The latest update of “Global Halal Pharmaceuticals Market” released by Stratagem Market Insights, forecasts further growth in the global supply and demand. The market report builds upon our previous iteration and the new release reinforces the sentiment that the 2021-2028 period is expected to be a promising period for the global Halal Pharmaceuticals Market.
Overview of the Halal Pharmaceuticals Market:
As per Islamic law, alcohol and pork are strictly prohibited for Muslims. Hence, all kinds of Halal pharmaceuticals are specially produced and packed in accordance to the specifications of Islamic law. The demand for Halal drugs has considerably increased in the past few years due to this reason. These medicines are also used for prevention and treatment of several types of diseases. Halal pharmaceuticals manufacturers use the best of resources such as botanical resources, traditional resources, and modern resources to produce efficient medicines. A wide range of pharmaceutical products are available at attractive prices, which include both branded and generic products. To increase the efficiency of these medicines, most of the renowned and experienced pharmaceutical manufacturing companies utilize advanced quality manufacturing techniques.
Market Dynamics:
High presence of the Muslim population is expected to propel growth of the global halal pharmaceuticals market over the forecast period. For instance, according to Pew Research Center, the number of Muslims in the Asia Pacific is projected to increase from about 1 billion in 2010 to about 1.3 billion in 2030. This growth is due to various reasons like the increase in immigration, social and economic conditions, and the universal acceptance of Islam. It is evident that halal pharmaceuticals is booming health care industry as it has offered a new and effective approach to medication.
Stringent policies that strictly implement the principles of Islamic Shari'a law are expected to propel growth of the global halal pharmaceuticals market. For instance, in October 2019, Indonesia's Halal Product Law (“Halal Law”) came into effect. Moreover, initiatives to boost exports of halal products is also expected to aid in growth of the market. For instance, In February 2020, Malaysia’s halal promotion agency, Halal Development Corporation signed a memorandum of understanding with Acrosx Japan Inc. to boost the exports of halal products to Japan.
Key Takeaways:
- High presence of the Muslim population is expected to propel growth of the global halal pharmaceuticals market over the forecast period.
- Major players operating in the global halal pharmaceuticals market are focused on adopting partnership strategies to enhance their market share. For instance, in 2019, Duopharma Biotech Bhd signed a MoU with KPJ Healthcare Bhd to collaborate and cooperate in exploring mutually beneficial initiatives and awareness activities relating to halal pharmaceuticals.
- Major players operating in the global halal pharmaceuticals market include, CCM Pharmaceuticals, Pharmaniaga, Rosemont Pharmaceuticals, Simpor Pharma, Bosch Pharmaceuticals, and Noor Vitamins
Market Estimation:
The data processed and validated in secondary and primary research is analyzed to compute market estimation statistics. It involves market breakdown, bottom-up, and top-down research. Our research team considers macroeconomic factors to forecast a comprehensive statistical time series. Each data point is validated through the process data triangulation method to derive the final market estimation.
COVID-19 Impact:
The updated report, free extract available, comes with an option to access premium features that covers extensive past, current, and future data. Other valuable updates to the global Halal Pharmaceuticals Market report include a reviewed and refined pricing model for manufacturing and launch prices. The report incorporates new content to help give decision-makers key knowledge about the market and offers up-to-date forecasts accounting for the economic situation and impact of COVID-19.
Market Competition Assessment:
The Halal Pharmaceuticals Market is observed as the most diversified and competitive market comprising a large number of players. The market is dominated by several players, depending on their major competencies. The key players in this market are
- CCM Pharmaceuticals
- Pharmaniaga
- Rosemont Pharmaceuticals
- Simpor Pharma
- Bosch Pharmaceuticals
- NOOR VITAMINS
Segments Covered in the Report:
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2021 to 2028. For the purpose of this study, Stratagem Market Insights has segmented the global Halal Pharmaceuticals Market report on the basis of Types, Applications, and Regions.
By Product Type, the market is primarily segmented into:
- Tablets
- Syrups
- Capsules
- Others
By Applications, the market is segmented into:
- Health Care Products
- Drugs
The report covers the following Regions:
- North America
- Latin America
- Europe
- Asia Pacific
- Africa
- Middle East
Primary Research Insights:
The process of primary research starts with the verification and validation of every detail obtained in secondary research. This is done with the help of industry experts and in-house analysts who check the authentication of the data. Stratagem Market Insights also ensures that our research is not restricted by certain boundaries, which is why we consult each individual in the value chain including raw materials suppliers, local vendors, wholesale dealers, distributors, etc. We also make sure that every detail provided in the document will hold a certain value and it will not be trivial information. Moreover, current market trends, growth opportunities, drivers, and restraints are computed in primary research only.
The Report Sheds Light on Various Aspects of the Market, Some of the important ones are:
- What can be the best investment choices for venturing into new product and service lines?
- Which regions might see the demand maturing in certain segments in near future?
- Which government regulations might challenge the status of key regional markets?
- What are some of the value-grab opportunities in various segments?
- What will be the barrier to entry for new players in the market?
Why You Should Buy This Report:
- The report provides an all-inclusive environment of the analysis for the market
- In-depth secondary research and primary interviews
- Impact of various social, political, and economic factors
- Porter’s Five Forces Analysis
- Competitive Landscape
Available Customizations:
Custom research is one of the most crucial components of the business strategy that helps an organization gain insight into a specific business sector, aligned with its specific area of interest. Thus, SMI offers more accurate, pragmatic, and actionable information specifically tailored to suit your business needs.
Table of Content
1 Report Overview
1.1 Study Scope
1.2 Key Market Segments
1.3 Players Covered: Ranking by Halal Pharmaceuticals Market Revenue
1.4 Market Analysis by Type
1.5 Market by Application
1.5.1 Global Halal Pharmaceuticals Market Share by Application: 2021 VS 2028
1.6 Coronavirus Disease 2019 (Covid-19) Impact: Halal Pharmaceuticals Market
1.6.1 How the Covid-19 is Affecting the Halal Pharmaceuticals Market
1.6.1.1 Halal Pharmaceuticals Market Business Impact Assessment - Covid-19
1.6.2 Market Trends and Halal Pharmaceuticals Market Potential Opportunities in the COVID-19 Landscape
1.6.3 Measures / Proposal against Covid-19
1.6.3.1 Government Measures to Combat Covid-19 Impact
1.7 Study Objectives
1.8 Years Considered
2 Global Growth Trends by Regions
2.1 Halal Pharmaceuticals Market Perspective (2015-2028)
2.2 Halal Pharmaceuticals Market Growth Trends by Regions
2.2.1 Halal Pharmaceuticals Market Size by Regions: 2015 VS 2021 VS 2028
2.2.2 Halal Pharmaceuticals Market Historic Market Share by Regions (2015-2021)
2.2.3 Halal Pharmaceuticals Market Forecasted Market Size by Regions (2021-2028)
2.3 Industry Trends and Growth Strategy
2.3.1 Market Top Trends
2.3.2 Market Drivers
2.3.3 Market Challenges
2.3.4 Porters Five Forces Analysis
2.3.5 Halal Pharmaceuticals Market Growth Strategy
2.3.6 Primary Interviews with Key Halal Pharmaceuticals Market Players (Opinion Leaders)
3 Competition Landscape by Key Players
3.1 Global Top Halal Pharmaceuticals Market Players by Market Size
3.1.1 Global Top Halal Pharmaceuticals Market Players by Revenue (2015-2021)
3.1.2 Global Halal Pharmaceuticals Market Revenue Market Share by Players (2015-2021)
3.1.3 Global Halal Pharmaceuticals Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
3.2 Global Halal Pharmaceuticals Market Concentration Ratio
3.2.1 Global Halal Pharmaceuticals Market Concentration Ratio (CR5 and HHI)
3.2.2 Global Top 10 and Top 5 Companies by Halal Pharmaceuticals Market Revenue in 2019
3.3 Halal Pharmaceuticals Market Key Players Head office and Area Served
3.4 Key Players Halal Pharmaceuticals Market Product Solution and Service
3.5 Date of entering into Halal Pharmaceuticals Market
3.6 Mergers & Acquisitions, Expansion Plans
4 Breakdown Data by Type (2015-2028)
4.1 Global Halal Pharmaceuticals Market Historic Market Size by Type (2015-2021)
4.2 Global Halal Pharmaceuticals Market Forecasted Market Size by Type (2021-2028)
5 Halal Pharmaceuticals Market Breakdown Data by Application (2015-2028)
5.1 Global Halal Pharmaceuticals Market Size by Application (2015-2021)
5.2 Global Halal Pharmaceuticals Market Forecasted Market Size by Application (2021-2028)
6 North America
6.1 North America Halal Pharmaceuticals Market Size (2015-2021)
6.2 Halal Pharmaceuticals Market Key Players in North America (2019-2021)
6.3 North America Halal Pharmaceuticals Market Size by Type (2015-2021)
6.4 North America Halal Pharmaceuticals Market Size by Application (2015-2021)
7 Europe
7.1 Europe Halal Pharmaceuticals Market Size (2015-2021)
7.2 Halal Pharmaceuticals Market Key Players in Europe (2019-2021)
7.3 Europe Halal Pharmaceuticals Market Size by Type (2015-2021)
7.4 Europe Halal Pharmaceuticals Market Size by Application (2015-2021)
8 China
8.1 China Halal Pharmaceuticals Market Size (2015-2021)
8.2 Halal Pharmaceuticals Market Key Players in China (2019-2021)
8.3 China Halal Pharmaceuticals Market Size by Type (2015-2021)
8.4 China Halal Pharmaceuticals Market Size by Application (2015-2021)
9 Japan
9.1 Japan Halal Pharmaceuticals Market Size (2015-2021)
9.2 Halal Pharmaceuticals Market Key Players in Japan (2019-2021)
9.3 Japan Halal Pharmaceuticals Market Size by Type (2015-2021)
9.4 Japan Halal Pharmaceuticals Market Size by Application (2015-2021)
10 Southeast Asia
10.1 Southeast Asia Halal Pharmaceuticals Market Size (2015-2021)
10.2 Halal Pharmaceuticals Market Key Players in Southeast Asia (2019-2021)
10.3 Southeast Asia Halal Pharmaceuticals Market Size by Type (2015-2021)
10.4 Southeast Asia Halal Pharmaceuticals Market Size by Application (2015-2021)
11 India
11.1 India Halal Pharmaceuticals Market Size (2015-2021)
11.2 Halal Pharmaceuticals Market Key Players in India (2019-2021)
11.3 India Halal Pharmaceuticals Market Size by Type (2015-2021)
11.4 India Halal Pharmaceuticals Market Size by Application (2015-2021)
12 Central & South America
12.1 Central & South America Halal Pharmaceuticals Market Size (2015-2021)
12.2 Halal Pharmaceuticals Market Key Players in Central & South America (2019-2021)
12.3 Central & South America Halal Pharmaceuticals Market Size by Type (2015-2021)
12.4 Central & South America Halal Pharmaceuticals Market Size by Application (2015-2021)
13 Key Players Profiles
13.1 Company Details
13.2 Business Overview and Its Total Revenue
13.3 Halal Pharmaceuticals Market Introduction
13.4 Halal Pharmaceuticals Market Business (2015-2021)
13.5 Recent Development
14 Analyst's Viewpoints/Conclusions
15 Appendix
15.1 Research Methodology
15.1.1 Methodology/Research Approach
15.1.2 Data Source
15.2 Disclaimer
15.3 Author Details
List of Table
Table 1. Halal Pharmaceuticals Market Key Market Segments
Table 2. Key Players Covered: Ranking by Halal Pharmaceuticals Market Revenue
Table 3. Ranking of Global Top Halal Pharmaceuticals Market Manufacturers by Revenue (US$ Million) in 2019
Table 4. Global Halal Pharmaceuticals Market Size Growth Rate by Type (US$ Million): 2021 VS 2028
Table 5. COVID-19 Impact Global Market
Table 6. Opportunities and Trends for Halal Pharmaceuticals Market Players in the COVID-19 Landscape
Table 7. Present Opportunities in China & Elsewhere Due to the Coronavirus Crisis
Table 8. Key Regions/Countries Measures against Covid-19 Impact
Table 9. Proposal for Halal Pharmaceuticals Market Players to Combat Covid-19 Impact
Table 10. Global Halal Pharmaceuticals Market Size Growth by Application (US$ Million): 2021 VS 2028
Table 11. Global Halal Pharmaceuticals Market Size by Regions (US$ Million): 2021 VS 2028
Table 12. Global Halal Pharmaceuticals Market Size by Regions (2015-2021) (US$ Million)
Table 13. Global Halal Pharmaceuticals Market Share by Regions (2015-2021)
Table 14. Global Halal Pharmaceuticals Market Forecasted Market Size by Regions (2021-2028) (US$ Million)
Table 15. Global Halal Pharmaceuticals Market Share by Regions (2021-2028)
Table 16. Market Top Trends
Table 17. Key Drivers: Impact Analysis
Table 18. Key Challenges
Table 19. Halal Pharmaceuticals Market Growth Strategy
Table 20. Main Points Interviewed from Key Halal Pharmaceuticals Market Players
Table 21. Global Halal Pharmaceuticals Market Revenue by Players (2015-2021) (Million US$)
Table 22. Global Halal Pharmaceuticals Market Share by Players (2015-2021)
Table 23. Global Top Halal Pharmaceuticals Market Players by Company Type (Tier 1, Tier 2 and Tier 3) (based on the Revenue in Halal Pharmaceuticals Market as of 2019)
Table 24. Global Halal Pharmaceuticals Market by Players Market Concentration Ratio (CR5 and HHI)
Table 25. Key Players Headquarters and Area Served
Table 26. Key Players Halal Pharmaceuticals Market Product Solution and Service
Table 27. Date of entering into Halal Pharmaceuticals Market
Table 28. Mergers & Acquisitions, Expansion Plans
Table 29. Global Halal Pharmaceuticals Market Size by Type (2015-2021) (Million US$)
Table 30. Global Halal Pharmaceuticals Market Size Share by Type (2015-2021)
Table 31. Global Halal Pharmaceuticals Market Revenue Market Share by Type (2021-2028)
Table 31. Global Halal Pharmaceuticals Market Size Share by Application (2015-2021)
Table 33. Global Halal Pharmaceuticals Market Size by Application (2015-2021) (Million US$)
Table 34. Global Halal Pharmaceuticals Market Size Share by Application (2021-2028)
Table 35. North America Key Players Halal Pharmaceuticals Market Revenue (2019-2021) (Million US$)
Table 36. North America Key Players Halal Pharmaceuticals Market Share (2019-2021)
Table 37. North America Halal Pharmaceuticals Market Size by Type (2015-2021) (Million US$)
Table 38. North America Halal Pharmaceuticals Market Share by Type (2015-2021)
Table 39. North America Halal Pharmaceuticals Market Size by Application (2015-2021) (Million US$)
Table 40. North America Halal Pharmaceuticals Market Share by Application (2015-2021)
Table 41. Europe Key Players Halal Pharmaceuticals Market Revenue (2019-2021) (Million US$)
Table 42. Europe Key Players Halal Pharmaceuticals Market Share (2019-2021)
Table 43. Europe Halal Pharmaceuticals Market Size by Type (2015-2021) (Million US$)
Table 44. Europe Halal Pharmaceuticals Market Share by Type (2015-2021)
Table 45. Europe Halal Pharmaceuticals Market Size by Application (2015-2021) (Million US$)
Table 46. Europe Halal Pharmaceuticals Market Share by Application (2015-2021)
Table 47. China Key Players Halal Pharmaceuticals Market Revenue (2019-2021) (Million US$)
Table 48. China Key Players Halal Pharmaceuticals Market Share (2019-2021)
Table 49. China Halal Pharmaceuticals Market Size by Type (2015-2021) (Million US$)
Table 50. China Halal Pharmaceuticals Market Share by Type (2015-2021)
Table 51. China Halal Pharmaceuticals Market Size by Application (2015-2021) (Million US$)
Table 52. China Halal Pharmaceuticals Market Share by Application (2015-2021)
Table 53. Japan Key Players Halal Pharmaceuticals Market Revenue (2019-2021) (Million US$)
Table 54. Japan Key Players Halal Pharmaceuticals Market Share (2019-2021)
Table 55. Japan Halal Pharmaceuticals Market Size by Type (2015-2021) (Million US$)
Table 56. Japan Halal Pharmaceuticals Market Share by Type (2015-2021)
Table 57. Japan Halal Pharmaceuticals Market Size by Application (2015-2021) (Million US$)
Table 58. Japan Halal Pharmaceuticals Market Share by Application (2015-2021)
Table 59. Southeast Asia Key Players Halal Pharmaceuticals Market Revenue (2019-2021) (Million US$)
Table 60. Southeast Asia Key Players Halal Pharmaceuticals Market Share (2019-2021)
Table 61. Southeast Asia Halal Pharmaceuticals Market Size by Type (2015-2021) (Million US$)
Table 62. Southeast Asia Halal Pharmaceuticals Market Share by Type (2015-2021)
Table 63. Southeast Asia Halal Pharmaceuticals Market Size by Application (2015-2021) (Million US$)
Table 64. Southeast Asia Halal Pharmaceuticals Market Share by Application (2015-2021)
Table 65. India Key Players Halal Pharmaceuticals Market Revenue (2019-2021) (Million US$)
Table 66. India Key Players Halal Pharmaceuticals Market Share (2019-2021)
Table 67. India Halal Pharmaceuticals Market Size by Type (2015-2021) (Million US$)
Table 68. India Halal Pharmaceuticals Market Share by Type (2015-2021)
Table 69. India Halal Pharmaceuticals Market Size by Application (2015-2021) (Million US$)
Table 70. India Halal Pharmaceuticals Market Share by Application (2015-2021)
Table 71. Central & South America Key Players Halal Pharmaceuticals Market Revenue (2019-2021) (Million US$)
Table 72. Central & South America Key Players Halal Pharmaceuticals Market Share (2019-2021)
Table 73. Central & South America Halal Pharmaceuticals Market Size by Type (2015-2021) (Million US$)
Table 74. Central & South America Halal Pharmaceuticals Market Share by Type (2015-2021)
Table 75. Central & South America Halal Pharmaceuticals Market Size by Application (2015-2021) (Million US$)
Table 76. Central & South America Halal Pharmaceuticals Market Share by Application (2015-2021)
Table 77. Company Details
Table 78. Business Overview
Table 79. Product details
Table 80. Revenue in Halal Pharmaceuticals Market Business (2015-2021) (Million US$)
Table 81. Recent Development
List of Figures
Figure 1. Global Halal Pharmaceuticals Market Share by Type: 2021 VS 2028
Figure 2. Global Halal Pharmaceuticals Market Share by Application: 2021 VS 2028
Figure 3. Emergency Care Case Studies
Figure 4. Outpatient Facilities Case Studies
Figure 5. Hospitals Case Studies
Figure 6. Home Healthcare Facilities Case Studies
Figure 7. Halal Pharmaceuticals Market Report Years Considered
Figure 8. Global Halal Pharmaceuticals Market Size YoY Growth 2015-2028 (US$ Million)
Figure 9. Global Halal Pharmaceuticals Market Share by Regions: 2021 VS 2028
Figure 10. Global Halal Pharmaceuticals Market Share by Regions (2021-2028)
Figure 11. Porter's Five Forces Analysis
Figure 12. Global Halal Pharmaceuticals Market Share by Players in 2019
Figure 13. Global Top Halal Pharmaceuticals Market Players by Company Type (Tier 1, Tier 2, and Tier 3) (based on the Revenue in Halal Pharmaceuticals Market as of 2019
Figure 14. The Top 10 and 5 Players Market Share by Halal Pharmaceuticals Market Revenue in 2019
Figure 15. North America Halal Pharmaceuticals Market Size YoY Growth (2015-2021) (Million US$)
Figure 16. Europe Halal Pharmaceuticals Market Size YoY Growth (2015-2021) (Million US$)
Figure 17. China Halal Pharmaceuticals Market Size YoY Growth (2015-2021) (Million US$)
Figure 18. Japan Halal Pharmaceuticals Market Size YoY Growth (2015-2021) (Million US$)
Figure 19. Southeast Asia Halal Pharmaceuticals Market Size YoY Growth (2015-2021) (Million US$)
Figure 20. India Halal Pharmaceuticals Market Size YoY Growth (2015-2021) (Million US$)
Figure 21. Central & South America Halal Pharmaceuticals Market Size YoY Growth (2015-2021) (Million US$)
Figure 22. Bottom-up and Top-down Approaches for This Report
Figure 23. Data Triangulation
Figure 24. Key Executives Interviewed
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