— Herbal Medicine Market 2019
Herbal medicine has long been in use, not only because of their efficiency in treating disease and curing the illness, but because they don’t have any long term side effect that generally affects the person when they are on medication for a long time. Unlike the allopathic medicines or other remedies that are made from chemicals and agents that perform relief to the patient but cause certain unavoidable side effects when given for a longer duration, the herbal medicine have no such risk. These remedies made from natural resources and plant parts are entirely natural and they have properties that make them a great resource for treating vast number of diseases.
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The market of herbal medicine has been on a rise since they outnumber allopathic medicine in terms of zero to minimal side effects on the organ system. These herbal medicines are also cheaper and readily available since they are made from the natural resources and they don’t need prescription that are compulsory in case of allopathic drugs. Another driving factor of herbal medicine market is the decreasing effectiveness of allopathic drugs in a lot of cases. Antibiotics are failing because the bacteria have developed resistance towards it.
The Global market is vast, with diversified number of products under different categories. These products can either be categorized on the basis of their type, or on the basis of how they are used by the end-users. When divided on the basis of type, they are of following types: Herbal Functional Foods, Herbal Pharmaceutical, Herbal Dietary Supplements, and Herbal Capsules and Tablets, Herbal Powder, Herbal Syrups and Herbal Extracts, Given the versatility of these product, the global market is expanded into several segments. When split on the basis of application, there are following categories in the global market: Herbal Medicine made from Leaves, Herbal Medicine made from Roots and Herbal Medicine made from Barks, Whole Plant and Fruit.
Market can be chiefly classified into five main regions, mainly Asia-Pacific, North America, South America, Africa, and Middle East region. In Africa, highest consumption is in Burkina Faso, Burundi, Algeria, Angola, Benin, Botswana, Cameroon, Chad, Comoros, Congo, the Democratic Republic of Congo, Cabo Verde, Central African Republic, Cote d'Ivoire, Djibouti, Equatorial Guinea, Gambia, Ghana, Guinea, Egypt, Eritrea, Ethiopia, Gabon, and Guinea-Bissau. In Middle-East region, highest demand for the product is in Egypt, Iraq, Algeria, Bahrain, Comoros, Lebanon, Libya, Mauritania, Djibouti, Jordan, Kuwait, Morocco, Eritrea, Ethiopia, Gabon, Oman, Palestine, Qatar, Tunisia, the Saudi Arabia, Somalia, Sudan, Syria, United Arab Emirates and Yemen.
As reported by a recent study published on space market, ZeinPharma Germany GmbH, is the top rated manufacturer and supplier of herbal medicine in the global market since they produce medicine for vast number of diseases and disorders including herbal medicine for Cardiovascular Disorders, herbal medicine for Respiratory Disorders, herbal medicine for Digestive Disorders and herbal medicine for Hypnotics and Sedatives.
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Table of Contents – Major Key Points
• Market Overview
• Manufacturers Profiles
• Global Herbal Medicine Sales, Revenue, Market Share and Competition by Manufacturer (2016-2017)
• Global Herbal Medicine Market Analysis by Regions
• North America Herbal Medicine by Countries
• Europe Herbal Medicine by Countries
• Asia-Pacific Herbal Medicine by Countries
• South America Herbal Medicine by Countries
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