(MENAFN - iCrowdNewsWire) Herbal Medicine Consumption Market report 2018-2023 begins from overview of Industry Chain structure, and describes industry environment, then analyses market size and forecast of Herbal Medicine by product and application, in addition, this report introduces market competition situation among the vendors and company profile, besides, market price analysis and value chain features are covered in this report.
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.
Traditional herbal medicines are naturally occurring, plant-derived substances with minimal or no industrial processing that have been used to treat illness within local or regional healing practices.
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%.
In consumption market, Europe and Asia Pacific are the mainly consumption regions due to the bigger demand of downstream applications. In 2017, these two regions occupied 72.36% of the global consumption volume in total.
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.
Over the next five years, Herbal Medicine will register a 8.0% CAGR in terms of revenue, reach US$ 1980300 million by 2023, from US$ 1250700 million in 2017.
This report presents a comprehensive overview, market shares, and growth opportunities of Herbal Medicine market by product type, application, key manufacturers and key regions.
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Segmentation by product type:
Segmentation by application:
Traditional Chinese Medicine
This report also splits the market by region:
Middle East & Africa
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report:
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In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
To study and analyze the global Herbal Medicine consumption (value & volume) by key regions/countries, product type and application, history data from 2013 to 2017, and forecast to 2023.
To understand the structure of Herbal Medicine market by identifying its various subsegments.
Focuses on the key global Herbal Medicine manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Herbal Medicine with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Herbal Medicine submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
Table of Contents – Snapshot
1 Scope of the Report
2 Executive Summary
3 Global Herbal Medicine by Players
4 Herbal Medicine by Regions
8 Middle East & Africa
9 Market Drivers, Challenges and Trends
10 Marketing, Distributors and Customer
11 Global Herbal Medicine Market Forecast
12 Key Players Analysis
13 Research Findings and Conclusion
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