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Global Herbal Medicine Market Industry Analysis & Forecast 2018-2023

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Global Herbal Medicine Market Industry Analysis & Forecast 2018-2023

Global Herbal Medicine Market is estimated to exhibit a substantial growth in the near future owing to rising applications and widening up of the scope across varied sectors. Herbal medicine incorporates usage of berries, roots, leaves, seeds, bark, or flowers of varied plants and trees for medical purposes. It is also popularly known as phytomedicine or botanical medicine. Herbal medicine has been in use since very long time.

The most striking aspects associated with the herbal medicine are economical nature, lower side effects, and better safety level. It is anticipated that the market would undergo huge improvements in analysis and quality control. Also, many clinical researches have been carried out to determine the importance of herbal medicine in the treatment and prevention of a disease. 

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Increasing aging population, augmented consumer awareness, lower side effects, product innovations, and soaring prices of modern medicinal system have been recognized as the key factors that are expected to drive the Herbal Medicine Market growth in the forthcoming period. Moreover, occurrences of liver and heart diseases, technological innovations, rise in the R&D investment, and robust growth of the healthcare sector might contribute to the market growth in the years to follow.

Shortage of research and standardization, and improper implementations of regulations might hamper the growth of the market. Lower awareness level among the consumers regarding the usage of the medicines might act as a major restraint to the market growth in the near future.

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The Herbal Medicine market can be categorized based on product type, application and geography. The market can be analyzed based on the product type as Medicine Function, Medicinal part, and Active Ingredient. The market can also be explored based on the dosage forms including tablets, dried plants, and extracts. The key applications associated with Herbal Medicine may entail Traditional Chinese Medicine, and Western Herbalism.

Geographically, Asia Pacific has been outshining the Herbal Medicine market and will continue to dominate the market share in the near future. The factors that could be accredited to the market growth may entail rising dependency of the consumers on the herbal medicines for primary healthcare, rising demands, and increasing concerns towards safer heath care.

 

Some of the prominent companies that promote the Herbal Medicine Market are Potter’s, Zand, Nature Herbs, Imperial Ginseng, Tsumura, Madaus, Schwabe,  Weleda, Blackmores, Arkopharma, SIDO MUNCUL, Arizona Natural, Dabur, Herbal Africa,  Yunnan Baiyao, Bio Botanica, TASLY, and others. Also, Tongrentang, and Nature’s Answer have emerged as the key manufacturers in the market. The leading manufacturers are taking up various strategies such as partnerships, mergers and acquisitions, and joint ventures to boost the inorganic market growth.

In the Global Herbal Medicine Industry Market Analysis & Forecast 2018-2023, the revenue is valued at USD XX million in 2017 and is expected to reach USD XX million by the end of 2023, growing at a CAGR of XX% between 2018 and 2023. The production is estimated at XX million in 2017 and is forecasted to reach XX million by the end of 2023, growing at a CAGR of XX% between 2018 and 2023.
It covers Regional Segment Analysis, Type, Appliction, Major Manufactures, Industry Chain Analysis, Competitive Insights and Macroeconomic Analysis.


Global Herbal Medicine Market: Regional Segment Analysis

  • North America
  • Europe
  • China
  • Japan
  • Southeast Asia
  • India

The Major players reported in the market include:

  • Tsumura
  • Schwabe
  • Madaus
  • Weleda
  • Blackmores
  • Arkopharma
  • company 7
  • company 8
  • company 9
    ...

Global Herbal Medicine Market: Product Segment Analysis

  • Western Herbalism
  • Traditional Chinese Medicine
  • Others
     

Global Herbal Medicine Market: Application Segment Analysis

  • Dietary supplement
  • Medicine
  • Others

Reasons for Buying this Report

This report provides pin-point analysis for changing competitive dynamics
It provides a forward looking perspective on different factors driving or restraining market growth
It provides a six-year forecast assessed on the basis of how the market is predicted to grow
It helps in understanding the key product segments and their future
It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments.

 

Key topics covered in this report

  • Chapter 1 Herbal Medicine Market Overview
  • Chapter 2 Global Economic Impact on Herbal Medicine Industry
  • Chapter 3 Global Herbal Medicine Market Competition by Manufacturers
  • Chapter 4 Global Herbal Medicine Production, Revenue (Value) by Region (2013-2018)
  • Chapter 5 Global Herbal Medicine Supply (Production), Consumption, Export, Import by Regions (2013-2018)
  • Chapter 6 Global Herbal Medicine Production, Revenue (Value), Price Trend by Type
  • Chapter 7 Global Herbal Medicine Market Analysis by Application
  • Chapter 8 Global Herbal Medicine Manufacturers Analysis
  • Chapter 9 Herbal Medicine Manufacturing Cost Analysis
  • Chapter 10 Industrial Chain, Sourcing Strategy and Downstream Buyers
  • Chapter 11 Marketing Strategy Analysis, Distributors/Traders
  • Chapter 12 Market Effect Factors Analysis
  • Chapter 13 Global Herbal Medicine Market Forecast (2018-2023)

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