Market Overview:
This report presents an extensive evaluation of the GCC Herbal Medicine Market, focusing on historical data from 2019 to 2022 while offering detailed forecasts for the period between 2024 to 2030. The analysis encompasses various aspects, including market Size, Share, Growth, Analysis, Trends and competitive insights.
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Table of Contents (GCC Herbal Medicine Market)
- Executive Summary
- Market Definition & Research Methodology
- Market Dynamics: Drivers, Challenge, Trend and Opportunities
- Segment Analysis and Geographical Breakdown
- Competitive Landscape & Strategic Initiatives
- Regulatory Environment & Policy Factors
- Growth Forecast Model (2024–2030)
- Appendix: Company Profiles, Data Sources, Methodology
What’s covered in the report?
Market Key Driver:
Increasing Consciousness About the Ill-Effects of Allopathic Medicine – In recent years, the prevalence of diseases, like obesity, asthma & allergies has substantially increased. As per the statistics by the National Institutes of Health, more occurrences of self-reported chronic diseases in the UAE reached around 23% in 2022. These health issues require immediate medical treatment and the consumers are strictly advised to follow a medication routine. However, the daily consumption of synthetic medicine adversely affects the other organs of the consumers. As a result, the patients experience side effects, like dizziness, insomnia, headache, etc., due to the allopathic medicines. Therefore, consumers are increasingly seeking solutions, like herbal medicines, that do not cause any health complicacy.
Further, the consistent consumption of allopathic medicine also makes the individuals addicted and they experience withdrawal symptoms after they are cured. Therefore, to eradicate the issues that stem from synthetic medicinal doses, healthcare professionals in the GCC nations are increasingly recommending the patients opt for herbal medicine, driving the market growth.
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Leading players of GCC Herbal Medicine Market including:
- Saudi Pharmaceutical Industries & Medical Appliances Corporation
- Manayer Najd Medical Co
- Saudi Arabian Drug Store Co.Ltd
- GT Medical
- MPS Bashirco
- Haw Par Healthcare Ltd
- Reckitt Benckiser Arabia FZE
- Performance Health Inc
- Enzymedica, Inc
- The Procter & Gamble Co,
- Forest Laboratories Inc
- Globalpharma
- Himalaya Wellness Company LLC
- Others
GCC Herbal Medicine Market Segmentation:
By Type of Remedies
- Herbal Analgesics –
- Herbal Sleeping Aids–
- Herbal Cough, Cold & Allergy Remedies–
- Herbal Digestive Remedies–
- Herbal Dermatologicals–
- Herbal Dietary Supplements–
- Herbal Tonics–
Of them all, Herbal Cough, Cold & Allergy Remedies hold a substantial market share.
By Source
- Roots and Barks –
- Leaves–
- Flowers –
- Fruits –
- Whole Plant–
- Others–
By Form
- Extracts–
- Powders–
- Capsules & Tablets–
- Syrups–
By Sales Channel
- Hospitals –
- Pharmacies –
- E-commerce –
By Consumers
- Male–
- Female–
- Children–
By Country
- Saudi Arabia
- The UAE
- Qatar
- Kuwait
- Oman
- Bahrain
Geographically, Saudi Arabia held market share of more than 60% in 2023 due to the growing geriatric population & presence of top companies in the country.
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Key Highlights of MarkNtel Advisors' Research Methodology
- MarkNtel Advisors uses a robust methodology for accurate market analysis.
- Research objectives are clearly defined with tailored methodologies for clients.
- A representative sample is selected to ensure reliable data collection.
- Data analysis includes cleaning, statistical evaluations, and validation checks.
- Predictive modeling forecasts trends, and reports include strategic recommendations.
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