Global Herbal Medicine Market Demand, Production, Supply, Competition, Opportunities & Growth 2025
According to a new report published by Reports Monitor titled, “Global Herbal Medicine Market, Growth Opportunities, Innovations and Forecast, 2017-2025,” the herbal medicine market was valued at XX million in 2016, and is projected to reach at XX million by 2025, growing at a CAGR of XX% from 2017 to 2025.
Herbal medicine also referred as botanical medicine is primarily used for treatment purpose, the seeds, root, and leaves, bark and flowers of the plants forms the main ingredients in the medicinal extract.
The Global Herbal Medicine Market Professional Survey Report scrutinizes the present scenario and the future growth prospects of the Industry. It covers the market canvas and the growth opportunities in the coming years. The report has been made with an in-depth and detailed analysis along with important inputs from the various industry experts.
Reduced overdose toxicity and lesser side effects have contributed significantly in propelling the growth of herbal medicine market. Moreover the increased investment in the research and development has led to the development of high potential herbal medicines, thereby contributing in generating more market opportunities in the future. The major restraints in the herbal medicine market are lack of research and standardization thereby resulting in patent issues.
The major regions covered in the global electric vehicles market are: North America, Europe, Asia-Pacific and LAMEA (Latin America, Middle East and Africa). Among the regions covered Asia–Pacific is dominating the market owing to the largest market share acquired by the countries such as China and India. According to the WHO report, China and India constitute about 70% of the global demand in herbal medicine market. Europe is the second largest region mainly due to the presence of increased adoption of herbal medicine in France and Germany.
The major companies profiled in the report include Arizona natural products, Blackmores Ltd., Bio-Botanica, Inc., Arkopharma Laboratories Company Limited, Bionorica SE, Gaia Herbs, LLC, Herbal life, Martek Biosciences Corporation, Himalaya Drug Company, Nutraceutical Corporation, DSM Nutritional Products Ltd. and i-Health, Inc.
The herbal medicine market is majorly segmented on the basis of type and applications. Based on the type, the market is segmented into: tablets and capsules, extracts, powders and others. Depending upon the applications the market is bifurcated into: cardiovascular disorders, respiratory disorder, and digestive disorder, blood disorders and others.
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