Reading time:2 mins, 23 seconds
The global herbal painkillers market is expected to reach $9.38 billion by 2025. Many herbs are used worldwide as traditional remedies for certain ailments such as stress, fatigue and pain relief . This white paper reveals the current segmentation prevalent in the market sector and identifies key emerging trends in natural products from a value chain perspective to anticipate future trends.
What is the market for herbal painkillers?
The herbal painkillers market is considered to be one of the most progressive segments of the pharmaceutical industry. According to a report, the global demand for herbal painkillers (USD 7.46 billion) reached an all-time high in 2015, with a CAGR of 9.5%. The increase in use has seen herbal painkillers gain popularity and are expected to grow at a higher rate than other medicines such as cough, cold or blood pressure medication.
Click on the tab below to avail the sample copy of the report [email protected]
Herbal Analgesics Market Report Exploration and Value Chain Analysis
Herbal Analgesics Market Report Exploration and Analysis of the Value Chain with Upcoming Trends to 2025, Key Players is a specialized publication, which has been designed by Industry experts and professionals in the domain. The report provides an in-depth analysis of the market estimation, market size and scope trends, competitive landscape and development potential with a detailed analysis of key players and their contributions to the global Analgesics market at herbal basis.
Origins of Herbal Painkillers
Researchers abroad have discovered medicinal plants in nature and made formulations of them. These herbs include those like turmeric, black cohosh, strained garlic extract, and astragalus which are commonly used for their enhancement properties.
Herbal Analgesics Market Report Analysis
Analgesics are taken by mouth to relieve pain, aches and discomfort by calming and controlling the nervous system. Chronic care is expected to attract large numbers of people in ever-widening age groups. Along with the growing need for chronic care, the abuse of synthetic drugs like codeine is also increasing at a rapid rate.
The key players in the herbal analgesics market
For example, for pharmaceutical companies, their players in the herbal painkillers market would be Merck, Novartius, and GlaxoSmithKline Plc. However, note that there are a few players such as the American biotechnology company Amyris and the Indian companies Sirfen Labs Pvt Ltd and Bombay Charcoal.
Click on the tab below for the instant purchase of the report with a flat rate discount of $500
Instant Buy Request
Upcoming trends in the herbal medicine market
The natural medicine market is the next big opportunity for investors with a value of USD 1,866 billion as of 2020 and it has been growing rapidly due to its increasing diversity in geographical locations, type of applications in future technologies, the regulatory regime, etc. Major players including GW Pharmaceuticals are different, each maintaining their global presence in this booming market