A number of traditional medical treatments are practised in Vietnam. Global Herbal Medicines Market Report, History and Forecast 2014-2025, Breakdown Data by Manufacturers, Key Regions, Types and Application. According to the evaluation, Vietnam spends as much as US$2 billion per year on medicinal imports. 1.3.2 Global Herbal Medicine Market Size and Growth Rate of Medicinal part from 2014 to 2026. The market in Europe is projected to reach a valuation in excess of USD 58,600 Mn by the year 2023. 1.4 Market Segmentation by End-Users 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. According to investors, Vietnam is an attractive pharmaceutical market with an average medicine consumption of 2017 reaching US$56 per capita. Contact us, Editor-in-Chief: 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. Traditional Vietnamese medicine, also known as Southern Herbology is a traditional medicine practiced by Vietnamese people. So, herbal medicine has a huge market potential in the future. SLOOINP; ISSN No. Given the fast growth, numerous investors have jumped into the market to cash in on opportunities here. Request a complimentary demonstration of our award-winning market research today. The broth is made from Chinese medicinal herbs and dried fruit (including mugwort, ... A more common sight on markets is animal organ soup. Thuốc Nam is one of two kinds of folk remedies known to villagers, the other being the traditional exercise … It also includes market size and forecast by Type and by Application segment in terms of sales and revenue for the period 2015-2026. 1021-318X Table of Content. If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE! Organic Herbal Medicine Market and Traditional Chinese Medicine Market 2020 With Increasing Demand Analysis, Current Trend, Suppliers, Scope, … Organic Herbal Medicine Market research report is the new statistical data source added by A2Z Market Research. “Organic Herbal Medicine Market is growing at a High CAGR during the forecast period 2020-2026. Figure Vietnam Organic Herbal Medicine Sales Growth Rate (2013-2018) (K MT) Le Trong Minh Image of dried, medicine, vietnam - 20539589 Traditional Medicine in Vietnam. In 2012, global sales of Chinese herbal medicine reached US$83 billion, up more than 20 per cent from 2011 [2]. Euromonitor International is the leading provider of strategic market research reports. 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 Professional Research Report 2014-2026, Segmented by Players, Types, End-Users in Major 40 Countries or Regions 1.3.1 Global Herbal Medicine Market Size and Growth Rate of Medicine Function from 2014 to 2026. The Herbal Medicine market report has numerous segments clarifying the significance of statistical surveying for the following forthcoming decade (2020-2027). Photo taken on: 27 July, 2015 Report ID: 98229 3300 Pharma & Healthcare Dataintelo 131 Pages 4 (43) Report Details. Meanwhile, in 2015, the medicine consumption per capita was put at US$38. Nguyen devoted 15 years to developing the plant, officially known as Crinum latifolium, into an herbal medicine. The Global Herbal Medicine Market report provides a holistic evaluation of the market … 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. A total of 60 one-day-old commercial chicks were randomly divided into 6 groups. Gain competitive intelligence about market leaders. 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. ★ Poor ★ ★ Promising ★★★ Good ★★★★ Very good ★★★★★ Exceptional. Track key industry trends, opportunities and threats. 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,… Licence No. 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. They can be from pigs, beef , duck or chicken. baodautu.vn |  Photo about Traditional dried herbs in vietnam 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. Bui Duc Hai, Nguyen Van Hong and © 2021 Euromonitor is privately owned & trademarked. 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. Moreover, foreign enterprises have lately been competing to acquire stakes in leading Vietnamese pharmaceutical companies such as Traphaco and Domesco. For example, Abbott has acquired a 51.69% stake in Domesco, having completed procedures for a buyout of Glomed in August 2016. Given the fast growth, numerous investors have jumped into the market to cash in on opportunities here. 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. Contact Person : Mr. 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. 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 Nguyen Quoc Viet Traditional herbal medicines are getting significant attention in global health debates. 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. Home » Reports » Global Organic Herbal Medicine Market Report, History and Forecast 2014-2025, Breakdown Data by Manufacturers, Key Regions, Types and Application. 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. Market Analysis and Insights: Global Herbal Medicine Market The global Herbal Medicine market size is projected to reach USD 218940 million by 2026, from USD 148360 million in … Herbal Product Purchases are Driven by Cultural Beliefs. Discover the latest market trends and uncover sources of future market growth for the Herbal/Traditional Products industry in Vietnam with research from Euromonitor's team of in-country analysts. Scope Of The Report: Meanwhile, the Medical Import-Export Joint Stock Corporation (Domesco) is investing in the sector by picking Digiworld as a distributor for its functional food products. The global market for all herbal supplements and remedies could reach US$115 billion by 2020, with Europe the largest and the Asia Main Markets : Worldwide; Main Products : Drug & Raw Material Pharmaceutical, Links : Health & Medicines, Herbs & Medicines, Other Herbs & Medicines, Company Introduction. This report is intended to oblige requests of those organizations that wish to move into new market section. 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. 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. Vietnamfails to tap herbal medicine market have 317 words, post on at February 23, 2010. The report includes country-wise and region-wise market size for the period 2015-2026. Home » Reports » Global Organic Herbal Medicine Market Report, History and Forecast 2014-2025, Breakdown Data by Manufacturers, Key Regions, Types and Application. 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. Hoi An is a famous tourist destination in the world and Vietnam. Deputy Editors-in-Chief: Awareness and practice of business integrity and CSR will be improved amongst members of herbal medicine value chains. Advertisement |  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. If you want remove this page, please contact us. 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. 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 This is why tea bag products refined from the Hoan Ngoc plant are sold at VND50,000-80,000/box only and the market … People in Vietnam… The group sets aside VND2,200 billion as investment capital for the project, focusing on oriental drug research, manufacture, trading and export-import. Interested in more insights? The Organic Herbal Medicine market is analysed and market size information is provided by regions (countries). Company Information. Introducing enhanced country reports featuring interactive datagraphics, charts and analysis. Meanwhile, the country’s medicine export revenue totaled only US$113 million last year. Herbal Medicine Market was valued at USD 100.6 Billion in 2018 and is projected to reach USD 139.7 Billion by 2026, growing at a CAGR of 4.2% from 2019 to 2026.. Don’t miss out your experience on Vietnamese foods without trying these Vietnamese herbs. The increasing interest of the individuals in this industry is that the major reason for the expansion of this market”. In many countries, particularly resource poor settings, consumers pay the full cost of the medicine, commonly referred to as consumer out-of-pocket payments, which contrib… Ancient Chinese texts suggest that prior to their southern conquest in the second century B.C, a system of herbal medicine had been established in the northern regions of Vietnam. 87/GP-BTTTT Subscribe to our content! The global OTC Herbal and Traditional Medicines market is valued at 132800 million US$ in 2018 and will reach 159800 million US$ by the end of 2025, growing at a CAGR of 2.7% during 2019-2025. According to investors, Vietnam is an attractive pharmaceutical market with an average medicine consumption of 2017 reaching US$56 per capita. The Vietnamese medicine market awash with potential and opportunities has recently lured a host of domestic and foreign investors. We report a case of acute hepatitis associated with chronic use of high doses of Tinospora crispa.. A 49-year-old male with chronic low back pain bought a herbal medicine at a market … Delivery: Files are delivered directly into your account within a few minutes of purchase. Although Vietnam is modernizing quickly, traditional medicine in Vietnam has not disappeared and if anything is gaining something of a revitalization. Other than COVID-19, one of the main factors expected to maintain growth in herbal/traditional products in Vietnam in 2020 is the rapidly ageing population. Gain competitive intelligence about market leaders, Track key industry trends, opportunities and threats, Inform your marketing, brand, strategy and market development, sales and supply functions. With fewer side effects of herbal medicine treatment, it will be more and more popular. The global herbal cosmetics market can be segmented based on product, distribution, physical state, and region. Emerging technologies and demand for higher quality meat products at lower prices have led to the development of efficient breeding processes utilizing statistical methods to determine genetic changes and characteristics. The Global Herbal Medicine market was valued at XX.0 million US$ in 2018, with the CAGR of 1.7%, this market is estimated to reach USD XX.0 million US$ in 2026. 1991 in the countries of the European Union was about $ 6. billion (may be over $20 billion now), with Germany account. The overall objective of this action is to promote the contribution of CSOs to improved governance in herbal medicine value chain.. GB: 239-2559-40 Registered in England No. 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. Address: 47 Quan Thanh St, Ba Dinh Distr, Hanoi, Vietnam - Tel: (024) 3845 0537, Middle Year Festival, traditional medicinal of Vietnamese people, Hoi An market, Hoi An old town, Vietnam. As per the available records, the herbal medicine market in. Tinospora species (Menispermaceae) is commonly used as a herbal medicine in South Asia, but very few toxic effects have been described. 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. Vinfa also aims to preserve and develop traditional medicinal herbs, especially rare ones, in Vietnam. Increase in trend of using herbal medicines with natural ingredients is projected to create opportunities in the herbal cosmetics market during the forecast period. Managing Editor: Nguyen Chi Mai, Vietnam Investment Review under the Ministry of Planning and Investment The report dispenses a comparative study of popular players in the organic herbal medicine market and traditional Chinese medicine market which … Europe has emerged as the largest market for herbal medicine. Meanwhile, in 2015, the medicine consumption per capita was put at US$38. Traditional Vietnamese medicine is highly influenced by Chinese medicine, including acupuncture and Chinese herbs. What is the market size of Herbal/Traditional Products in Vietnam? 9 This inclination towards herbal products are largely driven by the cultural backgrounds of the different Malaysian consumers. According to investors, Vietnam is an attractive pharmaceutical market with an average medicine consumption of 2017 reaching US$56 per capita. Herbal medicine, much of it imported from China, ... As the cup cools, a partial vacuum is produced, leaving a nasty-looking but harmless red circular mark on the skin, which goes away in a few days. It is influenced by traditional Chinese medicine. Files are delivered directly into your account within a few minutes of purchase. In this study, 2017 has been considered as the base year and 2018 to 2025 as the forecast period to estimate the market size for Herbal Medicine. This report mainly elaborates on the segmentation, end-user, size, share, trend, future demand and leading players with respect to the Global and Europe Herbal Medicine market. Purchase the Herbal/Traditional Products in Spain country report as part of our herbal/traditional products market research for November 2020. Global Herbal Medicine market size will increase to 2149000 Million US$ by 2025, from 1250700 Million US$ in 2017, at a CAGR of 7.0% during the forecast period. Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis. With millennial history, Vietnamese traditional medicine is invaluably national treasure due to the amazing curative effects reported. According to the General Statistics Office of Vietnam, the proportion of the population aged 65 and older is increasing rapidly, accounting for 8% of the total population by the end of 2019. Fax: (024) 3845 7937; E-mail: vironline@vir.com.vn. Herbal Medicine Overview. The global natural medicine market is divided into different segments based on the regions that are covered in the report. Some retailers have declared to join the medicine distribution sector, including Mobile World Joint Stock Company, Digiworld and Nguyen Kim Joint Stock Company. timeoutvietnam.vn Subscribe now and receive the latest news and updates! 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. Crila has been on the market in Vietnam in pill form since 2005 and has been used by 300,000 Vietnamese, said Sue McKinney, a Mendocino-based entrepreneur who is distributing the herbal … In particular, Vingroup officially entered the domestic medicine market by launching a project with the brand name of Vinfa in early April. Inform your marketing, brand, strategy and market development, sales and supply functions. Which traditional products, like charcoal, bird’s nest, camphor, valerian, or menthol, are popular? Although some progress has been made, regular access to essential medicines is still out of reach of one third of the world’s population (WHO 2004). In 2010, herbs and plants represented 18 percent of that market. 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 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. Euromonitor International is the leading provider of strategic market research reports. Are Ayurvedic or Traditional Chinese Medicine products available in Vietnam? tinnhanhchungkhoan.vn |  VietNamNet Bridge – Traditional herbal medicines of poor quality dominate the domestic market, a drug control agency top official admitted. 1.3.3 Global Herbal Medicine Market Size and Growth Rate of Active Ingredient from 2014 to 2026. 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. Traditional Medicine in Vietnam. These medicines have less side effects and are cost-efficient. Specific objectives: . The country's market for herbal remedies stood at 148.1 billion yen for fiscal 2016, a 56% rise over 10 years, based on official drug pricing, according to IMS Japan in Tokyo. Demand for herbal/traditional products continued to increase in 2019, especially within dietary supplements, cough, cold and hay fever remedies and sleep aids. The industry is worth big money. Herbal and traditional medicines hold around ⅓ of the market share in Malaysia’s health supplements industry. 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. Following the successful invasion and occupation of the Red River Delta by the Chinese, Thuốc Nam grew alongside Traditional Chinese Medicine or Thuốc Bắc. Consumers in Vietnam, like many people in other countries in Asia Pacific, feel that herbal/traditional and/or natural remedies of all kinds are safer, healthier, more sustainable and have fewer potential side-effects than products made with synthetic ingredients. 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. 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 cached page on VietNam Breaking News. 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. Herbal remedies are becoming increasingly popular in many countries. VAT No. Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis. Openness of and access to information about herbal material zones and herbal recipes will be promoted. 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). A report from Mintel shows that the value of the cosmetics market may reach $2.35 billion by 2018. Vu The other traditional medicine that is also practiced in Vietnam is traditional Chinese medicine, also known as Northern Herbology. A number of traditional medical treatments are practised in Vietnam. The study. Purchase the Herbal/Traditional Products in Vietnam country report as part of our herbal/traditional products market research for November 2020. 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. The Organic Herbal Medicine market has witnessed growth from USD XX million to USD XX million from 2014 to 2019. 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