Traditional Chinese Medicine Market Size, Regional Outlook, Competitive Landscape, Revenue Analysis & Forecast #22
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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 Global Traditional Chinese Medicine Market Research Report published by Emergen Research has been formulated by analysis of key business details and extensive geographical spread of the Traditional Chinese Medicine industry. The study offers comprehensive coverage of the qualitative and quantitative analysis of the Traditional Chinese Medicine market along with crucial statistical data about the Traditional Chinese Medicine market. The research study provides historical data from 2017 to 2018 and offers accurate forecast estimation until 2027. The report also profiles established and emerging players of the market, covering the business overview, product portfolio, strategic alliances, and business expansion strategies.
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Key companies operating in the Traditional Chinese Medicine market include:
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.
Key market aspects studied in the report:
Market Scope: The report explains the scope of various commercial possibilities in the global Traditional Chinese Medicine market over the upcoming years. The estimated revenue build-up over the forecast years has been included in the report. The report analyzes the key market segments and sub-segments and provides deep insights into the market to assist readers with the formulation of lucrative strategies for business expansion.
Key Benefits of the Report:
Comprehensive analysis of the competitive scenario and its changing dynamics
Analytical data with detailed SWOT analysis and Porter’s Five Forces analysis
In-depth 8-year analysis of the Global Traditional Chinese Medicine Market
Critical understanding of the key market segments
Comprehensive analysis of the drivers, restraints, trends, and opportunities
Detailed regional analysis and extensive company profiling
Extensive assessment of current and emerging trends of the market
For more informative information, please visit us @https://www.emergenresearch.com/industry-report/traditional-chinese-medicine-market
Traditional Chinese Medicine Market Segmentation:
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
Traditional Chinese Medicine Market Segmentation by Regions:
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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About Emergen Research
Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
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