Revenue for the Traditional Chinese Medicine Manufacturing industry has been increasing at an average annualized rate of 19.1% over the past five years. In 2015, the industry is expected to generate $28.3 billion, up 13.4% from 2014. There are about 1,233 industry enterprises employing 144,840 workers with a total payroll of $1.3 billion.
Traditional Chinese medicine pills are the main instruments of Traditional Chinese medicine (TCM) clinics as well as important components of Chinese patent drugs. Domestic demand for industry products has increased from $2.8 billion in 2003 to an estimated $27.1 billion in 2014.
The Traditional Chinese Medicine Manufacturing industry in China produces animal-based and herbal Chinese medicine and extracts.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.