The key factors driving the global
herbal medicine market include growing aging population, little or no side
effects, increasing consumer awareness, supplier innovations, and the release
of Current Good Manufacturing Practices (CGMP) for dietary supplements by the
FDA. Factors related to other markets contributing to the growth of global
herbal medicine market include escalating prices, tighter health budgets of the
modern medicinal system because of which, the consumers are opting for more
economical and safer herbal medicine systems. Factors that can harm the market
growth include lack of research and standardization in herbal medicines, poor
legal and regulatory framework which causes patent problems, and poorly
manufactured herbal products.
According to WHO estimates, almost 80%
of population of many Asian and African countries depend on traditional
medicine for primary health care. The market drivers for the Global Herbal
Medicine Market are growing aging population, increasing consumer awareness,
little or no side effects, supplier innovations, and the release of Current
Good Manufacturing Practices (CGMP) for dietary supplements by the FDA.
Herbal Medicine Market provides
detailed outlook along with in-depth analysis of industry’s gross margin,
consumption value, cost structure, and sale price. The leading companies of the
Herbal Medicine Market, manufacturers, and distributors are profiled in the
report along with the latest Industry development current and future trends.
The Herbal Medicine Market is expected to reach $ 111 billion by the end of
2023, this market is projected to growing at a CAGR of ~ 7.2 % during
2017-2023.
Herbal medicine, or phytomedicine is a
medicinal system using a plant or animal materials such as seeds, roots,
leaves, bark, flowers, oils etc. for medicinal purposes. Herbalism has emerged
from a long historical tradition of using nature for curing diseases.
Global Key Players of Herbal Medicine Market
The key players in the global herbal medicine
market include Arkopharma (France), Dabur (India), Blackmores (Australia),
China Herbs Company (China), Hamdard Laboratories (India), Himalaya Drug
Company (India), Madaus (Italy), Nutraceutical International Corporation (USA),
Patanjali Ayurved Ltd. (India), Ricola AG (Switzerland), Sheng Chang
Pharmaceutical Company (China), Schwabe (Germany), Tsumura (Japan), and Zandu
Pharmaceutical Works Ltd (India).
Herbal Medicine Market Regional Analysis
The
regional analysis of the herbal medicine consists of regions such as Asia
Pacific, North America, Europe and the rest of the world. The Asia Pacific
region will be a rapidly growing region because of which will be controlled by
China and India. The nations in the Asia Pacific region such as China which is
followed by India is responsible for the bigger market share owing to its
custom of using the herbal system. The European region is the next major market
owing to increased disposable income and rising demand for natural remedies and
therapies. The European market will be led by nations such as France which is
followed by Germany. The Middle East and Africa market will be directed by the
Gulf nations chiefly Saudi Arabia and UAE. The underprivileged regions of
Africa are expected to lag owing to poor political and economic conditions.
Herbal Medicine Market Segments:
The
global herbal medicine market is segmented on the basis of system, application,
source and region. On the basis of system, the market has been segmented into
Western, Ayurveda, Chinese, and other. Based on the application, the market has
been segmented into personal care, pharmaceutical, and other. By source, the
market has been segmented into animal and vegetable. The vegetable segment is
further segmented into fruit and leaves, roots, seeds, bark and other. The
animal segment is additionally segmented into bones, oils, and other. The
regions included in the market are Asia Pacific, North America, Europe and the
rest of the world.
Browse Complete 80 Pages Premium Research Report
Enabled with Respective Tables and Figures @ https://www.marketresearchfuture.com/reports/herbal-medicine-market-3250
Detailed
Table Of Contents:
1
Introduction
1.1 Definition
1.2 Scope Of Study
1.2.1 Research Objective
1.2.2 Assumptions & Limitations
1.2.2.1 Assumptions
1.2.2.2 Limitations
1.3 Market Structure:
2 Research Methodology
2.1 Research Process:
2.2 Primary Research
2.3 Secondary Research:
3 Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Macroeconomic Indicators
4 Market Factor Analysis
4.1 Porters Five Forces Model
4.2 Bargaining Power Of Suppliers
4.3 Bargaining Power Of Buyers
4.4 Threat Of New Entrants
4.5 Threat Of Substitutes
4.6 Intensity Of Rivalry
5 Global Herbal Medicine Market, By System
5.1 Ayurveda
5.2 Chinese
5.3 Western
5.4 Other
1.1 Definition
1.2 Scope Of Study
1.2.1 Research Objective
1.2.2 Assumptions & Limitations
1.2.2.1 Assumptions
1.2.2.2 Limitations
1.3 Market Structure:
2 Research Methodology
2.1 Research Process:
2.2 Primary Research
2.3 Secondary Research:
3 Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Macroeconomic Indicators
4 Market Factor Analysis
4.1 Porters Five Forces Model
4.2 Bargaining Power Of Suppliers
4.3 Bargaining Power Of Buyers
4.4 Threat Of New Entrants
4.5 Threat Of Substitutes
4.6 Intensity Of Rivalry
5 Global Herbal Medicine Market, By System
5.1 Ayurveda
5.2 Chinese
5.3 Western
5.4 Other
..Continued
About
US:
Market
Research Future (MRFR), enable customers to unravel the complexity of various
industries through Cooked Research Report (CRR), Half-Cooked Research Reports
(HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market
Research & Consulting Services.
Contact
Us:
Market
Research Future
Office
No. 528, Amanora Chambers
Magarpatta
Road, Hadapsar,
Pune
- 411028
Maharashtra,
India
Phone:
+1 646 845 9312
Email:
sales@marketresearchfuture.com
No comments:
Post a Comment