PUBLISHER: Grand View Research | PRODUCT CODE: 1529768
PUBLISHER: Grand View Research | PRODUCT CODE: 1529768
The global body, mind and energy healing market size is anticipated to reach USD 394.73 billion by 2030, registering a CAGR of 26.2% from 2024 to 2030, according to a new report by Grand View Research, Inc. The market is witnessing significant growth, driven by mainstream acceptance of holistic health practices like acupuncture and yoga. This upsurge is linked to a more profound awareness of mental health issues and governmental integration of these practices into official healthcare policies. Millennials, leading the charge toward holistic health, amplify the demand for alternative complementary and alternative methods. Societal attitudes towards mental health are evolving, thanks to extensive awareness campaigns and research, making holistic treatments more appealing.
Adoption rates of alternative healing methods are notable; for instance, a survey shows that 35% of adults globally are turning to practices, such as meditation and herbal remedies for wellbeing. Regulatory bodies are also stepping up to ensure the safety and effectiveness of these approaches, while efforts to merge traditional methods with conventional healthcare are gaining momentum. The increasing pursuit of preventative and non-invasive treatments is shaping the market, with younger generations particularly favoring these natural healing options. In August 2023, the World Health Organization convened its first global summit on traditional medicine. The event aimed to integrate traditional and complementary medicine, like Ayurveda, yoga, and homeopathy, into mainstream healthcare. Over 100 countries adopted policies and strategies on traditional medicine following discussions on evidence-based approaches and international collaboration.