June 24, 2024

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Herbal Medicine Market is rapidly expanding, with a CAGR

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Herbal Medicine Market

Herbal Medicine Market

𝐆𝐥𝐨𝐛𝐚𝐥 𝐇𝐞𝐫𝐛𝐚𝐥 𝐌𝐞𝐝𝐢𝐜𝐢𝐧𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐬𝐢𝐳𝐞 𝐚𝐧𝐝 𝐬𝐡𝐚𝐫𝐞 𝐢𝐬 𝐜𝐮𝐫𝐫𝐞𝐧𝐭𝐥𝐲 𝐯𝐚𝐥𝐮𝐞𝐝 𝐚𝐭 𝐔𝐒𝐃 𝟏𝟔𝟒.𝟐𝟐 𝐛𝐢𝐥𝐥𝐢𝐨𝐧 𝐢𝐧 𝟐𝟎𝟐𝟑 𝐚𝐧𝐝 𝐢𝐬 𝐚𝐧𝐭𝐢𝐜𝐢𝐩𝐚𝐭𝐞𝐝 𝐭𝐨 𝐠𝐞𝐧𝐞𝐫𝐚𝐭𝐞 𝐚𝐧 𝐞𝐬𝐭𝐢𝐦𝐚𝐭𝐞𝐝 𝐫𝐞𝐯𝐞𝐧𝐮𝐞 𝐨𝐟 𝐔𝐒𝐃 𝟖𝟕𝟗.𝟔𝟓 𝐛𝐢𝐥𝐥𝐢𝐨𝐧 𝐛𝐲 𝟐𝟎𝟑𝟐, 𝐚𝐜𝐜𝐨𝐫𝐝𝐢𝐧𝐠 𝐭𝐨 𝐭𝐡𝐞 𝐥𝐚𝐭𝐞𝐬𝐭 𝐬𝐭𝐮𝐝𝐲 𝐛𝐲 𝐏𝐨𝐥𝐚𝐫𝐢𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡. 𝐁𝐞𝐬𝐢𝐝𝐞𝐬, 𝐭𝐡𝐞 𝐫𝐞𝐩𝐨𝐫𝐭 𝐧𝐨𝐭𝐞𝐬 𝐭𝐡𝐚𝐭 𝐭𝐡𝐞 𝐦𝐚𝐫𝐤𝐞𝐭 𝐞𝐱𝐡𝐢𝐛𝐢𝐭𝐬 𝐚 𝐫𝐨𝐛𝐮𝐬𝐭 𝟐𝟎.𝟓% 𝐂𝐨𝐦𝐩𝐨𝐮𝐧𝐝 𝐀𝐧𝐧𝐮𝐚𝐥 𝐆𝐫𝐨𝐰𝐭𝐡 𝐑𝐚𝐭𝐞 (𝐂𝐀𝐆𝐑) 𝐨𝐯𝐞𝐫 𝐭𝐡𝐞 𝐟𝐨𝐫𝐞𝐜𝐚𝐬𝐭𝐞𝐝 𝐭𝐢𝐦𝐞𝐟𝐫𝐚𝐦𝐞, 𝟐𝟎𝟐𝟒 – 𝟐𝟎𝟑𝟐

Herbal medicine market is experiencing growth driven by a preference for natural products, rising health consciousness, cultural practices, regulatory support, an aging population, and concerns over synthetic drug side effects. Key applications include pharmaceuticals, dietary supplements, personal care, functional foods and beverages, and traditional medicine systems.

Opportunities exist in product innovation, emerging markets, e-commerce, integration with modern medicine, sustainability, and health and wellness trends. Challenges such as quality control, regulatory barriers, scientific validation, market fragmentation, adulteration, and consumer skepticism need to be addressed for sustained market growth.

𝐃𝐢𝐬𝐜𝐨𝐯𝐞𝐫 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬 𝐰𝐢𝐭𝐡 𝐨𝐮𝐫 𝐄𝐱𝐜𝐥𝐮𝐬𝐢𝐯𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭:

𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬:

The industry participants to drive business growth and develop their global footprint. Here is the list of the leading companies operating in the herbal medicine market:

• Arizona Natural Products

• Dasherb Corp

• Venus Pharma GmbH

• Himalaya Global Holdings Ltd.

• ZeinPharma Germany GmbH

• Schaper & Brümmer

• Hishimo Pharmaceuticals

• Blackmores Ltd.

• BEOVITA

• Bayer AG

• Dr. Willmar Schwable India Pvt. Ltd.

• Dabur

• Patanjali Ayurved Ltd

• Arkopharma

𝐌𝐚𝐫𝐤𝐞𝐭 𝐃𝐞𝐟𝐢𝐧𝐢𝐭𝐢𝐨𝐧:

Herbal medicine is the study of pharmacognosy and the use of therapeutic herbs, which are the cornerstones of traditional medicine. Pharmacological research carried out worldwide has led to the adaptation of several herbal medicines into modern therapies. One such example is the anti-malarial family of pharmaceuticals called artemisinin, which is produced from Artemisia annua.

This herb was used to cure fever in Chinese medicine. More scientific study is needed to establish the safety and effectiveness of many plants used in 21st-century herbalism, which typically lacks protocols for innocence or innocence. Herbal medicine sometimes makes use of minerals, shells, fungi, animal parts, and bee secretions.

𝐁𝐮𝐲 𝐍𝐨𝐰 𝐓𝐡𝐢𝐬 𝐏𝐫𝐞𝐦𝐢𝐮𝐦 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭𝐬:

𝐆𝐫𝐨𝐰𝐭𝐡 𝐃𝐫𝐢𝐯𝐞𝐫𝐬 𝐚𝐧𝐝 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐢𝐞𝐬:

• The increasing demand for biological medicines and the increasing funding for the development of traditional drugs will induce growth opportunities for the industry over the coming few years.

• The rising number of various types of diseases is anticipated to support the industry’s growth rate during the projection period. The comparatively low cost of these products and the ability to build high value for customers are primarily supporting the development of the market size.

𝐆𝐞𝐨𝐠𝐫𝐚𝐩𝐡𝐢𝐜𝐚𝐥 𝐋𝐚𝐧𝐝𝐬𝐜𝐚𝐩𝐞:

• North America (U.S., Canada)

• Europe (France, Germany, UK, Italy, Netherlands, Spain, Russia)

• Asia Pacific (Japan, China, India, Malaysia, Indonesia. South Korea)

• Latin America (Brazil, Mexico, Argentina)

• Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa)

𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰:

• The market is mainly segmented by category, form, source, distribution channel, and geographic region.

• According to the form analysis, herbs and plants can be processed and finished in numerous forms and patterns, thus making it possible to simulate a wide range of products. There is no standardization, and the components of traditional drugs may vary significantly between different manufacturers.

• Based on the category outlook, herbal pharmaceuticals held the largest market share of the herbal medicine market in 2019 because the growing number of aging people, along with increasing customer attention, is expected to escalate the segment size during the forecast period.

𝐁𝐫𝐨𝐰𝐬𝐞 𝐌𝐨𝐫𝐞 𝐃𝐞𝐭𝐚𝐢𝐥𝐬:

𝐇𝐞𝐫𝐛𝐚𝐥 𝐌𝐞𝐝𝐢𝐜𝐢𝐧𝐞 𝐂𝐚𝐭𝐞𝐠𝐨𝐫𝐲 𝐎𝐮𝐭𝐥𝐨𝐨𝐤 (𝐑𝐞𝐯𝐞𝐧𝐮𝐞, 𝐔𝐒𝐃 𝐁𝐢𝐥𝐥𝐢𝐨𝐧, 𝟐𝟎𝟏𝟓 – 𝟐𝟎𝟐𝟔)

• Herbal pharmaceuticals

• Herbal functional foods

• Herbal dietary supplements

• Herbal beauty products

𝐇𝐞𝐫𝐛𝐚𝐥 𝐌𝐞𝐝𝐢𝐜𝐢𝐧𝐞 𝐅𝐨𝐫𝐦 𝐎𝐮𝐭𝐥𝐨𝐨𝐤 (𝐑𝐞𝐯𝐞𝐧𝐮𝐞, 𝐔𝐒𝐃 𝐁𝐢𝐥𝐥𝐢𝐨𝐧, 𝟐𝟎𝟏𝟓 – 𝟐𝟎𝟐𝟔)

• Tablets & Capsules

• Powders

• Extracts

• Syrups

• Others

𝐇𝐞𝐫𝐛𝐚𝐥 𝐌𝐞𝐝𝐢𝐜𝐢𝐧𝐞 𝐒𝐨𝐮𝐫𝐜𝐞 𝐎𝐮𝐭𝐥𝐨𝐨𝐤 (𝐑𝐞𝐯𝐞𝐧𝐮𝐞, 𝐔𝐒𝐃 𝐁𝐢𝐥𝐥𝐢𝐨𝐧, 𝟐𝟎𝟏𝟓 – 𝟐𝟎𝟐𝟔)

• Leaves

• Roots and barks

• Fruits

• Whole plants

• Others

𝐇𝐞𝐫𝐛𝐚𝐥 𝐌𝐞𝐝𝐢𝐜𝐢𝐧𝐞 𝐅𝐨𝐫𝐦 𝐃𝐢𝐬𝐭𝐫𝐢𝐛𝐮𝐭𝐢𝐨𝐧 𝐂𝐡𝐚𝐧𝐧𝐞𝐥 (𝐑𝐞𝐯𝐞𝐧𝐮𝐞, 𝐔𝐒𝐃 𝐁𝐢𝐥𝐥𝐢𝐨𝐧, 𝟐𝟎𝟏𝟓 – 𝟐𝟎𝟐𝟔)

• Hospitals & Retail pharmacies

• E-commerce

𝐄𝐱𝐩𝐥𝐨𝐫𝐞 𝐖𝐢𝐝𝐞-𝐫𝐚𝐧𝐠𝐢𝐧𝐠 𝐂𝐨𝐯𝐞𝐫𝐚𝐠𝐞 𝐨𝐟 𝐏𝐌𝐑’𝐬 𝐇𝐞𝐚𝐥𝐭𝐡𝐜𝐚𝐫𝐞 𝐋𝐚𝐧𝐝𝐬𝐜𝐚𝐩𝐞:

𝐂𝐫𝐢𝐬𝐩𝐫 & 𝐂𝐚𝐬 𝐆𝐞𝐧𝐞𝐬 𝐌𝐚𝐫𝐤𝐞𝐭:

𝐇𝐨𝐬𝐩𝐢𝐭𝐚𝐥 𝐎𝐮𝐭𝐬𝐨𝐮𝐫𝐜𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭:

𝐓𝐫𝐚𝐧𝐬𝐩𝐥𝐚𝐧𝐭𝐚𝐭𝐢𝐨𝐧 𝐌𝐚𝐫𝐤𝐞𝐭:

𝐌𝐞𝐝𝐢𝐜𝐚𝐥 𝐃𝐞𝐯𝐢𝐜𝐞 𝐂𝐥𝐞𝐚𝐧𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭: https://www.polarismarketresearch.com/industry-analysis/medical-device-cleaning-market

𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬:

Polaris Market Research

Phone: +1-929-297-9727

Email: sales@polarismarketresearch.com

𝐀𝐛𝐨𝐮𝐭 𝐔𝐬:

Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for PMR’s clientele spread across different enterprises. We at Polaris are obliged to serve PMR’s diverse customer base present across the industries of healthcare, technology, semiconductors, and chemicals among various other industries present around the world. We strive to provide PMR’s customers with updated information on innovative technologies, high-growth markets, emerging business environments, and the latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced, and extremely qualified team of experts comprising SMEs, analysts, and consultants, we at Polaris endeavor to deliver value-added business solutions to PMR’s customers.

This release was published on openPR.

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