Salvia Miltiorrhiza (Danshen) Extracts Market Size, Share & Trends Analysis And Forecasts, 2022 To 2028
Salvia Miltiorrhiza (Danshen) Extracts Market
Global Salvia Miltiorrhiza (Danshen) Extracts Market was valued at USD 43.48 Billion in 2021 and is expected to reach USD 92.57 Billion by the year 2028, at a CAGR of 11.4%
Salvia miltiorrhiza, referred to as Danshen in Chinese, is a traditional Chinese medicinal herb. Radix et rhizoma Salviae miltiorrhizae (Danshen, from Salvia miltiorrhiza Bunge, Lamiaceae) has been utilized commonlyasatraditionalChinesemedicineinmanyAsianeconomiessuchasChina,Japan,andKorea. Danshen is the dried root of S. miltiorrhiza (Labiatae) and is one of the most flexible Chinese herbal drugs, sometimes describedas Chinese sage or red sage root. Additionally, based on traditional Chinese medicine theory, Danshen has the properties of eliminating blood stasis and encouraging blood circulation, clearing menstruation, and mitigating pain and swelling. The common medical indications for Danshen such as cardiovascular diseases, menstrual disorders, chronic pain, and thoracic obstruction.
The global Salvia Miltiorrhiza (Danshen) Extracts market provides qualitative and quantitative informationon growthrate,market segmentation, market size, futuretrends andregional prospects.The research study represents a modern perspective aimed at securing the future potential of the Salvia Miltiorrhiza (Danshen) Extractsmarket. This report analyzes and evaluates the latest prospects for the new retail space, as well as the general and future market performance of Covid-19. In addition, this report provides a detailed overview of competition between some industries and others.
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Salvia Miltiorrhiza (Danshen) ExtractsMarket - Size, Competitive Landscape and Segmentation Analysis:
Salvia Miltiorrhiza (Danshen) ExtractsMarket Reports provide a high-level overview of market segments by product type, applications, leading key players, and regions, as well as market statistics. The research insights focus on the impact of the Covid-19 epidemic on performance and offers a thorough examination of the current market and market dynamics. This crucial understanding of the report's objective can help you make better strategic decisions about investment markets by assessing elementsthat mayaffect current andfuture market circumstances.Theleadingkey playersintheGlobal and Regional market are summarized in a research to understand their future strategies for growth in the market.
Top Company Profiles Include in this Salvia Miltiorrhiza (Danshen) ExtractsMarket report: Kangdu Pharmaceutical Co.Ltd.,Harmonic Arts Botanical Dispensary,Xi'an Gaoyuan Bio-Chem Co.Ltd.,Xian Yuensun Biological Technology,Qingdao Dacon Trading,Ron Teeguarden Enterprises,Changsha Organic Herb,Hawaii Pharm LLC,Organicway,Wincobel Chemical Co.Ltd.,Others
Objectives of the Study:
• To forecast the size of the market segments with respect to 4 main regions, namely, North America, Europe, Asia Pacific (APAC)
• To provide detailed information regarding the major factors influencing the growth of the Salvia Miltiorrhiza (Danshen) Extractsmarket (drivers, restraints, opportunities, and challenges)
• Toanalyzeeachsubmarketwithrespecttoindividualgrowthtrends,prospects,andcontribution to the total market
Segmentation Of Salvia Miltiorrhiza (Danshen) ExtractsMarket:
In market segmentation by Nature, the Salvia Miltiorrhiza (Danshen) ExtractsMarket report covers: Organic, Conventional
InmarketsegmentationbyApplicationtheSalviaMiltiorrhiza(Danshen)ExtractsMarket report covers:
Pharmaceuticals, Dietary Supplements, Cosmetics, Others
Market Segment by Regions and Countries Level Analysis:
• North America (U.S., Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
• Asia-Pacific (China, India, Japan, Southeast Asia, Rest of APAC)
• Middle East & Africa (GCC Countries, South Africa, Rest of MEA)
• South America (Brazil, Argentina, Rest of South America)
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COVID-19 Impact Analysis
The spread of the COVID-19 pandemic has negatively impacted the global Salvia Miltiorrhiza (Danshen) Extracts(UAV) market, owing to disruption in the supply chain, tighten budgets of the end usersandisexpectedtoweakenthefinancial performanceofthe market playersin2020.It hasimpacted the overall economy, and contributors such as market participants are formulating strategic cost-saving plans. The major risk factors of the Salvia Miltiorrhiza (Danshen) Extracts (UAV) market participants are regulatory & policy changes, dependency on labor, working capital management, and liquidity & solvency management. Majority of the developing facilities of Salvia Miltiorrhiza (Danshen) Extracts(UAV) have been shut down during the pandemic due to commute restrictions, workforce unavailability, and supply chain disturbance. Private and commercial security industries were one of the most severely affected industries by the pandemic and observed a decline of investments initially.
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