Herbal medicine--also called botanical medicine or phytomedicine refers to using a plant's seeds, berries, roots, leaves, bark, or flowers for medicinal purposes. Herbalism has a long tradition of use outside of conventional medicine. It is becoming more mainstream as improvements in analysis and quality control along with advances in clinical research show the value of herbal medicine in the treating and preventing disease.
Herbal medicine industry is dispersive relatively. Currently, there are many producing companies in the world herbal medicine industry. The main market players are Tsumura, Schwabe, Madaus, Yunnan Baiyao, Tongrentang and TASLY. The sales of herbal medicine increase to 763382 MT in 2018 from 636621 MT in 2013 with average growth rate of 3.70%.
Herbal medicine has many types, which include detoxification medicine, antipyretic medicine, Digestant medicine, blood circulation medicine, and others. With fewer side effects of herbal medicine treatment, it will be more and more popular. So, herbal medicine has a huge market potential in the future.
The report offers detailed coverage of OTC Herbal and Traditional Medicines industry and main market trends. The market research includes historical and forecast market data, demand, application details, price trends, and company shares of the leading OTC Herbal and Traditional Medicines by geography. The report splits the market size, by volume and value, on the basis of application type and geography.
The report forecast global OTC Herbal and Traditional Medicines market to grow to reach xxx Million USD in 2020 with a CAGR of xx% during the period 2021-2025.
First, this report covers the present status and the future prospects of the global OTC Herbal and Traditional Medicines market for 2015-2025.
And in this report, we analyze global market from 5 geographies: Asia-Pacific[China, Southeast Asia, India, Japan, Korea, Western Asia], Europe[Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland], North America[United States, Canada, Mexico], Middle East & Africa[GCC, North Africa, South Africa], South America[Brazil, Argentina, Columbia, Chile, Peru].
Key Companies
Tsumura
Schwabe
Madaus
Weleda
Blackmores
Arkopharma
SIDO MUNCUL
Arizona Natural
Dabur
Herbal Africa
Nature\'s Answer
Bio-Botanica
Potter\'s
Zand
Nature Herbs
Imperial Ginseng
Yunnan Baiyao
Tongrentang
TASLY
Zhongxin
Kunming Pharma
Sanjiu
JZJT
Guangzhou Pharma
Taiji
Haiyao
At the same time, we classify OTC Herbal and Traditional Medicines according to the type, application by geography. More importantly, the report includes major countries market based on the type and application.
Market Segment as follows:
Market by Order Type
OTC Herbal
Traditional Medicine
Market by Application
Detoxification Medicine
Antipyretic Medicine
Digestive Medicine
Blood Circulation Medicine
By Region
Asia-Pacific[China, Southeast Asia, India, Japan, Korea, Western Asia]
Europe[Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland]
North America[United States, Canada, Mexico]
Middle East & Africa[GCC, North Africa, South Africa]
South America[Brazil, Argentina, Columbia, Chile, Peru]
The research provides answers to the following key questions:
• What is the estimated growth rate and market share and size of the OTC Herbal and Traditional Medicines market for the forecast period 2021 - 2025?
• What are the driving forces in the OTC Herbal and Traditional Medicines market for the forecast period 2021 - 2025?
• Who are the prominent market players and how have they gained a competitive edge over other competitors?
• What are the market trends influencing the progress of the OTC Herbal and Traditional Medicines industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the market hold for the prominent market players?