Rising Number Of Chronic Disorder Among The People Is Behind The Robust Growth Of The Herbal Drugs Market
Herbal Drugs are the medicines which are derived from the plant extract, roots, leaves or flowers. Herbal drugs are basically are a type of dietary supplements. The culture of herbal drugs is very ancient and it comes from Chinese tradition. Doctor recommend the patients to consume herbal drugs to improve and maintain their health.
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Herbal Drugs Market: Segmentation
The global herbal drugs market is classified on the basis of form, source, indication, distribution channel and region.
Based on form herbal drugs market is segmented into following:
Based on source herbal drugs market is segmented into following:
Based on indication herbal drugs market is segmented into following:
- Cardiovascular Disorders
- Digestive Disorders
- Respiratory Disorders
- Orthopedic Disorders
Based on distribution channel herbal drugs market is segmented into following:
- Hospital Pharmacies
- Retail Pharmacies
- Online Pharmacies
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Herbal Drugs Market: Key Players
Some of the key players found across the value chain of Herbal Drugs are Himalaya Drug Company, Arkopharman, Blackmores Limited , Dr. Willmar Schwabe India Pvt. Ltd.., Madaus GmbH, Tsumura & Co., Ricola AG, Zandu Pharmaceutical Works Ltd, Hamdard Laboratories, Sheng Chang Pharmaceutical Company, Dabur, Baidyanath Group, Patanjali Ayurved Ltd., China Herbs Company (U.S.), Nutraceutical International Corporation, Syndy Pharma, Surya Herbal Ltd., and others.
Herbal Drugs Market: Regional Overview
Asia-Pacific is the most lucrative market for Herbal Drugs owing to high adoption of Ayurveda in China and India. After Asia-Pacific, Europe region will gain traction for the global herbal drugs market due to the rising number of ayurvedic companies are focusing to manufacture and launch the herbal drug.
Also, the availability of several retail pharmacies focused on herbal drugs in the U.K., Germany, and other European countries will gain traction for the herbal drugs market in Europe.
The people in the U.S. and Canada prefer the allopathic medicine over the herbal drug, hence the North America region will gain less traction for herbal drugs market. The Middle East & Africa and Latin America are the fastest growing region for the global herbal drugs market.
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