Europe Complementary And Alternative Medicine Market is expected to expand at a CAGR of 20.89% from 2021 to 2028
Europe Complementary And Alternative Medicine Industry Overview The Europe complementary and alternative medicine market size was valued at USD 27.44 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 20.89% from 2021 to 2028. Complementary and alternative medicine (CAM) is considered a traditional treatment and the market is majorly driven by the growing awareness regarding the numerous associated benefits. Furthermore, an increase in the adoption of herbal supplements, spas, and other wellness treatments has resulted in the considerable growth of the market. The rising penetration of coaching institutes for these therapies has led to an increase in practice and implementation. However, most of the techniques applied in alternative medicine are not approved by regulatory bodies in the European region. Therefore, to increase the penetration of CAM, several governments and regulatory bodies have undertaken efforts to establish clinical ...