The GCC Herbal Medicine Market size is valued at USD 224.83 Million in 2023 & is estimated to reach USD 366 Million by 2030. Along with this, the market is estimated to grow at a CAGR of around 6.90% during the forecast period, i.e., 2024-30.
Access Free Sample Report – https://www.marknteladvisors.com/query/request-sample/gcc-herbal-medicine-market.html
Key Findings of the Study: GCC Herbal Medicine Market
GCC Herbal Medicine Market 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.
Scope of the Report and 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
Top leading companies in the GCC Herbal Medicine Market includes:
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 Development
- 2024: Globalpharma: Launched two herbal medicines, i.e., an anti-inflammatory, and medicine for the management of Dyslipidaemia in the UAE
- 2023: Himalaya Wellness Company LLC: Announced the establishment new herbal pharmaceutical factory in Dubai, the UAE with an investment of around USD54.45 Million.
For more detailed information about the GCC Herbal Medicine market report, click here – https://www.marknteladvisors.com/research-library/gcc-herbal-medicine-market.html
Geographical analysis:
The UAE
Saudi Arabia
Qatar
Oman
Kuwait
Bahrain
- Saudi Arabia held market share of more than 60% in 2023 due to the growing geriatric population & presence of top companies in the country.
Related Reports: –
Why choose Us?
MarkNtel Advisors is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative & quantitative research company, strive to deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.
For Media Inquiries, Please Contact:
Call: +1 628 895 8081 | +91 120 4278433
Email: sales@marknteladvisors.com
Sales Office: 564 Prospect St, B9, New Haven, Connecticut, USA-06511
Corporate Office: Office No.109, H-159, Sector 63, Noida, Uttar Pradesh-201301, India
Umrah Packages 
Holiday Packages