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While the advent of advanced technologies has undoubtedly mitigated the necessity of physical labor in many tasks, it has also made sedentary lifestyles extremely common across the world. An average workday during the 18th century involved constant physical movement from one place to another, the carrying of heavy loads, and high physical exertion in many tasks, while these days, the most exerting physical activity people usually do in offices is taking a short walk to the nearest coffee machine.

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According to the findings of the World Health Organization (WHO), the total number of people in the world diagnosed with diabetes increased from 108 million to 422 million from 1980 to 2014. Furthermore, the organization reported that diabetes claimed the lives of as many as 1.6 million people all over the world in 2016. The ballooning incidence of these diseases is boosting the demand for complementary and alternative medicines and therapies across the world.

Due to the above-mentioned factors, the sales of complementary and alternative drugs are rising rapidly all over the world. This is, in turn, causing the expansion of the global complementary and alternative medicines market. As a result, the revenue generated by the market is predicted to grow from $192.0 billion to $271.8 billion from 2018 to 2024. The market is also predicted to progress at a CAGR of 6.0% from 2019 to 2024.

Based on type, the complementary and alternative medicines market is divided into mind-body intervention-based, energy-based, manipulative body-based, and nature-based. Amongst these, the nature-based category will register the fastest growth in the market in the future years, as per the forecast of P&S Intelligence, a market research company based in India. This would be because of the low side-effects of homeopathic drugs, the growing requirement for the management and prevention of various diseases, and the highly affordable prices of CAM medicines.

Globally, the complementary and alternative medicines market is predicted to demonstrate the highest growth in the Asia-Pacific (APAC) region in the upcoming years. This would be a result of the burgeoning utilization of conventional medicines and treatment methods, the numerous side-effects associated with allopathic drugs and therapies, the rising incidence of various medical conditions and chronic diseases such as diabetes, insomnia, and hypertension, and the surging population of geriatric people in many APAC countries.

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