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Herbal Medicine Market Size and Forecast, By Product, By Indication, and Trend Analysis, 2014-2024

  • ID: 4659575
  • Report
  • September 2017
  • Region: Global
  • 70 pages
  • Hexa Research
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FEATURED COMPANIES

  • Arizona Natural Products
  • Arkopharma
  • Bio Botanica, Inc.
  • Blackmores
  • Herbal Africa
  • Nature Herbs
  • MORE
“Herbal Medicine Market Size and Forecast, By Product (Tablets & Capsules, Powders, Extracts), By Indication (Digestive Disorders, Respiratory Disorders, Blood Disorders), and Trend Analysis, 2014-2024

The global herbal medicine market is expected to reach USD 117.02 billion by 2024, driven by rising popularity of herbal therapeutics compared to conventional drugs. The market for herbal medicines and remedies is anticipated to record profitable growth due to their cost-effectiveness as compared to allopathic ones.

In 2016, Europe was the largest market for traditional medicines, contributing to 40.8% of the share and is expected to retain its leadership during the forecast period due to shifting from conventional drugs to herbal products. Fewer side effects and low toxicity compared to allopathy products are expected to provide a competitive advantage over other medicines in the market. Additionally, ready acceptance of herbal products owing to its benefits is the key factor for market growth and is expected to play a significant role in future.

Increased preference of complementary and alternative medicine (CAM) among others has resulted in the growth of herbal medicines in Asia Pacific. Asia Pacific is expected to record the fastest CAGR of 6.8% over the forecast period. Furthermore, Europe is anticipated to generate maximum revenue over the forecast period due to increasing awareness created by various associations such as Association for Natural Medicine in Europe (AIME).

Concerning product segment, tablets & capsules are expected to witness the fastest growth owing to increasing acceptance of tablets over extracts and powders. Furthermore, properties such as high dose accuracy essential for optimum therapeutic effect will, in turn, promote the herbalism market growth. The extracts segment is expected to grow at a lucrative rate as they show an immediate therapeutic effect on administration.

For instance, in geriatric patients, extracts and other liquid dosage forms are preferred for administration as tablets show delayed therapeutic effect. Furthermore, extracts provide high potency as they possess only the active ingredients and no fillers which are present in tablets & capsules.

The rigorous focus on developing better extraction and purification techniques by herbal medicine manufacturers is expected to fuel the market. Furthermore, respective governments are also introducing several strategies to promote the uptake of herbal medicine market. For instance, in July 2017, the Chinese Ministry of Science and Technology invested USD 12.5 million for development of herbal treatments for the treatment of cancer and HIV/AIDS.
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FEATURED COMPANIES

  • Arizona Natural Products
  • Arkopharma
  • Bio Botanica, Inc.
  • Blackmores
  • Herbal Africa
  • Nature Herbs
  • MORE
Chapter 1. Market Summary
1.1. Market trends & movement

Chapter 2. Global Herbal Medicine Market Trends: Drivers & Opportunities
2.1. Introduction
2.2. Key industry trends
2.3. Market drivers
2.4. Market restraints
2.5. Value chain analysis
2.6. Porter's Five Forces analysis
2.7. SWOT

Chapter 3. Global Herbal Medicine Market Trends, By Product
3.1. Global herbal medicine market movement, by product, 2016 & 2024
3.1.1. Tablets & Capsules
3.1.1.1. Market estimates and forecast, 2014-2024 (USD Billion)
3.1.2. Powders
3.1.2.1. Market estimates and forecast, 2014-2024 (USD Billion)
3.1.3. Extracts
3.1.3.1. Market estimates and forecast, 2014-2024 (USD Billion)
3.1.4. Others
3.1.4.1. Market estimates and forecast, 2014-2024 (USD Billion)

Chapter 4. Global Herbal Medicine Market Trends, By Indication
4.1. Global herbal medicine market movement, by indication, 2016 & 2024
4.1.1. Digestive Disorders
4.1.1.1. Market estimates and forecast, 2014-2024 (USD Billion)
4.1.2. Respiratory Disorders
4.1.2.1. Market estimates and forecast, 2014-2024 (USD Billion)
4.1.3. Blood Disorders
4.1.3.1. Market estimates and forecast, 2014-2024 (USD Billion)
4.1.4. Others
4.1.4.1. Market estimates and forecast, 2014-2024 (USD Billion)

Chapter 5. Global Herbal Medicine Market Trends, By Region
5.1. Global herbal medicine market movement, by region, 2016 & 2024
5.1.1. North America
5.1.1.1. Market estimates and forecast, 2014-2024 (USD Billion)
5.1.1.2. Market estimates and forecast, by product, 2014-2024 (USD Billion)
5.1.1.3. Market estimates and forecast, by indication, 2014-2024 (USD Billion)
5.1.2. Europe
5.1.2.1. Market estimates and forecast, 2014-2024 (USD Billion)
5.1.2.2. Market estimates and forecast, by product, 2014-2024 (USD Billion)
5.1.2.3. Market estimates and forecast, by indication, 2014-2024 (USD Billion)
5.1.3. Asia Pacific
5.1.3.1. Market estimates and forecast, 2014-2024 (USD Billion)
5.1.3.2. Market estimates and forecast, by product, 2014-2024 (USD Billion)
5.1.3.3. Market estimates and forecast, by indication, 2014-2024 (USD Billion)
5.1.4. Central & South America
5.1.4.1. Market estimates and forecast, 2014-2024 (USD Billion)
5.1.4.2. Market estimates and forecast, by product, 2014-2024 (USD Billion)
5.1.4.3. Market estimates and forecast, by indication, 2014-2024 (USD Billion)
5.1.5. Middle East & Africa
5.1.5.1. Market estimates and forecast, 2014-2024 (USD Billion)
5.1.5.2. Market estimates and forecast, by product, 2014-2024 (USD Billion)
5.1.5.3. Market estimates and forecast, by indication, 2014-2024 (USD Billion)

Chapter 6. Key Country Markets
6.1. U.S.
6.1.1. Market estimates and forecast, 2014-2024 (USD Billion)
6.1.2. Market estimates and forecast, by product, 2014-2024 (USD Billion)
6.1.3. Market estimates and forecast, by indication, 2014-2024 (USD Billion)
6.2. Germany
6.2.1. Market estimates and forecast, 2014-2024 (USD Billion)
6.2.2. Market estimates and forecast, by product 2014-2024 (USD Billion)
6.2.3. Market estimates and forecast, by indication, 2014-2024 (USD Billion)
6.3. China
6.3.1. Market estimates and forecast, 2014-2024 (USD Billion)
6.3.2. Market estimates and forecast, by product, 2014-2024 (USD Billion)
6.3.3. Market estimates and forecast, by indication, 2014-2024 (USD Billion)
6.4. India
6.4.1. Market estimates and forecast, 2014-2024 (USD Billion)
6.4.2. Market estimates and forecast, by product, 2014-2024 (USD Billion)
6.4.3. Market estimates and forecast, by indication, 2014-2024 (USD Billion)

Chapter 7. Competitive Landscape
7.1. Competitive landscape analysis, 2016
7.2. Strategic framework
7.3. Potential customer base concentration
7.4. Company market positioning
7.5. Company profiles
7.5.1. TSUMURA & CO.
7.5.1.1. Company Overview
7.5.1.2. Product Benchmarking
7.5.1.3. Financial Performance
7.5.1.4. Recent Initiatives
7.5.2. Dr. Willmar Schwabe India Pvt. Ltd.
7.5.2.1. Company Overview
7.5.2.2. Product Benchmarking
7.5.2.3. Financial Performance
7.5.2.4. Recent Initiatives
7.5.3. Blackmores
7.5.3.1. Company Overview
7.5.3.2. Product Benchmarking
7.5.3.3. Financial Performance
7.5.3.4. Recent Initiatives
7.5.4. NATURE'S ANSWER
7.5.4.1. Company Overview
7.5.4.2. Product Benchmarking
7.5.4.3. Financial Performance
7.5.4.4. Recent Initiatives
7.5.5. Arkopharma
7.5.5.1. Company Overview
7.5.5.2. Product Benchmarking
7.5.5.3. Financial Performance
7.5.5.4. Recent Initiatives
7.5.6. Arizona Natural Products
7.5.6.1. Company Overview
7.5.6.2. Product Benchmarking
7.5.6.3. Financial Performance
7.5.6.4. Recent Initiatives
7.5.7. Herbal Africa
7.5.7.1. Company Overview
7.5.7.2. Product Benchmarking
7.5.7.3. Financial Performance
7.5.7.4. Recent Initiatives
7.5.8. Bio Botanica, Inc.
7.5.8.1. Company Overview
7.5.8.2. Product Benchmarking
7.5.8.3. Financial Performance
7.5.8.4. Recent Initiatives
7.5.9. Sidomuncul
7.5.9.1. Company Overview
7.5.9.2. Product Benchmarking
7.5.9.3. Financial Performance
7.5.9.4. Recent Initiatives
7.5.10. Nature Herbs
7.5.10.1. Company Overview
7.5.10.2. Product Benchmarking
7.5.10.3. Financial Performance
7.5.10.4. Recent Initiatives
7.5.11. List of other vendors

Chapter 8. Methodology and Scope
8.1. Research methodology
8.2. Research Scope & Assumptions
8.3. List of data sources

*List of Tables and Figures Available on Enquiry.
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  • TSUMURA & CO.
  • Dr. Willmar Schwabe India Pvt. Ltd.
  • Blackmores
  • NATURE'S ANSWER
  • Arkopharma
  • Arizona Natural Products
  • Herbal Africa
  • Bio Botanica, Inc.
  • Sidomuncul
  • Nature Herbs
Note: Product cover images may vary from those shown
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