The Traditional Chinese Medicine Market is expected to grow at a CAGR of over 5% over the forecast period 2020-2030

Key Findings from Traditional Chinese Medicine Market Research

  • Non-traditional Chinese medicines are the leading segment by product in the global traditional Chinese medicine market. The Autism Spectrum Disorder (ASD) segment has gained popularity in recent years and is expected to grow at a rate of 6.7% over the forecast period.
  • North America is the leading region in the traditional Chinese medicine market, followed by Europe.
  • Is and South Asiaincluding China, South Korea, Japan, Indiaand ASEAN countries, is the fastest growing region in the traditional Chinese medicine market, owing to improved medical infrastructure.
  • Clamp Ren Tang, Pfizer and Novartis AG are some of the major players in the global traditional Chinese medicine market. These companies invest most of their revenue in R&D and focus on strengthening their distribution channels to maintain a leading position in the traditional Chinese medicine market.
  • More than 100 health systems are partnering with retail chains, providing physician oversight and increasing patient traffic to retail clinics, and extending health system networks to new patient populations .
  • The COVID-19 pandemic is a cause for concern, which has deprioritized non-essential medical treatments. This will hurt the growth of the global traditional Chinese medicine market in the short term

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“Rising incidence of ADHD to drive growth of global traditional Chinese medicine market,” says PMR analyst.

The growing prevalence of ADHD is a major factor contributing to the growth of Traditional Chinese Medicine market revenue across the globe. The exact cause of ADHD is still unclear, although a genetic influence is seen in most cases.

According to data released by the Centers for Disease Control and Prevention (CDC), about 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 – have been diagnosed with ADHD in the United States Spainthe combined prevalence of ADHD in a population of 361,580 children and adolescents was 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 revenue growth for ADHD therapies such as traditional Chinese medicines, as there is no specific treatment for this disorder.

Product Innovation – Key Strategy of Traditional Chinese Medicine Market Players

Major players in the global traditional Chinese medicine market are introducing innovative products to retain their market share. A patented technology called Oral Osmotic Controlled Release 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 through the stomach and gastrointestinal tract, water is absorbed, causing internal pressure, which releases small amounts of medicine when the pill passes through the intestine. This technology has been implemented to maintain the consistency of cognitive performance enhancement throughout the day.

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What does the report cover?

Persistence Market Research offers a unique perspective and actionable insights into the Traditional Chinese Medicine market in its latest study, presenting a historical demand assessment from 2015 to 2019 and projections for 2020 to 2030, based on product (medicines traditional Chinese (TCM) and non-traditional Chinese (non-TCM) medicines) and indication (autism spectrum disorder (ASD) and attention deficit hyperactivity disorder (ADHD)), across seven key regions.

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