PRLog (Press Release) –
This is an new helmut kaiser consultancy study for traditional Chinese medicine market (TCM market) and Chinese herbs market and associated products, developments and TCM companies. The Study is describing all segments of TCM and state the market in 2005 the developments in 2006 and the prognosis to 2010 and 2015.
Chinese Traditional Medicine ( TCM) market is rapidly developing since later of 1990s. In 2005, the output value of TCM amounted to RMB110.3 billion (about €11 billion), accounted for a quarter of the overall output value in China's medical industry. The net yield and profits of TCM production is much higher than the average for the country's medical industry. The total TCM market in China will rise to €18.8 billion in 2015.
China is the country which is rich in medicinal resources with more than 6,500 Chinese herbs determined. In china there are over 600 herb bases to produce the Chinese medicinal raw materials. Customs figures show China exports 240,000 tons of medicines annually, of which 200,000 tons are raw herbs. The exported raw herbs accounted for 20 percent of the country's annual harvest.
The plantation has become a new source of income for some Chinese farmers. Many provinces such as Hebei, Guizhou, Yunnan, Sichuan, Shaanxi and Shanxi have designated traditional medicine as a pillar industry.
More than 3,000 enterprises are engaging in traditional Chinese medicine processing. In this study you could find the top Traditional Chinese Medicine companies ( TCM companies), financial analysis and business analysis.
