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The global herbal medicine market is projected to grow from $165.66 billion in 2022 to $347.50 billion by 2029, at a CAGR of 11.16% in forecast period.
Herbal medicines are naturally obtained medicines that are used for health and skin. In Asia, Ayurveda and ancient Chinese medicines are mainly used as herbal medicines in various industry applications.
The major reason for using herbal products is their better immunity than synthetic drugs. In developing countries, such as China, Japan, India, Vietnam, South Africa, and Bangladesh, herbal medicines are sometimes the only affordable and available treatment option. Herbal medicines are a vital part of medical treatment in many developing countries. Herbal products and natural preparations are used for almost all minor ailments.
The growing preference for traditional medicines by consumers, recent technological advancements in the healthcare sector, and the increasing demand for natural medicines are expected to drive the Herbal Medicine Market over the predicted years. The Global Herbal Medicine Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
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