PHILADELPHIA, Oct. 13, 2022 (GLOBE NEWSWIRE) -- Successful Completion of a Qualitative Research Study by Data Bridge Market Research titled “Herbal Medicinal Products Market” with 100+ market data Tables, Pie Charts, Graphs & Figures spread through Pages and easy-to-understand detailed analysis. Every doable effort has been made when research and analysis are performed to organize the Herbal Medicinal Products market research report. This market document makes to thrive in the competitive market by giving knowhow of consumer demands, preferences, attitudes and changing tastes about the specific product. This is the promising and most suitable market research report for the clients. In addition to detailing about the competitive landscape of the key players, the leading Herbal Medicinal Products report also offers a complete and distinct analysis of the market drivers and restraints, a detailed analysis of the market segmentation, key developments in the market, and details of research methodology.
Data Bridge Market Research analyses that the herbal medicinal products market is expected to reach a value of USD 177.65 billion by the year 2029, at a CAGR of 6.83% during the forecast period. The rising prevalence of chronic diseases, combined with increased awareness of the benefits of herbal medicines over allopathic medicines, has increased the demand for herbal medicinal products.
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Herbal medicinal products are those that contain ingredients derived from plants and natural resources. Herbal medicinal products are sold in the market as tablets, capsules, powders, teas, and fresh and dried plants. Because these medicines are derived from nature, they have no negative or side effects on the body. Herbal medicinal products are safe to use and improve an individual's health and organ function. However, if consumed incorrectly and in excess, even herbal medicinal products can be harmful to the body.
The number of adverse effects caused by the use of allopathic medicines is rapidly increasing, which is a major source of concern among the world's growing population. This has increased the use of herbal medicinal preparations in a variety of industries, including pharmaceuticals, supplements, and others. Numerous products with herbal components that provide medicinal properties are being widely released. As a result, from a commodity standpoint, the global herbal medicinal products market is being propelled magnanimously by such commodities as well.
Increased positive outcomes of aesthetic treatment and increased awareness of aesthetic procedures can open up new opportunities to expand the herbal medicinal products market during the forecast period.
Some of the major players operating in the Herbal Medicinal Products market are:
- Moderna, Inc. (MA)
- PERSONALIS INC. (US)
- GENOCEA BIOSCIENCES, INC (US)
- CureVac AG (Germany)
- CELLDEX THERAPEUTICS (US)
- BIONTECH SE (Rhineland-Palatinate)
- Advaxis, Inc. (US)
- Agenus Inc. (US)
- Immatics Biotechnologies GmbH (Germany)
- Gritstone Oncology (US)
- NantKwest, Inc. (US)
- bioMérieux SA (France)
- Bayer AG (Germany)
- Pfizer Inc. (US)
- GlaxoSmithKline plc (UK)
- F. Hoffmann-La Roche Ltd. (Switzerland)
- Merck & Co., Inc. (US)
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Important Facts about Herbal Medicinal Products Market Report:
- The Herbal Medicinal Products research report reveals this business overview, product overview, market share, demand and supply ratio, supply chain analysis, and import/export details
- The Industry report captivates different approaches and procedures endorsed by the market key players to make crucial business decisions
- This research presents some parameters such as production value, marketing strategy analysis, Distributors/Traders and effect factors are also mentioned
- The historical and current data is provided in the report based on which the future projections are made and the industry analysis is performed
- The import and export details along with consumption value and production capability of every region is mentioned in the report
- Porter’s five forces analysis, value chain analysis, SWOT analysis are some additional important parameters used for the analysis of market growth
- The report provides the clients with the facts and figures about the market on the basis of evaluation of the industry through primary and secondary research methodologies
Market Dynamics: Herbal Medicinal Products Market
- The rise in the awareness of negative effects of allopathy medicines
The growing awareness of the negative effects of allopathic medicines and the benefits of herbal medicinal products has resulted in an increase in their demand. Another factor influencing market growth is the growing population, which is accompanied by an increase in the prevalence of chronic diseases. Increased demand for naturally prepared medicines based on Ayurvedic and Unani teachings will fuel market growth.
- The increase in the demand of cost-effective medical ailments
Over the review period, the herbal medicinal products industry is expected to expand due to rising demand for a cost-effective cure for medical ailments such as digestive problems, kidney disorders, and flu. Herbal supplement products are also expected to boost market growth.
- Government investments for healthcare interoperability
The increase in the funding by the federal government to drive the adoption of these products further influence the market. Additionally, the surge in healthcare expenditure, advancements in healthcare infrastructure, and high demand for expanded care delivery positively affect the herbal medicinal products market.
Regional Analysis/Insights: Herbal Medicinal Products Market
The countries covered in the herbal medicinal products market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Europe dominates the herbal medicinal products market due to the prevalence of large pharmaceutical and medical industries. Government policies that are supportive of the market are also driving growth in this region. The Asia-Pacific region, on the other hand, is expected to have the highest compound annual growth rate during the forecast period. This is due to increased research and development capabilities in the direction of herbal medicinal products. This region's major contributors are India and China.
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Industry Segmentation:
By Product Type
- Homeopathic medicines
- Ayurvedic medicines
- Chinese medicines
- Aroma therapy products
By Source
- Barks
- Leaves
- Roots
- Fruits and vegetables
- others
By Application
- Food and beverages
- Pharmaceuticals
- Personal care
- Others
By Formulation Type
- Syrups
- powder
- Capsules
- Tablets
- Oils
- others
By Distribution channel
- Hospital pharmacies
- Retail pharmacies
- Online pharmacies
- others
By Function
- General wellness
- Cardiovascular health
- Gut and digestive health
- Cognitive health
- Others
Table of Contents:
- Introduction
- Market Segmentation
- Executive Summary
- Premium Insights
- Global Herbal Medicinal Products Market: Regulations
- Market Overview
- Global Herbal Medicinal Products Market, By Product Type
- Global Herbal Medicinal Products Market, By Source
- Global Herbal Medicinal Products Market, By Application
- Global Herbal Medicinal Products Market, By Function
- Global Herbal Medicinal Products Market, By Distribution Channel
- Global Herbal Medicinal Products Market, By Region
- Global Herbal Medicinal Products Market: Company Landscape
- SWOT Analyses
- Company Profile
- Questionnaires
- Related Reports
To Check the Complete Table Of contents, click here @ https://www.databridgemarketresearch.com/toc/?dbmr=global-herbal-medicinal-products-market
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