Global Market Research Reports : Ken Research: Global Herbal Medicine Market

Thursday, December 12, 2019

Profitable Insights of the Worldwide Herbal Medicines Market Outlook: Ken Research

The herbal medicines are created of numerous parts of the plants namely leaves, roots, flower, seeds, barks, oil and several others. The herbal medicines had been effectively used since the ancient times for the treatment of several syndromes. By accepting the fresh innovative methods, herbal medicines are now presented in the forms of syrups, powders, capsules, tablets, and plant extracts. Some of the aspects namely increasing the preference for the traditional medicines by the customer and lesser side-effects even on the usage for a longer duration influence the requirement for the herbal medicines.

However, the side effects and allergic reactions and poor standardization are predicted to restrict the growth of the market. For instance, the growing requirement for the natural medicines, growing research funding for the herbal medicines, and multiple benefits of the herbal medicines are predicted to improve the market growth. According to the report analysis, ‘Global Herbal Medicine Market Information by Product Type (Herbal Pharmaceutical, Herbal Dietary Supplements, Herbal Functional Foods & Others), Type of Medicinal Plants (Aconitum ferox, Allium sativum, Andrographis paniculata, Commiphora weightii & Crocus sativus), By Form (Capsules & Tablets, Powder, Syrups and Extracts), By Source (Leaves, Roots & Barks, Whole Plant & Fruit), By Indication (Cardiovascular Disorders, Respiratory Disorders, Digestive Disorders and Hypnotics & Sedatives), By Distribution Channel (Hospital & Retail Pharmacies and E-Commerce), By Region (North America, Europe, Asia Pacific, The Middle East & Africa (MEA) and Latin America) - Forecast to 2023’ states that in the market of the herbal medicine, there are numerous key players which presently functioning more positively for leading the fastest market growth and dominating the wildest market share across the globe during the coming years more enormously while developing the advantages of the herbal medicine, decreasing the cost of such medicines, establishing the e-commerce platform for the promotion of herbal medicines, delivering the better consumer satisfaction and taking care of the government initiatives includes ZeinPharma Germany GmbH, Dasherb Corp, Bayer AG, Arkopharma, Hishimo Pharmaceuticals,BEOVITA, Schaper & Brummer, Blackmores, Dr. Willmar Schwabe India Pvt. Ltd. and several others.

Nonetheless, the worldwide herbal medicine market based on its products, the global market has been categorized into Herbal Pharmaceutical, Herbal Functional Foods, Herbal Dietary Supplements, and several others. Based on its medicinal plants, the market is sectored on the basis of Aconitum ferox (Ranunculaceae), Andrographis paniculata (Acanthaceae), Allium sativum (Liliaceae), Crocus sativus (Iridaceae), Commiphora weightii (Burseraceae). Based on its form, the market is classified into powder, capsules and tablets, extracts and syrups. On the basis of its source, the market is categorized into roots and barks, leaves, fruit, and whole plant. Based on its indication, the market is split into Cardiovascular Disorders, Digestive Disorders, Respiratory Disorders, Hypnotics & Sedatives. On the basis of its distribution channel, the market is sectored as e-commerce and hospitals and retail pharmacies.

Nonetheless, the worldwide herbal medicine market is expected to increase at a CAGR of 5.88% during the review period (2018-2023). The increasing utilization of the herbal products is one of the major aspects influencing the growth of the worldwide herbal medicine market. Herbal products are greatly utilized by consumers due to their health benefits. Also, herbal products involve the natural ingredients which are exceedingly preferred by health-conscious consumers. Therefore, in the coming years, it is anticipated that the market of the herbal medicine will increase around the globe more significantly over the coming years.

To know more, click on the link below:-

Global Herbal Medicine Market Research Report

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Ken Research

Ankur Gupta, Head Marketing & Communications

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Tuesday, November 26, 2019

Increase in Demand for Natural Medicines Expected to Drive Global Herbal Medicine Market over the Forecast Period: Ken Research

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Herb is a plant or plant part used for its flavor, scent, or therapeutic properties. It is one type of dietary supplement. It is made up of various parts of plants for instance roots, seeds, leaves, flowers, oil, bark, etc. It is used to try to maintain or improve the health. It is formulated in dosage forms for instance tablets & capsules, extracts, pastes, powders, gels, and oils. Tablet & capsule form provides dose accuracy compared to other dosage forms.

According to study, “Global Herbal Medicine Market Information by Product Type (Herbal Pharmaceutical, Herbal Dietary Supplements, Herbal Functional Foods & Others), Type of Medicinal Plants (Aconitum ferox, Allium sativum, Andrographis paniculata, Commiphora weightii & Crocus sativus), By Form (Capsules & Tablets, Powder, Syrups and Extracts), By Source (Leaves, Roots & Barks, Whole Plant & Fruit), By Indication (Cardiovascular Disorders, Respiratory Disorders, Digestive Disorders and Hypnotics & Sedatives), By Distribution Channel (Hospital & Retail Pharmacies and E-Commerce), By Region (North America, Europe, Asia Pacific, The Middle East & Africa (MEA) and Latin America) - Forecast to 2023” the key companies operating in the global herbal medicine market are Dasherb Corp, Bayer AG, ZeinPharma Germany GmbH, Arkopharma, BEOVITA, Hishimo Pharmaceuticals, Schaper & Brummer, Blackmores, Dr. Willmar Schwabe India Pvt. Ltd. The key manufacturers are directing on improving the quality of herbal products. Additionally, technological advancements for instance improved extraction techniques & equipment deployed by global players and regional players to maintain the product quality thus rendering market sustainability.

Based on product type, herbal medicine market is segmented into herbal pharmaceutical, herbal functional foods, herbal dietary supplements and others. Based on type of medicinal plants, market is segmented into Marrubium Vulgare, Echinacea, Vaccinium Macrocarpon, Camellia Sinensis, Curcuma Longa, Aloe Vera, Actaea Racemose, Cocos Nucifera, Zingiber Officinale, Allium Sativum, Cinnamomum Spp and others. Based on form, market is segmented into powder, capsules & tablets, syrups and extracts. Based on source type, market is segmented into leaves, whole plant & fruit, roots & barks and others. Based on indication type, market is segmented into cardiovascular disorders, digestive disorders, respiratory disorders, and hypnotics & sedatives. In addition, based on distribution channel, market is segmented into e-commerce and hospital & retail pharmacies.

The herbal medicine market is driven by increase in prevalence of liver & heart diseases, followed by rise in research funding for herbal medicines, increase in demand for natural medicines, and multiple applications of herbal medicines. However, side-effects & allergic reactions and low awareness among individuals regarding the use & dosage of herbal medicines may impact the market. Moreover, increase in research & development (R&D) investment in healthcare sector and recent technological advancements are major opportunities for market.

Based on geography, the European region dominates the herbal medicine market owing to increase in funding for research on medicinal plants, extensive R&D for herbal medicine and growth in preference for herbal drugs in the region. The Asian-Pacific region is estimated to witness higher growth rate due to rise in adoption of traditional medicines by researchers, pharmaceutical companies, and policymakers over the forecast period. The North-American region is also estimated to witness higher growth rate on account of rise in use of herbal supplements for conditions such as cancer, stroke, and arthritis (43%) over the forecast period.