The Botanical and Plant Derived Drugs Market is expected to witness a robust CAGR of 6.3% during the forecast period (2017 - 2026).

 

Botanical and Plant Derived Drugs

The botanical and plant derived drugs are obtained from medicinal plants, which contain algae, microscopic fungi or any vegetable material. They are used for treatment of varied health conditions such as for example cardiovascular diseases, respiratory disease, central nervous system disorders, and infectious diseases. High threat of unwanted effects caused as a result of usage of synthetic drugs such as for example hypersensitive reaction and gastrointestinal upsets, drugs recalls, and high cost of specialty drugs are propelling the adoption of the botanical and plant derived drugs. The major classes of botanical and plant derived drugs are Tarpenes and Ergot Alkaloids, Steroids, Vinca Alkaloids, Glycosides, and Morphine Alkaloids. Furthermore, increasing prevalence of chronic disease and inexpensive of botanical drugs are likely to foster the growth of botanical and plant derived drugs market.

 

The Botanical and Plant Derived Drugs Market is estimated to be valued at US$ 30.1 Bn in 2017, and is likely to witness a strong CAGR of 6.3% throughout the forecast period (2017 - 2026).

 

The important driver increasing growth in the global botanical and plant-derivative drug market is its growing applications in diseases. Botanical and plant derivative drugs aid in the treating various diseases, such as for example central nervous system disorders, infectious diseases, cardiovascular diseases, and respiratory diseases. Botanical drugs are derivative of medicinal plants. Botanical drugs contain algae and vegetable substances, along with macroscopic fungi. Botanical and plant derivative drugs can be purchased in various forms, such as for example pills, tablets, and injections. Botanical drugs such as for example atropine aescin and berberine and Adonis ide are derivative from plants.

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