OTC Herbal and Traditional Medicines Market Market Study and Insights: (Report Pages- 113)
The global OTC Herbal and Traditional Medicines market size was valued at USD 138464.39 million in 2021 and is expected to expand at a CAGR of 5.38% during the forecast period, reaching USD 189578.69 million by 2027.
Herbal medicines are naturally derived medicines for treatment of various ailments. These generally represent medicines sourced from medicinal herbs, or, plants. Traditional medicines are sum of practices, skills, and knowledge based on experiences, beliefs, and theories indigenous to various cultures, used for prevention, and maintenance of health. Various types of herbal and traditional medicines include Chinese/oriental medicines, naturopathy, homeopathy, and Ayurveda.
The report combines extensive quantitative analysis and exhaustive qualitative analysis, ranges from a macro overview of the total market size, industry chain, and market dynamics to micro details of segment markets by type, application and region, and, as a result, provides a holistic view of, as well as a deep insight into the OTC Herbal and Traditional Medicines market covering all its essential aspects.
For the competitive landscape, the report also introduces players in the industry from the perspective of the market share, concentration ratio, etc., and describes the leading companies in detail, with which the readers can get a better idea of their competitors and acquire an in-depth understanding of the competitive situation. Further, mergers & acquisitions, emerging market trends, the impact of COVID-19, and regional conflicts will all be considered.
In a nutshell, this report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the market in any manner.
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The Major Players in the Industrial OTC Herbal and Traditional Medicines Market include:
Bio-Botanica, Inc.
Biovontrade SARL
The Himalayan Drug Company
The Bioforce Group
Nutra Green Biotechnology Co., Ltd.
Blackmores Limited
Amway Corporation
Ricola AG
Dabur India Ltd.
Jiaherb Inc.
Medico Herbs
Bionorica SE
Phytomed Herbal Solutions
Herbalife International
Naturex SA
Nutraceutical International Corporation
Integria Healthcare Pty Ltd.
The Nature’s Bounty Co.
Classification Based on Types and applications:
By Product Types:
OTC Herbal
Traditional Medicine
By Applications:
Pharmacy
Drug Store
Modern Trade
Online
Other OTC Format
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