Asia Pacific to Reign Supreme in the Global OTC Herbal and Traditional Medicines

Posted by Arslan on April 16th, 2019

With the ongoing transformations in consumer healthcare sector, accredited to the introduction of traditional medicines in the course of contemporary medical treatment, demand for the herbal & traditional medicines has been on an impressive rise. Increasing concerns for synthetic drugs, which are taking a toll on consumers’ health, is anticipated to speed up the adoption of these medicines.

Surging inclination of consumers towards the traditional and herbal cure methodologies such as Ayurveda, Unani, and Yoga, is another potential growth driver of the OTC herbal & traditional medicines market. Digital advancements, which are consistently unlocking new horizons for online sales of these medicines is increasingly preferred by the consumers.

Asia Pacific excluding Japan (APEJ), being the hub of natural cure methodologies, is projected to reign supreme at the global level in the OTC herbal & traditional medicines market and its supremacy is predicted to remain intact through 2022, followed by North America, reports Fact.MR. Aforementioned factors collectively are some of the robust growth drivers of the market, which is anticipated to register a striking CAGR of about 4.8% during the period 2017-2022.

OTC Herbal and Traditional Medicines Market: Crux of the Report

The prime aim of this in-depth study is to offer a decisive view on the OTC herbal & traditional medicines market, so as to equip the stakeholders of the market with reliable information. This brief study provides a holistic view on the OTC herbal & traditional medicines market for the period during 2017-2022. The estimation of the market has been carried out in terms of revenue (US$ Mn) and CAGR (%).

OTC Herbal and Traditional Medicines Market

https://www.factmr.com/report/72/otc-herbal-and-traditional-medicines-market

This extensive report comprises of multiple macroeconomic and microeconomic factors, which impact the growth of the market during the said period. An all-encompassing analysis on key market trends, recent developments, opportunities, drivers, and restraints has been incorporated in this detailed study. The brief study evaluates market attractiveness, depending on region, its function, OTC channel, and dosage. This comprehensive assessment has been curated, on the basis of the data culled from the primary and secondary sources. An in-depth analysis on the market has been included in this comprehensive report that provides a brief prediction on the key market drivers for the said period.

OTC Herbal and Traditional Medicines Market: Geographical Split and Competitive Landscape

Geographically, the regions have been segmented into Middle East and Africa, Asia Pacific except Japan (APEJ), Japan, Europe, Latin America, and North America. An in-depth analysis on each of these geographies have been encapsulated in this report, besides a comparative analysis on the basis of function, OTC channel, and dosage.

The robust players profiled in the report include Integria Healthcare Pty Ltd., Blackmores Limited, Bionorica SE, Dabur India Ltd., Ricola AG, Jiaherb Inc., The Bioforce Group, Medico Herbs, The Nature’s Bounty Co., Nutraceutical International Corporation, Bio-Botanica, Inc., Naturex SA, Nutra Green Biotechnology Co. Ltd., The Himalayan Drug Company, Biovontrade SARL, Herbalife International, Phytomed Herbal Solutions, and Amway Corporation, among others. A brief overview of the company, market size, market share, recent developments, and SWOT analysis has been included in this study.

These brief insights will help the stakeholders of the market understand the key trends followed in the market, along with the business strategies followed by the competitors and formulate effective business strategies to meet their business objectives.