Traditional Chinese Medicine Market Expected To Experience A CAGR Of Over 5% During The Forecast Period 2020-2030

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Key Points from Traditional Chinese Medicine Market Research

  • Non-Traditional Chinese Medicines are the major product segment in the global traditional Chinese medicine market. The Autism Spectrum Disorder (ASD) segment has gained ground in recent years and is expected to grow at a rate of 6.7% during the forecast period.
  • North America is the leading region in the traditional Chinese medicine market, followed by Europe.
  • Is and South Asia, including China, South Korea, Japan, India, and ASEAN countries, is the fastest growing region in the traditional Chinese medicine market, due to improved medical infrastructure.
  • Pliers Ren tang, Pfizer and Novartis AG are among the major players in the global traditional Chinese medicine market. These companies invest most of their income in R&D and focus on strengthening their distribution channels to maintain a leading position in the traditional Chinese medicine market.
  • Over 100 healthcare systems partner with retail chains, providing oversight of physicians and increasing patient traffic to retail clinics, and expanding healthcare system networks to new patient populations .
  • The COVID-19 pandemic is a source of concern, which has deprioritized non-essential medical treatment. This will hurt the growth of the global traditional Chinese medicine market in the short term

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“Increasing the incidence of ADHD to stimulate the growth of the global traditional Chinese medicine market,” said an analyst from PMR.

The increasing prevalence of ADHD is a major factor contributing to the growth of traditional Chinese medicine market revenue across the world. The exact cause of ADHD is not yet clear, although a genetic influence is seen in most cases.

According to data released by the Centers for Disease Control and Prevention (CDC), approximately 6.1 million (9.4%) – 388,000 children aged 2 to 5, 4 million children aged 6 to 11 and 3 million children aged 12 to 17 – diagnosed with ADHD in the United States Spain, the combined prevalence of ADHD in a population of 361,580 representing children and adolescents has been estimated at 6.8% over the past decade.

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The prevalence of ADHD is increasing at an alarming rate, which is expected to fuel the growth in revenue from ADHD therapies such as traditional Chinese medicines, as there is no specific treatment for the disorder.

Product innovation – Key strategy of traditional Chinese medicine market players

The major players in the global traditional Chinese medicine market are introducing innovative products to maintain their market share. A patented technology called the Oral Osmotic Controlled Release Delivery System (OROS) is used in Concerta, manufactured by Johnson & Johnson. It releases an initial dose of methylphenidate within the first two hours of ingestion, and as the pill passes into the stomach and gastrointestinal tract, water is absorbed, resulting in internal pressure, which releases small amounts of medicine as the pill passes through the intestine. This technology has been implemented to maintain the consistency of improved cognitive performance throughout the day.

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What does the report cover?

Persistence Market Research provides a unique perspective and actionable insights into the Traditional Chinese Medicine market in its latest study, presenting a historical assessment of 2015-2019 demand and projections for 2020-2030, on the basis of product (medicine Traditional Chinese Medicine (TCM) and non-traditional Chinese medicines (non TCM)) and the indication (Autism Spectrum Disorder (ASD) and Attention Deficit Hyperactivity Disorder (ADHD)), in seven key regions.

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Browse the market from start to finish: Life Sciences and Transformational Health

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