Market Overview:
The global Chinese medicine market is expected to grow at a CAGR of 7.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for traditional Chinese medicines (TCMs) and the growing awareness about their benefits among consumers. In addition, the increasing number of online and offline retail stores that sell TCMs is also contributing to the growth of this market. The global Chinese medicine market by type is segmented into pills, oral liquids, plaster, and other types. The pills segment dominates this market with a share of more than 60%. This can be attributed to their easy availability and convenience compared to other types of TCMs. The oral liquid segment is expected to grow at a CAGR of 8% during the forecast period from 2018-2030 due its various benefits such as ease of use and better absorption by the body as compared to pills. The global Chinese medicine market by application is divided into online sale and offline sale segments. The online sale segment dominates this market with a share exceeding 70%.
Product Definition:
Chinese medicine is a holistic system of medicine that has been practiced in China for over 3,000 years. It is based on the theory that the body is a complex system of energy pathways (qi) that must be in balance for good health. Chinese medicine includes acupuncture, herbs, massage, and dietary therapy.
Pill:
Pill is a form of herbal medicine used in traditional Chinese medicine. It is also known as Bái Hàn (BH) or Pills, which are widely used in China for the treatment of various diseases and health problems. The active ingredients present in the pill can either be extracted from fresh fruits or processed from dried fruit powder.
Oral Liquid:
Oral liquid is a traditional Chinese medicine that helps in curing several health problems such as cough, cold, and sore throat. It also helps in treating digestive system related issues like diarrhea and constipation. The active ingredients present in the oral liquid help to boost immunity by fighting with bacteria and viruses that cause infections.
Application Insights:
Based on the application, the industry is segmented into online sale and offline sale. The offline sale dominated the overall industry in 2017 due to presence of fewer Chinese medicine manufacturers as compared to online sellers. Furthermore, high investment by government bodies and large scale production facilities are expected to drive demand for these products over the forecast period.
The online segment is also anticipated to witness significant growth over the forecast period owing to easy access of customers worldwide through internet with a wide range of product options at their fingertips along with competitive pricing structures that can be modified according as per customer requirements. Moreover, companies such as Dang Guiying Corporation Limited; Xishuangbanna Tropical Botanical Co., Ltd.; Nanfangao Medicine Co., Ltd.; Zhonghua Qi Ju Company limited; Bailiankou Pharmaceutical CO., LTD.; Longshengxiang Group Co.
Regional Analysis:
Asia Pacific dominated the global Chinese medicine market in 2017. The region is expected to maintain its dominance over the forecast period as well. This can be attributed to increasing online and offline sales of traditional medicines in China, which has been a major driving factor for this market growth. In addition, rising geriatric population and awareness about alternative medicine are also expected to contribute towards regional growth during the forecast period.
The Asia Pacific is anticipated to witness significant gains throughout the forecast period owing to factors such as improving economic conditions, growing disposable income levels among consumers along with an increase in consumer health consciousness resulting from various initiatives taken up by governments across various countries including China.
Growth Factors:
- Increasing awareness of the benefits of Chinese Medicine among consumers.
- Growing demand for natural and holistic remedies.
- Rising number of people with chronic health conditions who are seeking alternative treatments.
- Greater access to Chinese Medicine due to increasing legalization and regulation of the industry.
- Expansion of traditional Chinese medicine clinics and hospitals
Scope Of The Report
Report Attributes
Report Details
Report Title
Chinese Medicine Market Research Report
By Type
Pill, Oral Liquid, Plaster, Other
By Application
Online Sale, Offline sale
By Companies
Yunnanbaiyao, Huqingyutang, Leiyunshang, Renhe Group, Heniantang, Chenliji, Tongrentang, Jiuzhitang, Hongyao, Dong-E-E-Jiao
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
215
Number of Tables & Figures
151
Customization Available
Yes, the report can be customized as per your need.
Global Chinese Medicine Market Report Segments:
The global Chinese Medicine market is segmented on the basis of:
Types
Pill, Oral Liquid, Plaster, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Online Sale, Offline sale
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Yunnanbaiyao
- Huqingyutang
- Leiyunshang
- Renhe Group
- Heniantang
- Chenliji
- Tongrentang
- Jiuzhitang
- Hongyao
- Dong-E-E-Jiao
Highlights of The Chinese Medicine Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Pill
- Oral Liquid
- Plaster
- Other
- By Application:
- Online Sale
- Offline sale
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Chinese Medicine Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Chinese medicine is a system of healing that originated in China. It is based on the theory that the body is composed of energy called qi (pronounced chee). Qi can be blocked or imbalanced, leading to illness. Chinese medicine practitioners use treatments such as acupuncture, massage, and herbal remedies to restore balance and health.
Some of the major players in the chinese medicine market are Yunnanbaiyao, Huqingyutang, Leiyunshang, Renhe Group, Heniantang, Chenliji, Tongrentang, Jiuzhitang, Hongyao, Dong-E-E-Jiao.
The chinese medicine market is expected to grow at a compound annual growth rate of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Chinese Medicine Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Chinese Medicine Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Chinese Medicine Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Chinese Medicine Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Chinese Medicine Market Size & Forecast, 2020-2028
4.5.1 Chinese Medicine Market Size and Y-o-Y Growth
4.5.2 Chinese Medicine Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Pill
5.2.2 Oral Liquid
5.2.3 Plaster
5.2.4 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Online Sale
6.2.2 Offline sale
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Chinese Medicine Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Chinese Medicine Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Pill
9.6.2 Oral Liquid
9.6.3 Plaster
9.6.4 Other
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Online Sale
9.10.2 Offline sale
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Pill
10.6.2 Oral Liquid
10.6.3 Plaster
10.6.4 Other
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Online Sale
10.10.2 Offline sale
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Pill
11.6.2 Oral Liquid
11.6.3 Plaster
11.6.4 Other
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Online Sale
11.10.2 Offline sale
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Pill
12.6.2 Oral Liquid
12.6.3 Plaster
12.6.4 Other
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Online Sale
12.10.2 Offline sale
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Pill
13.6.2 Oral Liquid
13.6.3 Plaster
13.6.4 Other
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Online Sale
13.10.2 Offline sale
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Chinese Medicine Market: Competitive Dashboard
14.2 Global Chinese Medicine Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Yunnanbaiyao
14.3.2 Huqingyutang
14.3.3 Leiyunshang
14.3.4 Renhe Group
14.3.5 Heniantang
14.3.6 Chenliji
14.3.7 Tongrentang
14.3.8 Jiuzhitang
14.3.9 Hongyao
14.3.10 Dong-E-E-Jiao
