Another deal was by the Japanese Taisho Corporation becoming a major shareholder in DHG Pharma with a stake of 24.4%. In fighting disease, most remedies are based on western medicine, but the majority of people have little awareness of disease prevention from herbs. Herbal Medicine Overview. A number of traditional medical treatments are practised in Vietnam. Managing Editor: Nguyen Chi Mai, Vietnam Investment Review under the Ministry of Planning and Investment The industry is worth big money. People in Vietnam… The other traditional medicine that is also practiced in Vietnam is traditional Chinese medicine, also known as Northern Herbology. 1.4 Market Segmentation by End-Users Traditional herbal medicines are getting significant attention in global health debates. 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,… 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… They can be from pigs, beef , duck or chicken. Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections. Home » Reports » Global Organic Herbal Medicine Market Report, History and Forecast 2014-2025, Breakdown Data by Manufacturers, Key Regions, Types and Application. Files are delivered directly into your account within a few minutes of purchase. 1.3.2 Global Herbal Medicine Market Size and Growth Rate of Medicinal part from 2014 to 2026. Demand for herbal/traditional products continued to increase in 2019, especially within dietary supplements, cough, cold and hay fever remedies and sleep aids. The Detailed market intelligence report on the Global Traditional Chinese Medicine Market applies the most effective of each primary and secondary analysis to weighs upon the competitive landscape and also the outstanding market players expected to dominate Global Traditional Chinese Medicine Market place for the forecast 2019– 2025. Photo about Traditional dried herbs in vietnam market. Nguyen Quoc Viet So, herbal medicine has a huge market potential in the future. A report from Mintel shows that the value of the cosmetics market may reach $2.35 billion by 2018. 9 This inclination towards herbal products are largely driven by the cultural backgrounds of the different Malaysian consumers. SLOOINP; ISSN No. This is cached page on VietNam Breaking News. Given the fast growth, numerous investors have jumped into the market to cash in on opportunities here. 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. 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 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. Photo taken on: 27 July, 2015 Interested in more insights? Scope Of The Report: 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. VietNamNet Bridge – Traditional herbal medicines of poor quality dominate the domestic market, a drug control agency top official admitted. Euromonitor International is the leading provider of strategic market research reports. Meanwhile, in 2015, the medicine consumption per capita was put at US$38. ★ Poor ★ ★ Promising ★★★ Good ★★★★ Very good ★★★★★ Exceptional. With millennial history, Vietnamese traditional medicine is invaluably national treasure due to the amazing curative effects reported. The study. As with Western medicine, self-diagnosis is not advisable - see a doctor. 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 The best results in 2020 are expected to be seen from herbal products that combat anxiety and improve sleep, as consumers stress increases in response to the pandemic. Bui Duc Hai, Nguyen Van Hong and The report includes country-wise and region-wise market size for the period 2015-2026. 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. 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 It also includes market size and forecast by Type and by Application segment in terms of sales and revenue for the period 2015-2026. © 2021 Euromonitor is privately owned & trademarked. 1991 in the countries of the European Union was about $ 6. billion (may be over $20 billion now), with Germany account. International reg: Registered as a newspaper at the Post Office, London, Serial No. Traditional herbal medicines are naturally occurring, plant-derived substances with minimal or no industrial processing that have been used to treat illness within local or regional healing practices. Herbal Product Purchases are Driven by Cultural Beliefs. Euromonitor International is the leading provider of strategic market research reports. According to the evaluation, Vietnam spends as much as US$2 billion per year on medicinal imports. Some retailers have declared to join the medicine distribution sector, including Mobile World Joint Stock Company, Digiworld and Nguyen Kim Joint Stock Company. Organic Herbal Medicine Market and Traditional Chinese Medicine Market 2020 With Increasing Demand Analysis, Current Trend, Suppliers, Scope, … This report mainly elaborates on the segmentation, end-user, size, share, trend, future demand and leading players with respect to the Global and Europe Herbal Medicine market. Although Vietnam is modernizing quickly, traditional medicine in Vietnam has not disappeared and if anything is gaining something of a revitalization. Nguyen devoted 15 years to developing the plant, officially known as Crinum latifolium, into an herbal medicine. A total of 60 one-day-old commercial chicks were randomly divided into 6 groups. Traditional Korean herbal medicine ingredients at market - Busan, South Korea Marijuana medical choice dilemma health care concept as a person standing in front of two paths with one offering traditional medicine and the other option with cannabis. Subscribe to our content! Openness of and access to information about herbal material zones and herbal recipes will be promoted. It is influenced by traditional Chinese medicine. Delivery: Files are delivered directly into your account within a few minutes of purchase. Vietnam animal feed market revenue by product, 2012-2022, (Kilo Tons) Growing regulatory pressure on companies has led to the adoption of hygienic animal husbandry practices. 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. GB: 239-2559-40 Registered in England No. “Organic Herbal Medicine Market is growing at a High CAGR during the forecast period 2020-2026. tinnhanhchungkhoan.vn |  If you want remove this page, please contact us. 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. Cooperation with pharmaceutical companies to provide access to affordable essential medicines in developing countries is Target 8E of Millennium Development Goal 8 (United Nations 2008). 2020 FDI attraction hits 28.35 billion USD, The prescription for 2021 – to invest in high quality and give back to society, Stock market hits records in COVID-19 year on rising optimism, Vietnam – home away from home  in hard times for Gamuda Land, Novartis brings pioneer online medical platform to Vietnam, Expanding digital-only lenders open up framework questions, Brexit deal met with relief across Europe, UKVFTA boost Vietnam and UK bilateral trade, Banks to stop issuing magnetic strip cards in three months, Restoring confidence after a challenging year, Russian President extends New Year greetings to Vietnam, Make in Vietnam, by Vietnam for a fresh digital orientation, USAID and the MPI in tandem to push SME development, UK-Vietnam FTA to become effective from 23:00 on December 31, An inclusive view of integration successes, A destination of innovation in the new era, US labels Vietnam currency manipulator in improper move, New cloud communications tools by Infobip to maximise customer engagement in new normal, BASF and partners launch fifth school in remote areas of Vietnam, Innovation – key to successful development, Pride and Protectionism: GE publishes 2020 GE Global Innovation Barometer, Based on MasterCMS Ultimate Edition Ver 2.9 2020, Vietnam pharmaceutical market lures investors, illustration photo source:VTV. 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. Purchase the Herbal/Traditional Products in Vietnam country report as part of our herbal/traditional products market research for November 2020. 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. The global Organic Herbal Medicine market is valued at xx million US$ in 2017 and will reach xx million US$ by the end of 2025, growing at a CAGR of xx% during 2018-2025. Specific objectives: . The group sets aside VND2,200 billion as investment capital for the project, focusing on oriental drug research, manufacture, trading and export-import. Company Information. 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 The global natural medicine market is divided into different segments based on the regions that are covered in the report. A 2017 evaluation of the EU and the Vietnam Chamber of Commerce and Industry (VCCI) shows Vietnam has spent much money to import medicines and pharmaceutical ingredients for local consumption, meaning the market still has much room for those investors wanting to set up shop in the country. If you're in the Herbal/Traditional Products industry in Vietnam, our research will save you time and money while empowering you to make informed, profitable decisions. Inform your marketing, brand, strategy and market development, sales and supply functions. 1021-318X Herbal medicine, much of it imported from China, is widely available and sometimes very effective. 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. Gain competitive intelligence about market leaders. What is the market size of Herbal/Traditional Products in Vietnam? Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis. Herbal and traditional medicines hold around ⅓ of the market share in Malaysia’s health supplements industry. 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. 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$7.7 billion in 2021. The global OTC Herbal and Traditional Medicines market is valued at 132800 million US$ in 2018 and will reach 159800 million US$ by the end of 2025, growing at a CAGR of 2.7% during 2019-2025. Meanwhile, the country’s medicine export revenue totaled only US$113 million last year. Le Trong Minh According to a new report by EMR titled, 'Indian Exotic Herbs Market Size, Share, Price Trends, Report 2020-2025', the market is expected to be driven in the forecast period of 2020-2025 by the rising exports of medicinal herbs by India. This is why tea bag products refined from the Hoan Ngoc plant are sold at VND50,000-80,000/box only and the market … 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. 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