Diabetes mellitus is a systemic metabolic disease characterized by hyperlipedemia, hyperglycemia, hypoinsulinemia, and hyperaminoacidemia that leads to decrease in insulin, secretion, and insulin action. Currently, therapies for diabetes include insulin and various oral antidiabetic agents such as sulfonylureas, biguanides, alpha glucosidase inhibitors, and glinides. Diabetes is a heterogeneous metabolic disorder characterized by altered carbohydrate, lipid, and protein metabolism. According to the Indian Council of Medical Research, diabetes mellitus has become a major concern in the contemporary world. India has become the diabetic capital of the world, with over 20 million diabetes patients. The number is likely to increase to 57 million by 2025. Currently, traditional health care systems in India, traditional Chinese medicine, and health care systems in other countries in Asia Pacific are focusing on herbal drug preparations and plants in the treatment of diabetes mellitus. This is expected to present significant opportunities in the global herbal medicines market in the next few years.
The global Antidiabetic Herbal Drugs Market is driven by rapid development in technology, increase in funding for herbal medical drug research, changing lifestyles, rise in patient preference for herbal drugs, increase in government support for research & development, and adverse effects of allopathic drugs. According to the World Health Organization, 21,000 plants have been listed out to be medicinal plants across the world. Among these, 2500 species are in India, out of which 150 species are used commercially on a fairly large scale.
Rise in prevalence of diabetes which leads to hyperglycemia is expected to drive the global antidiabetic herbal drugs market. However, rising incidences of diabetic patients with more preference towards use of herbal products is a major factor which can positively influence the use of antidiabetic herbal drugs in near future. However, high cost of research & development, high maintenance cost, and introduction of synthetic drugs for diabetes in developed countries are expected to restrain the global antidiabetic herbal drugs market during the forecast period.
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The global antidiabetic herbal drugs market can be segmented based on application, therapy, distribution channel, and region. In terms of application, the market can be bifurcated into type 1 diabetes and type 2 diabetes. Based on therapy, the global antidiabetic herbal drugs market can be classified into botanical drugs and nutraceuticals. According to the Journal of Traditional and Complementary Medicine, 2018, herbal products in Malaysia are essential components in the medicine system. The herbal products market in Malaysia is estimated at US$ 1.1 Bn, with 15% to 20% growth rate. Hence, usage of medical herbs is likely to increase in the near future. In terms of distribution channel, the market can be categorized into hospital pharmacies, retail pharmacies, and online pharmacies.
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