MarkNtel Advisors, a leading market research firm, has showed its latest study titled “GCC Herbal Medicine Market“, offering a detailed industry overview and market perspective. This comprehensive research provides insights into the current state of the market, highlighting recent advancements and emerging trends.
The report combines in-depth quantitative analysis with qualitative analysis; it ranges from macro-overviews of the overall market size, industry chain, and market dynamics to micro details of segment markets. This, as a result, provides a thorough overview of the industry under study as well as a profound understanding of all of its important features.
Analysis and Insights into the GCC Herbal Medicine Market: 2024-2030
The GCC Herbal Medicine Market size is valued at USD 224.83 Million in 2023 & is estimated to reach USD 366 Million by 2030. Along with this, the market is estimated to grow at a CAGR of around 6.90% during the forecast period, i.e., 2024-30.
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GCC Herbal Medicine Market Driver:
Increasing Consciousness About the Ill-Effects of Allopathic Medicine – In recent years, the prevalence of diseases, like obesity, asthma & allergies has substantially increased. As per the statistics by the National Institutes of Health, more occurrences of self-reported chronic diseases in the UAE reached around 23% in 2022. These health issues require immediate medical treatment and the consumers are strictly advised to follow a medication routine. However, the daily consumption of synthetic medicine adversely affects the other organs of the consumers. As a result, the patients experience side effects, like dizziness, insomnia, headache, etc., due to the allopathic medicines. Therefore, consumers are increasingly seeking solutions, like herbal medicines, that do not cause any health complicacy.
Further, the consistent consumption of allopathic medicine also makes the individuals addicted and they experience withdrawal symptoms after they are cured. Therefore, to eradicate the issues that stem from synthetic medicinal doses, healthcare professionals in the GCC nations are increasingly recommending the patients opt for herbal medicine, driving the market growth.
GCC Herbal Medicine Market Segmentation:
The GCC Herbal Medicine Market is categorized in to different segments. Analyzing growth across these segments enables a comprehensive understanding of key growth areas within the industry. This segmentation provides valuable market insights, empowering stakeholders to make strategic decisions and identify primary market applications effectively.
By Type of Remedies
-Herbal Analgesics – Market Size & Forecast 2019-2030 (USD Million)
-Herbal Sleeping Aids– Market Size & Forecast 2019-2030 (USD Million)
-Herbal Cough, Cold & Allergy Remedies– Market Size & Forecast 2019-2030 (USD Million)
-Herbal Digestive Remedies– Market Size & Forecast 2019-2030 (USD Million)
-Herbal Dermatologicals– Market Size & Forecast 2019-2030 (USD Million)
-Herbal Dietary Supplements– Market Size & Forecast 2019-2030 (USD Million)
-Herbal Tonics– Market Size & Forecast 2019-2030 (USD Million)
By Source
-Roots and Barks – Market Size & Forecast 2019-2030 (USD Million)
-Leaves– Market Size & Forecast 2019-2030 (USD Million)
-Flowers – Market Size & Forecast 2019-2030 (USD Million)
-Fruits – Market Size & Forecast 2019-2030 (USD Million)
-Whole Plant– Market Size & Forecast 2019-2030 (USD Million)
-Others– Market Size & Forecast 2019-2030 (USD Million)
By Form
-Extracts– Market Size & Forecast 2019-2030 (USD Million)
-Powders– Market Size & Forecast 2019-2030 (USD Million)
-Capsules & Tablets– Market Size & Forecast 2019-2030 (USD Million)
-Syrups– Market Size & Forecast 2019-2030 (USD Million)
By Sales Channel
-Hospitals – Market Size & Forecast 2019-2030 (USD Million)
-Pharmacies – Market Size & Forecast 2019-2030 (USD Million)
-E-commerce – Market Size & Forecast 2019-2030 (USD Million)
By Consumers
-Male– Market Size & Forecast 2019-2030 (USD Million)
-Female– Market Size & Forecast 2019-2030 (USD Million)
-Children– Market Size & Forecast 2019-2030 (USD Million).
Geographical Analysis into the GCC Herbal Medicine Market:
Saudi Arabia
- The UAE
- Qatar
- Kuwait
- Oman
- Bahrain
Read Detailed Index of full Research Study at – https://www.marknteladvisors.com/research-library/gcc-herbal-medicine-market.html
Competitive Landscape and GCC Herbal Medicine Market Share Analysis:
The competitive landscape of the GCC Herbal Medicine Market includes comprehensive details about competitors. These details encompass company overviews, financial performance, revenue generation, market potential, investments in research and development, new market strategies, production facilities, strengths and weaknesses, product launches, ongoing trials, approvals, patents, product range, dominant applications, and technology life cycle.
The report features major players including:
Saudi Pharmaceutical Industries & Medical Appliances Corporation, Manayer Najd Medical Co, Saudi Arabian Drug Store Co.Ltd, GT Medical, MPS Bashirco, Haw Par Healthcare Ltd, Reckitt Benckiser Arabia FZE, Performance Health Inc, Enzymedica, Inc., The Procter & Gamble Co, Forest Laboratories Inc., Globalpharma, Himalaya Wellness Company LLC, Others.
Market research studies from MarkNtel Advisors are offered in PDF, Excel and PowerPoint formats. Within 24 hours of the payment being successfully received, the report will be sent to your email address.
Questions Addressed in this Study
- What factors are driving the GCC Herbal Medicine Market growth?
- How is the GCC Herbal Medicine Market expected to grow over the next five years?
- What are the key insights into the current trends in the GCC Herbal Medicine Market?
- What is the current size of the GCC Herbal Medicine Market, and how is it projected to change in the future?
- What is the future outlook for the GCC Herbal Medicine Market in terms of technological advancements and market expansion?
Why choose MarkNtel?
MarkNtel Advisors is a leading market research company, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.
Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.
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