China Traditional Chinese Medicine Market is growing with factors such as rising prevalence of osteoarthritis and favorable government policies for traditional Chinese medicine. Advantages of traditional Chinese medicine also act as a major factor for the growth of the market. Increasing awareness towards traditional Chinese medicine has also given a boom to the China traditional Chinese medicine market.
Increasing research and development has propelled the demand of the market. However, Side effects associated with the acupuncture and herbal medicines and serious injury caused by tai chi have decreased the demand of the market.
China Traditional Chinese Medicine Market Scenario
According to Data Bridge Market Research, the market for China traditional Chinese medicine is growing with the market leader such as China Traditional Chinese Medicine Holdings Co. Limited which accounts an estimated market share of 6.78%. The Company has gained outstanding sale by providing innovative traditional Chinese medicines.
- In October 2019, China Traditional Chinese Medicine Holdings Co. Limited organized the brand strategy conference in order to expand its traditional Chinese medicines brand portfolio. TCM brand involving finished drugs, decoction pieces and products of medicines have been recognized among the individuals collected at press conference. This initiative thus helped the company to enhance its revenue by earning more product sales.
Trends Impacting the Market
The China traditional Chinese medicine market is becoming more competitive with companies like China Traditional Chinese Medicine Holdings Co. Limited, Guangzhou Pharmaceutical Holdings Limited, Yunnan Baiyao which are the leader for traditional Chinese medicines. The data bridge market research new reports highlight the major growth factors and opportunities in the China traditional Chinese medicine market.
For more analysis on the China traditional Chinese medicine market request for a briefing with our analysts https://www.databridgemarketresearch.com/speak-to-analyst/?dbmr=china-traditional-chinese-medicine-market
New market Development
- In August 2020, Guangzhou Pharmaceutical Holdings Limited announced about its major focus on TCM business. Moreover, the company has expanded the size of its subsidiaries so as to efficiently carry out the manufacturing of traditional Chinese medicines brand. This expansion helped the company to accelerate its product development and to earn more revenue.
Scope of the China Traditional Chinese Medicine Market
- China traditional Chinese medicine market is segmented into four notable segments which are on the basis of therapy type, application, end user and distribution channel. On the basis of therapy type, the China traditional Chinese medicine market is segmented into acupuncture, cupping therapy, herbal medicine, aroma therapy, compounding therapy and magneto therapy. On the basis of application, the China traditional Chinese medicine market is segmented into osteoarthritis, cold and flus, stress, muscle spasms, chronic fatigue syndrome, tension headache, menstrual pain, insomnia, infertility in women, irregular menstruation, sexual dysfunction in men, cough, allergies, menopause, cardiovascular disease, respiratory infections, diabetes, asthma, eczema, constipation, weight loss, cancer treatment, hiv support, epilepsy, irritable bowel syndrome, dementia and others. On the basis of end user, the China traditional Chinese medicine market is segmented into clinics, home healthcare and hospitals. On the basis of distribution channel, the China traditional Chinese medicine market is segmented into direct tender, retail sales and pharmacies.
To know more about the study https://www.databridgemarketresearch.com/reports/china-traditional-chinese-medicine-market
Key Pointers Covered in China Traditional Chinese medicine Market Industry Trends and Forecast to 2027
- Market Size
- Top to Bottom Market Analysis
- Recent Developments for Market Competitors
- Recent Market Value for Different Countries
- Market value and over view of traditional Chinese medicine market
- Company profiling of top eight players of traditional Chinese medicine market
Key Market Competitors Covered in the Report
- China Traditional Chinese Medicine Holdings Co. Limited
- China SXT Pharmaceuticals, Inc.
- Merro Pharmaceutical Co.,Ltd
- PuraPharm International (H.K.) Ltd.
- Zhangzhou Pien Tze Huang Pharmaceutical Co.,Ltd
- Tasly.Phar. International Co.,Ltd.
- Zhengzhou Ruilong Pharmaceutical Co., Ltd.
- Yunnan Baiyao
- Impression Jumpcan
- Guangzhou Pharmaceutical Holdings Limited
- Kangmei Pharmaceutical Co., Ltd.
- Beijing Tong Ren Tang Chinese Medicine Co. Ltd.
- Xiamen Traditional Chinese Medicine Co., Ltd
- AT-AROMA Co., Ltd.aroma
- KPC Pharmaceuticals, Inc
Above are the key players covered in the report, to know about more and exhaustive list of China traditional Chinese medicine companies’, contact us https://www.databridgemarketresearch.com/toc/?dbmr=china-traditional-chinese-medicine-market
Research Methodology: China Traditional Chinese Medicine Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include vendor positioning grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, top to bottom analysis and vendor share analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Primary Respondents
- Demand Side: Manufacturer, Healthcare Industry, Psychologists, Scientists, Research Laboratories
- Supply Side: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, and Regulatory Affairs Managers among others.
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