Applications of Natural Products
These natural products play a critical role in identification of numerous medicines.A huge number of anti-infectives are based on natural products. The constituents of these natural products helps in numerous drug discovery. The pharmacological activity of these products are of therapeutic benefit in curing diseases.
The global market for botanical and plant-derived drugs was valued at $23.2 billion in 2013 and $24.4 billion in 2014. The complete market is expected to reach $25.6 billion in 2015 and nearly $35.4 billion in 2020, with a compound annual growth rate (CAGR) of 6.6% from 2015 to 2020.