Press Release:Herbal Medicines reached 85 billion US Dollar worldwide 2007. China increased marketshare to 24 %

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Herbal Medicines reached 85 billion US Dollar worldwide 2007. China increased

marketshare to 24 %

 

Growth rate over 10 % for Herbal Medicine and 15 percent for Traditional Chinese

Medicine worldwide. Over 60 percent of the markets are only 150 different herbs.

World Market Conference for TCM in March 2008 in Beijing lead by hkc22.com new

Study

The market for Herbal Medicine will grow with 8 to 12 percent up to 2015 and for

Traditional with mor then 15 percent per year up to 2015.

http://www.hkc22.com/chinesemedicine.html

 

In recent years the Chinese traditional medicines are becoming more and more

popular in foreign countries. The market of traditional drugs and nutritional

food are booming in USA, Europe, especially in Germany. It provides good

oppurtunities for the herbal pharmaceutical companies to expand their markets

worldwide. Meanwhile the advanced biotechnologies are applied to improve the

traditional ingredients. New strategies, new marketing and new technologies are

the keys to success for herbal companies worldwide. There are chances and risks.

Increasing health costs worldwide

lead to higher acceptance and use of herbal medicine with the traditional

chinese medicine as a brand counting for 24 percent market share worldwide in

2007.

 

The main risks are in Scientific evidence for some herbal medicines and for some

of the therapies. Unregulated or inappropriate use of traditional medicines and

practices can have negative or dangerous effects. Further research is needed to

ascertain the efficacy and safety of several other practices and medicinal

plants.

Another related issue is that at present, the requirements for protection

provided under international standards for patent law and by most national

conventional patent laws are inadequate to protect traditional knowledge and

biodiversity.

For more Information please see http://www.hkc22.com/chinesemedicine.html

Responsible: Helmut Kaiser Consultancy

email: hkc22