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.
To know more, click on
the link below:-
Related Reports:-
Contact Us:-
Ken
Research
Ankur
Gupta, Head Marketing & Communications
+91-9015378249
Found your post interesting to read. I cant wait to see your post soon. Good Luck for the upcoming update. :) Thanks for sharing! Herbal incense
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