Medical Device Global Phytochemical API Market | Page 2

REPORT DESCRIPTION
Global Phytochemical API Market – Overview
Increasing preferences of herbal medicines over allopathic drugs is expected to boost growth of the
phytochemical API market. Moreover, increasing initiatives by pharmacognosy research to develop drugs
containing natural chemical compounds is another factor to drive the phytochemical API market growth.
For instance, in 2017, as per new research paper published in the Journal of Natural Compounds,
International Cooperative Biodiversity Group discovered new chemical, Patentiflorin A, which is derived
from willow-leaved Justicia. Patentiflorin A could inhibit the action of reverse transcriptase much more
effectively than Azidothymidine (AZT). AZT is an antiretroviral medication used to prevent and treat HIV/
AIDS. Patentiflorin A acts as a novel anti-HIV agent that can be used with current anti-HIV drugs to
suppress the activity of HIV virus and prevent AIDS.
However, availability of prominent allopathic drugs to cure disease conditions in lesser time interval than
herbal drugs is expected to hinder the growth of phytochemical API market.