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