Market Analysis Report Herbal Medicine Market | Page 2

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dose accuracy essential for optimum therapeutic effect will, in turn, promote the herbalism market
growth. The extracts segment is expected to grow at a lucrative rate as they show an immediate
therapeutic effect on administration.
For instance, in geriatric patients, extracts and other liquid dosage forms are preferred for
administration as tablets show delayed therapeutic effect. Furthermore, extracts provide high potency
as they possess only the active ingredients and no fillers which are present in tablets & capsules.
The rigorous focus on developing better extraction and purification techniques by herbal medicine
manufacturers is expected to fuel the market. Furthermore, respective governments are also
introducing several strategies to promote the uptake of herbal medicine market. For instance, in July
2017, the Chinese Ministry of Science and Technology invested USD 12.5 million for development of
herbal treatments for the treatment of cancer and HIV/AIDS.
Hexa Research has segmented the global herbal medicine market based on Product, Indication, and
region:
Segmentation by Product, 2014 - 2024 (USD Billion)
• Tablets & Capsules
• Powders
• Extracts
• Others
Segmentation by Indication, 2014 - 2024 (USD Billion)
• Digestive Disorders
• Respiratory Disorders
• Blood Disorders
• Others
Segmentation by Region, 2014 - 2024 (USD Billion)
• North America
• U.S.
• Europe
• Germany
• Asia Pacific
• China
• India
• Central & South America
• Middle East and Africa
Key Players Analyzed
• TSUMURA & CO.
• Dr. Willmar Schwabe India Pvt. Ltd.
• Blackmores
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