Complementary And Alternative Medicine for Anti-Aging & Longevity Market Size Worth $366.58 Billion By 2032 | CAGR: 21.7%

The global complementary and alternative medicine for anti-aging & longevity market size is expected to reach USD 366.58 billion by 2032, according to a new study by Polaris Market Research. The report “Complementary and Alternative Medicine for Anti-Aging & Longevity Market Share, Size, Trends, Industry Analysis Report, By Intervention; By Customer; By Region; Segment Forecast, 2023 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Growing preference for complementary and alternative medicines offering holistic approaches that appeal to individuals’ alternative options to traditional medical practices and adoption of healthy lifestyles globally to maintain health & wellness, propelling the market’s growth. In addition, the rising internet penetration and surging number of social media users getting influenced by health influencers promoting complementary and traditional medicine approaches in their content is further boosting the product demand.

• For instance, according to a report by Forbes, in August 2023, the number of people using social media worldwide was estimated at around 4.9 billion in 2023, and the number is projected to increase to 5.85 billion by 2027.

As companies worldwide continue to explore new and innovative CAM (complementary alternative medicine) products and services with greater efficacy and safety to be used for anti-aging & longevity purposes, their demand among both professionals and the general public is projected to increase. For instance, in January 2024, Healthy Extracts announced the launch of LONGEVITY Anti-Aging. It is a type of new proprietary formulation specially developed to support skin vitality, arterial flexibility, and joint & cellular health.

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Furthermore, growing government and private funding for research into complementary and alternative approaches and continuous development of supportive as well as clear regulatory frameworks for the improvements and creation of CAM products or services that ensure the safety and quality of these approaches are gaining huge traction. For instance, in November 2023, The XPRIZE Foundation announced USD 101 million in prizes for the researchers who develop therapies that can restore the function of an elderly person’s immune system, cognition, and muscle to a youthful state. It encourages researchers to develop innovative solutions to help people regain their strength and immunity.

Complementary and Alternative Medicine for Anti-Aging & Longevity Market Report Highlights

• The traditional alternative medicine segment captured the largest share on account of its growing adoption globally to improve mental and emotional well-being
• High net worth individuals segment will grow at the highest pace, which is attributed to the rising number of people with high net worth and their focus on traditional medicine
• Europe dominated the global market, owing to a large number of companies offering complementary & alternative medicine therapies
• The key market players include Shanghai Jahwa United, Sundial Brands, Tata Harper Skincare, Elysium Health, Unity Biotechnology, and Sirtris Pharmaceuticals

Polaris Market Research has segmented the complementary and alternative medicine for anti-aging & longevity market report based on type, application, and region:

Complementary and Alternative Medicine for Anti-Aging & Longevity, Intervention Outlook (Revenue - USD Billion, 2019 - 2032)

• Traditional Alternative Medicine
• Body Healing
• Mind Healing
• External Energy Healing
• Sensory Healing

Complementary and Alternative Medicine for Anti-Aging & Longevity, Customer Outlook (Revenue - USD Billion, 2019 - 2032)

• High Net Worth Individuals
• Very High Net Worth Individuals
• Ultra-high Net Worth Individuals
• Others

Complementary and Alternative Medicine for Anti-Aging & Longevity, Regional Outlook (Revenue - USD Billion, 2019 - 2032)

• North America

• U.S.
• Canada

• Europe

• Germany
• UK
• France
• Italy
• Spain
• Russia
• Netherlands

• Asia Pacific

• China
• India
• Japan
• South Korea
• Indonesia
• Malaysia

• Latin America

• Argentina
• Brazil
• Mexico

• Middle East & Africa

• UAE
• Saudi Arabia
• Israel
• South Africa

Complementary and Alternative Medicine for Anti-Aging & Longevity Market Report Scope