Herbal Medicinal Products: Global Analysis, Future Demand and new Innovations, 2024
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Axiom MRC Added an Report on, “Herbal Medicinal Products Market, By Form, Product Type, Distribution Channel, Indication and Geography - Global Market Share, Trend Analysis & Forecast Up To 2024�
Herbal medicinal product (HMP) are medicinal products which exclusively contain one or more herbal preparations or substances as active ingredients.
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Herbal Medicinal Products Market Analysis The conventional medicinal products are mainly manufactured from synthetic materials, using reproducible production techniques and measures. However, herbal medicines are prepared from materials of herbal origin, which are often obtained from diverse commercial or geographical sources. Expanding customer interest for green label products coupled with increase in prevalence of liver and heart diseases are
fuelling the market growth. The global herbal medicinal products industry is gaining remarkable growth due to inclination of consumers from conventional medicines to traditional medicines (Ayurveda, Unani and Traditional Chinese Medicine) worldwide.
Being the major markets for herbal medicinal products in the APAC region, these countries have a strong background of herbal medical, thus propelling the market growth. However, the global herbal medicinal products market is hampered by currency fluctuations and changing taxation policies.
Herbal Medicinal Products Market Segmentation:
HMP Market by Form: Based on form, this market is segmented into capsules/tablets, powder, syrups, oils & ointment and others. HMP Market by Product Type: Based on product type, this market is segmented into homeopathic medicines, Chinese medicines, ayurvedic medicines and aromatherapy products.
HMP Market by Distribution Channel: Based on distribution channel, the global herbal medicinal products market is alienated into hospital pharmacies, retail pharmacies, e-commerce and others.
HMP Market by Indication: On the basis of indication, this market is categorized into digestive disorders, respiratory disorders, blood disorders and others.
HMP Market by Geography: By geography, the global herbal medicinal products market is studied across the countries of key regions such as, North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
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HMP Market Kay Players: Some of the key market players of the global herbal medicinal products market include Arkopharma SA, Bio Botanica, Inc., Blackmores Limited, Boiron Group, Himalaya Global Holdings Ltd., Integria Healthcare, MOUNTAIN ROSE HERBS, Nutraceutical Corporation, Sanofi-Aventis Healthcare PTY Ltd., STADA Arzneimittel AG, TSUMURA & CO. and Young Living Essential Oils among others.
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