The Botanical and Plant Derived Drugs market is expected to grow from USD 35.21 billion in 2019 to USD 54.61 billion by 2026 at a CAGR of 6.1% from 2020 to 2026.
Botanical drugs are those medications which are derived from therapeutic plants. Plant determined medications are blend of plant and other affirmed sedates that contains plant materials, synthetic and semi manufactured substances. Botanical drugs comprise of vegetable material, green growth and plainly visible organisms. They are utilized in treatment of different diseases, for example cardiovascular sicknesses, different central nervous system disorders, irresistible infections and respiratory illnesses. Botanical drugs are available in various forms, for example, tablets, pills, injections and capsules.
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The global Botanical and Plant Derived Drugs market has been segmented as below:
By Product
Tablets
Capsules
Pills
Injections
By Application
Hospital Pharmacies
Retail Pharmacies
Online Pharmacies
Drug Stores
By Region
North America
Europe
Asia-Pacific
Rest of the World
Competitive Rivalry
Abott Laboratories, Bayer Healthcare, Bionova, Bristol Myers, Curaphar, and others are among the major players in the global Botanical and Plant Derived Drugs market. The companies studied in terms of product strategy and various n several growth and expansion strategies to gain a competitive edge in the market. The major players not only follow value chain integration with business operations in multiple stages of the value chain.
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