t\t<!-- All in One SEO 4.9.8 - aioseo.com -->\n\t<meta name=\"description\" content=\"In 2018, the Global 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