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Botanical and Plant Derived Drugs Market: Industry Production, Sales and Consumption Status and Prospects Professional
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North America and Europe dominates the botanical and plant derived drugs market, due to rising awareness towards botanical and plant derived drugs and increasing prevalence of diseases. Moreover, technological advancement in production procedure of botanical is also supporting the growth of botanical and plant derived drugs in these regions. China and India are expected to show high growth rate due to increasing population, rising awareness towards botanical and plant derived drugs and increasing prevalence of chronic diseases.
Globally, increased usage of botanical drugs as an alternative to synthetic medicine and increasing prevalence of various chronic diseases are some of the major drivers for growth of botanical and plant derived drugs. In addition, low cost of botanical drugs and technological advancement in production procedure of botanical drugs are also supporting in growth of botanical and plant derived drugs market. However, stringent laws and regulations for approval of botanical drugs is a key restraint for botanical and plant derived drugs market.
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Moreover, increasing number of mergers and acquisitions by manufacturing companies is a key trend for botanical and plant derived drugs market.
Some of the major players operating in botanical and plant derived drugs market are Abbott Laboratories, Eli Lilly, Medigene, Pfizer, Lupin Ltd., Johnson & Johnson, Ranbaxy Laboratories Ltd., Novartis International AG, Glaxosmithkline and Leo Pharma.
Key points covered in the report
Report segments the market on the basis of types, application, products, technology, etc (as applicable)
The report covers geographic segmentation
North America
Europe
Asia
RoW
The report provides the market size and forecast for the different segments and geographies for the period of 2010 to 2020
The report provides company profiles of some of the leading companies operating in the market
The report also provides porters five forces analysis of the market.
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