Press release
Sales of Rhizoma Gastrodiae Tablets is Significantly high and expanding at 10% CAGR Unveils Fact.MR
The global rhizoma gastrodiae tablets market is poised to expand at over 10% CAGR during the 2021-2031 forecast period, according to a recently published report by award-winning consulting firm Fact.MR. Heavy emphasis on herbal-based and traditional medicines is anticipated to account for bulk of this expansion.Click HERE to Get Complete Synopsis of the Report- https://www.factmr.com/report/rhizoma-gastrodiae-tablets-market
Historically, the market accrued credible gains, expanding at just under 10% CAGR from 2016 to 2020. Prospects have been further heightened amidst the COVID-19 crisis, with several healthcare providers investigating the possibility of incorporating alternative medicine as an effective first-line treatment for severely infected patients.
As per the World Health Organization, maximum application has been in China, attributed to growing application of Traditional Chinese Medicine (TCM) to treat debilitating diseases such as severe acute respiratory syndrome (SARS). Furthermore, 4 out of 5 healthcare providers in key African countries have embedded alternative medicine as an effective therapy. Moreover, applications have also widened to treat various chronic disorders, including fatty liver.
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Key Market Segments Covered
Type
Gastrodia Elata F. Glauca Rhizoma Gastrodiae Tablets
G. Elata Bl. F. Elta Rhizoma Gastrodiae Tablets
Other Rhizoma Gastrodiae Tablets
Distribution Channel
Rhizoma Gastrodiae Tablets for Hospital Pharmacies
Rhizoma Gastrodiae Tablets for Retail Pharmacies
Rhizoma Gastrodiae Tablets for Online Pharmacies
Region
North America
U.S.
Canada
Latin America
Brazil
Mexico
Argentina
Rest of Latin America
Europe
Germany
U.K.
France
Spain
Italy
Rest of Europe
East Asia
China
Japan
South Korea
Rest of East Asia
South Asia
India
ASEAN
Rest of South Asia
Middle East & Africa
GCC
South Africa
Rest of MEA
Oceania
Australia & New Zealand
Rest of Oceania
To Get All-In Insights On the Regional Landscape of The Report Market, Buy Now:- https://www.factmr.com/checkout/6322
Key Takeaways from Market Study
Gastrodia elata f. glauca rhizoma gastrodiae tablet demand to expand at an impressive 10% CAGR
By distribution channel, retail pharmacies to account for maximum sales, expanding at a CAGR of approximately 15%
Sales of rhizoma gastrodiae tablets in the U.S. to generate approximately 40% of revenue, expanding at under 5% CAGR
China to remain the epicenter of market growth, yielding over 50% of total revenue
3 out 10 rhizoma gastrodiae tablet sales are expected across India, expanding at a CAGR of 9%
Market in the U.K. to emerge as a promising hub, poised to exhibit a CAGR of approximately 7% through 2031
“Prominent manufacturers of rhizoma gastrodiae tablets are likely to majorly incline towards key emerging economies across Asia and Africa, amid heightened scope of traditional medicine in key countries,”
concludes a Fact.MR analyst.
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Competitive Landscape
prominent rhizoma gastrodiae tablet manufacturers include*:
Zhaotong Huacheng Pharmaceuticals
Guangdong Luofu Shan National Pharmaceutical Co. Ltd.
Guizhou Bailing Group
Guangxi Changzhou Natural Pharmaceutical Co. Ltd.
Lanzhou Foci Pharmaceutical
Shaanxi Tianyang Pharmaceutical
Taiji Group Sichuan Mianyang Pharmaceutical
In June 2017, Beijing Tong Ren Tang Europe Holding B.V entered a strategic co-operation agreement with the Republic of Kazakhstan for establishing a Chinese Medical Center to further Chinese Medicine.
In November 2019, Tsumura & Co. concluded its Letter of Intent regarding Tianjin China Medico Technology Co. Ltd. to forge a capital alliance with the intention of expanding its business in Traditional Chinese Medicine and ensure stable supply of crude drugs.
Speak to Reasearch Analyst: https://www.factmr.com/connectus/sample?flag=AE&rep_id=6322
More Insights Available
Fact.MR, in its new offering, presents an unbiased analysis of the rhizoma gastrodiae tablets market, presenting historical demand data (2016-2020) and forecast statistics for the period of 2021-2031. The study divulges essential insights on the market on the basis of type (Gastrodia Elata F. Glauca, G. Elata Bl. F. Elata, and others) and distribution channel (hospital pharmacies, retail pharmacies, and online pharmacies), across seven major regions of the world (North America, Latin America, Europe, East Asia, South Asia, Oceania, and the Middle East & Africa).
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We have offices in US and Dublin, whereas our global headquarter is in Dubai.While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise.
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