The market of traditional Chinese medicine formula granules ushered in new opportunities, and the upstream "shovel sellers" can be tapped

In recent years, with the aging of the population and the advancement of "Healthy China 2030", the demand for traditional Chinese medicine has continued to grow, and the advantages of traditional Chinese medicine granules, such as the convenience of taking, are favored by the market
.
The market size of domestic traditional Chinese medicine formula granules has shown a rapid growth trend, and the current market has exceeded 25 billion yuan
.
At the same time, the penetration rate of TCM formula granules in the TCM decoction pieces market is also increasing, which has rapidly increased from 4.
2% in 2014 to 11.
6% in 2018
.
With the completion of the pilot program of traditional Chinese medicine formula granules, the industry expects that the market will embrace new opportunities, and its upstream "shovel sellers" are also excavable
.
Traditional Chinese Medicine (Photo source: PharmaNet) The market of traditional Chinese medicine formula granules ushered in new opportunities.
Starting from November 1, 2021, the pilot program of traditional Chinese medicine formula granules will be completed, and the full "open", medical institutions that meet the relevant Chinese medicine qualifications can sell traditional Chinese medicine formulas particles
.
This policy has released a positive signal to the traditional Chinese medicine formula granule industry, bringing new opportunities and will further standardize the production of traditional Chinese medicine formula granules
.
The industry pointed out that the short-term centralized procurement of traditional Chinese medicine formula granules may be small, and has obvious advantages compared with traditional Chinese medicine decoction pieces, and it is expected that there will be a large space for replacement in the future
.
At the same time, formula granule companies have the right to price their products independently.
In the case of the recent sharp rise in the price of Chinese herbal medicines, there may be expectations of price increases
.
In addition, only a small number of provinces have included TCM formula granules into provincial medical insurance.
In the future, as more provincial medical insurance plans to include TCM formula particles, it is expected to increase patients' willingness to purchase and drive further growth in demand for TCM formula particles
.
According to the forecast, the compound annual growth rate of the market size of Chinese herbal medicines will remain at around 5% from 2020 to 2030.
By 2030, the market size of Chinese herbal medicines will reach 290.
3 billion yuan, and the market size of Chinese medicine formula granules is expected to exceed 100 billion yuan, compared with 2020.
There is room for 3-4 times growth
.
Excavability exists at the upstream end TCM formula granules are in the middle of the TCM industry chain, and the upstream includes Chinese herbal medicine, raw materials, etc.
, as well as "shovel sellers", that is, research and processing equipment for TCM formula granules
.
In recent years, with the refinement of the national standards for TCM formula granules by the State Pharmacopoeia Commission, in order to meet the standards, TCM granule enterprises need the support of hardware R&D platforms, and the requirements for TCM formula granule equipment will continue to upgrade.
Therefore, it is expected that The equipment industry at the upstream end of traditional Chinese medicine formula granules is excavable
.
The "Announcement on Ending the Pilot Work of Chinese Medicine Formula Granules" also clarifies that enterprises should have complete production capacity for processing, extracting, separating, concentrating, drying, and granulating traditional Chinese medicines
.
As more and more traditional Chinese medicine companies try to transform into traditional Chinese medicine formula granules, the industry expects that new entrants will increase their investment in equipment in the early stage, which will bring more development opportunities to the traditional Chinese medicine formula granule equipment industry
.
In addition, looking back at these years, many Chinese medicine companies have been punished for their quality concerns
.
Especially under the implementation of the new version of the Pharmacopoeia, the quality requirements of traditional Chinese medicine drugs are more stringent, and the industry supervision has become stricter.
Many drugs that do not meet the pharmacopoeia standards have been cleared.
Therefore, it is also necessary for traditional Chinese medicine formula granule enterprises to pay attention to quality issues and strictly control product quality.
By strengthening its own detection level and management level, it can prevent the risk of being shuffled
.
For example, a Chinese medicine formula granule enterprise has equipped its production workshop quality inspection center with high-phase liquid chromatograph, gas chromatograph, atomic absorption spectrometer, ultraviolet-visible spectrophotometer and other precision laboratory analysis and testing equipment to meet the requirements of Chinese herbal medicine, Full inspection of TCM decoction pieces, TCM formula granules and other products
.
Conclusion Facing the 100 billion Chinese medicine formula granule market, the Chinese medicine formula granule equipment industry, which is the upstream "shovel seller", is expected to embrace new opportunities, but at the same time, intelligence and digitalization have become the new trend of the current manufacturing industry.
How to better Upgrading equipment to serve the traditional Chinese medicine formula granule industry may be a new topic that pharmaceutical machine companies need to challenge
.