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.
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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 global OTC Herbal and Traditional Medicines market is valued at 132800 million US$ in 2018 and will reach 159800 million US$ by the end of 2025, growing at a CAGR of 2.7% during 2019-2025. The objectives of this study are to define, segment, and project the size of the OTC Herbal and Traditional Medicines market based on company, product type, end user and key regions.
This report studies the global market size of OTC Herbal and Traditional Medicines in key regions like North America, Europe, Asia Pacific, Central & South America and Middle East & Africa, focuses on the consumption of OTC Herbal and Traditional Medicines in these regions.
This research report categorizes the global OTC Herbal and Traditional Medicines market by top players/brands, region, type and end user. This report also studies the global OTC Herbal and Traditional Medicines market status, competition landscape, market share, growth rate, future trends, market drivers, opportunities and challenges, sales channels and distributors.
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The following manufacturers are covered in this report, with sales, revenue, market share for each company:
Market size by Product
Market size by End User
Blood Circulation Medicine
Market size by Region
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The study objectives of this report are:
To study and analyze the global OTC Herbal and Traditional Medicines market size (value & volume) by company, key regions, products and end user, breakdown data from 2014 to 2018, and forecast to 2025.
To understand the structure of OTC Herbal and Traditional Medicines market by identifying its various subsegments.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
Focuses on the key global OTC Herbal and Traditional Medicines companies, to define, describe and analyze the sales volume, value, market share, market competition landscape and recent development.
To project the value and sales volume of OTC Herbal and Traditional Medicines submarkets, with respect to key regions.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
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