Herbal Medicines Market Value Expected to Surpass by 2023 : Allied Market Research

Herbal medicine is a type of dietary supplement extracted from other parts of plants such as leaves, bark, seeds, fruits and roots. Herbal medicines are available in a variety of dosage forms such as tablets, extracts, dry plants and others.

As the prevalence of liver and heart disease increases, the market grows. However, the low perception among individuals about the use and dosage of Chinese medicine inhibits market growth. In addition, recent technological advances in the medical field and increased investment in research and development create opportunities for key market participants.

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The global herbal medicines market is segmented based on product type, application, and geography. Based on product type, the market is divided into medicinal part, medicine function, and active ingredient. Based on application, the market is classified into western herbalism, traditional Chinese medicine, and others. By geography, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Comprehensive competitive analysis and profiles of major market players such as Bio-Botanica Inc., Blackmores, Dabur Ltd., Guangzhou Pharma Co, Haiyao Co., Ltd., Genius Nature Herbs Pvt Ltd, Nature's Answer, Inc., Potter's Herbals, PT Industri Jamu and Pharmaceutical Sido Muncul, and Tbk, Sanjiu Medical & Pharmaceutical Co., Ltd. are also provided in the report.

Key Benefits Herbal Medicines Market:

• This report provides an extensive analysis of the current and emerging market trends and dynamics in the global herbal medicines market.
• In-depth analysis is conducted by constructing market estimations for key market segments between 2017 and 2023.
• This study that evaluates the competitive landscape and value chain is taken into account to help understand the competitive environment globally.
• Comprehensive analysis of factors that drive and restrict the growth of the market is provided.
• This report provides the quantitative analysis of the current market and estimations from 2017 to 2023, which assists to identify the prevailing market opportunities.
• Comprehensive analysis of all regions is provided that determines the prevailing opportunities in these regions.

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