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Expanding events of breathing issues, lung sicknesses and respiratory parcel diseases among individuals, developing geriatric populace, expanding utilization of smoke and other harmful substances that reason breathing issues just as developing necessity of new gadgets and frameworks to treat the steadily expanding populace are the central point that are adding to the extension of the global halal pharmaceutical market throughout the next few years. Further, expanding frequencies of ongoing infections and ailments that require activities and medical procedures of the patients to do insignificantly intrusive medical procedures on the patients are additionally adding to the extension of the global halal pharmaceutical market over the gauge time span.Further, high birth expectancy of the Muslim women and residence of the Muslims in non Islamic countries are further fueling the market growth.
The global halal pharmaceutical market was valued at USD 93.96 billion in 2018, and is expected to grow at a CAGR of 9.4% during the forecast period.
Further, high selection of innovation and its execution in a few areas inferable from developing rivalries and need to offer advantageous and legitimate types of assistance to the patients are further energizing the global halal pharmaceutical market development in the coming years. Further, rising interests in the medical care industry to offer better framework and gear to individuals just as expanding innovative work offices to offer better nature of medications and different therapies are further setting out open doors for the extension of the global halal pharmaceutical market in the coming years.
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Rising spread of the Covid contamination has expanded the prerequisite of breathing gadgets due to the respiratory and lung issues looked by the patients experiencing the disease having a danger of lethal, which is making a lack of these gadgets just as different types of gear like emergency clinics, beds, ventilators, which is in this manner making a positive effect on the development of the global halal pharmaceutical market in the coming years.
Further, rising maturing populace just as unfortunate way of life of the people is further setting out open doors for the business development throughout the next few years. Moreover, rise in the number of diseases as well as increase in number of drugs due to the advancements in technologies and rising usage of new equipments that are used in the pharmaceutical industries due to the rising number of drugs and devices are also creating opportunities for the growth of global halal pharmaceutical market in the coming years.
Based on product overview, the global halal pharmaceutical market is segmented into capsules, tablets, syrups, and others. In reference to the regional landscape, the global halal pharmaceutical market is segmented into China, Egypt, Sweden, Chile, Indonesia, Australia, Malaysia, Saudi Arabia, Belgium, UAE, Netherlands, India, France, USA, Switzerland, South UK, China, Europe, Thailand, Columbia, Spain, Italy, Nigeria, Sweden, Egypt, Canada, Turkey, Korea, United States, Philippines, Chile, Australia, Poland, Germany, and rest of the world.
Some of the major players operating in this industry are Duopharma Biotech Berhad, Chemical Company of Malaysia Berhad, Pharmaniaga Bhd, Simpor Pharma Sdn Bhd, EMBIL Pharmaceutical Co., Ltd., Nutramedica Incorporated, Halal Pharma International Ltd, Hovid Bhd, Bosch Pharmaceuticals (Pvt.) Ltd. among other prominent players.
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Key Segments of the Global Halal pharmaceuticals Market
Drug Class Overview, 2015-2025 (USD Billion)
Respiratory drugs
Cardiovascular drugs
Endocrine drugs
Pain medications
Allergies (cough & cold)
Others
Product Overview, 2015-2025 (USD Billion)
Tablets
Syrups
Capsules
Others
Source Material Overview, 2015-2025 (USD Billion)
Plant and plant derivatives
Animals (compliant under religious laws)
Synthetic and semi-synthetic source
Recombinant DNA (rDNA)
Regional Overview, 2015-2025 (USD Billion)
North America
U.S.
Rest of North America
Europe
Germany
UK
France
Russia
Turkey
Rest of Europe
Asia Pacific
China
Malaysia
Japan
Rest of Asia Pacific
Central & South America
Brazil
Rest of Central & South America
Middle East & Africa
GCC
Rest of Middle East & Africa
Some Major Points from Table of Contents:
Chapter 8 Company Profiles
8.1 Chemical Company of Malaysia Berhad
8.1.1 Company overview
8.1.2 Financial performance
8.1.3 Recent developments
8.2 Pharmaniaga Bhd
8.2.1 Company overview
8.2.2 Product offerings
8.2.3 Financial performance
8.2.4 Recent developments
8.3 Simpor Pharma Sdn Bhd
8.3.1 Company overview
8.3.2 Product offerings
8.3.3 Financial performance
8.4 EMBIL Pharmaceutical Co., Ltd.
8.4.1 Company overview
8.4.2 Product offerings
8.5 Nutramedica Incorporated
8.5.1 Company overview
8.5.2 Product offerings
8.6 Halal Pharma International Ltd.
8.6.1 Company overview
8.6.2 Product offerings
8.6.3 Financial performance
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