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Botanical and Plant Derived Drugs Market - Global Industry Analysis, Size, Share, Growth, Trend and Forecast 2013 - 2019

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Global Botanical and Plant Derived Drugs Market: Snapshot

The global botanical and plant derived drugs market has been gaining steadily over the recent past. The increasing risk of side-effects of synthetic drugs such as allergic reaction and gastrointestinal upsets, drug recalls, and high cost of specialty drugs are propelling the adoption of botanical and plant derived drugs. Furthermore, increasing incidence of chronic diseases, low cost of botanical drugs, and technological advances in processes for the manufacture of botanical drugs are driving the uptake of plant derived drugs. The emergence of large herbal drug manufacturing companies and extension of conventional drug makers into herbal therapeutic products are some other key factors fuelling the botanical and plant derived drugs market.

Botanical drugs refer to drugs that are obtained from medicinal plants that could contain algae, vegetable material, and microscopic fungi. Botanical drugs are used in the treatment of various health conditions such as cardiovascular diseases, respiratory diseases, central nervous system disorders, and infectious diseases.

Some of the categories of plant drugs are steroids, terpenes, glycosides, and phenols. Botanic drugs are available in various forms such as tablets, capsules, pills, and injections. Botanical drugs such as adoniside, berberine, aescin, and atropine are obtained from plants and are important component of traditional medicine such as homeopathy and Ayurveda.

North America and Europe are the leading regional markets for botanical and plant derived drugs. The growth of these regional markets is mainly because of high adoption of herbal drugs, technological advances, and modern production facilities to obtain plant extracts and process them into drugs. Powered by growth in China and India, Asia Pacific is anticipated to emerge as a key market for botanical and plant derived drugs. Consumers in these countries are increasingly switching to traditional forms of medicine due to their overall benefits in the long run.

Botanical drugs are drugs develop through botanical drug and research pathway, whereas plant derived drugs are combination of botanical as well as other approved drugs that contains plant materials, synthetic and semi synthetic substances. These botanical products are intended for use in the mitigation, cure, diagnosis and treatment or prevention of diseases in humans. 
 
The global market for botanical and plant derived drugs is witnessing a significant growth over recent years due to rising usage of these drugs in different parts of the world. Increased focus of research institutes and clinical trial studies, price reduction and improved technological and sociological development are major driving factors for the growth of this market. However, low acceptance of these drugs for the treatment of lethal diseases is a major restraint for the market. On the other hand, rising number of FDA approved botanical drugs and their application is a key opportunity for the market. Some of the major classes of botanical and plant derived drugs are Tarpenes and Steroids, Glycosides, Ergot Alkaloids, Morphine Alkaloids and Vinca Alkaloids. 
 
Global market of botanical and plant derived drugs market is primarily divided into two segments: based on geography and based on therapeutic applications. The U.K., Germany and France are major countries of the European Region. On the basis of therapeutic application, the market is segmented into hormone related disease therapy, infectious diseases, pain and central nervous system disorders, cardiovascular and metabolic diseases, respiratory and oncology diseases treatment. Some of the major players operating in the market are Abott Laboratories, Bayer Healthcare, Bionova, Bristol Myers and Curapharm.
 
This research report analyzes this market depending on its market segments, major geographies, and current market trends. Geographies analyzed under this research report include 
  • North America 
  • Asia Pacific 
  • Europe
  • Rest of the World  
This report provides comprehensive analysis of 
  • Market growth drivers 
  • Factors limiting market growth
  • Current market trends 
  • Market structure
  • Market projections for upcoming years 
This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis. 
 
Reasons for Buying this Report
  • This report provides pin-point analysis for changing competitive dynamics
  • It provides a forward looking perspective on different factors driving or restraining market growth 
  • It provides a technological growth map over time to understand the industry growth rate
  • It provides a seven-year forecast assessed on the basis of how the market is predicted to grow 
  • It helps in understanding the key product segments and their future
  • It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
  • It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments 
  • It provides distinctive graphics and exemplified SWOT analysis of major market segments 


Note : All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of Transparency Market Research.


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