In recent years, the market size of TRADITIONAL Chinese medicine industry has shown a growing trend. According to relevant statistics, in 2016, the overall market size of Traditional Chinese medicine industry in China (calculated by main business income) was 1389.33 billion YUAN. By 2020, the market size of TCM industry will reach RMB 2.825.43 billion, with a compound annual growth rate of about 19%.
It is estimated that the market size of Traditional Chinese medicine industry in China will maintain a cagR of about 14% in the next five years, and by 2025, the market size may reach 4.807.17 billion YUAN.
Traditional Chinese medicine industry is the treasure of the Chinese nation. In recent years, China is vigorously promoting the development of traditional Chinese medicine industry. It is reported that in order to solve the pain points in the industry, the TRADITIONAL Chinese medicine industry has actively carried out technological and business model innovation, including online medical services, pharmaceutical production process innovation and Internet + TRADITIONAL Chinese medicine circulation model are the main directions of innovation in recent years.
