Natural Products of Medicinal Interest
A substance that is derived from the natural source like plants and other living organisms is named as natural product. These are prepared by chemical combination of both the semi and total amalgams. The term natural product was been prolonged for trade purpose for cosmetics and weight loss supplements and also for prevention of tumours and infections, cancer and diabetes etc. Natural products of more than 50% are approved by FDA.
The global botanical and plant-derived drug market was valued at $21.4 billion in 2011 and should reach $22.1 billion in 2012 and the total market value is expected to reach $26.6 billion in 2017 after increasing at a five-year compound annual growth rate (CAGR) of 3.7%.