Market size of TCM patent drugs in China 2014-2022
In 2019, the market size of traditional Chinese medicine (TCM) patent prescription amounted to over 811 billion yuan in China, indicating a year-on-year growth rate of 5.7 percent. TCM patent prescription, also known as TCM patent drugs or Chinese proprietary medicines, are medicinal products that have been manufactured into finished dosage forms such as tablets, capsules and pills by using crude Chinese medicinal materials.