Herbal System of Medicine
Over the past decade, herbal medicine has become a topic of increasing global importance, with both medical and economic implications. In developing countries, as much as 80% of the indigenous populations depend on traditional systems of medicine and medicinal plants as their primary source of healthcare.
The global herbal supplements and remedies market is to hit $93.15 billion by 2015. According to research from Global Industry Analysts the global herbal supplement and remedy industry is forecast to exceed $105 billion by 2017. Over the past ten-year period, the market has recorded strong growth, relatively unaffected by the economic recession
In 2008 global market for herbal remedies across all segments currently brings in about $83 billion. Depending on the segment, growth is steady, ranging between 3% and 12%. Herbal dietary supplements ($11 billion) and herbal functional foods ($14 billion) make up over a third of the market. The global herbal pharmaceutical industry (including drugs from herbal precursors and registered herbal medicine) contributes $44 billion. Herbal beauty products make up the remaining $14 billion of the market. In the global cosmetics market, herbal ingredients are estimated to have a 6% share of the market, and are exhibiting the strongest growth, between 8% and 12 %. U.S. In 2005, U.S. herb and botanical sales were at $4.4 billion, with an estimated growth rate of nearly 4%. In 2006, sales grew to $4.6 billion. Sales increased by 4.5% in 2011, reaching a total estimated figure of nearly $5.3 billion (USD). In 2012, the sales were nearly $5.6 billion (USD) with a growth of 5.5%.Sales of herbal dietary supplements in the United States increased by 7.9% in 2013, reaching a total estimated figure of six billion dollars for the first time.
- Future of ancient system of medicine
- Phytopharmaceuticals
- Herbal drugs adulteration
- Chinese herbal medicine
- Traditional herbal medicines
- Stability of herbal products
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Herbal System of Medicine Conference Speakers
Recommended Sessions
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- Aromatic Plants
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- Drugs from Natural Sources
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