Day: September 20, 2022

Complementary and Alternative Medicine Market to Reach $437.9 Billion, Globally, by 2031 at 15.6% CAGR: Allied Market Research

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Rise in prevalence of various chronic diseases such as cancer and cardiovascular diseases drives the growth of the global complementary and alternative medicine market.

PORTLAND, Ore., Aug. 26, 2022 /PRNewswire/ — Allied Market Research published a report, titled, “Complementary and Alternative Medicine Market by Type (Medicines, Therapy), by Disease Indication (Diabetes, Cardiovascular, Neurology, Cancer, Arthritis, Others), by Distribution Channels (Direct Sales, Online Sales, Distance Correspondence): Global Opportunity Analysis and Industry Forecast, 2021–2031.” According to the report, the global complementary and alternative medicine industry generated $102.0 billion in 2021, and is estimated to reach $437.9 billion by 2031, witnessing a CAGR of 15.6% from 2022 to 2031.

Drivers, Restraints, and Opportunities

Rise in prevalence of various chronic diseases such as cancer and cardiovascular diseases and surge in popularity of complementary and alternative medicines & therapies along with rise in costs of traditional medicines and their side effects drive the growth of the global complementary and alternative medicine market. However, side effects associated with self-medication restrain the market growth. On the other hand, rise in adoption of strategies such as collaborations, mergers, and acquisitions by leading players create new opportunities in the coming years.

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Impact of Covid-19 on Complementary and Alternative Medicine Market Scenario-

  • Owing to the surge in COVID-19 infection worldwide and lack of availability of therapeutics for treatment against COVID-19, people turned toward complementary and alternative medicines as preventive measures and treatments.
  • According to the research published by Mahlagha Dehghan et. al. in January 2022, nearly 84% of the participants of the survey reported usage of one of the complementary and alternative medicines (CAMs) during the COVID-19 pandemic in Iran.
  • Adoption of yoga and meditation experienced a sharp rise during the pandemic due to closure of fitness centers, gyms, swimming pools, and sports stadiums with lockdown restrictions in place. So, people began therapies and exercising at home. This, in turn, led to the growth of the global complementary and alternative medicine market.
  • Surge in online classes and sessions that offer beginner and advanced courses related to alternative therapies such as yoga, aerobics, and meditation impacted the market positively during the pandemic.

Get detailed COVID-19 impact analysis on the Complementary and Alternative Medicine Market- https://www.alliedmarketresearch.com/request-for-customization/11547?reqfor=covid

The medicines segment to maintain its leadership status during the forecast period

Based on type, the medicines segment accounted for the highest market share in 2021, contributing to nearly two-thirds of the global complementary and alternative medicine market, and is estimated to maintain its leadership status during the forecast period. Moreover, this segment is estimated to witness the highest CAGR of 15.9% from 2022 to 2031. This is due to surge in prevalence of chronic and autoimmune disorders and increase in the adoption of natural remedies such as Ayurvedic medicines and herbal supplements. The report also analyzes the therapy segment.

The diabetes segment to maintain its dominant share during the forecast period

Based on disease indication, the diabetes segment contributed to the largest market share in 2021, accounting

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What Can You Expect From the Best Dermatologist in Your Area

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If you have skin problems, you might feel embarrassed and insecure. But that doesn’t mean you should ignore them. After all, dermatologists are experts when it comes to different types of skin issues. The best dermatologist near you will understand your concerns and provide the right treatment or medication. They can also recommend measures that will prevent the recurrence of the same problem again. That said, finding the best dermatologist near you might be challenging given that there are so many of them out there. So if you’re looking for one in your area, here’s what you should know about their services before choosing one: 

Know the different types of dermatologists and their services 

Before choosing a particular type of dermatologist, you should know their services first. Dermatologists are medical specialists who are trained to diagnose and treat skin diseases like acne, psoriasis, or vitiligo, among others. They might also treat warts, moles, skin tags, and tinea cruris, among others. In fact, dermatologists can also diagnose skin cancer and provide the right treatment for it. Dermatology nurse practitioners, on the other hand, are medical practitioners who are also trained to provide the following services: Diagnosing skin diseases like eczema and psoriasis, treating warts, moles, skin tags, and tinea cruris, and diagnosing skin cancer. 

Dermatologist vs. dermatology nurse 

These medical practitioners are trained to treat various skin problems. But there are some who argue that dermatologist vs. dermatology nurse is a misnomers. Some even say that dermatologist vs. dermatology nurse is like comparing apples to oranges. And regardless of who’s right, there are some key differences between the two. For instance, dermatologists are medical doctors who have all the necessary credentials to practice dermatology. A dermatology nurse, on the other hand, is a medical practitioner who is certified to practice dermatology. Now, while both of them might do the same job, they might also differ in other aspects. For instance, dermatologists might prescribe different types of medications and procedures. Dermatology nurses, on the other hand, might only be allowed to use certain types of medications and procedures. 

Choosing a dermatologist near you 

If you want to find the best dermatologist near you, then you should know what to look for in a professional. First, you should keep in mind that not all dermatologists are created equal. Some might have more experience than others. Others might have better bedside manners than others. So, you should always choose the best dermatologist near you. Choosing a dermatologist near you starts with thorough research. This way, you can find out more about their education, training, experience, skills, and credentials. You can also find out if they have a license to practice or if they’re in good standing with their professional body. 

What to expect from the best dermatologist in your area 

If you find the best dermatologist in your area, then you’ll probably get the best skin-related services. Dermatologists are trained professionals who are trained in identifying skin problems and providing the right treatment or … Read More...

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