The global market for herbal medicine was valued at $657.5 billion in 2020. It is expected to grow to $746.9 billion in 2022. In China, the traditional medicine industry had total revenue of $37.41 billion in 2018, according to an IBISWorld report. In fact, the Healthy China 2030 plan forecasts that the value of traditional Chinese medicine (TCM) market may reach $737.9 billion within China and globally by 2030. (Read More)
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