Given the fast growth, numerous investors have jumped into the market to cash in on opportunities here. This is why tea bag products refined from the Hoan Ngoc plant are sold at VND50,000-80,000/box only and the market … Global Herbal Medicine Market Segment Insights: Based on categories, the market is fragmented into herbal pharmaceuticals, herbal functional foods, herbal dietary supplements, and herbal beauty products.The herbal pharmaceuticals segment held a large share of the market owing to high demand of herbal medicine and increasing prevalence of chronic diseases. With fewer side effects of herbal medicine treatment, it will be more and more popular. We report a case of acute hepatitis associated with chronic use of high doses of Tinospora crispa.. A 49-year-old male with chronic low back pain bought a herbal medicine at a market … The Global Herbal Medicine Market report provides a holistic evaluation of the market … Although Vietnam is modernizing quickly, traditional medicine in Vietnam has not disappeared and if anything is gaining something of a revitalization. This report is intended to oblige requests of those organizations that wish to move into new market section. Demand for these products is further driven in Vietnam by consumers’ increasing use of the internet to learn about the benefits and risks of the consumer health remedies they want to take. Global Herbal Medicines Market Report, History and Forecast 2014-2025, Breakdown Data by Manufacturers, Key Regions, Types and Application. Herbal Medicine Market was valued at USD 100.6 Billion in 2018 and is projected to reach USD 139.7 Billion by 2026, growing at a CAGR of 4.2% from 2019 to 2026.. Tinospora species (Menispermaceae) is commonly used as a herbal medicine in South Asia, but very few toxic effects have been described. Some retailers have declared to join the medicine distribution sector, including Mobile World Joint Stock Company, Digiworld and Nguyen Kim Joint Stock Company. Euromonitor International is the leading provider of strategic market research reports. Euromonitor addresses your unique questions and challenges across all B2B and B2C industries and geographies through custom, tailor-made research projects, designed to your specific goals. Fax: (024) 3845 7937; E-mail: vironline@vir.com.vn. Home » Reports » Global Organic Herbal Medicine Market Report, History and Forecast 2014-2025, Breakdown Data by Manufacturers, Key Regions, Types and Application. According to investors, Vietnam is an attractive pharmaceutical market with an average medicine consumption of 2017 reaching US$56 per capita. When in Vietnam, you will often see them in Vietnamese daily meals - breakfast, lunch, dinner - and also in natural medicines that help the body prevent many diseases and flu. Traditional Vietnamese medicine is highly influenced by Chinese medicine, including acupuncture and Chinese herbs. In particular, Vingroup officially entered the domestic medicine market by launching a project with the brand name of Vinfa in early April. As per the available records, the herbal medicine market in. New Jersey, United States,- The Herbal Medicine Consumption Market Research Report by Market Research Intellect focuses on some of the vital aspects of the market such as Revenue Rate, Market Share, Key Regions, and Production as well as Key Players. The market in Europe is projected to reach a valuation in excess of USD 58,600 Mn by the year 2023. What is the market size of Herbal/Traditional Products in Vietnam? Organic Herbal Medicine Market research report is the new statistical data source added by A2Z Market Research. Photo taken on: 27 July, 2015 Herbal Medicine Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. 1040587, Sales of Herbal/Traditional Products by Category: Value 2015-2020, Sales of Herbal/Traditional Products by Category: % Value Growth 2015-2020, NBO Company Shares of Herbal/Traditional Products: % Value 2016-2020, LBN Brand Shares of Herbal/Traditional Products: % Value 2017-2020, Forecast Sales of Herbal/Traditional Products by Category: Value 2020-2025, Forecast Sales of Herbal/Traditional Products by Category: % Value Growth 2020-2025, Consumer Expenditure on Health Goods and Medical Services: Value 2015-2020, Sales of Consumer Health by Category: Value 2015-2020, Sales of Consumer Health by Category: % Value Growth 2015-2020, NBO Company Shares of Consumer Health: % Value 2016-2020, LBN Brand Shares of Consumer Health: % Value 2017-2020, Distribution of Consumer Health by Format: % Value 2015-2020, Distribution of Consumer Health by Format and Category: % Value 2020, Forecast Sales of Consumer Health by Category: Value 2020-2025, Forecast Sales of Consumer Health by Category: % Value Growth 2020-2025, Herbal/Traditional Products Sample Report, Herbal/Traditional Products in Azerbaijan, Herbal/Traditional Products in Bosnia and Herzegovina, Herbal/Traditional Products in Bosnia-Herzegovina, Herbal/Traditional Products in Costa Rica, Herbal/Traditional Products in Dominican Republic, Herbal/Traditional Products in Hong Kong, China, Herbal/Traditional Products in Kazakhstan, Herbal/Traditional Products in New Zealand, Herbal/Traditional Products in North Macedonia, Herbal/Traditional Products in Saudi Arabia, Herbal/Traditional Products in South Africa, Herbal/Traditional Products in South Korea, Herbal/Traditional Products in Switzerland, Herbal/Traditional Products in the Czech Republic, Herbal/Traditional Products in the Netherlands, Herbal/Traditional Products in the Philippines, Herbal/Traditional Products in the United Arab Emirates, Herbal/Traditional Products in the United Kingdom, Herbal/Traditional Products in Uzbekistan, Owning Health: The Move Towards Self-care and Implications for Marketers, Boehringer Ingelheim GmbH in Consumer Health, General Nutrition Centers in Consumer Health, General Nutrition Centers Inc in Consumer Health, Glaxosmithkline Plc and Novartis AG in Consumer Health: Prospects for Their New Joint Venture, Herbalife Nutrition Ltd in Consumer Health, Nu Skin Enterprises Inc in Consumer Health, Procter & Gamble Co, The (P&G) in Consumer Health, Procter & Gamble Co, The in Consumer Health, Reckitt Benckiser Plc (RB) in Consumer Health, Taisho Pharmaceutical Co Ltd in Consumer Health, Takeda Pharmaceutical Co Ltd in Consumer Health, Analysis of key supply-side and demand trends, Detailed segmentation of international and local products, Historic volumes and values, company and brand market shares, Five year forecasts of market trends and market growth, Robust and transparent market research methodology, conducted in-country. In many countries, particularly resource poor settings, consumers pay the full cost of the medicine, commonly referred to as consumer out-of-pocket payments, which contrib… Global Herbal Medicine Market Professional Research Report 2014-2026, Segmented by Players, Types, End-Users in Major 40 Countries or Regions VAT No. People in Vietnam… 1.3.3 Global Herbal Medicine Market Size and Growth Rate of Active Ingredient from 2014 to 2026. With millennial history, Vietnamese traditional medicine is invaluably national treasure due to the amazing curative effects reported. The other traditional medicine that is also practiced in Vietnam is traditional Chinese medicine, also known as Northern Herbology. Increase in trend of using herbal medicines with natural ingredients is projected to create opportunities in the herbal cosmetics market during the forecast period. The most influential Megatrends set to shape the world through 2030, identified by Euromonitor International, help businesses better anticipate market developments and lead change for their industries. Advertisement | The report includes country-wise and region-wise market size for the period 2015-2026. As with Western medicine, self-diagnosis is not advisable - see a doctor. Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis. According to the evaluation, Vietnam spends as much as US$2 billion per year on medicinal imports. In recent days, modern medicine has been subject to gain an increasing dominance; however, Southern indigenous medicine that is focused on radical cure rather than crash therapy is still given a priority. ★ Poor ★ ★ Promising ★★★ Good ★★★★ Very good ★★★★★ Exceptional. 1.4 Market Segmentation by End-Users Data of IBM Research showed that Vietnam’s medicine market size in 2017 was estimated to be around US$4.7 billion, and is expected to surge to US$7.7 billion in 2021. Herbal/Traditional Products in Vietnam Herbal/Traditional Products in Vietnam Demand for herbal/traditional products continued to increase in 2019, especially within dietary supplements, cough, cold and hay fever - Market research report and industry analysis - 12729089 Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis. Photo about Traditional dried herbs in vietnam market. Introducing enhanced country reports featuring interactive datagraphics, charts and analysis. The global natural medicine market is divided into different segments based on the regions that are covered in the report. Another deal was by the Japanese Taisho Corporation becoming a major shareholder in DHG Pharma with a stake of 24.4%. Meanwhile, the country’s medicine export revenue totaled only US$113 million last year. Licence No. In fighting disease, most remedies are based on western medicine, but the majority of people have little awareness of disease prevention from herbs. Global Herbal Medicine market size will increase to 2149000 Million US$ by 2025, from 1250700 Million US$ in 2017, at a CAGR of 7.0% during the forecast period. The Organic Herbal Medicine market has witnessed growth from USD XX million to USD XX million from 2014 to 2019. As the trend for natural products increases, growth for herbal/traditional products continues to increase in 2020, with the upward trend for natural items further boosted by the outbreak of COVID-19. Purchase the Herbal/Traditional Products in Spain country report as part of our herbal/traditional products market research for November 2020. Other than COVID-19, one of the main factors expected to maintain growth in herbal/traditional products in Vietnam in 2020 is the rapidly ageing population. Traditional Medicine in Vietnam. Awareness and practice of business integrity and CSR will be improved amongst members of herbal medicine value chains. In China, traditional herbal medicine played a prominent role in the strategy to contain and treat severe acute respiratory syndrome (SARS).1 Eighty per cent of African populations use some form of traditional herbal medicine,… Address: 47 Quan Thanh St, Ba Dinh Distr, Hanoi, Vietnam - Tel: (024) 3845 0537, Main Markets : Worldwide; Main Products : Drug & Raw Material Pharmaceutical, Links : Health & Medicines, Herbs & Medicines, Other Herbs & Medicines, Company Introduction. Vu baodautu.vn | Gain competitive intelligence about market leaders. The Herbal/Traditional Products in Vietnam market research report includes: Our market research reports answer questions such as: This industry report originates from Passport, our Consumer Health market research database. The global OTC Herbal and Traditional Medicines market is valued at 132800 million US$ in 2018 and will reach 159800 million US$ by the end of 2025, growing at a CAGR of 2.7% during 2019-2025. The report dispenses a comparative study of popular players in the organic herbal medicine market and traditional Chinese medicine market which … Herbal remedies are becoming increasingly popular in many countries. A total of 60 one-day-old commercial chicks were randomly divided into 6 groups. 1021-318X Global Herbal Medicine Market size was valued at USD 84.5 billion in 2019 and is anticipated to grow at a CAGR of 20.5% From 2020-2026 The study. Herbal medicine, much of it imported from China, ... As the cup cools, a partial vacuum is produced, leaving a nasty-looking but harmless red circular mark on the skin, which goes away in a few days. A number of traditional medical treatments are practised in Vietnam. Interested in more insights? © 2021 Euromonitor is privately owned & trademarked. Company Information. For example, Abbott has acquired a 51.69% stake in Domesco, having completed procedures for a buyout of Glomed in August 2016. Data of IBM Research showed that Vietnam’s medicine market size in 2017 was estimated to be around US$4.7 billion, and is expected to surge to US$7.7 billion in 2021. Europe has emerged as the largest market for herbal medicine. Organic Herbal Medicine Market and Traditional Chinese Medicine Market 2020 With Increasing Demand Analysis, Current Trend, Suppliers, Scope, … Birds in groups A and B were treated with a natural herbal medicine including Echinacea, Licorice and Propolis extracts (250 ml/1000 L DW) from 5 to 45 days of age. If you want remove this page, please contact us. Are Ayurvedic or Traditional Chinese Medicine products available in Vietnam? Nguyen Quoc Viet In 2020, herbal/traditional products is expected to remain one of the most fragmented consumer health categories, with a strong presence of small domestic players, and no player holding a double-digit value share. Managing Editor: Nguyen Chi Mai, Vietnam Investment Review under the Ministry of Planning and Investment Report ID: 98229 3300 Pharma & Healthcare Dataintelo 131 Pages 4 (43) Report Details. Scope Of The Report: 2.Global Herbal Medicine Market, By Product Type Market 2019-2024 (Volume/Units) 2.1 Medicinal Part Market 2019-2024 (Volume/Units) - Global Industry Research 2.2 Medicine Function Market 2019-2024 (Volume/Units) - Global Industry Research 2.3 Active Ingredient Market 2019-2024 (Volume/Units) - Global Industry Research Middle Year Festival, traditional medicinal of Vietnamese people, Hoi An market, Hoi An old town, Vietnam. It also includes market size and forecast by Type and by Application segment in terms of sales and revenue for the period 2015-2026. Herbal supplements market is expected to reach USD 85.1 billion by 2027 growing at a growth rate of 6.60% in the forecast period 2020 to 2027. The increasing interest of the individuals in this industry is that the major reason for the expansion of this market”. 1.3.2 Global Herbal Medicine Market Size and Growth Rate of Medicinal part from 2014 to 2026. It is influenced by traditional Chinese medicine. Inform your marketing, brand, strategy and market development, sales and supply functions. In this study, 2017 has been considered as the base year and 2018 to 2025 as the forecast period to estimate the market size for Herbal Medicine. According to investors, Vietnam is an attractive pharmaceutical market with an average medicine consumption of 2017 reaching US$56 per capita. Subscribe now and receive the latest news and updates! The Global market for Alternative Medicine is estimated to grow at a CAGR of roughly X.X% in the next 8 years, and will reach USD X.X million in 2027, from USD X.X million in 2020. Table of Content. The Herbal Medicine market report has numerous segments clarifying the significance of statistical surveying for the following forthcoming decade (2020-2027). 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