Herbal Drugs Market 2018 Size, Business Research, Revenue, Growth Insights to 2028

Posted on 2019-07-02 by Mark Hub in Healthcare // 0 Comments

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Herbal drugs have negligible side effects, therefore the severe side effect of allopathic medicines are rising the demand for herbal drugs market. Due to this number of ayurvedic companies are focusing to manufacture and launch the herbal drug. Moreover, the high adoption of Ayurveda in Asia-pacific countries such as India and China will propel the growth of herbal drugs market. Additionally, the rising number of retail pharmacies focusing towards the sale and promotion of herbal products will also boost the revenue growth of the Herbal Drugs Market.

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Herbal Drugs are the medicines which are derived from the plant extract, roots, leaves or flowers. Herbal drugs are basically are a type of dietary supplements. The culture of herbal drugs is very ancient and it comes from Chinese tradition. Doctor recommend the patients to consume herbal drugs to improve and maintain their health. Herbal drugs are over the counter drugs, hence do not require any prescription from the physician. Herbal drugs do not include in chemical ingredients, therefore, herbal drugs require fewer regulations for approval. But some herbal drug can harm a particular group of patients. Herbal drugs are available in various form including tablets, capsule, powder, syrup, and extract. Herbal drugs are used for the treatment of various disorders such as respiratory, orthopedic, cardiovascular and digestive.

The manufacturing of herbal drugs is a costly process, therefore herbal drug available in the market have a high cost which is responsible for the sluggish growth of the herbal drugs market. Also, the treatment time by herbal drugs is much greater than allopathic medicines which gain deter the growth of herbal drugs market.

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The rising number of chronic disorder among the people is the primary factor behind the robust growth of the herbal drugs market. By form type, the tablet segment will dominate the herbal drugs market in term of value which is then followed by capsules. This is due to high preference consumer to toward the tablets and capsules. Herbal drugs are more often used for the treatment of digestive disorders, hence this segment will gain the maximum traction for herbal drugs market by indication. Among all end user, retail pharmacies segment will gain the maximum revenue share of herbal drugs market due to rising number retail pharmacies focusing toward the sale of herbal products.

Asia-Pacific is the most lucrative market for Herbal Drugs owing to high adoption of Ayurveda in China and India. After Asia-Pacific, Europe region will gain traction for the global herbal drugs market due to the rising number of ayurvedic companies are focusing to manufacture and launch the herbal drug. Also, the availability of several retail pharmacies focused on herbal drugs in the U.K., Germany, and other European countries will gain traction for the herbal drugs market in Europe. The people in the U.S. and Canada prefer the allopathic medicine over the herbal drug, hence the North America region will gain less traction for herbal drugs market. The Middle East & Africa and Latin America are the fastest growing region for the global herbal drugs market.

Some of the key players found across the value chain of Herbal Drugs are Himalaya Drug Company, Arkopharman, Blackmores Limited , Dr. Willmar Schwabe India Pvt. Ltd.., Madaus GmbH, Tsumura & Co., Ricola AG, Zandu Pharmaceutical Works Ltd, Hamdard Laboratories, Sheng Chang Pharmaceutical Company, Dabur, Baidyanath Group, Patanjali Ayurved Ltd., China Herbs Company (U.S.), Nutraceutical International Corporation, Syndy Pharma, Surya Herbal Ltd., and others.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.

The report on Herbal Drugs Market is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report on Herbal Drugs Market provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report on Herbal Drugs Market also maps the qualitative impact of various market factors on market segments and geographies.

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