At 5.5% CAGR Herbal Medicinal Products Market To Reach US$ 121.9 Billion By 2027 – Coherent Market Insights
SEATTLE, March 31, 2021, (PHARMIWEB) — Global Herbal Medicinal Products Market
Herbal medicines products are considered the first choice for avoiding adverse health effects. According to the Council for Scientific and industrial Research (CSIR), traditional medicines are mostly preferred for treating health problems, as compared to allopathic medicines. Moreover, allopathy cannot be effectively remedied at around 70% due to which traditional medicines have an important role to play in meeting with equitable healthcare delivery goals. According to a report released by the World Health Organization (WHO), in 2017, Ayurvedic medicine is the sum of the knowledge, skills, and practices, which are mainly based on the theories, beliefs, and experience of different cultures to maintain health by prevention, diagnosis, and treatment of physical, and mental illness. Increasing adoption of herbal medicinal product over conventional allopathy with low side effects is expected to boost the growth of the global herbal medicinal products market over the forecast period.
To learn more about this report, request a sample copy*
* The sample copy includes: Report Summary, Table of Contents, Segmentation, Competitive Landscape, Report Structure, Methodology.
Request a sample copy of this report@ https://www.coherentmarketinsights.com/insight/request-sample/1688
The global herbal medicinal products market was valued at US$ 75,807.0 million in 2018, and is expected to exhibit a CAGR of 5.5% during the forecast period (2019-2027).
Favorable government regulations for homeopathic medicines projected to boost market growth
The global herbal medicinal products market is expected to gain significant traction, owing to a rise in the e-commerce sector for easy access of ayurvedic therapies and supplements, changes in government regulations to promote herbal medicines, and increasing expansion of herbal medicinal products globally. For instance, in September 2017, Dabur India collaborated with Amazon India to launch an Ayurveda e-marketplace. Through this e-commerce, Amazon will offer various ayurvedic medicines such as Nutriherbs, Shilajeet, Himalaya wellness pure herbs Ashwagandha, and Herbal Hills for the treatment of various illness such as gut and digestive problems, diabetes, and others. Moreover, through this e-commerce consumers are expected to gain easy access to all ayurvedic brand solutions, such as Dabur, Patanjali, and Himalaya. Furthermore, in November 2017, the Union Ministry of Health and Family Welfare, India, strengthened regulation about homeopathic medicines under the drugs and cosmetic rules, 1945. According to the drugs and cosmetic rules, 1945 regulation, homeopathy doctors are banned from selling homeopathic medicines over the counter at clinics. Moreover, pharmacists no longer require special training in homeopathy outlets for consultation purpose. This law allows pharmacists to sell homeopathic medicines along with the allopathic medicines.
Tailored Information as per niche requirement:
LIMITED TIME OFFER – Hurry Up!
Get Discount For Buyers UPTO 30% OFF On Any Research Report
Apply Promo Code “CMIFIRST1000” And Get Instant Discount Of USD 1000
Buy Now this Premium Report to Grow your Business @ https://bit.ly/3lZXsBw
Reportedly, in November 2017, the Australia-based beauty brand, CANVAS, expanded its presence in Singapore with Maiko Pte Ltd, a distributer, which helped CANVAS with sales, marketing, and brand-building activities of CANVAS and its aromatherapy products. With this expansion CANVAS strengthened its product portfolio in aromatherapy and enhanced its market presence in the global herbal medicinal products market.
Increasing mergers and acquisitions, along with new product launches in Europe, drive market growth in the region
Europe is expected to hold dominant position in the global herbal medicinal products market, owing to the presence of an expansive pharmaceuticals industry in the region. Thus, the major players in the market are penetrating potential European countries through strategic acquisitions. For instance, in July 2013, Bayer Pharmaceuticals acquired Steigerwald Arzneimittelwerk, a Germany-based manufacturer of herbal medicines. The acquisition expanded Bayer’s product offerings for gastrointestinal disorders and strengthened its presence in the Germany market.
North America is expected to emerge as the second largest region in the global herbal medicinal products market, owing to rising acquisition and collaboration strategies adopted by the market players in the region. For instance, in July 2019, MediBeacon Inc. and Huadong Medicine, a producer of Chinese herbal medicines, entered into a collaboration to gain regulatory approval in Mainland China for MediBeacon’s entire product portfolio. Under the collaboration, Huadong Medicine funded several clinical trials, along with the commercial and regulatory activities of MediBeacon Inc.
View Press Release For More Information @ https://www.coherentmarketinsights.com/press-release/herbal-medicinal-products-market-to-surpass-us-23180-billion-threshold-by-2025-883
Key Players of the Global Herbal Medicinal Products Market
The major players operating in the global herbal medicinal products market include Sanofi S.A, Himalaya Global Holdings Ltd., Arkopharma Laboratories, Integria Healthcare, Young Living Essential Oils, Boiron, Blackmores Ltd., and Soho Flordis International (SFI).
Table of Contents
- Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
- Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By Product Type
- Market Snippet, By Dosage Form
- Market Snippet, By Disease Indication
- Market Snippet, By Distribution Channel
- Market Snippet, By Region
- Coherent Opportunity Map (COM)
- Report Description
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Impact Analysis
- Product Launch
- Acquisition and Collaboration Scenario
- Industry Trends
- Regulatory Scenario
- PEST Analysis
- PORTER’s Analysis
- Market Dynamics
- Global Herbal Medicinal Products Market, By Product Type, 2016 – 2027, (US$ Mn)
- Introduction
- Market Share Analysis, 2019 and 2027 (%)
- Y-o-Y Growth Analysis, 2017 – 2027
- Segment Trends
- Ayurvedic Medicines
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Homeopathic Medicines
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Chinese Medicines
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Aromatherapy
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Introduction
- Global Herbal Medicinal Products Market, By Dosage Form, 2016 – 2027, (US$ Mn)
- Introduction
- Market Share Analysis, 2019 and 2027 (%)
- Y-o-Y Growth Analysis, 2017 – 2027
- Segment Trends
- Syrups
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- In Hospital End Use
- Other End Use
- Tablets and Capsules
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Powders
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Introduction
- Global Herbal Medicinal Products Market, By Disease Indication, 2016 – 2027, (US$ Mn)
- Introduction
- Market Share Analysis, 2019 and 2027 (%)
- Y-o-Y Growth Analysis, 2017 – 2027
- Segment Trends
- Cough and Cold
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Bone Health
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Pain
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Allergy
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Bone Health
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Digestive Disease
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Thyroid Disorders
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Introduction
- Global Herbal Medicinal Products Market, By Distribution Channel, 2016 – 2027, (US$ Mn)
- Introduction
- Market Share Analysis, 2019 and 2027 (%)
- Y-o-Y Growth Analysis, 2017 – 2027
- Segment Trends
- Hospital Pharmacies
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Retail Stores
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Specialty Clinics and Stores
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- E-commerce
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Introduction
- Global Herbal Medicinal Products Market, By Region, 2016 – 2027, (US$ Mn)
- Introduction
- Market Share Analysis, By Region, 2016 and 2026 (%)
- Y-o-Y Growth Analysis, For Regions, 2017–2026
- North America
- Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Mn)
- Market Size and Forecast, By Dosage Form, 2016 – 2027, (US$ Mn)
- Market Size and Forecast, By Disease Indication, 2016 – 2027, (US$ Mn)
- Market Size and Forecast, By Distribution Channel, 2016 – 2027, (US$ Mn)
- Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
- U.S.
- Canada
- Latin America
- Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Mn)
- Market Size and Forecast, By Dosage Form, 2016 – 2027, (US$ Mn)
- Market Size and Forecast, By Disease Indication, 2016 – 2027, (US$ Mn)
- Market Size and Forecast, By Distribution Channel, 2016 – 2027, (US$ Mn)
- Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- Europe
- Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Mn)
- Market Size and Forecast, By Dosage Form, 2016 – 2027, (US$ Mn)
- Market Size and Forecast, By Disease Indication, 2016 – 2027, (US$ Mn)
- Market Size and Forecast, By Distribution Channel, 2016 – 2027, (US$ Mn)
- Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
- Germany
- U.K.
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Mn)
- Market Size and Forecast, By Dosage Form, 2016 – 2027, (US$ Mn)
- Market Size and Forecast, By Disease Indication, 2016 – 2027, (US$ Mn)
- Market Size and Forecast, By Distribution Channel, 2016 – 2027, (US$ Mn)
- Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East
- Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Mn)
- Market Size and Forecast, By Dosage Form, 2016 – 2027, (US$ Mn)
- Market Size and Forecast, By Disease Indication, 2016 – 2027, (US$ Mn)
- Market Size and Forecast, By Distribution Channel, 2016 – 2027, (US$ Mn)
- Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
- GCC
- Israel
- Rest of Middle East
- Africa
- Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Mn)
- Market Size and Forecast, By Dosage Form, 2016 – 2027, (US$ Mn)
- Market Size and Forecast, By Disease Indication, 2016 – 2027, (US$ Mn)
- Market Size and Forecast, By Distribution Channel, 2016 – 2027, (US$ Mn)
- Market Size and Forecast, By Country/Region, 2016 – 2027, (US$ Mn)
- South Africa
- Central Africa
- North Africa
- Introduction
- Competitive Landscape
- Heat Map Analysis
- Market Share Analysis
- Analyst Views
- Section
- References
- Research Methodology
- About Us and Sales Contact
Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients achieve transformational growth by helping them make critical business decisions. We are headquartered in India, having office at global financial capital in the U.S. and sales consultants in United Kingdom and Japan. Our client base includes players from across various business verticals in over 150 countries worldwide. We pride ourselves in catering to clients across the length and width of the horizon, from Fortune 500 enlisted companies, to not-for-profit organization, and startups looking to establish a foothold in the market. We excel in offering unmatched actionable market intelligence across various industry verticals, including chemicals and materials, healthcare, and food & beverages, consumer goods, packaging, semiconductors, software and services, Telecom, and Automotive. We offer syndicated market intelligence reports, customized research solutions, and consulting services.
To know more about us, please visit our website – www.coherentmarketinsights.com
Contact:
Coherent Market Insights
1001 4th Ave, #3200 Seattle, WA 98154, U.S.
Email: sales@coherentmarketinsights.com
United States of America: +1-206-701-6702
United Kingdom: +44-020-8133-4027
Japan: +050-5539-1737
India: +91-848-285-0837
Editor Details
-
Company:
- CDN Newswire
