Traditional Med Market Analysis and Reports | Germany Conference Series

Market Analysis - Traditional Med 2020

The prediction of alternative or traditional medicine Market value to exceed by USD 329 billion Revenue Mark by 2025 at 5.48% CAGR. It’s for particular medication which could also run the global traditional medicine market at a strong rate over the forecast period.

Market Overview

Alternative medicine comprises products developed from plants which are consumed precisely with little preparation. The need of broad processing is apparently the considerable change between herbal medicine and alternative medicine, as the field of herbal medicine seeks to conserve the natural beauty of the plant, while traditional medicine apply considerable efforts to segregate the active element and produce it on a big scale into medicinal stocks. This field of medicine has been the ancient range of medicine in human history, as all medicine basically started with the use of plant materials for therapeutic action against various common ailments. The field has practice a comeback in current years due to the developing use among users for operation-free, naturally oriented, process-free, chemical-free medicine.

Some of the leading competitor in the global traditional medicine market includes Dasherb Corporation, ZeinPharma Germany GmbH, Hishimo Pharmaceuticals, and Bayer AG, Venus Pharma GmbH, Arizona Natural Products, Arkopharma, Beovita, Schaper & Brummer.

Growing Demand for Natural Medicines

While traditional medicine has worked tirelessly to produce harmless, isolated products from plants, the commercial aspect of conventional medicine has annoyed many consumers, while the increasing use of synthetic chemicals in medicine has also irked off a significant population. These consumers are increasingly demanding all-natural alternatives to conventional medicine, which has driven the demand for herbal medicine across the world, including developed regions such as America and Europe as well as developing countries in Asia Pacific, Latin America, and the Middle East and Asia-pacific and Africa. The increasing number of consumers opting for natural alternatives to complimentary medicine is likely to remain the highest achiever for the global herbal medicine market up the forecast cycle.

The developing clinical research in accomplishing the Traditional Medicine in which governments have been quick to take into account the growing demand for traditional  medicine in developed countries, especially in Europe. The government also have funded important research attempt into the field to enhance the attention and elegance of the field. A major operator for the traditional Medicine Market over the forecast period, as government-funded clinical research facilities could provide a polished and sophisticated version of alternative medicine which provides the clients with the best of the worlds.

Global Alternative Medicine, market share by category, 2023(%)

Source: Market Analysis of traditional (or)alternative medicine its uses

Market share of Alternative Medicine- Worldwide

The global herbal medicine market, based on region is divided by America, Europe, Asia-Pacific and Middle East, Africa

Europe is expected to hold the largest share and estimated to be the fastest growing region the global herbal medicine market, it’s owing to extensive R & D for herbal medicine, increasing funding for research on medicinal plants and growing preference for herbal drugs in the European regions. Asia Pacific is expected to account the second largest market share during the forecast period the factors responsible for market growth in the region are the adoption of tradition al medicine by pharmaceuticals companies, researchers and policy makers

Americans is estimated to account the fourth making on market share as it is being depicted that the herbal supplements were majorly used in the conditions such as cancer (52%), stroke (35%), Arthritis (10%) and others rest is (3%)

The other regions Middle East and Africa is expected to observe a low growth and less awareness and also in-depth knowledge about the traditional medicine

Source: Traditional Medicine Global Market shares

Traditional Medicine Target Audience

  • Global herbal medicine providers, manufacturers & suppliers
  • Research and development (R&D) companies
  • Market research and consulting service providers
  • Academic institutes and universities
  • Business Analysts
  • Alternative & Complementary Medicine Practitioners
  • Herbal and Traditional Medicine Researchers
  • Herbalists
  • Ayurveda specialists
  • Acupuncturists
  • Doctors, Physicians
  • Students & Academicians
  • Research People
  • Scientists
  • Professors

Worldwide Statistical Associations and Societies

  1. International Society for Complementary Medicine Research (ISCMR)
  2. International Society for Complementary Medicine Research
  3. Society for Ethnopharmacology
  4. Herb Society of America
  5. Indian board of Alternative Medicine
  6. Research council for Complementary Medicine
  7. International Veterinary Acupuncture Society
  8. International Cannabis and Cannabinoids Institute Center Of Excellence
  9. Natural Health Products Research Society of Canada
  10. The Association of Traditional Chinese Medicine and Acupuncture UK
  11. European Traditional Chinese Medicine Association
  12. European Herbal & Traditional Medicine Practitioners Association National Association
  13. American Holistic Medical Association
  14. St. Louis Herb Society
  15. Herb Society of America

List of Universities in the World:

  • Australian Institute of Holistic Medicine
  • New Zealand School of Acupuncture and Traditional Chinese Medicine
  • Heidelberg University
  • Lübeck University
  • Witten/Herdecke University
  • Ashford University
  • University of Bridgeport
  • University of Westminster
  • London Metropolitan University