The Chinese medicine market is showing steady growth. The industry: facing a good time that has never happened before

 Promoted by favorable national policies and increasing demand, the market size of the Chinese medicine industry has shown a steady growth trend
.
Some people in the industry said that the Chinese medicine industry is facing a good time that it has never had before
.
From a policy point of view, in recent years, China has promulgated a series of policies such as the "Traditional Chinese Medicine Law of the People's Republic of China", "Outline of the "14th Five-Year Plan" TCM Development Strategic Plan (2016-2030)", "Special Plan for Technological Innovation in Traditional Chinese Medicine", and "Technical Guidelines for the Evaluation of Chinese Medicine Resources" etc.
to encourage the healthy and rapid development of the Chinese medicine industry
.
Since the beginning of this year, favorable policies to support the development of Chinese medicine have been frequently introduced, including the promotion of inheritance and innovation and the improvement of the quality of Chinese medicine, and the increase of central government investment in major Chinese medicine projects.
The Chinese medicine industry is gradually ushering in a good opportunity for development.

.
In addition to policies, the industry said that the income level of Chinese residents continues to grow, and the willingness to pay for medical care has increased, which has also provided a solid economic foundation for consumption in the field of Chinese medicine
.
With the help of many factors, the market size of the traditional Chinese medicine industry has ushered in a trend of steady growth
.
Data show that from 2016 to 2020, the compound annual growth rate of the market size of China's traditional Chinese medicine industry will reach 19.
4%, and the market size of the traditional Chinese medicine industry will reach RMB 2825.
43 billion in 2020
.
It is estimated that in the next five years, the compound annual growth rate of the market size of China's traditional Chinese medicine industry will maintain approximately 14.
2%.
By 2025, this market size may reach RMB 4,807.
17 billion
.
The Chinese medicine industry is showing a good momentum of development, but some people in the industry admit that the Chinese medicine industry is also facing some problems in the development process, including how to ensure the quality of Chinese medicinal materials from the source and improve the clinical application of Chinese medicine
.
Although problems exist, our country is constantly solving problems.
For example, Chinese medicinal materials have gradually developed from primitive planting and picking to large-scale planting.
In this process, the authenticity and quality standards of medicinal materials, including the construction of traceability systems, etc.
, Are gradually advancing; a number of clinical studies on the treatment of dominant diseases of traditional Chinese medicine are also underway to strengthen evidence-based medicine research to ensure that the curative effect is more clear
.
Good medicine is good medicine
.
According to the industry, only the quality of Chinese medicinal materials can guarantee the curative effect of Chinese medicine and thus better meet the needs of the people
.
"The next step is to strengthen basic subject research, promote standardized planting, and ensure the healthy development of Chinese medicine with pollution-free medicinal materials
.
Continuously improve the construction of Chinese medicine clinical evidence database, promote the complementary and coordinated development of Chinese medicine and western medicine, and promote Chinese medicine to the world
.
" Not only an industry, but also a national cultural treasure
.
It is understood that the "Fourteenth Five-Year Plan and 2035 Vision Goal Outline" proposes to strengthen the sorting and excavation of the essence of classical medical books, build a support platform for Chinese medicine science and technology, and promote the research and development of new Chinese medicine drugs and industrial development; strengthen Chinese medicine Cultivating distinctive talents, strengthening the inheritance and innovative development of Chinese medicine culture, and promoting Chinese medicine to the world
.
According to relevant statistics, from 2016 to September 2021, a total of 13 new Chinese medicines were approved for marketing in China
.
Especially in the first 9 months of this year, 5 new Chinese medicines have been approved
.
According to industry sources, the mainstream research and development directions of the Chinese medicine industry include the secondary development of Chinese medicine compound preparations, natural medicines, classic famous prescriptions and high-quality varieties
.
In the field of disease treatment, new traditional Chinese medicines have comparative advantages for some chronic diseases such as diabetes, cardiovascular and cerebrovascular diseases, tumors, colds, and respiratory diseases
.
In the future, with the promotion of policies, the application of various new technologies, and the training of professionals, China's traditional Chinese medicine industry will usher in a better development situation
.