Ongoing Research and Development
Traditional medicine refers to medicines that have been formulated by using practices and knowledge which has evolved thousands of years. The market value of traditional medicines are increasing and the worldwide annual market approaches US$ 60 billion. Several countries like China, India, Nigeria, USA, and World Health Organization have made substantial research investments in the development of traditional medicine. Even several leading pharmaceutical companies are looking forward to promising medicinal herbs and novel chemical compounds. The recent researches on traditional medicine show significant results in treating diabetes, cancer, AIDS, viral diseases and other pathogenic diseases.