Tracks:

1.    Traditional Use & Safety of Herbal Medicines:  

About 150 years ago, natural herbs were the main medication for treating human diseases. It has been estimated that 28% of modern medicines are made from plants first used traditionally, such as aspirin, artemisinin, ephedrine, and paclitaxel.

With the wide application of chemical drugs, herbal medicine and other traditional therapies have shown sharp contraction. The results of Western medicine treatment are not satisfactory and problems of the adverse drug reaction are also very prominent. The reciprocal and alternative treatment, mostly the herbal medicine, has gained more recognition and has also become in demand.

-         Traditional Korean Medicine

-         Indian traditional Medicine

-         Japanese Traditional Medicine

-         Arabic and Unani Medicine

-         African Traditional Medicine

2.    Therapeutic Plants & Material: 

Various kinds of plants mainly used in Herbal Medicine. Herbs include crude plant material, such as leaves, flowers, fruit, seeds, Stems, wood, bark, roots, rhizomes or other plant parts which may be entire, fragmented or powdered.

-         Herbal Plants

-         Ayurvedic medicinal plants

-         Raw herbs and plant extracts

3.    Chinese Herbal Medicines:  

Chinese Herbal Medicines aims to provide a forum for the studies on Chinese herbal medicines, natural products, and traditional medicines. The journal includes studies on active ingredients and complex formulations of herb medicines in medicinal resource, phytochemistry, pharmacology, toxicology, pharmacokinetics, and therapeutic function through experimental and clinical trials. The aim of the journal is to disseminate the latest developments in pharmaceutical sciences to researchers and practitioners.

-          Chinese herbal medicine

-          Acupuncture

-          Tai chi

4.    Herbal Drug Procreation & Manufacturing:

Herbal procreation shall mean a dosage from consisting of one or more herbs or processed herbs in specified quantities to provide nutrition and other benefits meant for use to diagnose as well as mitigate diseases of human beings and animals.

-         Herbal Formulation

-         Challenges In Herbal Formulation

-         Constrain In Herbal Formulation

-         Ayurvedic Formulation

-         Concept Of Detoxification

5.    Ayurvedic Medicines:

Ayurvedic medicine (Ayurveda) is one of the world’s oldest medical systems, it originated in India and has evolved there over thousands of years. It is a holistic healing science. Ayurvedic practice involves the use of medications that typically contains herbs, metals, minerals and other materials. There most of the larger ayurvedic medicine suppliers (Dabur, Baidyanath) provide materials other than ayurvedic internal medicines, particularly in the areas of foods and toiletries (soap, toothpaste, shampoo etc.)

6.    Toxicological Studies of Plant Products:

Medicinal herbs as a potential source of therapeutics aids has attained a significant role in Health system all over the world for both humans and animals not only in the diseased condition but also as potential material for maintaining proper health care. Traditional medicines are generally considered safe due to long history of being in practice especially under the specified conditions for use reported in ancient literature. The goal is to depict the systemic introduction to the test substance in creatures and its relationship to dosage level and the time course of the Toxic kinetics, creatures' models and measurement bunches.

7.    Pharmacognosy :

Pharmacognosy is the study of medicines derived from natural sources. The American Society of pharmacognosy defines pharmacognosy as the study of the physical, chemical, biochemical and biological properties of drugs or drugs substances of natural origin as well as the search for new drugs from natural sources.

-         Modern Isolation Techniques.

-         Pharmacological Testing Procedures To Prepare Purified Substances.

-         Cultivation and Propagation by Tissue Culture.

8.    Phytotherapy:

Phytotherapy (Herbal Medicine) the use of plant-derived medications in the treatment and prevention of disease. This a science-based medical practice and thus is distinguished from other, more traditional approaches such as medical herbalism, which relies on an empirical appreciation of medicinal herbs and which is often linked to traditional knowledge.

-         Homeobotanicals

-         Herbalism

-         Herbal Plants

9.    Herbal Therapy In Veterinary Medicine:

Herbal veterinary health products include herbal methionine, poultry feed additives, cattle feed supplements, immunity booster, veterinary medicines and feed additives etc.

-         Veterinary Herbal Medicines

-         Veterinary Homeopathy

10.  Herbal Skin Care & Cosmetics:

Using various permissible cosmetic ingredients to form the base in which one or more herbal ingredients are used to provide defined cosmetic benefits only, shall be called as herbal cosmetics. The skin and hair beauty of individuals depends on the health, habits, routine job, climate conditions and maintenance.

-         Herbal Skin Care Products

-         Herbal Hair Care Products

11.  Herbal Medicine Business:

According to market report the Herbal Medicine Market is valued at USD 3.5 billion in 2015 and is expected to reach USD 7.5 billion by the end of 2022, it’s growing at a CAGR of 25% between 2015 to 2022. Geographically, this report is segmented into several key regions, with production, consumption, revenue million USD, market share and growth rate of Herbal Medicine in the regions, from 2012 to 2022 about 10 years forecast, which is covering North America, China, Europe, India, Japan, Southeast Asia.

12.  Current & Future Trends In Herbal Medicines:  

Herbal Medicine make up an important component of the trend toward alternative medicine. It’s becoming ever more popular in today’s world as people seek out natural remedies. It provides and aimed to explain the therapeutic efficiency of various Herbal Medicine adverse drug reactions, standardization, drug interactions and stability testing of Herbal Medicine

Introduction:

Traditional medicine is defined as the sum total of understanding, skills and practices based on the philosophies, principles and practices original to different cultures that are used to maintain health, as well as to prevent, diagnose, improve or treat physical and mental illnesses.

Herbal medicines are a part of Traditional Medicine/ alternative or complementary medicine. Herbal medicines are classified as herbs, herbal supplements, herbal preparations, and finished herbal products that contain parts of herbal plants or other herbal plant materials as key ingredients.

Botanical medicine: Botanical medicine comprises plants (or substances that come from plants) that are used to treat or prevent disease. Plants have been used in this way in all cultures from pre-history on.

Many people use the term herbal remedies, which is fine. We use the term botanical medicine because it includes plant parts that are not strictly herbs, such as bark, seeds, roots, and stems.

Market Synopsis:

The global herbal supplements and remedies market is forecast to reach $107 billion by the year 2017, spurred by growing aging population and increasing consumer awareness about general health and well-being, according to a new report from Global Industry Analysts. Additionally, the fact that herbal supplements and remedies cause little or no side effects and provide greater efficacy is also proving to be a major factor aiding market growth.

The factors that fuelled growth in the market include widespread acceptance of functional foods, rise in consumer confidence to include herbs in preventive health and alternative medicine regimens, supplier innovations, and the much awaited release of Current Good Manufacturing Practices (CGMP) for dietary supplements by FDA.

 

Market Report on Traditional , Herbal and Botanical Medicines

As per the latest market report the global herbal medicinal market revenue is expected to grow at healthy CAGR of 7.6% over the forecast period of 10 years, i.e. 2017-2027.  The global market for herbal medicinal product market represents absolute $ opportunity of USD 8,858.3 million in 2018 over 2017 and incremental opportunity of USD 142.07 Billion between 2017 and 2027. In terms of value, this market is likely to reach at USD 272.64 Billion in 2027.

Europe is the largest region for herbal supplements and remedies, as stated by the one new market research report accounting for the largest share of the world market. Asia-Pacific and Japan make up the other important markets for herbal supplements on a global basis. In terms of growth rate, the Asia-Pacific market, led largely by China and India is set to cover the way with the highest CAGR of 10.5% through 2017.

As per the WHO report: T&CM practices vary widely from country to country with certain practices (sometimes called modalities) regarded differently depending on the culture, understanding and accessibility of conventional medicine. A practice where significant progress has been made is acupuncture. Although acupuncture was originally a feature of traditional Chinese medicine, it is now used worldwide. According to reports supplied by 129 countries, 80% of them now recognize the use of acupuncture.

Fig: The Use of Acupuncture by Member States

 

Global Products Market of Herbal Medicine:

According to one of famous market report; the Herbal Medicine market is segmented into hospital pharmacies, retail pharmacies, mail order pharmacies and E-commerce. With 8.6% CAGR, hospital pharmacies segment is expected to dominate the market by reaching a value of USD 113.74 Billion in 2027. Retail pharmacies and Mail order pharmacies are expected to be the second and third largest distribution channel segment of herbal medicinal products market, with market attractiveness index of 0.9 and 0.8 respectively.

Asia Pacific and Latin America are two regions that have contributed immensely toward the market growth. Countries such as China, India, Malaysia, and Singapore are expected to boost the demand for herbal supplements owing to increased focus on using herbal products, a rise in research activities on dietary supplements, and growing acceptance rate for herbal remedies.

Global Players of Plant Extract Market:

There are some famous companies across the globe to extract plant are…

·         Organic Herb Inc.

·         Plant Extracts International Inc.

·         Lehmann & Voss & Co.

·         MB-Holding GmbH & Co.KG

·         Kalsec Inc.

·         Alkaloids Corporation

·         Nantong Sihai Plant Extracts Co. Ltd

·         Prinova Group

·         K Patel Group

·         Indena USA Inc.

The companies are expected to expand their business by enhancing their product portfolio in global Plant extract market. The companies are projected to frame certain strategies in future in order to gain the competitive advantage in global Plant extract market till 2024.

 

Population using TM/CAM worldwide:

Fig.2-Popular developing countries are using traditional medicine for primary health care.

 

 

Fig.3-The developed countries have used complementary & alternative medicines.

 

Market Segment by Product:

As per the herbal medicine market report by Hexa Research: The global herbal medicine market size was valued at USD 71.19 billion in 2016 and is expected to exhibit profitable growth over the forecast period. The increase is attributed to the increasing preference of consumers towards traditional medicines (Ayurveda, Unani and Traditional Chinese Medicine) which do not cause overdose toxicity and have fewer side effects. In addition, increasing substantial research investments and funding will support the market growth in near future.

Fig.4- Market Segment Scenario.