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Nuclear Medicine Market Worth USD 15.8 Million by 2025 | CAGR of 10.1%

The MarketWatch News Department was not involved in the creation of this content.

Dec 03, 2020 (Heraldkeepers) —
The latest report pertaining to ‘Nuclear Medicine Market’ provides a detailed analysis regarding market size, revenue estimations and growth rate of the industry. In addition, the report illustrates the major obstacles and newest growth strategies adopted by leading manufacturers who are a part of the competitive landscape of this market.

Nuclear Medicine Market is valued at USD 8.12 Million in 2018 and expected to reach USD 15.8 Million by 2025 with CAGR of 10.1% over the forecast period.

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Top Nuclear Medicine Companies

Nuclear Medicine Market Report covers prominent players are like,

Bracco Imaging S.P.A.
Cambridge Isotope Laboratories, Inc
Cardinal Health, Inc.
Covidien, Plc
Eczacibasi-Monrol
Fujifilm Holdings Corporation
GE Healthcare (Subsidiary Of General Electric Company)
IBA Group
Isotec, Ntp Radioisotopes (Pty), Ltd
Siemens Healthcare (Subsidiary Of Siemens AG)
Taiyo Nippon Sanso Corporation
Urenco Limited
Rotem Industries, Ltd., Inc.

Nuclear Medicine Market report is segmented on the basis of type, procedural volumes, application, end-user and regional & country level. Based upon type, nuclear medicine market is classified as diagnostic nuclear medicine, therapeutic nuclear medicine, research nuclear medicine and other. Based upon procedural volumes, nuclear medicine market is classified into diagnostic procedures, therapeutic procedures and other. Based upon application, nuclear medicine market is classified into oncology, cardiology, neurology, thyroid, lymphoma, endocrinology and other. Based upon end-user, nuclear medicine market is classified into diagnostic centers, hospitals, research centers and other.

Market Analysis of Nuclear Medicine-

Nuclear medicine is involving the application of radioactive substances in the diagnosis and treatment of various diseases. Nuclear Medicine images can support the physician in diagnosing of many diseases and conditions such as analyze kidney and spleen function, image blood flow and function of the heart and scan the lungs for respiratory and blood-flow problems. Nuclear medicine uses radioactive materials helps to diagnose and treat a wide variety of diseases and disorders. It provides unique information about the human body and health. Nowadays nuclear medicine is expected to be the most sensitive approach to measure in vivo physiology, biochemistry and metabolism. The future development of nuclear medicine depends on an infrastructure of physics, mathematics and chemical biology.

The regions covered in this Global Nuclear Medicine market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, market of Nuclear Medicine is sub divided into U.S., Mexico, Canada, UK, France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.

Global Nuclear Medicine market Report covers prominent players are like Bracco Imaging S.P.A., Cambridge Isotope Laboratories, Inc., Cardinal Health, Inc., Covidien, Plc, Eczacibasi-Monrol, Fujifilm Holdings Corporation, GE Healthcare (Subsidiary Of General Electric Company), IBA Group, Isotec, Ntp Radioisotopes (Pty), Ltd., Siemens Healthcare (Subsidiary Of Siemens AG), Taiyo Nippon Sanso Corporation, Urenco Limited, Rotem Industries, Ltd., Inc. and others.

Increasing prevalence of anxiety and diagnosis of various

fitness

Global fitness app market size valuation to reach USD 15.96 billion by 2026

Selbyville, Delaware, Nov. 24, 2020 (GLOBE NEWSWIRE) — As per reliable estimates, worldwide fitness app market size is predicted to reach USD 15.96 billion mark by 2026. Rising concerns associated with unhealthy habits, evolving consumer lifestyle, and growing obese population are some of the key factors propelling the market expansion.

The study elaborates on several market segmentations including app type, device type, OS platform type, and regional outlook. Additionally, the document conducts a thorough SWOT analysis of various companies operating in this business sphere.

The research report also analyzes the impact of COVID-19 outbreak on industry expansion graph and valuation in the ensuing years, further allowing for advanced decision-making during investment assessment.

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The surge in obese population coupled with rising adoption of sedentary lifestyle have resulted in increased pervasiveness of diseases such as hypertension and diabetes. In addition to this, rising per capita income along with increasing awareness pertaining to health and nutrition are stimulating the overall industry outlook.

According to industry analysts, the number of gym and health club memberships has significantly increased in the recent past. Additionally, rising smartphone penetration, widespread adoption of mobile devices, and easy accessibility to high-speed internet are positively impacting the remuneration scale of global fitness app market.

Availability of numerous types of fitness apps such as Sweat: Kayla Itsines Fitness and Runstatic coupled with high concentration of companies are also facilitating the business scenario. In 2015 for instance, Adidas acquired the Austrian company Runstatic in order to improve its overall market share. Thus, focus among major companies towards expanding their product portfolio through innovative launches and strategic collaborations are aiding the expansion of global fitness app market.

Highlighting the regional outlook

Global fitness app industry is bifurcated into North America, Asia-Pacific, Europe, Latin America, and Middle East & Africa. According to authentic estimations, North America is expected to capture majority market share by the year 2026.

Growing population and surging disposable income are favoring the regional market outlook. Moreover, widespread adoption of sedentary lifestyle and rising health concerns have augmented the demand for fitness apps, which in turn is positively swaying the business dynamics in North America.

Meanwhile, Asia-Pacific fitness app market is set to record the highest CAGR through 2026. Factors such as growing purchasing power, rising health cognizance, high concentration of fitness centers, and increasing smartphone penetration have allowed Asia-Pacific to emerge as a major revenue generator for worldwide fitness app market.

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Global Fitness App Market by App Type (Revenue, USD Billion, 2015-2026)

Medication Adherence
Lifestyle Management
Nutrition & Diet
Disease Management
Workout & Exercise Apps

Global Fitness App Market by Device Terrain (Revenue, USD Billion, 2015-2026)

Wearable Devices
Tablets
Smartphones

Global Fitness App Market by OS Platform (Revenue, USD Billion, 2015-2026)

Global Fitness App Market Regional Outlook (Revenue, USD Billion, 2015-2026)

North America

Europe

Netherlands
Russia
Belgium
Spain

fitness

North America Fitness Equipment Market Size to Cross USD 6 Billion by 2026

Pune, Maharashtra, November 19 2020 (Wiredrelease) Graphical Research :According to the Graphical Research new growth forecast report titledNorth America Fitness Equipment MarketShare is set to Outpace USD 6 billion by 2026. Advanced technology landscape in North America will support the adoption of digitally connected gym equipment. There is a growing trend of connected fitness experience with several companies incorporating digital technologies in machines. Developments in technologies, such as cloud, AI, and wearable technology, will encourage people to adopt modern exercise techniques that enable immersive workout experiences. In October 2019, Nautilus launched a digital platform JRNY that uses AI to offer customized workouts, adjusting automatically with the user.

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The ongoing coronavirus pandemic will negatively impact the North America fitness equipment market. The temporary closure of gyms and health clubs with the lockdown imposed by government organizations in the first quarter of 2020 has hampered the demand for fitness machines. With relaxations in the lockdown rules followed by the reopening of gyms, the fitness equipment industry will regain traction. With the increasing awareness about health immunity during the health crisis, there will be a demand for the equipment from fitness enthusiasts working out from their homes.

The demand for robust strength training equipment for bone health and enhanced joint flexibility will support North America fitness equipment market growth. The American Heart Association recommends strength training at least twice a week. Strength equipment enables to increase bone density and reduces the risk of fractures. It also helps to maintain flexibility in joints and reduce the symptoms of arthritis. Several companies are launching enhanced strength training equipment to enhance their product landscape. In March 2018, Matrix Fitness launched a training console that offers a guided training experience and facilitates strength training for new learners.

Companies including Google, Microsoft Corporation, and Intel Corporation are incorporating gyms in their infrastructure and have well-equipped fitness centers. Corporate offices integrate gyms into their campus to enhance employee productivity and ensure their health wellbeing. Retro Fitness is a health club franchise with around 120 locations across the U.S. They have a corporate sponsored wellness program that collaborates with companies, enabling them to integrate gyms into the work environment to boost employee productivity.

The growing trend of health club memberships in the U.S. will surge the demand for high-quality fitness equipment. According to IHRSA, gym memberships surpassed 62 million in 2018, an increase of 2.6% from the statistics in 2017. Gym memberships ensure a consistent exercise routine, ensuring enhanced fitness. Several fitness centers also offer discounts on memberships to maintain long-term contracts with new customers and retain the existing consumers. The rise in the number of memberships will encourage health club owners to equip their facilities with high-end machines, boosting fitness equipment market growth.

Major players in the market include Technogym S.p.A., Icon Health Fitness Inc., Johnson Health Tech, Fitness EM LLC., Amer Sports Corporation, Nautilus Inc., Torque Fitness, and True Fitness. Players are focusing on integrating advanced technologies into their

fitness

North America fitness equipment market valuation to surpass USD 6 billion by 2026

Selbyville, Delaware, Nov. 18, 2020 (GLOBE NEWSWIRE) — According to industry experts, North America fitness equipment market size is projected to exceed USD 6 billion by the year 2026. Rising adoption of digitally connected gym equipment facilitated by the presence of an infrastructure well-equipped with the state-of-art technology is accelerating the industry growth in the region.

Proceeding further, the research literature sheds light on the industry segments including equipment type, end-use scope, and geographical bifurcation. It extends a detailed account of the leading industry players and evolving competitive landscape. In addition, the study hosts cases studies on the impact of Covid-19 and predicts its aftereffects for a stronger realization of the growth potential.

Moreover, rising focus among several companies towards providing a connected and immersive fitness experience by integrating digital technologies in machines, along with advancements in AI, cloud, and wearable technology is augmenting North America fitness equipment industry growth. For instance, Nautilus Inc., a US-based fitness equipment manufacturer, in October 2019, launched a digital platform JRNY that utilizes AI to offer customized workouts by automatically adjusting to the user behavior.

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Besides, increasing discounts on membership subscription for ensuring long-term contracts with new customers as well as existing consumers is positively impacting the business outlook.

Covid-19 impact:

The implications of Covid-19 outbreak have rippled across all sectors; however, fitness industry has been severely affected by the pandemic. The temporary closure of all non-essential businesses, including gyms and health clubs, as mandated by the government in Q1 of 2020 has disrupted the supply-demand chain for fitness machines, thereby hindering North America fitness equipment market expansion.

On the bright side, relaxations in lockdown rules and slow reopening of gyms is likely to rejuvenate the industry in the near-future. Besides, with growing awareness regarding health and immunity during these uncertain times, the central factor for people is to maintain and boost their health at home, which is likely to propel the demand for fitness equipment.

Equipment type overview:

North America fitness equipment market from strength training segment is likely to gain considerable traction in the upcoming years. Strength training equipment aids in increasing bone density, ultimately reducing the risk of fractures. Moreover, it allays the fear of arthritis by ensuring flexibility of joints. These health benefits coupled with new product launches are boosting the segmental share.

End-use scope:

Corporates offices are slated to contribute significantly to North America fitness equipment industry remuneration with major organizations like Google, Microsoft, and Intel incorporating gyms in their infrastructure in an effort to raise employee productivity and ensure their wellbeing.

For the record, Retro Fitness, a health club franchise present in about 120 locations across the U.S., boast of a corporate sponsored wellness program that works with companies to integrate gyms in office premises. Such programs and initiatives between corporates and equipment providers will propel the segment growth in the upcoming years.

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medicine

Global Precision Medicine Market Size to Worth USD 86.77 billion by 2025

Precision Medicine Market Size

As per the report published, the size of the global Precision Medicine Market is forecasted to worth USD 86.77 billion by the end of 2025, registering a CAGR of 11.5% from 2020 to 2025.

Key Market Drivers:

The significant factor driving the growth of the global precision medicine market is the advancements in the technology in completing a sequence of the human genome and thus helping in the production of precision medicines. Precision medicine has many advantages, like providing efficient treatment customized to patients’ needs and categories of disease. Precision medicine usage reduces the overall cost of the treatment as the usage is less due to more efficiency. Another driving factor is that the use of precision medicines can help decrease the administration of medications. The increasing government and private initiatives to increase awareness among people will boost market growth further.

Browse TOC and other details of the global precision medicine market research report that spread through 160 pages @ https://www.marketdataforecast.com/market-reports/precision-medicine-market

Significant Challenges:

The key factor restraining the global precision medicine market growth is the high diagnostic cost associated with the usage of precision medicines. Other negatively influencing factors are potential threats to personal data and stringent regulations and standards. Lack of awareness among people regarding the functions of precision medicine will hinder the market growth in the future.

Impact of COVID-19 on the global precision medicine market:

COVID-19 has positively impacted the precision medicine market. Precision medicine can effectively help in the treatment of coronavirus if more research and development is done by private and government companies to find the cure. The increasing research and development being done due to increasing government initiatives to find the cure as soon as possible have positively impacted the development side of this medicine. The precision medicines can also be used to treat and manage the symptoms of other diseases whose symptoms get elevated due to coronavirus. Increasing collaborations between government and private market players to develop a cure as soon as possible has opened new doors for the development of the precision medicine market.

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This research report on the global precision medicine market has been segmented and sub-segmented based on the cell type, technique, application, end-user, and region.

By Technology:

Big Data Analytics
Bioinformatics
Gene Sequencing
Drug Discovery
Companion Diagnostics

By Application:

Oncology
CNS
Immunology
Respiratory
Others

By Region:

North America
Europe
Asia Pacific
Latin America
The Middle East and Africa

Regionally, North America is estimated to dominate the global precision medicine market during the forecast period. The main factor driving the growth of this region is the advancement in gene mapping technology in this region. The increasing geriatric population and the increasing prevalence of chronic diseases around the world are other major markets boosting factors. The overall development of healthcare services is responsible for the increasing growth rate.

The European region had the second-largest market share in 2019 and is expected

medicine

Sports Medicine Market Size To Grow USD 10.67 Billion by 2025

The MarketWatch News Department was not involved in the creation of this content.

Sports Medicine Market Size

Nov 03, 2020 (Market Insight Reports) —
According to the report published, the size of the global sports medicine market is forecasted to worth USD 10.67 Billion by the end of 2025, registering a CAGR of 8.1% from 2020 to 2025.

Key Market Drivers

The significant factor contributing most to the market growth is growing cases of sports injuries due to the increasing population and rising awareness about the benefits of playing sport. Technological advancement in sports medicine equipment is the key to the development of this market during the forecast period. The growing focus of private and government institutions to build better sports infrastructure will boost the growth of the sports medicine market. The increasing scholarships and corporate funds for the development of players will positively influence the market. A shift from proactive to preventive care for sports injuries is further expected to drive the market for sports medicine over the forecast period.

Browse TOC and other details of the global sports medicine market research report that spread through 160 pages @https://www.marketdataforecast.com/market-reports/sports-medicine-market

Significant Challenges

The key factor hindering the growth of the market is the rise in product recalls related to sports medicine equipment. The lack of healthcare infrastructure at some places due to low awareness and fewer government initiatives is also restraining the market growth. A lack of sporting culture and the high cost of medicines are also factoring responsible for the slow development of sports medicine in some countries.

Impact of Covid-19 On the Global Sports Medicine Market:

COVID-19 is expected to negatively impact the market during the forecast period. The surge in cases of positive corona cases all across the world has forced the governments to impose the lockdown to restrict the virus spread. This halted the sports-related activities for approximately eight months and severely impacted the revenue of the sports medicine market. As the restrictions are getting lifted, we can see more sports-related activities like football and cricket and thus increasing the demand for sports medicine products. However, the fear of the second wave of coronavirus may lead to stricter lockdown in many countries and negatively impacting the market growth rate.

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This research report on the global sports medicine market has been segmented & sub-segmented into the following categories:

By Product:

Reconstruction and Repair
- Implants
- Prosthetics
- Arthroscopy Devices
- Fracture and Ligament Repair Products
- Orthobiologics
Support and Recovery
- Braces and Support
- Thermal Therapy Products
- Topical Pain Relief Products
- Compression Clothing
- Monitoring Devices
- Other Body Support and Recovery Products
Accessories

By Application:

Head Injuries
Shoulder Injuries
Elbow and Wrist Injuries
Back and Spine Injuries
Hip and Groin Injuries
Knee Injuries
Foot and Ankle Injuries

By Region:

North America
Europe
Asia Pacific
Latin America
Middle East and Africa

North America dominated the global sports medicine market in terms of revenue in 2019 and is

medicine

Global Sports Medicine Market Size To Worth USD 10.67 Billion by 2025

Sports Medicine Market Size

According to the report published, the size of the global sports medicine market is forecasted to worth USD 10.67 Billion by the end of 2025, registering a CAGR of 8.1% from 2020 to 2025.

Key Market Drivers

Browse TOC and other details of the global sports medicine market research report that spread through 160 pages @ https://www.marketdataforecast.com/market-reports/sports-medicine-market

Significant Challenges

Impact of Covid-19 On the Global Sports Medicine Market:

Avail free sample brochure of the report to evaluate the usefulness, ask a copy @ https://www.marketdataforecast.com/market-reports/sports-medicine-market/request-sample

This research report on the global sports medicine market has been segmented & sub-segmented into the following categories:

By Product:

Reconstruction and Repair
- Implants
- Prosthetics
- Arthroscopy Devices
- Fracture and Ligament Repair Products
- Orthobiologics
Support and Recovery
- Braces and Support
- Thermal Therapy Products
- Topical Pain Relief Products
- Compression Clothing
- Monitoring Devices
- Other Body Support and Recovery Products
Accessories

By Application:

Head Injuries
Shoulder Injuries
Elbow and Wrist Injuries
Back and Spine Injuries
Hip and Groin Injuries
Knee Injuries
Foot and Ankle Injuries

By Region:

North America
Europe
Asia Pacific
Latin America
Middle East and Africa

North America dominated the global sports medicine market in terms of revenue in 2019 and is expected to be in the same spot during the forecast period. The presence of well-developed healthcare infrastructure, along with technologically

health

Sinus Dilation Devices Market revenue to cross USD 3.3 Bn by 2026: Global Market Insights, Inc.

China sinus dilation devices market is estimated to show significant growth of 11.6% till 2026 on account of a large patient base prone to chronic sinusitis disorder along with increase in healthcare expenditure across the country

Selbyville, Delaware, Nov. 03, 2020 (GLOBE NEWSWIRE) —

According to latest report “Sinus Dilation Devices Market Product (Balloon Sinus Dilation Devices, Sinus Implants, Handheld Instruments, Sinuscopes, Rhinoscopes), Procedure (Standalone Sinus Dilation Procedures, Hybrid Sinus Dilation Procedures), End-use (Hospital, Physicians Office, Ambulatory Surgical Centers), Regional Outlook, Price Trends, Competitive Market Share & Forecast 2026”, by Global Market Insights, Inc., the market valuation of sinus dilation devices will cross $3.3 billion by 2026.

Increasing number of patients suffering from sinusitis will propel the industry growth in the coming years. With rising prevalence of sinusitis, high inflow of patients in ENT clinics and hospitals are leading to increased adoption of sinus dilation devices among physicians. According to a report by the National Institutes of Health, each year approximately 37 million people in the U.S. are affected by chronic rhinosinusitis. Moreover, growing prevalence of chronic sinusitis has compelled the manufacturers to expand their business by developing advanced sinus dilation devices.

Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/2749

Growing technological advancements, reimbursement policies for sinus dilation procedures and rising demand for cost-effective treatments are further driving the sinus dilation devices market growth. Increasing geriatric population coupled with rising prevalence of chronic diseases will further augment the demand for sinus dilation devices.

Balloon sinus dilation devices segment valued over USD 610 million in 2019 led by the increased preference for balloon sinus dilation procedures owing to its high safety and efficacy. The medical and insurance companies provide reimbursement for procedures requiring the use of balloon sinus dilation devices. In addition, these devices are preferred due to additional benefits such as less risk of post-operative infection, reduced dependence on pain medications, and limited risk of tissue damage or scarring.

The standalone sinus dilation procedure segment valuation was more than USD 1,372 million in 2019 driven by rising prevalence of osteitis in sinuses, that has led to a significant rise in the number of standalone balloon sinus ostial dilation (BSOD) procedures performed each year. Standard sinus dilation procedures are proven to be safe, effective and a better alternative to functional endoscopic sinus surgery (FESS). Standalone sinus procedures have very low surgical revision rates with 1-year follow up and hence, patients increasingly prefer to undergo standalone sinus dilation procedures.

Hospital end-use segment in the sinus dilation devices market exceeded USD 902 million in 2019impelled by the growing number of outpatient sinus dilation procedures along with rising healthcare professionals in hospitals with the ability to perform complex sinus procedures. The ongoing pandemic has led to an exponential increase in number of patients suffering from sinusitis. This in-turn has fueled the demand for sinus dilation procedures in the hospital settings.

China sinus dilation devices market is estimated to show significant growth at 11.6% till 2026 on account of a

fitness

Online Fitness Market Size to Reach USD 59,231 Billion by 2027 | CAGR of 33.1%

BANGALORE, India, Oct. 29, 2020 /PRNewswire/ — Online/Virtual Fitness Market by Streaming Type (Live, and On-demand), Device Type (Smart TV, Smartphones, Laptops Desktops & Tablets, and Others), Session Type (Group and Solo), Revenue Model (Subscription, Advertisement, and Hybrid) and End User (Professional Gyms, Sports Institutes, Defense Institutes, Educational Institutions, Corporate Institutions, Individuals, and Others): Global Opportunity Analysis and Industry Forecast, 2020-2027 – Published on Valuates Reports in Beauty & Fitness Category.

The global Online fitness market size was valued at USD 6,046 Million in 2019 and is projected to reach USD 59,231 Million by 2027, growing at a CAGR of 33.1% from 2020 to 2027.

North America is expected to hold the largest Online Fitness Market share during the forecast period. The major factor driving the growth of North America’s market share is the increased emphasis on precision medicine and personalized treatment and the significant presence of numerous health and wellness organizations across this region.

Major factors driving the growth of online fitness market size are the need for specialized fitness sessions to achieve physical fitness, the interest of health insurance companies in online fitness services to minimize the cost of health insurance, increasing demand for fitness based on AR or VR, growing demand for healthy food.

Furthermore, recent COVID-19 has had a positive effect on the online fitness market size. The COVID-19 pandemic has disrupted people’s lives and forced fitness centers to remain closed. This scenario has, in turn, led to the rapid adoption of virtual fitness solutions as individuals have begun workouts at their homes.

Request a Sample Copy of the Report For COVID-19 Impact Analysis on Online Fitness Market: https://reports.valuates.com/request/sample/ALLI-Manu-0V29/online_fitness_industry

TRENDS INFLUENCING THE ONLINE FITNESS MARKET SIZE

The increase in digitalization will propel the expansion of the online fitness market size along with the trend of connected fitness equipment that allows users to monitor health parameters, such as pulse rate and calories. Several businesses are launching virtual classes that allow users to incorporate fitness experiences with their smart devices.

The rising penetration of smart devices and the internet is expected to increase the growth of the online fitness market size. The penetration of smartphones and tablets has resulted in high fitness app adoption across all demographics. Some apps provide personalized services based on specifications and body physiology.

Corporate institutions that incorporate gyms into their infrastructure would boost the demand for the online fitness industry. Several fitness clubs partner with businesses to facilitate the introduction of gyms to improve employee productivity in the work environment.

Awareness about the growing health issues due to sedentary lifestyles is fueling the online fitness market size. Increasing rates of obesity and associated disorders, including heart attacks and diabetes, enable individuals to take individual fitness lessons to cope with specific health problems.

However, interruptions in the class flow due to tech glitches, along with the lack of real contact with the teacher, may, to some degree, impede the growth of the online fitness industry.

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ONLINE FITNESS

medicine

Global Herbal medicine market size to exceed USD 411 billion by 2026

The latest report on ‘herbal medicine market’ thoroughly scrutinizes this business space while providing qualitative insights, historical data, and verifiable projections for 2020-2026 to the companies that are operational in this industry.

Selbyville, Delaware, Oct. 29, 2020 (GLOBE NEWSWIRE) — According to the credible sources, global herbal medicine market is expected to reach a valuation of USD 411.2 billion by the year 2026. Increasing product adoption by the population across the world, rising support & funding from government for research & development of herbal medicines, and easy availability of the product are the major factors propelling the industry growth. Further, benefits such as low cost, and no side effects are also contributing to herbal medicine market outlook.

Global herbal medicine market report studies the landscape based on several segmentations, such as source type, distribution channel, category, form, and regional outlook. It enlists the factors that influence the segmental share along with their growth rate projections over the analysis timeframe. Furthermore, the document contains granular information about competitive landscape of the market defined by each participant, along with their business profile, product portfolio, and market stake.

Highlighting category

Estimates cites that herbal pharmaceuticals segment held a major share in global herbal medicine industry in 2019, owing to rising geriatric population, and high consumer awareness. Other factors like negligible side effects, supplier innovations, and launch of Current Good Manufacturing Practices (CGMP) by the FDA for dietary supplements are expected to drive the segmental growth.

Meanwhile, herbal beauty products segment is predicted to register robust growth rate during the forecast period, mainly due to increase in sales of beauty products. High disposable income, and availability of large product portfolio are stimulating the overall market remuneration.

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Elaborating form outlook

Global herbal medicine market, as per form type, is segmented into powders, tablets & capsules, syrups, extracts, and others. Among these, extract segment is expected to witness high gains during the forecast period, owing to its utilization in manufacturing several products. Herbs & plants extracts vary from alcoholic extracts, hot water extracts to long-term boiled extracts, and acetic acid extracts depending on the solvent.

Considering source type

As per the report, whole plant sourced herbal medicine market segment is gaining substantial traction due to product’s ability to cure various diseases. As per National Center for Biotechnology Information, about 70% to 80% of the population worldwide preferred traditional drugs for treatment.

Notably, traditional medications are extracted from roots & barks, leaves, fruits, flowers, stalk, and cloves of the plant. For instance, chamomile, a flower, is used as sedative and anxiolytic for relaxation and anxiety. It also reduces swelling and inflammation while aiding in wound healing.

Analyzing distribution channel

Worldwide herbal medicine market share from e-commerce segment is projected to grow momentously during the forecast period, owing to rising awareness regarding traditional medication, high penetration of mobile phones with internet facilities, and easy accessibility in small towns & villages. Further, rising geriatric population, and cost efficiency of