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.
Herbal Drugs Market: Drivers and Restraints
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. 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.
Herbal Drugs Market: Segmentation
The global herbal drugs market is classified on the basis of form, source, indication, distribution channel and region.
Based on form herbal drugs market is segmented into following:
Based on source herbal drugs market is segmented into following:
Based on indication herbal drugs market is segmented into following:
- Cardiovascular Disorders
- Digestive Disorders
- Respiratory Disorders
- Orthopedic Disorders
Based on distribution channel herbal drugs market is segmented into following:
- Hospital Pharmacies
- Retail Pharmacies
- Online Pharmacies
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Herbal Drugs Market: Overview
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.
Herbal Drugs Market: Regional Overview
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.
Herbal Drugs Market: Key Players
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 covers exhaust analysis on:
- Market Segments
- Market Dynamics
- Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Value Chain
Regional analysis for Herbal Drugs Market includes:
- North America (U.S., Canada)
- Latin America (Mexico. Brazil)
- Western Europe (Germany, Italy, France, U.K, Spain)
- Eastern Europe (Poland, Russia)
- Asia Pacific excluding China & Japan (India, ASEAN, Australia & New Zealand)
- Middle East and Africa (GCC Countries, South. Africa, Northern Africa)
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.
Herbal Drugs Market Report Highlights:
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current, and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
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