The Traditional Chinese Medicine (TCM) market size reached USD 18.8 Billion in 2021 and is expected to register a revenue CAGR of 11.9% during the forecast period according to the latest analysis by Emergen Research. In developing countries in the Asia Pacific and East Asian areas, there has been rise in demand for affordable traditional Chinese medicines as a result of high demand from the local pharmaceutical industry. The 3,000 active traditional Chinese medicine processing businesses are expected to increase their manufacturing capacity as a result of infrastructure projects such as the Belt and Road Initiative and foreign traditional Chinese medicine centers. Demand for effective formulations of traditional Chinese medicine is rising, although at a slower rate in industrialized economies than in emerging ones, according to trends.
The latest market research report, titled ‘Global Traditional Chinese Medicine Market,’ methodically compiles the principal components of the global Traditional Chinese Medicine market research study. The report comprises an in-depth investigation of the market, underlining the latest growth trends and market dynamics. The report is intended to help readers make an accurate assessment of the present and future market scenarios. The global Traditional Chinese Medicine industry is poised to witness substantial growth during the projected timeframe, demonstrating a robust healthy CAGR
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Competitive Outlook: The leading companies operating in the Traditional Chinese Medicine market have been enumerated in this report. This section of the report lays emphasis on the geographical reach and production facilities of these companies. To get ahead of their rivals, the leading players are focusing more on offering products at competitive prices, according to our analysts.
Top Companies Operating in the Traditional Chinese Medicine Market and Profiled in the Report are:
Zhongxin Pharmaceuticals, Solstice Medicine Company, Inc., China Chinese Medicine Holding Co., Ltd., Tongrentang, Tianjin Tasly Group, Shanghai Sundise Traditional Chinese Medicine Co., Ltd, Yuannan Baiyao, Pfizer Inc., Hunan Goldliloo Pharmaceutical Co., Ltd, and Chengdu Qiankun Veterinary Pharmaceuticals Co., Ltd.
Objectives of the Report:
Competitive landscape benchmarking
Analysis of Traditional Chinese Medicine market based on growth trends, futuristic outlook, and contribution to the total growth of the market
Study of the global Traditional Chinese Medicine market size by key regions, types, and applications with reference to historical data (2017-2018) and forecast (2020-2027)
Industrial structure analysis of the Traditional Chinese Medicine market by identification of various sub-segments
Extensive analysis of key market players along with their SWOT analysis
Analysis of drivers, constraints, opportunities, challenges, and risks in the global Traditional Chinese Medicine market
Comprehensive analysis of competitive developments such as expansions, agreements, new product launches, and other strategic alliances
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Segments Covered in this report are:
Therapy Type Outlook (Revenue, USD Billion; 2019–2030)
Herbal Medicine
Cupping Therapy
Compounding Therapy
Magneto Therapy
Aroma Therapy
Moxibustion
Acupuncture
Others
Disease Type Outlook (Revenue, USD Billion; 2019–2030)
Autism Spectrum Disorder (ASD)
Attention Deficit Hyperactivity Disorder (ADHD)
Regional Outlook (Revenue, USD Billion; 2019–2030)
North America
U.S.
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Spain
Benelux
Rest of Europe
Asia Pacific
China
India
Japan
South Korea
Rest of APAC
Latin America
Brazil
Rest of LATAM
Middle East & Africa
Saudi Arabia
U.A.E.
South Africa
Turkey
Rest of MEA
Regional Analysis:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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