The report commences by providing an executive summary, market dynamics and market taxonomy, underlining the factors which influence growth of the global OTC herbal and traditional medicines market. This executive summary offers the foundation on which the report is based, providing users with scope of the report. The executive summary contains key statistics and facts impacting the global OTC herbal and traditional medicines market.
The scope of FactMR’s report is to analyze the global OTC Herbal and Traditional Medicines Market for the forecast period 2017-2022 and provide readers an unbiased and accurate analysis. Medicine manufacturers, stakeholders, and suppliers in the global healthcare sector can benefit from the analysis offered in this report. This report offers a comprehensive analysis, which can be of interest to leading trade magazines and journals pertaining to OTC herbal and traditional medicines.
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Herbal medicines are naturally derived medicines for treatment of various ailments. These generally represent medicines sourced from medicinal herbs, or, plants. Traditional medicines are sum of practices, skills, and knowledge based on experiences, beliefs, and theories indigenous to various cultures, used for prevention, and maintenance of health. Various types of herbal and traditional medicines include Chinese/oriental medicines, naturopathy, homeopathy, and Ayurveda.
According to a recent research by Fact.MR, the global OTC herbal and traditional medicines market is estimated to exhibit a moderate expansion at a CAGR of 4.8% during the forecast period 2017 to 2022. The global market for OTC herbal and traditional medicines will account for revenues over US$ 20,000 Mn in 2017. Revenues from the market are further estimated to exceed US$ 30,000 Mn by 2022-end.
Asia Pacific excluding Japan (APEJ) is anticipated to be dominant in the market in 2017, and the trend is expected to witness a steady growth through 2022. North America is estimated to be the second largest market for OTC herbal and traditional medicines by 2022-end. Japan will continue to be the least lucrative region in the global OTC herbal and traditional medicines market.
Based on function, sales of OTC herbal and traditional medicines in maintaining digestive health of people are expected to account for the largest revenues by 2022-end. Sales of OTC herbal and traditional medicines for nutrition, and bone & joint health are expected to exhibit a parallel expansion at similar CAGRs, however, revenues from sales for nutrition will remain comparatively higher than that from bone & joint health.
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Modern trade OTC channel will remain sought-after among consumers for purchasing of OTC herbal and traditional medicines, with sales expected to register a steady expansion through 2022. In addition, sales of OTC herbal and traditional medicines through online OTC channel will register the highest CAGR over the forecast period. Although, pharmacy OTC channel will account for a larger revenue share of the market, sales are anticipated to exhibit a sluggish expansion through 2022.
Powder dosage of OTC herbal and traditional medicines will continue to be preferred among consumers, with sales poised to surpass US$ 10,000 Mn by 2022-end. Between tablet and liquid dosage of OTC herbal and traditional medicines, tablet dosage will account for a larger revenue share, while sales of liquid dosage will exhibit a higher CAGR through 2022.
According to the report, the companies that will remain active in expansion of global OTC herbal and traditional medicine market include Amway Corporation, Herbalife International, The Himalayan Drug Company, Naturex SA, Blackmores Limited, Nutraceutical International Corporation, The Nature’s Bounty Co., Bio-Botanica, Inc., The Bioforce Group, Ricola AG, Bionorica SE, Integria Healthcare Pty Ltd., Jiaherb Inc., Nutra Green Biotechnology Co., Ltd., Biovontrade SARL, Dabur India Ltd., Phytomed Herbal Solutions, and Medico Herbs.
Table of Contents
- Global OTC Herbal and Traditional Medicines Market - Executive Summary
- Global OTC Herbal and Traditional Medicines Market Overview
2.1.1. Global OTC Herbal and Traditional Medicines Market Taxonomy
2.1.2. Global OTC Herbal and Traditional Medicines Market Definition
2.2. Global OTC Herbal and Traditional Medicines Market Size (US$ Mn) and Forecast, 2012-2022
2.2.1. Global OTC Herbal and Traditional Medicines Market Y-o-Y Growth
2.3. Global OTC Herbal and Traditional Medicines Market Dynamics
2.4. Supply Chain
2.6. List of Distributors
2.7. Average Pricing Analysis
2.9. Key Participants Market Presence (Intensity Map) By Region
- Global OTC Herbal and Traditional Medicines Market Analysis and Forecast By Function
3.1. Global OTC Herbal and Traditional Medicines Market Size and Forecast By Function, 2012-2022
3.1.1. Immune Health OTC Herbal and Traditional Medicines Market Size and Forecast, 2012-2022
18.104.22.168. Revenue (US$ Mn) Comparison, By Region
22.214.171.124. Market Share Comparison, By Region
126.96.36.199. Y-o-Y growth Comparison, By Region
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