Report ID: UCMIG35I2158
Report ID:
UCMIG35I2158 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
The global complementary and alternative medicine for anti-aging and longevity market was worth USD 36.89 billion in 2020 and is predicted to increase at a compound yearly growth rate (CAGR) of 22.2% between 2021 and 2028. The ageing population and the disorders that accompany it are predicted to drive the market for CAM (complementary and alternative medicine) for antiaging and longevity. COVID-19 has promoted yoga use in a sedentary lifestyle-oriented group. Because of COVID-19, some corporations, including Citi, BlueBeam, 3M, and SAP, have prioritised virtual wellness programmes to reduce the stress and anxiety associated with working from home.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Pharmaceuticals by segment aggregation, the contribution of the Pharmaceuticals in Pharmaceuticals, Biotechnology & Life Sciences and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Report ID: UCMIG35I2158