Traditional Chinese Medicine Market Review: Long-Term Opportunity Vs. Short-Term Challenges

Traditional Chinese Medicine Market Latest Edition Published with Forecast to 2028
According to the report, Invention of New Traditional Herbs is one of the primary growth factors for the market. Increasing Demand in Various Therapy is also expected to contribute significantly to the Traditional Chinese Medicine market. Overall, applications of Traditional Chinese Medicine, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. New players are beginning to enter the market and established companies have been changing their business models – a trend that will continue in the future.

AMA’s Analyst on the Global Traditional Chinese Medicine Market identified that the demand is rising in many different parts of the world due to "Growing Healthcare Infrastructure ". Furthermore, some recent industry insights like "On 2 September 2020, JD Health Launched An “Online Service Platform For Prepared Slices Of Traditional Chinese Medicine (TCM)” On September 2nd, And Announced To Strengthen Its Cooperation With TRT Health, The Healthcare Subsidiary Of The Time-Honored Chinese Pharmaceutical Brand Tong Ren Tang." is constantly making the industry dynamic. One of the challenges that industry facing is "Limited Knowledge Regarding Traditional Chinese Medicine, Lack of Professionals and Expertise and Sudden Demand in Covid-19"

The Distribution Channel, such as Hospitals & Clinics, is boosting the Traditional Chinese Medicine market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

The Diseases, such as Asthma, is boosting the Traditional Chinese Medicine market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

The report provides an in-depth analysis and forecast about the industry covering the following key features:
o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies
o Analyses the Global Traditional Chinese Medicine market according to Type, Application, and regions
o Analyzes the top 10 players in terms of market reach, business strategy, and business focus
o Provides stakeholders’ insights and key drivers & trends of the market

Market Size Estimation
In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Traditional Chinese Medicine market and other related sub-markets covered in the study.

o Key & emerging players in the Traditional Chinese Medicine market have been observed through secondary research.
o The industry’s supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes.
o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Data Triangulation
The overall Traditional Chinese Medicine market size is calculated using market estimation process, the Traditional Chinese Medicine market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Traditional Chinese Medicine market size has been validated using both top-down and bottom-up approaches.

Craig Francis

PR & Marketing Manager