Traditional Chinese Medicine Market Size, Share, Sales, Analysis, Forecast, Industry Competition & Player Profiles 2023 - 2032

Report code : IS595, Status : Published, Published on: Jan, 2021, Pages : 156 Pages, Format : PDF/PPT/Excel

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Description

The Traditional Chinese Medicine Market is seeing prominent growth avenues on account of the increased acceptance from various developed and developing countries. The growing urbanisation, combined with the technological advancements in healthcare sector, and the presence of favourable health insurance policies, are some of the key factors stimulating a rise in the opportunities of the Traditional Chinese Medicine Market.

This aside, the presence of government policies of several countries, are working in the favour of the market for traditional Chinese medicine in the years to come. Traditional Chinese Medicine combines medical knowledge with the Chinese philosophy and history. While the modern medicine focuses on providing disease specific treatments or treating specific affected organs, Traditional Chinese Medicine aims at strengthening the overall health of the individual it is administered to.

Although not scientifically proven and thus not recommended to be a standalone treatment, Traditional Chinese Medicine has been accepted as a supportive treatment in the cure of many diseases. In a systematic review by a group of scientists based in UK, herbal therapy was found to have been efficient enough to improve the quality of life in non-small cell lung cancer patients, where better weight stability and reduction in the chemotherapy side effects such as anemia, has also been observed. These results elevate the possibility of using Traditional Chinese Medicine as adjuvant in non-small cell lung cancer chemotherapy to improve compliance. The external treatment of acupuncture has also been proven effective in providing pain relief for conditions such as chronic shoulder pain and migraine.

With the current rise in globalisation and an increased acceptance of traditional healing methods, TCM has begun gaining popularity outside of the Chinese community. In fact, many renowned hospitals outside of the region of Asia Pacific, like John Hopkins Hospital of Maryland, USA, and University College London Hospitals of London, UK, have set up a specialised department on alternative forms of medicine, with TCM being one of the key areas of focus. Traditional Chinese Medicine is now also included in eleventh revision of the International Classification of Diseases, which is overseen by the World Health Organisation. This is a long overdue, yet somewhat of an unprecedented milestone for TCM as its way of disease diagnosis, treatment and prevention to get acknowledged by such a renowned global body for health.

Traditional Chinese Medicine Market Value Share Analysis, by Geography (2022)

The report titled “Traditional Chinese Medicine Market - Global Market Share, Trends, Analysis and Forecasts, 2023-2032” wherein 2021 is historic period, 2022 is the base year, and 2023 to 2032 is forecast period. Additionally, the study takes into consideration the competitive landscape, wherein the report would provide company overview and market outlook for leading players in the global Traditional Chinese Medicine Market. Furthermore, the report would reflect the key developments, global & regional sales network, business strategies, research & development activities, employee strength, and key executive, for all the major players operating in the market.

The global Traditional Chinese Medicine Market is segmented on the basis of Therapy Type, Application, and geography. Based on Therapy Type is segmented into Acupuncture, Cupping Therapy, Herbal Medicine, Moxibustion, Aroma Therapy, Compounding Therapy, Magneto Therapy, Others. Based on Application is segmented into Relaxation, Insomnia, Pain management, Skin and hair care, Scar management, Cold and cough, Cancer treatment, Others. Based on geography is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. North America is sub-segmented into the United States, Canada and Rest of North America. Europe is sub-segmented into Germany, United Kingdom, Belgium, Spain, and Rest of Europe. Asia Pacific is sub-segmented into China, Japan, India, Australia, and Rest of Asia Pacific. Middle East & Africa is sub-segmented into Saudi Arabia, the UAE, and Rest of Middle East & Africa. South America is sub-segmented into Brazil and Rest of South America.

The research provides in-depth analysis of prominent players holding majority share of the global market with a focus on all operating business segment and would identify the segment of the company focusing on Traditional Chinese Medicine Market. Further, market share of prominent companies in the global Traditional Chinese Medicine Market would also be estimated.

The study takes into consideration the key competitive information such as business strategy, product portfolio, key development, swot analysis, and research and development focus of all the Traditional Chinese Medicine companies. The global Traditional Chinese Medicine Market study would take into consideration the participants engaged throughout the supply chain and value chain of the market, along with their contribution.

Product portfolio would focus on all the products under the Traditional Chinese Medicine business segment of the company. Similarly, the recent development section would focus on the latest developments of company such as strategic alliances and partnerships, merger and acquisition, new product launched and geographic expansion in the global Traditional Chinese Medicine Market.

The Key Players of the traditional chinese medicine include Apicare Pain Clinic, Tongrentang Hospital, Beijing Chinese Medicine Hospital, Dongzhimen Hospital, Beijing Hua Kang Hospital, Mayo Clinic, YinOvaCenter and WOTCM.

The Traditional Chinese Medicine Market is segmented as follows:

By Therapy Type

By Application

By Region

North America
- U.S.
- Canada
Europe
- Germany
- UK
- France
- Spain
- Italy
- Rest of Europe
Asia Pacific
- Japan
- China
- India
- Australia
- Rest of APAC
South America
- Brazil
- Rest of South America
Middle East & Africa
- UAE
- South Africa
- Saudi Arabia
- Rest of MEA

Table Of Content

Introduction
- Research Objectives
- Report Assumptions
- Research Methodology
- Abbreviations
Preface
- Market Definition
- Report Scope and Market Segmentation
- Research Highlights
Market Synopsis: Global Traditional Chinese Medicine Market
Global Traditional Chinese Medicine Market Qualitative Analysis
- Ecosystem Analysis
  - Role of participants
  - Integration scenario
- Trends
  - Market trends
  - Technology Trends
- PESTLE Analysis (For 5 prominent countries)
- Market Influencers
  - Driving Forces
  - Hindering Forces
  - Opportunities
- COVID-19 impact
- Regulations
Global Traditional Chinese Medicine Market Analysis and Forecast, by Therapy Type
- Overview and definitions
- Key segment analysis
- Global Traditional Chinese Medicine Market Estimates (US$ Mn), by Therapy Type, 2019 – 2032
  - Acupuncture
  - Cupping Therapy
  - Herbal Medicine
  - Moxibustion
  - Aroma Therapy
  - Compounding Therapy
  - Magneto Therapy
  - Others

Global Traditional Chinese Medicine Market Analysis and Forecast, by Application
- Overview and definitions
- Key segment analysis
- Global Traditional Chinese Medicine Market Estimates (US$ Mn), by Application, 2019 – 2032
  - Relaxation
  - Insomnia
  - Pain management
  - Skin and hair care
  - Scar management
  - Cold and cough
  - Cancer treatment
  - Others

Global Traditional Chinese Medicine Market Analysis and Forecast, by Region
- Overview and definitions
- Key segment analysis
- Global Traditional Chinese Medicine Market Estimates (US$ Mn), by Region, 2019 – 2032
  - North America
  - Europe
  - Asia Pacific
  - Middle East & Africa
  - South America

North America Traditional Chinese Medicine Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- North America Traditional Chinese Medicine Market Estimates (US$ Mn), by Therapy Type, 2019 – 2032
  - Acupuncture
  - Cupping Therapy
  - Herbal Medicine
  - Moxibustion
  - Aroma Therapy
  - Compounding Therapy
  - Magneto Therapy
  - Others
- North America Traditional Chinese Medicine Market Estimates (US$ Mn), by Application, 2019 – 2032
  - Relaxation
  - Insomnia
  - Pain management
  - Skin and hair care
  - Scar management
  - Cold and cough
  - Cancer treatment
  - Others
- North America Traditional Chinese Medicine Market Estimates (US$ Mn), Country, 2019 – 2032
  - The U.S.
  - Canada
  - Rest of North America

Europe Traditional Chinese Medicine Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- Europe Traditional Chinese Medicine Market Estimates (US$ Mn), by Therapy Type, 2019 – 2032
  - Acupuncture
  - Cupping Therapy
  - Herbal Medicine
  - Moxibustion
  - Aroma Therapy
  - Compounding Therapy
  - Magneto Therapy
  - Others
- Europe Traditional Chinese Medicine Market Estimates (US$ Mn), by Application, 2019 – 2032
  - Relaxation
  - Insomnia
  - Pain management
  - Skin and hair care
  - Scar management
  - Cold and cough
  - Cancer treatment
  - Others
- Europe Traditional Chinese Medicine Market Estimates (US$ Mn), Country, 2019 – 2032
  - Germany
  - United Kingdom
  - Italy
  - France
  - Spain
  - Rest of Europe

Asia Pacific Traditional Chinese Medicine Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- Asia Pacific Traditional Chinese Medicine Market Estimates (US$ Mn), by Therapy Type, 2019 – 2032
  - Acupuncture
  - Cupping Therapy
  - Herbal Medicine
  - Moxibustion
  - Aroma Therapy
  - Compounding Therapy
  - Magneto Therapy
  - Others
- Asia Pacific Traditional Chinese Medicine Market Estimates (US$ Mn), by Application, 2019 – 2032
  - Relaxation
  - Insomnia
  - Pain management
  - Skin and hair care
  - Scar management
  - Cold and cough
  - Cancer treatment
  - Others
- Asia Pacific Traditional Chinese Medicine Market Estimates (US$ Mn), by End Use, 2019 – 2032
  - Contract Research Organization
  - Bio-Pharmaceutical companies
  - Academic and Research centers
  - Pharmaceutical Companies
  - Others
- Asia Pacific Traditional Chinese Medicine Market Estimates (US$ Mn), Country, 2019 – 2032
  - Japan
  - India
  - China
  - Australia
  - Rest of Asia Pacific

Middle East & Africa Traditional Chinese Medicine Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- Middle East & Africa Traditional Chinese Medicine Market Estimates (US$ Mn), by Therapy Type, 2019 – 2032
  - Acupuncture
  - Cupping Therapy
  - Herbal Medicine
  - Moxibustion
  - Aroma Therapy
  - Compounding Therapy
  - Magneto Therapy
  - Others
- Middle East & Africa Traditional Chinese Medicine Market Estimates (US$ Mn), by Application, 2019 – 2032
  - Relaxation
  - Insomnia
  - Pain management
  - Skin and hair care
  - Scar management
  - Cold and cough
  - Cancer treatment
  - Others
- Middle East & Africa Traditional Chinese Medicine Market Estimates (US$ Mn), Country, 2019 – 2032
  - Saudi Arabia
  - South Africa
  - UAE
  - Rest of Middle East

South America Traditional Chinese Medicine Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- South America Traditional Chinese Medicine Market Estimates (US$ Mn), by Therapy Type, 2019 – 2032
  - Acupuncture
  - Cupping Therapy
  - Herbal Medicine
  - Moxibustion
  - Aroma Therapy
  - Compounding Therapy
  - Magneto Therapy
  - Others
- South America Traditional Chinese Medicine Market Estimates (US$ Mn), by Application, 2019 – 2032
  - Relaxation
  - Insomnia
  - Pain management
  - Skin and hair care
  - Scar management
  - Cold and cough
  - Cancer treatment
  - Others
- South America Traditional Chinese Medicine Market Estimates (US$ Mn), Country, 2019 – 2032
  - Brazil
  - Rest of South America

Competition Analysis – Traditional Chinese Medicine Market
- Market Composition
- Market Share Analysis (%), by Supplier (2022)
- Comparative Analysis, by leading market players
- Company Profiles
  - Apicare Pain Clinic
    - Business overview
    - Geographic presence
    - Product portfolio
    - Relevant news and strategic view
  - Tongrentang
  - Beijing Chinese Medicine Hospital
  - Zhongxin Pharmaceuticals
  - Tianjin Tasly Group
  - Shanghai Sundise Traditional Chinese Medicine Co., Ltd
  - China Chinese Medicine Holding Co., Ltd.
  - Wanbang Pharma Group Corp.
  - Pfizer Inc.
  - Eli Lilly and Company
  - Novartis AG
  - GlaxoSmithKline PLC
  - Mallinckrodt Pharmaceuticals
  - Hisamitsu Pharmaceutical Co., Inc.
  - Integrated Chinese Medicine Holdings Ltd.
  - Shanghai Jahwa United Co., Ltd.
  - Solstice Medicine Company, Inc.
  - Yuannan Baiyao
  - The Mentholatum Company
  - Eu Yan Sang

Conclusion & Recommendations

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Frequently asked questions about this report

What is the time duration considered while assessing the traditional chinese medicine market?

The traditional chinese medicine analysis market has been assessed for the years 2019 to 2032.

What are the major driving factors in the traditional chinese medicine market?

The growing urbanisation, combined with the technological advancements in healthcare sector, and the presence of favourable health insurance policies, are some of the key factors stimulating a rise in the opportunities of the Traditional Chinese Medicine Market.

Which are leading players in the traditional chinese medicine market?

Apicare Pain Clinic, Tongrentang Hospital, Beijing Chinese Medicine Hospital, Dongzhimen Hospital, Beijing Hua Kang Hospital, Mayo Clinic, YinOvaCenter, WOTCM and among others, are the major players in this market.

What are the different therapy types of traditional chinese medicine used?

Based on therapy type, the traditional chinese medicine market is segmented into Acupuncture, Cupping Therapy, Herbal Medicine, Moxibustion, Aroma Therapy, Compounding Therapy, Magneto Therapy and Others.