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The global botanical and plant-derived drugs market size is estimated to grow by USD 20.93 billion, at a CAGR of 8.18% between 2023 and 2028. Besides analyzing the current market scenario. Government initiatives worldwide are driving the development of plant-based drugs, with global healthcare systems increasingly embracing herbal medicines. In countries like China, India, Nigeria, and the US, as well as organizations like WHO, significant R&D investments are being made. Governments incentivize industry players to invest in plant-based drug R&D through contracts and grants. For instance, PlantForm, under a Government of Canada contract, is developing a plant-based antibody for ricin exposure. Similarly, the College of Pharmacy in Chicago is researching botanical dietary supplements' safety and efficacy for women's health with NIH grants. Hence such factors will have a positive impact on the market during the forecast period.
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by Application
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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