Rising Demand for Botanical Drug Market Key Players, Growth Analysis during 2022-2028

The global botanical drug market is anticipated to grow at a considerable CAGR of 7.2% during the forecast period (2022-2028). Product innovations coupled up with leading advancements in the botanical drug are anticipated to drive the market in the coming years. For instance, in January 2022, Synergy Flavors, Inc., has extended its R&D laboratories and other collaborative spaces at its Wauconda, Illinois headquarters. This expansion of the company is considered as a part of an organic growth plan to keep up with the high-growing and collaboration needs of both staff and customers.

In August 2020, Sun pharmaceuticals launched Flugard tablets at a very economical price of $0.46 for the treatment of mild to moderate cases of COVID-19 in India, along with this the company had also initiated a phase II clinical trial on AQCH, a phytopharmaceutical (plant-derived) drug for the treatment of COVID-19.

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The rise in diseases across the globe is considered as a major driver for the growth in the botanical drug market. Botanical medications are made from plants that have therapeutic properties. Algae and vegetable components, along with microscopic fungus, are found in botanical medications that support in providing the finest treatment. Botanical and plant-derived medications are used to treat a variety of conditions, including CNS disorders, infectious diseases, cardiovascular diseases, and respiratory diseases. Additionally, botanical and plant-derived medications come in a variety of formats, including pills, tablets, and injections. Plant-derived medications include atropine, aescin, and berberine.

Market Coverage

• The market number available for - 2021-2028

• Base year- 2021

• Forecast period- 2022-2028

Segment Covered-

• By Source

• By Dosage form

• By Therapeutic application

Regions Covered-

· North America

· Europe

· Asia-Pacific

· Rest of the World

Competitive Landscape- Blue sky Botanics LTD., Ransom Naturals LTD., Prinova Group LLC., PT Indesso Aroma, Synergy Flavours, Inc. and others.

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Global Botanical Drug Market Report Segment

By Source

· Plants

· Algae

· Macroscopic fungi

By Dosage form

• Tablets

• Injection

• Pills

By Therapeutic application

• Central Nervous System

• Cardiovascular Diseases

• Respiratory Diseases

• Others

Global Botanical Drug Market Report Segment by Region

North America

· United States

· Canada

Europe

· UK

· Germany

· Spain

· France

· Italy

· Rest of Europe

Asia-Pacific

· India

· China

· Japan

· South Korea

· Rest of APAC

Rest of the World

· Latin America

· Middle East & Africa

Company Profiles

· Abbott

· Bayer AG

· Boehringer Ingelheim International GmbH.

· Bristol-Mayers Squibb Co.

· Cardax, Inc.

· Hutchmed

· Chong Kun Dang pharmaceutical Corp.

· Eli Lilly and Co.

· Galapagos NV

· GlaxoSmithKline plc

· Glenmark

· HeteroGeneity, LLC

· Indena S.p.A.

· Indus biotech

· Inmed pharmaceuticals Inc.

· Leo Pharma A/S

· Lupin

· Sun Pharmaceutical Industries Ltd.

· Sanofi

· Vedic Lifesciences

· Rottapharm Biotech

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