Sales of Herbal Medicinal Products to Decelerate in 2020 as COVID-19 Pandemic Takes its Toll on Global Market
The global herbal medicinal products market is anticipated to grow consistently. This market is expected to show significant growth in the Asia Pacific region during the forecast period i.e., between 2017 and 2027. For the further development of the market, manufacturers need to invest more in research and development of the products and increase their product portfolio. Partnership and mergers are equally important for manufacturers to sustain in the global herbal medicinal products market. These two elements are not only expected to increase the product portfolio but will also be able to help companies attain a strong market presence across the globe. Our new publication titled “Herbal Medicinal Products Market: Global Industry Analysis (2012-2016) and Opportunity Assessment (2017-2027)” highlights the innovations, opportunities and the reasons for saturation in this highly penetrated market. The market is categorized into four segments namely, by product type, distribution channel, region and form. While inspecting the global herbal medicinal products market in detail, our analysts have carried out a value chain analysis to describe how raw material supply is sent to the distribution channels for processing once it comes to manufacturers. The processed raw materials are then sent to hospitals, clinics and pharmacies.
Market Sizing Factors and Assumptions
We have considered market consolidation activities such as merger and acquisition, collaborations, partnerships, license agreements, patent transfer, which may influence the market growth over a forecast period. Capital expenditure on healthcare infrastructure in the developing economies is also a factor which is expected to drives the market. It also rules out impact of extreme events in specific countries. Regulatory impositions such as the rules and regulations by the various regulatory authorities such as U.S. Food and Drug Administration and European Commission could affect the market. Currency fluctuations and changing taxation policies would have a significant impact on forecasting of herbal medicinal products market over the forecast period.
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We have profiled some of the key players in the global herbal medicinal products market across the globe to get a clear picture of the current scenario of partnerships and acquisitions in the global herbal medicinal products market. While studying these top vendors in the market we put these companies under the scanners of recent development, various financial strategies, SWOT analysis, key ratios and performance overview in the last few years. Regulatory scenario, standards and levels of barrier protection and the classifications by level have been considered while inspecting the global herbal medicinal products market. Year-on-Year growth and absolute $ opportunity has been evaluated for every segment along with market attractiveness analysis. In another section, we have covered the dynamics of the global herbal medicinal products market for a period of 10-years. These dynamics include supply and demand side drivers, macro-economic drivers, restraints, opportunities and trends. Apart from all these factors, introduction, definitions and market taxonomy have been covered in this report in detail.
|Product Type||Form||Distribution Channel||Region|
Oils and Ointment
Mail Order Pharmacies
Asia Pacific Ex. Japan
Middle East and Africa (MEA)
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Future Market Insights is committed to offering a comprehensive report to our clients that incorporates in-depth secondary research to ascertain overall market size, top industry players and products. Our report on the global herbal medicinal products market delivers key industry insights and information in an easy-to-understand format. Our expert team of analysts has conducted extensive interviews with industry players, experts, retailers and distributors to obtain deeper insights into the global market for herbal medicinal product. We have considered indicators such as R&D expenditure and research funding from government and non-profit organizations to arrive at the indicated market numbers. Further, the historical consumption trend has been analyzed to track market data. The bottom-up approach has been used to assess market numbers for each product category, while top-down approach has been used to counter-validate the reached market numbers.