Market size of TCM manufacturing in China 2016-2022

Published by
Wenyi Zhang,
Sep 20, 2022
The market size of traditional Chinese medicine (TCM) manufacturing was estimated to grow to 77.1 billion yuan in China in 2022. TCM dominates the Chinese pharmaceutical market, whereas Western medicine only accounts for a small market share.

Market size of traditional Chinese medicine (TCM) manufacturing in China from 2016 to 2020 with an estimate until 2022 (in billion yuan)

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Release date

March 2022

Region

China

Survey time period

2016 to 2020

Supplementary notes

*Estimate.
One yuan equals approximately 0.14 U.S. dollars and 0.14 euros (as of September 2022).

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