Botanical and Plant Derived Drugs Market to Surpass US$ 51.93 Billion by 2026
Increasing prevalence of chronic disease and low cost of botanical drugs are expected to foster the growth of botanical and plant derived drugs market.
Increasing prevalence of chronic disease and low cost of botanical drugs are expected to foster the growth of botanical and plant derived drugs market.
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<strong>Botanical</strong> <strong>and</strong> <strong>Plant</strong> <strong>Derived</strong> <strong>Drugs</strong> <strong>Market</strong> -<br />
GLOBAL INDUSTRY INSIGHTS, TRENDS, OUTLOOK,<br />
AND OPPORTUNITY ANALYSIS, 2017-2025<br />
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REPORT DESCRIPTION<br />
<strong>Botanical</strong> <strong>and</strong> <strong>Plant</strong> <strong>Derived</strong> <strong>Drugs</strong> <strong>Market</strong> – Overview<br />
The botanical <strong>and</strong> plant derived drugs are obtained from medicinal plants, which contain algae, microscopic<br />
fungi or any vegetable material. They are used for treatment of various health conditions such as<br />
cardiovascular diseases, respira<strong>to</strong>ry disease, central nervous system disorders, <strong>and</strong> infectious diseases. The<br />
major classes of botanical <strong>and</strong> plant derived drugs are Tarpenes <strong>and</strong> Steroids, Glycosides, Morphine<br />
Alkaloids, Ergot Alkaloids, <strong>and</strong> Vinca Alkaloids. High risk of side effects caused due <strong>to</strong> consumption of<br />
synthetic drugs such as allergic reaction <strong>and</strong> gastrointestinal upsets, drugs recalls, <strong>and</strong> high cost of specialty<br />
drugs are propelling the adoption of the botanical <strong>and</strong> plant derived drugs. Furthermore, increasing<br />
prevalence of chronic disease <strong>and</strong> low cost of botanical drugs are expected <strong>to</strong> foster the growth of botanical<br />
<strong>and</strong> plant derived drugs market.<br />
However, stringent laws <strong>and</strong> regulations for approval of botanical drugs is a key restraint for the growth of<br />
botanical <strong>and</strong> plant derived drugs market.Moreover, increasing number of mergers <strong>and</strong> acquisitions <strong>by</strong><br />
manufacturing companies is driving growth of the botanical <strong>and</strong> plant derived drugs market.<br />
The botanical <strong>and</strong> plant derived drugs market is estimated <strong>to</strong> be valued at <strong>US$</strong> 30.1 Bn in 2017, <strong>and</strong> is<br />
expected <strong>to</strong> witness a robust CAGR of 6.3% during the forecast period (2017 - <strong>2026</strong>).<br />
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REPORT DESCRIPTION<br />
<strong>Botanical</strong> <strong>and</strong> <strong>Plant</strong> <strong>Derived</strong> <strong>Drugs</strong> <strong>Market</strong> Taxonomy:<br />
By Source:<br />
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●<br />
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<strong>Plant</strong><br />
Algae<br />
Macroscopic fungi<br />
By Therapeutic Application:<br />
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●<br />
Central Nervous System<br />
Cardiovascular Diseases<br />
Infectious DiseaseS<br />
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REPORT DESCRIPTION<br />
<strong>Botanical</strong> <strong>and</strong> <strong>Plant</strong> <strong>Derived</strong> <strong>Drugs</strong> <strong>Market</strong>: Key Players<br />
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GlaxoSmithKline.<br />
Pfizer, Inc.<br />
Sanofi.<br />
Actelion Pharmaceuticals.<br />
Aimil Pharmaceuticals.<br />
Allergan.<br />
AstraZeneca.<br />
Boehringer Ingelheim.<br />
GW Pharmaceuticals.<br />
View this report @<br />
https://www.coherentmarketinsights.com/market-insight/botanical-<strong>and</strong>-plant-derived-drugs-market-1737<br />
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