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OTC Herbal And Traditional Medicines Market Report
Global OTC Herbal and Traditional Medicines Market, Dynamics, and Market Analysis
The Global OTC Herbal and Traditional Medicines Market are segmented by Product (OTC Herbal, Traditional Medicine), Application (Detoxification Medicine, Antipyretic Medicine, Digestive Medicine, Blood Circulation Medicine), and Region.
The growing preference for traditional and herbal medicines over synthetic drugs due to rising concern over integrity, increase in the number of players entering the market are the factors driving the growth of OTC herbal and traditional medicines market.
TSUMURA & CO (Japan), Weleda (Switzerland), Arizona Natural (The U.S), Dr. Willmar Schwabe GmbH & Co. KG (Germany), Rottapharm | Madaus GmbH (Germany), Sido Muncul (Indonesia), Herbal Africa (South Africa), ARKOPHARMA Laboratories, Company Limited (France), Blackmores Limited (Australia), Dabur India Ltd (India), Nature Herbs (India) and Tong Ren Tang (China) are among the key players in the OTC herbal and traditional medicines market.
The OTC herbal and traditional medicines market is expected to reach USD 204.5 billion in the coming years.
The OTC herbal and traditional medicines market is expected to witness an impressive growth of 4.1% CAGR in the foreseeable future.
Asia-pacific is expected to account for the largest share of OTC herbal and traditional medicines market in 2020.
The detoxification medicine segment accounted for the largest share of the OTC herbal and traditional medicines market in 2020.
OTC herbal and traditional medicines manufacturers, OTC herbal and traditional medicines suppliers, OTC herbal and traditional medicines distributors, Organizations, Government bodies are the target audience in the OTC herbal and traditional medicines market.