New Traditional Chinese Medicine Market Research Report from 2023 forecast to 2029, by Manufacturers, Regions, Type and Application

The global New Traditional Chinese Medicine market size was valued at USD 3664.1 million in 2022 and is forecast to a readjusted size of USD 5180.6 million by 2029 with a CAGR of 5.1% during review period.

New Traditional Chinese Medicine refers to a new type of medicine developed through innovative research and development based on traditional Chinese medicine or Chinese herbal formulations. It may contain not only the traditional Chinese medicine ingredients, but also synthetic chemical Compounds or natural substances, as well as processed and extracted Chinese medicine ingredients. The research and development of Chinese medicine innovative drugs follows the standards and procedures of modern drug development, using modern scientific techniques to screen, extract, and isolate the ingredients of Chinese herbal formula in order to achieve more significant therapeutic effects, fewer side effects, and better absorption and utilization by the human body. The development of these drugs plays an important role in promoting the modernization and internationalization of traditional Chinese medicine.

This report is a detailed and comprehensive analysis for global New Traditional Chinese Medicine market. Both quantitative and qualitative analyses are presented by company, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2023, are provided.

Key Features:

Global New Traditional Chinese Medicine market size and forecasts, in consumption value ($ Million), 2018-2029
Global New Traditional Chinese Medicine market size and forecasts by region and country, in consumption value ($ Million), 2018-2029
Global New Traditional Chinese Medicine market size and forecasts, by Type and by Application, in consumption value ($ Million), 2018-2029
Global New Traditional Chinese Medicine market shares of main players, in revenue ($ Million), 2018-2023

The Primary Objectives in This Report Are:

To determine the size of the total market opportunity of global and key countries
To assess the growth potential for New Traditional Chinese Medicine
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace

This report profiles key players in the global New Traditional Chinese Medicine market based on the following parameters - company overview, production, value, price, gross margin, product portfolio, geographical presence, and key developments.

This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, COVID-19 and Russia-Ukraine War Influence.

   Yiling Pharmaceutical
   Kanion Pharmaceutical
   Tasly
   Yangtze River Pharmaceutical
   Hutchison
   ApicHope
   Jiangzhong Pharmaceutical
   Buchang Pharma
   Guizhou Bailing
   Zhangzhou Pien Tze Huang Pharmaceutical
   Jumpcan Pharmaceutical
   Xiangxue Pharma
   KPC Pharmaceutical
   CONSUN
   Huluwa Pharmaceutical
   Fangsheng Pharma
   BaiYunShan

   Innovative Traditional Chinese Medicine
   Improved New Drug of Traditional Chinese Medicine
   Traditional Chinese Medicine Compound Preparation

   Online Sales
   Offline Sales

   North America (United States, Canada, and Mexico)
   Europe (Germany, France, UK, Russia, Italy, and Rest of Europe)
   Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Australia and Rest of Asia-Pacific)
   South America (Brazil, Argentina and Rest of South America)
   Middle East & Africa (Turkey, Saudi Arabia, UAE, Rest of Middle East & Africa)

What are the strengths of the New Traditional Chinese Medicine (TCM) Market in 2025?

The market benefits from increasing global interest in natural and holistic health solutions, supported by TCM's long history and cultural credibility. It also has a diverse range of products, such as herbal supplements, acupuncture, and wellness therapies, which appeal to a wide consumer base.

What are the weaknesses of the New TCM Market in 2025?

The lack of standardization and quality control across the market can undermine consumer trust. There is also a challenge in the integration of TCM with modern medical practices, making it difficult for some healthcare providers to adopt it widely.

What are the opportunities for growth in the New TCM Market in 2025?

Growing awareness and acceptance of alternative medicine, especially in Western markets, create significant opportunities. The increasing focus on preventative healthcare and wellness trends also opens avenues for TCM to align with these global movements.

What threats could impact the New TCM Market in 2025?

Regulatory hurdles and skepticism from the scientific community pose threats to the widespread adoption of TCM. Additionally, competition from other alternative health sectors, along with potential controversies related to the sourcing and sustainability of herbal ingredients, could hinder growth.

What are the political factors influencing the New Traditional Chinese Medicine (TCM) Market in 2025?

Government regulations around herbal medicine and alternative therapies are crucial. Policies supporting the integration of TCM in healthcare systems, especially in China, could boost its global presence. However, strict regulations in other countries may limit market access.

How do economic factors affect the New TCM Market in 2025?

As disposable income rises in emerging markets, there is increased demand for wellness and alternative medicine. Economic recessions or downturns, however, may reduce spending on non-essential healthcare services, which could impact TCM market growth.

What social factors are influencing the New TCM Market in 2025?

There is a growing cultural shift towards natural and preventive healthcare, driven by increasing concerns over chemical-based pharmaceuticals. The younger population’s openness to alternative therapies also contributes to the growing adoption of TCM practices.

What technological factors are affecting the New TCM Market in 2025?

Technological advancements in research and development of herbal products are improving the efficacy and safety of TCM treatments. Additionally, digital platforms for marketing and virtual consultations with practitioners are expanding the market's reach.

What environmental factors are relevant to the New TCM Market in 2025?

Sustainability concerns regarding the sourcing of rare herbs used in TCM are increasingly important. The environmental impact of over-harvesting certain plants and climate change could affect the availability of key ingredients in TCM.

What legal factors are shaping the New TCM Market in 2025?

There are increasing calls for standardized practices and certification of TCM products. Legal frameworks governing the safety, quality, and labeling of herbal medicines are evolving, and non-compliance could lead to legal challenges and market restrictions.

Who are the suppliers in the New Traditional Chinese Medicine (TCM) Market in 2025?

Suppliers include herbal farmers, manufacturers of herbal extracts, acupuncture needle producers, and companies involved in TCM product packaging and distribution. Suppliers also consist of research institutions developing new formulations and innovations.

What inputs are needed in the New TCM Market in 2025?

The key inputs include raw herbs, essential oils, proprietary TCM formulas, research and development for new products, skilled practitioners, and regulatory compliance materials for market entry in various countries.

What are the processes involved in the New TCM Market in 2025?

Processes include the cultivation and harvesting of herbs, product formulation, clinical testing, quality control, packaging, marketing, distribution through online and physical retailers, and providing educational resources to promote consumer awareness.

Who are the customers in the New TCM Market in 2025?

Customers are diverse, including health-conscious individuals, patients seeking alternative treatments, wellness enthusiasts, and those in search of preventive healthcare solutions. They range from people in Western markets looking for alternative therapies to consumers in Asia relying on traditional medicine.

What are the outputs in the New TCM Market in 2025?

The outputs include herbal medicines, supplements, teas, acupuncture services, wellness therapies, educational content on TCM, and consumer products like skincare and beauty lines derived from TCM principles.

How strong is the threat of new entrants in the New Traditional Chinese Medicine (TCM) Market in 2025?

The threat of new entrants is moderate. While the TCM market offers growth opportunities, it requires specialized knowledge and regulatory compliance, which can be barriers for newcomers. However, the rising demand for alternative medicine and wellness products can attract new players.

How intense is the bargaining power of suppliers in the New TCM Market in 2025?

The bargaining power of suppliers is relatively high, especially for rare herbs and natural ingredients that are integral to TCM products. The availability and quality of raw materials significantly influence the cost and production capabilities of TCM companies.

How strong is the bargaining power of buyers in the New TCM Market in 2025?

Buyers’ bargaining power is growing. Consumers are becoming more informed and have a wide variety of alternative medicine options to choose from. They can easily switch between brands, making it important for TCM companies to offer quality, safety, and value.

What is the threat of substitute products in the New TCM Market in 2025?

The threat of substitutes is high. The growing popularity of other alternative therapies, like homeopathy, Ayurvedic medicine, and Western wellness treatments, can offer competition to TCM, especially in global markets where consumers have numerous choices for holistic health.

How intense is the industry rivalry in the New TCM Market in 2025?

Industry rivalry is moderate to high. With increasing consumer interest in natural health solutions, numerous companies are entering the market. Established brands, as well as smaller, niche TCM practitioners, compete to offer effective products, leading to competitive pricing and innovation pressures.

What are the key raw materials in the New Traditional Chinese Medicine (TCM) Market in 2025?

The key raw materials include medicinal herbs, plant extracts, minerals, animal products (like certain TCM ingredients), and essential oils. These raw materials are crucial for formulating a wide range of TCM products such as supplements, teas, and topical treatments.

Who are the main suppliers in the New TCM Market in 2025?

Suppliers consist of herbal farmers, botanical extract manufacturers, and companies producing specialized ingredients like acupuncture needles or TCM-based cosmetics. Additionally, specialized research and development firms providing innovative formulations also play a vital role.

What is the role of technology in the upstream TCM market?

Technology is essential for improving the efficiency of herbal farming, product extraction, and quality control. Advanced research helps in developing standardized formulations, ensuring product safety, and creating new delivery methods, like digital platforms for consultations or smart TCM devices.

What regulatory challenges do suppliers face in the New TCM Market in 2025?

Suppliers face challenges related to varying regulatory standards across different countries. Regulations for product safety, herbal ingredient approval, and the standardization of TCM practices are crucial hurdles that suppliers must navigate to ensure compliance and market access.

How does sustainability impact the upstream TCM market?

Sustainability is becoming increasingly important. Over-harvesting of rare herbs and the environmental impact of agricultural practices could pose long-term challenges. Suppliers are focusing on eco-friendly sourcing and cultivation practices to ensure that resources remain available and sustainable for future demand.

What are the key processes involved in the midstream of the New Traditional Chinese Medicine (TCM) Market in 2025?

The key processes include the processing and refinement of raw herbal ingredients into consumable products, product formulation, packaging, and distribution. This stage also involves quality control and ensuring the consistency and potency of TCM products.

Who are the main players in the midstream of the New TCM Market in 2025?

Midstream players include manufacturers and producers of TCM products, such as herbal supplement companies, tea producers, and manufacturers of acupuncture needles or TCM-based cosmetics. Distribution networks, including both online platforms and retail chains, also play an important role.

How is technology impacting the midstream of the TCM market?

Technology is enhancing product development through innovative formulation techniques and better manufacturing processes. It also supports traceability, ensuring that the quality and source of ingredients are transparent to consumers. Digital platforms are also improving marketing and distribution efficiency.

What are the logistical challenges in the midstream of the TCM market?

Logistical challenges include maintaining a steady supply of quality raw materials, managing the complex distribution networks (especially for international markets), and ensuring timely delivery. Additionally, the shelf life of certain TCM products can be affected by storage conditions, requiring specialized logistics.

How are regulatory issues affecting the midstream of the New TCM Market in 2025?

Regulatory issues, such as the standardization of herbal ingredients and the approval of TCM formulations, are important considerations for midstream players. Companies must navigate different regulations across various countries to ensure product compliance, safety, and successful market entry.

What are the main activities in the downstream of the New Traditional Chinese Medicine (TCM) Market in 2025?

The main activities include retailing and distribution of TCM products, such as herbal supplements, teas, skincare products, and acupuncture services. It also involves marketing strategies, consumer education, and customer support to build brand loyalty and trust in TCM offerings.

Who are the primary stakeholders in the downstream of the TCM Market in 2025?

Key stakeholders include retailers (both physical and online stores), TCM practitioners (acupuncturists, herbalists), wellness centers, and direct consumers. Online platforms and wellness influencers are also playing an increasingly important role in reaching and educating customers.

How does technology impact the downstream of the TCM market?

Technology is revolutionizing how TCM products are marketed and distributed. E-commerce platforms, mobile apps for health tracking, virtual consultations with practitioners, and targeted digital marketing campaigns help companies reach a wider audience and engage with consumers more effectively.

What are the challenges faced by downstream players in the TCM market?

Challenges include navigating the complex regulatory landscape in various countries, consumer skepticism about the efficacy of TCM compared to Western medicine, and competition from other alternative medicine sectors. Additionally, building consumer trust in the quality and safety of TCM products is an ongoing challenge.

How are consumer trends influencing the downstream of the TCM market?

Consumers are increasingly seeking natural and holistic health solutions, driving demand for TCM products. There is also a growing preference for personalized wellness solutions, which is pushing companies to offer tailored TCM treatments. The focus on preventative health and self-care is shaping purchasing decisions.

Chapter 1, to describe New Traditional Chinese Medicine product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top players of New Traditional Chinese Medicine, with revenue, gross margin and global market share of New Traditional Chinese Medicine from 2018 to 2023.
Chapter 3, the New Traditional Chinese Medicine competitive situation, revenue and global market share of top players are analyzed emphatically by landscape contrast.
Chapter 4 and 5, to segment the market size by Type and application, with consumption value and growth rate by Type, application, from 2018 to 2029.
Chapter 6, 7, 8, 9, and 10, to break the market size data at the country level, with revenue and market share for key countries in the world, from 2018 to 2023.and New Traditional Chinese Medicine market forecast, by regions, type and application, with consumption value, from 2024 to 2029.
Chapter 11, market dynamics, drivers, restraints, trends, Porters Five Forces analysis, and Influence of COVID-19 and Russia-Ukraine War
Chapter 12, the key raw materials and key suppliers, and industry chain of New Traditional Chinese Medicine.
Chapter 13, to describe New Traditional Chinese Medicine research findings and conclusion.
 

1 Market Overview

   1.1 Product Overview and Scope of New Traditional Chinese Medicine
   1.2 Market Estimation Caveats and Base Year
   1.3 Classification of New Traditional Chinese Medicine by Type
       1.3.1 Overview: Global New Traditional Chinese Medicine Market Size by Type: 2018 Versus 2022 Versus 2029
       1.3.2 Global New Traditional Chinese Medicine Consumption Value Market Share by Type in 2022
       1.3.3 Innovative Traditional Chinese Medicine
       1.3.4 Improved New Drug of Traditional Chinese Medicine
       1.3.5 Traditional Chinese Medicine Compound Preparation
   1.4 Global New Traditional Chinese Medicine Market by Application
       1.4.1 Overview: Global New Traditional Chinese Medicine Market Size by Application: 2018 Versus 2022 Versus 2029
       1.4.2 Online Sales
       1.4.3 Offline Sales
   1.5 Global New Traditional Chinese Medicine Market Size & Forecast
   1.6 Global New Traditional Chinese Medicine Market Size and Forecast by Region
       1.6.1 Global New Traditional Chinese Medicine Market Size by Region: 2018 VS 2022 VS 2029
       1.6.2 Global New Traditional Chinese Medicine Market Size by Region, (2018-2029)
       1.6.3 North America New Traditional Chinese Medicine Market Size and Prospect (2018-2029)
       1.6.4 Europe New Traditional Chinese Medicine Market Size and Prospect (2018-2029)
       1.6.5 Asia-Pacific New Traditional Chinese Medicine Market Size and Prospect (2018-2029)
       1.6.6 South America New Traditional Chinese Medicine Market Size and Prospect (2018-2029)
       1.6.7 Middle East and Africa New Traditional Chinese Medicine Market Size and Prospect (2018-2029)

2 Company Profiles

   2.1 Yiling Pharmaceutical
       2.1.1 Yiling Pharmaceutical Details
       2.1.2 Yiling Pharmaceutical Major Business
       2.1.3 Yiling Pharmaceutical New Traditional Chinese Medicine Product and Solutions
       2.1.4 Yiling Pharmaceutical New Traditional Chinese Medicine Revenue, Gross Margin and Market Share (2018-2023)
       2.1.5 Yiling Pharmaceutical Recent Developments and Future Plans
   2.2 Kanion Pharmaceutical
       2.2.1 Kanion Pharmaceutical Details
       2.2.2 Kanion Pharmaceutical Major Business
       2.2.3 Kanion Pharmaceutical New Traditional Chinese Medicine Product and Solutions
       2.2.4 Kanion Pharmaceutical New Traditional Chinese Medicine Revenue, Gross Margin and Market Share (2018-2023)
       2.2.5 Kanion Pharmaceutical Recent Developments and Future Plans
   2.3 Tasly
       2.3.1 Tasly Details
       2.3.2 Tasly Major Business
       2.3.3 Tasly New Traditional Chinese Medicine Product and Solutions
       2.3.4 Tasly New Traditional Chinese Medicine Revenue, Gross Margin and Market Share (2018-2023)
       2.3.5 Tasly Recent Developments and Future Plans
   2.4 Yangtze River Pharmaceutical
       2.4.1 Yangtze River Pharmaceutical Details
       2.4.2 Yangtze River Pharmaceutical Major Business
       2.4.3 Yangtze River Pharmaceutical New Traditional Chinese Medicine Product and Solutions
       2.4.4 Yangtze River Pharmaceutical New Traditional Chinese Medicine Revenue, Gross Margin and Market Share (2018-2023)
       2.4.5 Yangtze River Pharmaceutical Recent Developments and Future Plans
   2.5 Hutchison
       2.5.1 Hutchison Details
       2.5.2 Hutchison Major Business
       2.5.3 Hutchison New Traditional Chinese Medicine Product and Solutions
       2.5.4 Hutchison New Traditional Chinese Medicine Revenue, Gross Margin and Market Share (2018-2023)
       2.5.5 Hutchison Recent Developments and Future Plans
   2.6 ApicHope
       2.6.1 ApicHope Details
       2.6.2 ApicHope Major Business
       2.6.3 ApicHope New Traditional Chinese Medicine Product and Solutions
       2.6.4 ApicHope New Traditional Chinese Medicine Revenue, Gross Margin and Market Share (2018-2023)
       2.6.5 ApicHope Recent Developments and Future Plans
   2.7 Jiangzhong Pharmaceutical
       2.7.1 Jiangzhong Pharmaceutical Details
       2.7.2 Jiangzhong Pharmaceutical Major Business
       2.7.3 Jiangzhong Pharmaceutical New Traditional Chinese Medicine Product and Solutions
       2.7.4 Jiangzhong Pharmaceutical New Traditional Chinese Medicine Revenue, Gross Margin and Market Share (2018-2023)
       2.7.5 Jiangzhong Pharmaceutical Recent Developments and Future Plans
   2.8 Buchang Pharma
       2.8.1 Buchang Pharma Details
       2.8.2 Buchang Pharma Major Business
       2.8.3 Buchang Pharma New Traditional Chinese Medicine Product and Solutions
       2.8.4 Buchang Pharma New Traditional Chinese Medicine Revenue, Gross Margin and Market Share (2018-2023)
       2.8.5 Buchang Pharma Recent Developments and Future Plans
   2.9 Guizhou Bailing
       2.9.1 Guizhou Bailing Details
       2.9.2 Guizhou Bailing Major Business
       2.9.3 Guizhou Bailing New Traditional Chinese Medicine Product and Solutions
       2.9.4 Guizhou Bailing New Traditional Chinese Medicine Revenue, Gross Margin and Market Share (2018-2023)
       2.9.5 Guizhou Bailing Recent Developments and Future Plans
   2.10 Zhangzhou Pien Tze Huang Pharmaceutical 
       2.10.1 Zhangzhou Pien Tze Huang Pharmaceutical Details
       2.10.2 Zhangzhou Pien Tze Huang Pharmaceutical Major Business
       2.10.3 Zhangzhou Pien Tze Huang Pharmaceutical New Traditional Chinese Medicine Product and Solutions
       2.10.4 Zhangzhou Pien Tze Huang Pharmaceutical New Traditional Chinese Medicine Revenue, Gross Margin and Market Share (2018-2023)
       2.10.5 Zhangzhou Pien Tze Huang Pharmaceutical Recent Developments and Future Plans
   2.11 Jumpcan Pharmaceutical
       2.11.1 Jumpcan Pharmaceutical Details
       2.11.2 Jumpcan Pharmaceutical Major Business
       2.11.3 Jumpcan Pharmaceutical New Traditional Chinese Medicine Product and Solutions
       2.11.4 Jumpcan Pharmaceutical New Traditional Chinese Medicine Revenue, Gross Margin and Market Share (2018-2023)
       2.11.5 Jumpcan Pharmaceutical Recent Developments and Future Plans
   2.12 Xiangxue Pharma
       2.12.1 Xiangxue Pharma Details
       2.12.2 Xiangxue Pharma Major Business
       2.12.3 Xiangxue Pharma New Traditional Chinese Medicine Product and Solutions
       2.12.4 Xiangxue Pharma New Traditional Chinese Medicine Revenue, Gross Margin and Market Share (2018-2023)
       2.12.5 Xiangxue Pharma Recent Developments and Future Plans
   2.13 KPC Pharmaceutical
       2.13.1 KPC Pharmaceutical Details
       2.13.2 KPC Pharmaceutical Major Business
       2.13.3 KPC Pharmaceutical New Traditional Chinese Medicine Product and Solutions
       2.13.4 KPC Pharmaceutical New Traditional Chinese Medicine Revenue, Gross Margin and Market Share (2018-2023)
       2.13.5 KPC Pharmaceutical Recent Developments and Future Plans
   2.14 CONSUN
       2.14.1 CONSUN Details
       2.14.2 CONSUN Major Business
       2.14.3 CONSUN New Traditional Chinese Medicine Product and Solutions
       2.14.4 CONSUN New Traditional Chinese Medicine Revenue, Gross Margin and Market Share (2018-2023)
       2.14.5 CONSUN Recent Developments and Future Plans
   2.15 Huluwa Pharmaceutical
       2.15.1 Huluwa Pharmaceutical Details
       2.15.2 Huluwa Pharmaceutical Major Business
       2.15.3 Huluwa Pharmaceutical New Traditional Chinese Medicine Product and Solutions
       2.15.4 Huluwa Pharmaceutical New Traditional Chinese Medicine Revenue, Gross Margin and Market Share (2018-2023)
       2.15.5 Huluwa Pharmaceutical Recent Developments and Future Plans
   2.16 Fangsheng Pharma
       2.16.1 Fangsheng Pharma Details
       2.16.2 Fangsheng Pharma Major Business
       2.16.3 Fangsheng Pharma New Traditional Chinese Medicine Product and Solutions
       2.16.4 Fangsheng Pharma New Traditional Chinese Medicine Revenue, Gross Margin and Market Share (2018-2023)
       2.16.5 Fangsheng Pharma Recent Developments and Future Plans
   2.17 BaiYunShan
       2.17.1 BaiYunShan Details
       2.17.2 BaiYunShan Major Business
       2.17.3 BaiYunShan New Traditional Chinese Medicine Product and Solutions
       2.17.4 BaiYunShan New Traditional Chinese Medicine Revenue, Gross Margin and Market Share (2018-2023)
       2.17.5 BaiYunShan Recent Developments and Future Plans

3 Market Competition, by Players

   3.1 Global New Traditional Chinese Medicine Revenue and Share by Players (2018-2023)
   3.2 Market Share Analysis (2022)
       3.2.1 Market Share of New Traditional Chinese Medicine by Company Revenue
       3.2.2 Top 3 New Traditional Chinese Medicine Players Market Share in 2022
       3.2.3 Top 6 New Traditional Chinese Medicine Players Market Share in 2022
   3.3 New Traditional Chinese Medicine Market: Overall Company Footprint Analysis
       3.3.1 New Traditional Chinese Medicine Market: Region Footprint
       3.3.2 New Traditional Chinese Medicine Market: Company Product Type Footprint
       3.3.3 New Traditional Chinese Medicine Market: Company Product Application Footprint
   3.4 New Market Entrants and Barriers to Market Entry
   3.5 Mergers, Acquisition, Agreements, and Collaborations

4 Market Size Segment by Type

   4.1 Global New Traditional Chinese Medicine Consumption Value and Market Share by Type (2018-2023)
   4.2 Global New Traditional Chinese Medicine Market Forecast by Type (2024-2029)

5 Market Size Segment by Application

   5.1 Global New Traditional Chinese Medicine Consumption Value Market Share by Application (2018-2023)
   5.2 Global New Traditional Chinese Medicine Market Forecast by Application (2024-2029)

6 North America

   6.1 North America New Traditional Chinese Medicine Consumption Value by Type (2018-2029)
   6.2 North America New Traditional Chinese Medicine Consumption Value by Application (2018-2029)
   6.3 North America New Traditional Chinese Medicine Market Size by Country
       6.3.1 North America New Traditional Chinese Medicine Consumption Value by Country (2018-2029)
       6.3.2 United States New Traditional Chinese Medicine Market Size and Forecast (2018-2029)
       6.3.3 Canada New Traditional Chinese Medicine Market Size and Forecast (2018-2029)
       6.3.4 Mexico New Traditional Chinese Medicine Market Size and Forecast (2018-2029)

7 Europe

   7.1 Europe New Traditional Chinese Medicine Consumption Value by Type (2018-2029)
   7.2 Europe New Traditional Chinese Medicine Consumption Value by Application (2018-2029)
   7.3 Europe New Traditional Chinese Medicine Market Size by Country
       7.3.1 Europe New Traditional Chinese Medicine Consumption Value by Country (2018-2029)
       7.3.2 Germany New Traditional Chinese Medicine Market Size and Forecast (2018-2029)
       7.3.3 France New Traditional Chinese Medicine Market Size and Forecast (2018-2029)
       7.3.4 United Kingdom New Traditional Chinese Medicine Market Size and Forecast (2018-2029)
       7.3.5 Russia New Traditional Chinese Medicine Market Size and Forecast (2018-2029)
       7.3.6 Italy New Traditional Chinese Medicine Market Size and Forecast (2018-2029)

8 Asia-Pacific

   8.1 Asia-Pacific New Traditional Chinese Medicine Consumption Value by Type (2018-2029)
   8.2 Asia-Pacific New Traditional Chinese Medicine Consumption Value by Application (2018-2029)
   8.3 Asia-Pacific New Traditional Chinese Medicine Market Size by Region
       8.3.1 Asia-Pacific New Traditional Chinese Medicine Consumption Value by Region (2018-2029)
       8.3.2 China New Traditional Chinese Medicine Market Size and Forecast (2018-2029)
       8.3.3 Japan New Traditional Chinese Medicine Market Size and Forecast (2018-2029)
       8.3.4 South Korea New Traditional Chinese Medicine Market Size and Forecast (2018-2029)
       8.3.5 India New Traditional Chinese Medicine Market Size and Forecast (2018-2029)
       8.3.6 Southeast Asia New Traditional Chinese Medicine Market Size and Forecast (2018-2029)
       8.3.7 Australia New Traditional Chinese Medicine Market Size and Forecast (2018-2029)

9 South America

   9.1 South America New Traditional Chinese Medicine Consumption Value by Type (2018-2029)
   9.2 South America New Traditional Chinese Medicine Consumption Value by Application (2018-2029)
   9.3 South America New Traditional Chinese Medicine Market Size by Country
       9.3.1 South America New Traditional Chinese Medicine Consumption Value by Country (2018-2029)
       9.3.2 Brazil New Traditional Chinese Medicine Market Size and Forecast (2018-2029)
       9.3.3 Argentina New Traditional Chinese Medicine Market Size and Forecast (2018-2029)

10 Middle East & Africa

   10.1 Middle East & Africa New Traditional Chinese Medicine Consumption Value by Type (2018-2029)
   10.2 Middle East & Africa New Traditional Chinese Medicine Consumption Value by Application (2018-2029)
   10.3 Middle East & Africa New Traditional Chinese Medicine Market Size by Country
       10.3.1 Middle East & Africa New Traditional Chinese Medicine Consumption Value by Country (2018-2029)
       10.3.2 Turkey New Traditional Chinese Medicine Market Size and Forecast (2018-2029)
       10.3.3 Saudi Arabia New Traditional Chinese Medicine Market Size and Forecast (2018-2029)
       10.3.4 UAE New Traditional Chinese Medicine Market Size and Forecast (2018-2029)

11 Market Dynamics

   11.1 New Traditional Chinese Medicine Market Drivers
   11.2 New Traditional Chinese Medicine Market Restraints
   11.3 New Traditional Chinese Medicine Trends Analysis
   11.4 Porters Five Forces Analysis
       11.4.1 Threat of New Entrants
       11.4.2 Bargaining Power of Suppliers
       11.4.3 Bargaining Power of Buyers
       11.4.4 Threat of Substitutes
       11.4.5 Competitive Rivalry
   11.5 Influence of COVID-19 and Russia-Ukraine War
       11.5.1 Influence of COVID-19
       11.5.2 Influence of Russia-Ukraine War

12 Industry Chain Analysis

   12.1 New Traditional Chinese Medicine Industry Chain
   12.2 New Traditional Chinese Medicine Upstream Analysis
   12.3 New Traditional Chinese Medicine Midstream Analysis
   12.4 New Traditional Chinese Medicine Downstream Analysis

13 Research Findings and Conclusion

14 Appendix

   14.1 Methodology
   14.2 Research Process and Data Source
   14.3 Disclaimer
 

List of Tables

   Table 1. Global New Traditional Chinese Medicine Consumption Value by Type, (USD Million), 2018 & 2022 & 2029
   Table 2. Global New Traditional Chinese Medicine Consumption Value by Application, (USD Million), 2018 & 2022 & 2029
   Table 3. Global New Traditional Chinese Medicine Consumption Value by Region (2018-2023) & (USD Million)
   Table 4. Global New Traditional Chinese Medicine Consumption Value by Region (2024-2029) & (USD Million)
   Table 5. Yiling Pharmaceutical Company Information, Head Office, and Major Competitors
   Table 6. Yiling Pharmaceutical Major Business
   Table 7. Yiling Pharmaceutical New Traditional Chinese Medicine Product and Solutions
   Table 8. Yiling Pharmaceutical New Traditional Chinese Medicine Revenue (USD Million), Gross Margin and Market Share (2018-2023)
   Table 9. Yiling Pharmaceutical Recent Developments and Future Plans
   Table 10. Kanion Pharmaceutical Company Information, Head Office, and Major Competitors
   Table 11. Kanion Pharmaceutical Major Business
   Table 12. Kanion Pharmaceutical New Traditional Chinese Medicine Product and Solutions
   Table 13. Kanion Pharmaceutical New Traditional Chinese Medicine Revenue (USD Million), Gross Margin and Market Share (2018-2023)
   Table 14. Kanion Pharmaceutical Recent Developments and Future Plans
   Table 15. Tasly Company Information, Head Office, and Major Competitors
   Table 16. Tasly Major Business
   Table 17. Tasly New Traditional Chinese Medicine Product and Solutions
   Table 18. Tasly New Traditional Chinese Medicine Revenue (USD Million), Gross Margin and Market Share (2018-2023)
   Table 19. Tasly Recent Developments and Future Plans
   Table 20. Yangtze River Pharmaceutical Company Information, Head Office, and Major Competitors
   Table 21. Yangtze River Pharmaceutical Major Business
   Table 22. Yangtze River Pharmaceutical New Traditional Chinese Medicine Product and Solutions
   Table 23. Yangtze River Pharmaceutical New Traditional Chinese Medicine Revenue (USD Million), Gross Margin and Market Share (2018-2023)
   Table 24. Yangtze River Pharmaceutical Recent Developments and Future Plans
   Table 25. Hutchison Company Information, Head Office, and Major Competitors
   Table 26. Hutchison Major Business
   Table 27. Hutchison New Traditional Chinese Medicine Product and Solutions
   Table 28. Hutchison New Traditional Chinese Medicine Revenue (USD Million), Gross Margin and Market Share (2018-2023)
   Table 29. Hutchison Recent Developments and Future Plans
   Table 30. ApicHope Company Information, Head Office, and Major Competitors
   Table 31. ApicHope Major Business
   Table 32. ApicHope New Traditional Chinese Medicine Product and Solutions
   Table 33. ApicHope New Traditional Chinese Medicine Revenue (USD Million), Gross Margin and Market Share (2018-2023)
   Table 34. ApicHope Recent Developments and Future Plans
   Table 35. Jiangzhong Pharmaceutical Company Information, Head Office, and Major Competitors
   Table 36. Jiangzhong Pharmaceutical Major Business
   Table 37. Jiangzhong Pharmaceutical New Traditional Chinese Medicine Product and Solutions
   Table 38. Jiangzhong Pharmaceutical New Traditional Chinese Medicine Revenue (USD Million), Gross Margin and Market Share (2018-2023)
   Table 39. Jiangzhong Pharmaceutical Recent Developments and Future Plans
   Table 40. Buchang Pharma Company Information, Head Office, and Major Competitors
   Table 41. Buchang Pharma Major Business
   Table 42. Buchang Pharma New Traditional Chinese Medicine Product and Solutions
   Table 43. Buchang Pharma New Traditional Chinese Medicine Revenue (USD Million), Gross Margin and Market Share (2018-2023)
   Table 44. Buchang Pharma Recent Developments and Future Plans
   Table 45. Guizhou Bailing Company Information, Head Office, and Major Competitors
   Table 46. Guizhou Bailing Major Business
   Table 47. Guizhou Bailing New Traditional Chinese Medicine Product and Solutions
   Table 48. Guizhou Bailing New Traditional Chinese Medicine Revenue (USD Million), Gross Margin and Market Share (2018-2023)
   Table 49. Guizhou Bailing Recent Developments and Future Plans
   Table 50. Zhangzhou Pien Tze Huang Pharmaceutical Company Information, Head Office, and Major Competitors
   Table 51. Zhangzhou Pien Tze Huang Pharmaceutical Major Business
   Table 52. Zhangzhou Pien Tze Huang Pharmaceutical New Traditional Chinese Medicine Product and Solutions
   Table 53. Zhangzhou Pien Tze Huang Pharmaceutical New Traditional Chinese Medicine Revenue (USD Million), Gross Margin and Market Share (2018-2023)
   Table 54. Zhangzhou Pien Tze Huang Pharmaceutical Recent Developments and Future Plans
   Table 55. Jumpcan Pharmaceutical Company Information, Head Office, and Major Competitors
   Table 56. Jumpcan Pharmaceutical Major Business
   Table 57. Jumpcan Pharmaceutical New Traditional Chinese Medicine Product and Solutions
   Table 58. Jumpcan Pharmaceutical New Traditional Chinese Medicine Revenue (USD Million), Gross Margin and Market Share (2018-2023)
   Table 59. Jumpcan Pharmaceutical Recent Developments and Future Plans
   Table 60. Xiangxue Pharma Company Information, Head Office, and Major Competitors
   Table 61. Xiangxue Pharma Major Business
   Table 62. Xiangxue Pharma New Traditional Chinese Medicine Product and Solutions
   Table 63. Xiangxue Pharma New Traditional Chinese Medicine Revenue (USD Million), Gross Margin and Market Share (2018-2023)
   Table 64. Xiangxue Pharma Recent Developments and Future Plans
   Table 65. KPC Pharmaceutical Company Information, Head Office, and Major Competitors
   Table 66. KPC Pharmaceutical Major Business
   Table 67. KPC Pharmaceutical New Traditional Chinese Medicine Product and Solutions
   Table 68. KPC Pharmaceutical New Traditional Chinese Medicine Revenue (USD Million), Gross Margin and Market Share (2018-2023)
   Table 69. KPC Pharmaceutical Recent Developments and Future Plans
   Table 70. CONSUN Company Information, Head Office, and Major Competitors
   Table 71. CONSUN Major Business
   Table 72. CONSUN New Traditional Chinese Medicine Product and Solutions
   Table 73. CONSUN New Traditional Chinese Medicine Revenue (USD Million), Gross Margin and Market Share (2018-2023)
   Table 74. CONSUN Recent Developments and Future Plans
   Table 75. Huluwa Pharmaceutical Company Information, Head Office, and Major Competitors
   Table 76. Huluwa Pharmaceutical Major Business
   Table 77. Huluwa Pharmaceutical New Traditional Chinese Medicine Product and Solutions
   Table 78. Huluwa Pharmaceutical New Traditional Chinese Medicine Revenue (USD Million), Gross Margin and Market Share (2018-2023)
   Table 79. Huluwa Pharmaceutical Recent Developments and Future Plans
   Table 80. Fangsheng Pharma Company Information, Head Office, and Major Competitors
   Table 81. Fangsheng Pharma Major Business
   Table 82. Fangsheng Pharma New Traditional Chinese Medicine Product and Solutions
   Table 83. Fangsheng Pharma New Traditional Chinese Medicine Revenue (USD Million), Gross Margin and Market Share (2018-2023)
   Table 84. Fangsheng Pharma Recent Developments and Future Plans
   Table 85. BaiYunShan Company Information, Head Office, and Major Competitors
   Table 86. BaiYunShan Major Business
   Table 87. BaiYunShan New Traditional Chinese Medicine Product and Solutions
   Table 88. BaiYunShan New Traditional Chinese Medicine Revenue (USD Million), Gross Margin and Market Share (2018-2023)
   Table 89. BaiYunShan Recent Developments and Future Plans
   Table 90. Global New Traditional Chinese Medicine Revenue (USD Million) by Players (2018-2023)
   Table 91. Global New Traditional Chinese Medicine Revenue Share by Players (2018-2023)
   Table 92. Breakdown of New Traditional Chinese Medicine by Company Type (Tier 1, Tier 2, and Tier 3)
   Table 93. Market Position of Players in New Traditional Chinese Medicine, (Tier 1, Tier 2, and Tier 3), Based on Revenue in 2022
   Table 94. Head Office of Key New Traditional Chinese Medicine Players
   Table 95. New Traditional Chinese Medicine Market: Company Product Type Footprint
   Table 96. New Traditional Chinese Medicine Market: Company Product Application Footprint
   Table 97. New Traditional Chinese Medicine New Market Entrants and Barriers to Market Entry
   Table 98. New Traditional Chinese Medicine Mergers, Acquisition, Agreements, and Collaborations
   Table 99. Global New Traditional Chinese Medicine Consumption Value (USD Million) by Type (2018-2023)
   Table 100. Global New Traditional Chinese Medicine Consumption Value Share by Type (2018-2023)
   Table 101. Global New Traditional Chinese Medicine Consumption Value Forecast by Type (2024-2029)
   Table 102. Global New Traditional Chinese Medicine Consumption Value by Application (2018-2023)
   Table 103. Global New Traditional Chinese Medicine Consumption Value Forecast by Application (2024-2029)
   Table 104. North America New Traditional Chinese Medicine Consumption Value by Type (2018-2023) & (USD Million)
   Table 105. North America New Traditional Chinese Medicine Consumption Value by Type (2024-2029) & (USD Million)
   Table 106. North America New Traditional Chinese Medicine Consumption Value by Application (2018-2023) & (USD Million)
   Table 107. North America New Traditional Chinese Medicine Consumption Value by Application (2024-2029) & (USD Million)
   Table 108. North America New Traditional Chinese Medicine Consumption Value by Country (2018-2023) & (USD Million)
   Table 109. North America New Traditional Chinese Medicine Consumption Value by Country (2024-2029) & (USD Million)
   Table 110. Europe New Traditional Chinese Medicine Consumption Value by Type (2018-2023) & (USD Million)
   Table 111. Europe New Traditional Chinese Medicine Consumption Value by Type (2024-2029) & (USD Million)
   Table 112. Europe New Traditional Chinese Medicine Consumption Value by Application (2018-2023) & (USD Million)
   Table 113. Europe New Traditional Chinese Medicine Consumption Value by Application (2024-2029) & (USD Million)
   Table 114. Europe New Traditional Chinese Medicine Consumption Value by Country (2018-2023) & (USD Million)
   Table 115. Europe New Traditional Chinese Medicine Consumption Value by Country (2024-2029) & (USD Million)
   Table 116. Asia-Pacific New Traditional Chinese Medicine Consumption Value by Type (2018-2023) & (USD Million)
   Table 117. Asia-Pacific New Traditional Chinese Medicine Consumption Value by Type (2024-2029) & (USD Million)
   Table 118. Asia-Pacific New Traditional Chinese Medicine Consumption Value by Application (2018-2023) & (USD Million)
   Table 119. Asia-Pacific New Traditional Chinese Medicine Consumption Value by Application (2024-2029) & (USD Million)
   Table 120. Asia-Pacific New Traditional Chinese Medicine Consumption Value by Region (2018-2023) & (USD Million)
   Table 121. Asia-Pacific New Traditional Chinese Medicine Consumption Value by Region (2024-2029) & (USD Million)
   Table 122. South America New Traditional Chinese Medicine Consumption Value by Type (2018-2023) & (USD Million)
   Table 123. South America New Traditional Chinese Medicine Consumption Value by Type (2024-2029) & (USD Million)
   Table 124. South America New Traditional Chinese Medicine Consumption Value by Application (2018-2023) & (USD Million)
   Table 125. South America New Traditional Chinese Medicine Consumption Value by Application (2024-2029) & (USD Million)
   Table 126. South America New Traditional Chinese Medicine Consumption Value by Country (2018-2023) & (USD Million)
   Table 127. South America New Traditional Chinese Medicine Consumption Value by Country (2024-2029) & (USD Million)
   Table 128. Middle East & Africa New Traditional Chinese Medicine Consumption Value by Type (2018-2023) & (USD Million)
   Table 129. Middle East & Africa New Traditional Chinese Medicine Consumption Value by Type (2024-2029) & (USD Million)
   Table 130. Middle East & Africa New Traditional Chinese Medicine Consumption Value by Application (2018-2023) & (USD Million)
   Table 131. Middle East & Africa New Traditional Chinese Medicine Consumption Value by Application (2024-2029) & (USD Million)
   Table 132. Middle East & Africa New Traditional Chinese Medicine Consumption Value by Country (2018-2023) & (USD Million)
   Table 133. Middle East & Africa New Traditional Chinese Medicine Consumption Value by Country (2024-2029) & (USD Million)
   Table 134. New Traditional Chinese Medicine Raw Material
   Table 135. Key Suppliers of New Traditional Chinese Medicine Raw Materials

List of Figures

   Figure 1. New Traditional Chinese Medicine Picture
   Figure 2. Global New Traditional Chinese Medicine Consumption Value by Type, (USD Million), 2018 & 2022 & 2029
   Figure 3. Global New Traditional Chinese Medicine Consumption Value Market Share by Type in 2022
   Figure 4. Innovative Traditional Chinese Medicine
   Figure 5. Improved New Drug of Traditional Chinese Medicine
   Figure 6. Traditional Chinese Medicine Compound Preparation
   Figure 7. Global New Traditional Chinese Medicine Consumption Value by Type, (USD Million), 2018 & 2022 & 2029
   Figure 8. New Traditional Chinese Medicine Consumption Value Market Share by Application in 2022
   Figure 9. Online Sales Picture
   Figure 10. Offline Sales Picture
   Figure 11. Global New Traditional Chinese Medicine Consumption Value, (USD Million): 2018 & 2022 & 2029
   Figure 12. Global New Traditional Chinese Medicine Consumption Value and Forecast (2018-2029) & (USD Million)
   Figure 13. Global Market New Traditional Chinese Medicine Consumption Value (USD Million) Comparison by Region (2018 & 2022 & 2029)
   Figure 14. Global New Traditional Chinese Medicine Consumption Value Market Share by Region (2018-2029)
   Figure 15. Global New Traditional Chinese Medicine Consumption Value Market Share by Region in 2022
   Figure 16. North America New Traditional Chinese Medicine Consumption Value (2018-2029) & (USD Million)
   Figure 17. Europe New Traditional Chinese Medicine Consumption Value (2018-2029) & (USD Million)
   Figure 18. Asia-Pacific New Traditional Chinese Medicine Consumption Value (2018-2029) & (USD Million)
   Figure 19. South America New Traditional Chinese Medicine Consumption Value (2018-2029) & (USD Million)
   Figure 20. Middle East and Africa New Traditional Chinese Medicine Consumption Value (2018-2029) & (USD Million)
   Figure 21. Global New Traditional Chinese Medicine Revenue Share by Players in 2022
   Figure 22. New Traditional Chinese Medicine Market Share by Company Type (Tier 1, Tier 2 and Tier 3) in 2022
   Figure 23. Global Top 3 Players New Traditional Chinese Medicine Market Share in 2022
   Figure 24. Global Top 6 Players New Traditional Chinese Medicine Market Share in 2022
   Figure 25. Global New Traditional Chinese Medicine Consumption Value Share by Type (2018-2023)
   Figure 26. Global New Traditional Chinese Medicine Market Share Forecast by Type (2024-2029)
   Figure 27. Global New Traditional Chinese Medicine Consumption Value Share by Application (2018-2023)
   Figure 28. Global New Traditional Chinese Medicine Market Share Forecast by Application (2024-2029)
   Figure 29. North America New Traditional Chinese Medicine Consumption Value Market Share by Type (2018-2029)
   Figure 30. North America New Traditional Chinese Medicine Consumption Value Market Share by Application (2018-2029)
   Figure 31. North America New Traditional Chinese Medicine Consumption Value Market Share by Country (2018-2029)
   Figure 32. United States New Traditional Chinese Medicine Consumption Value (2018-2029) & (USD Million)
   Figure 33. Canada New Traditional Chinese Medicine Consumption Value (2018-2029) & (USD Million)
   Figure 34. Mexico New Traditional Chinese Medicine Consumption Value (2018-2029) & (USD Million)
   Figure 35. Europe New Traditional Chinese Medicine Consumption Value Market Share by Type (2018-2029)
   Figure 36. Europe New Traditional Chinese Medicine Consumption Value Market Share by Application (2018-2029)
   Figure 37. Europe New Traditional Chinese Medicine Consumption Value Market Share by Country (2018-2029)
   Figure 38. Germany New Traditional Chinese Medicine Consumption Value (2018-2029) & (USD Million)
   Figure 39. France New Traditional Chinese Medicine Consumption Value (2018-2029) & (USD Million)
   Figure 40. United Kingdom New Traditional Chinese Medicine Consumption Value (2018-2029) & (USD Million)
   Figure 41. Russia New Traditional Chinese Medicine Consumption Value (2018-2029) & (USD Million)
   Figure 42. Italy New Traditional Chinese Medicine Consumption Value (2018-2029) & (USD Million)
   Figure 43. Asia-Pacific New Traditional Chinese Medicine Consumption Value Market Share by Type (2018-2029)
   Figure 44. Asia-Pacific New Traditional Chinese Medicine Consumption Value Market Share by Application (2018-2029)
   Figure 45. Asia-Pacific New Traditional Chinese Medicine Consumption Value Market Share by Region (2018-2029)
   Figure 46. China New Traditional Chinese Medicine Consumption Value (2018-2029) & (USD Million)
   Figure 47. Japan New Traditional Chinese Medicine Consumption Value (2018-2029) & (USD Million)
   Figure 48. South Korea New Traditional Chinese Medicine Consumption Value (2018-2029) & (USD Million)
   Figure 49. India New Traditional Chinese Medicine Consumption Value (2018-2029) & (USD Million)
   Figure 50. Southeast Asia New Traditional Chinese Medicine Consumption Value (2018-2029) & (USD Million)
   Figure 51. Australia New Traditional Chinese Medicine Consumption Value (2018-2029) & (USD Million)
   Figure 52. South America New Traditional Chinese Medicine Consumption Value Market Share by Type (2018-2029)
   Figure 53. South America New Traditional Chinese Medicine Consumption Value Market Share by Application (2018-2029)
   Figure 54. South America New Traditional Chinese Medicine Consumption Value Market Share by Country (2018-2029)
   Figure 55. Brazil New Traditional Chinese Medicine Consumption Value (2018-2029) & (USD Million)
   Figure 56. Argentina New Traditional Chinese Medicine Consumption Value (2018-2029) & (USD Million)
   Figure 57. Middle East and Africa New Traditional Chinese Medicine Consumption Value Market Share by Type (2018-2029)
   Figure 58. Middle East and Africa New Traditional Chinese Medicine Consumption Value Market Share by Application (2018-2029)
   Figure 59. Middle East and Africa New Traditional Chinese Medicine Consumption Value Market Share by Country (2018-2029)
   Figure 60. Turkey New Traditional Chinese Medicine Consumption Value (2018-2029) & (USD Million)
   Figure 61. Saudi Arabia New Traditional Chinese Medicine Consumption Value (2018-2029) & (USD Million)
   Figure 62. UAE New Traditional Chinese Medicine Consumption Value (2018-2029) & (USD Million)
   Figure 63. New Traditional Chinese Medicine Market Drivers
   Figure 64. New Traditional Chinese Medicine Market Restraints
   Figure 65. New Traditional Chinese Medicine Market Trends
   Figure 66. Porters Five Forces Analysis
   Figure 67. Manufacturing Cost Structure Analysis of New Traditional Chinese Medicine in 2022
   Figure 68. Manufacturing Process Analysis of New Traditional Chinese Medicine
   Figure 69. New Traditional Chinese Medicine Industrial Chain
   Figure 70. Methodology
   Figure 71. Research Process and Data Source