Press release
OTC Herbal and Traditional Medicines Market: Competitive Dynamics & Global Outlook 2023
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.
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Global OTC Herbal and Traditional Medicines Market: Forecast by Type / Application / Region
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%.
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.
According to this study, over the next five years the OTC Herbal and Traditional Medicines market will register a 2.7% CAGR in terms of revenue, the global market size will reach US$ 151700 million by 2024, from US$ 132800 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in OTC Herbal and Traditional Medicines business, shared in Chapter 3.
Global OTC Herbal and Traditional Medicines Market: Key Players
Tsumura
Schwabe
Madaus
Weleda
Blackmores
Arkopharma
SIDO MUNCUL
Arizona Natural
Dabur
Herbal Africa
Nature’s Answer
Bio-Botanica
Potter’s
Zand
Nature Herbs
Imperial Ginseng
Yunnan Baiyao
Tongrentang
TASLY
Zhongxin
Kunming Pharma
Sanjiu
JZJT
Guangzhou Pharma
Taiji
Haiyao
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Related Information:
United States OTC Herbal and Traditional Medicines Market Research Report 2018
Europe OTC Herbal and Traditional Medicines Market Research Report 2018
North America OTC Herbal and Traditional Medicines Market Research Report 2018
Asia-Pacific OTC Herbal and Traditional Medicines Market Research Report 2018
China OTC Herbal and Traditional Medicines Market Research Report 2018
EMEA OTC Herbal and Traditional Medicines Market Research Report 2018
Global OTC Herbal and Traditional Medicines Market Research Report 2018
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