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Thread: TCM sales

  1. #16
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    Thanks for posting that up.

    Decent article.
    Mouth Boxers have not the testicular nor the spinal fortitude to be known.
    Hence they hide rather than be known as adults.

  2. #17
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    A pharma company that I worked for used synthetic artemisin (wormwood) to combat malaria and it worked reasonably well. The problem was that it showed too many adverse effects in healthy subjects that it was discontinued.

    More western pharma companies are attempting to go back to some 'old world' products to upregulate their bottom line, which is good in one way but same companies try to prevent local companies (at least Indai) from developing their own usage of the product.

    See the Neem vs Monsanto debacle
    http://www.france24.com/en/20110921-...n-debt-suicide

  3. #18
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    In a study by Lomuscio, patients were given Acupuncture after a Cardioversion. Specific needle points were identified. 80 patients with persistent A-Fib were randomized into four groups: Acupuncture, Sham Acupuncture, Amiodarone and No Treatment. The patients receiving Acupuncture or Sham Acupuncture had 10 sessions of 15-20 minutes weekly starting within 48 hours of cardioversion.

    The most freedom from recurrence occurred with the Amiodarone group. The Acupuncture group came in second but approximated the results of the Amiodarone group.

    The No Treatment group had significantly more recurrence, while the Sham Acupuncture group had the worst recurrence rate.

    Acupuncture, though not quite as effective as Amiodarone, might be a welcome option for patients who can’t tolerate or don’t want to risk the toxic side effects of Amiodarone. Cardioversion has a notoriously high recurrence rate.

    “50 to 75 percent of patients eventually develop Atrial Fibrillation again.” 1 Ten weekly Acupuncture sessions seems a small price to pay to avoid going back into A-Fib.

    But one surprising result of this study was the poor results of the Sham Acupuncture group. One would expect a placebo effect from these ten Sham Acupunctures. But instead the misdirected Acupuncture needle *****s produced more recurrence than No Treatment.

    The lesson to be learned is for patients to make sure their Acupuncturist knows what spots to hit and has a proven track record in treating A-Fib. Unfortunately these Acupuncturists are hard to find.

    (Lomuscle A et al. J Cardiovasc Electrophysiol 2011; 22: 241-7)
    "Its better to build bridges rather than dig holes but occasionally you have to dig a few holes to build the foundation of a strong bridge."

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  4. #19
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    Back to the beginning of this thread

    Eu Yan Sang was what launched this discussion.

    Traditional medicine brand breaking into world market
    Updated: 2013-09-22 08:00
    By Xu Xiao (China Daily)


    Eu Yan Sang's outlet on Russell Street in Hong Kong. Photos Provided to China Daily



    The time-honored traditional Chinese medicine brand Eu Yan Sang is set on becoming a leader in the global healthcare industry, company Chairman Richard Eu said.

    An old Chinese saying goes: "Great men's sons seldom do well". However, the Eu family empire has been passed on through four generations, and the company is still going strong.

    In the 1870s, Eu Tong Sen, Richard Eu's great-grandfather, was the Foshan-born owner of a tin ore mine. He provided his opium-addicted workers traditional Chinese medicine and healthcare.

    Gradually he found business opportunities in the field of Chinese medicine and established the Eu Yan Sang brand in 1879. Eu is the family name and has remained part of the trademark of the business over generations, while Yan Sang stands for caring and charity in the Chinese language.

    When control over the company passed to Richard Eu in 1989, it was just a small chain store, Eu said. At the time it had one outlet in Singapore, one in Hong Kong and five in Malaysia.

    Richard found that the only business in the Eu family's empire that carries the family name still had a lot potential to be explored so he decided to take over the company.

    The ambitious young man had a comprehensive educational background and extensive work experience. He had a law degree from London University and formerly worked as a banker, a stockbroker, a computer retailer and luxury goods seller.

    The first obstacle he had to overcome after taking over the business was how to deal with jealous relatives, who sold their shares in the company.

    Rather than viewing this as a setback, Eu used it as an opportunity to purchase back the other stocks shares and integrate the brand as a whole.

    By the time the company was listed in 2000, the number of its chain stores had grown to 52.

    Fast development has taken place since 1997 despite various risks, including the world financial crisis that broke out in 2008.

    Richard said an important reason for Eu Yan Sang's growth during the financial crisis is attributable to the inelastic demand in the healthcare industry.

    In healthcare, demand remains constant despite macroeconomic conditions.

    "It was the combination of luck and planning," he recalled.

    "We learned what is right at the right time (through our expansion from 2003 to 2008)."

    The core competitiveness of the brand comes from "its constant pursuit of innovation", Richard said.

    Now Eu Yan Sang has more than 300 chain stores and 27 clinics across the globe. In Singapore alone, it has 23.

    He said branding is very important for them. In some places of the world, Eu Yan Sang is already a household name, especially for its infant healthcare products.

    Industry image

    Despite the success of Eu Yan Sang, traditional Chinese medicine still suffers from an image problem in some parts of the world due to an insufficient understanding of the practices involved, Eu said.

    He said Western people are confused about traditional Chinese medicine. They hear that some materials are from tigers or bears, which sounds sensational and cruel.

    He told reporters that the foremost thing to do is to let more people know what traditional Chinese medicine really is. He said it is not witch doctors making strange potions but rather a type of folk wisdom that has been passed from generation to generation.

    He suggested two ways to improve the public image of traditional Chinese medicine.

    The first is to strengthen corporate governance and the second is to focus on transparency.

    Both require a consistent industry standard, he added.

    All of Eu Yan Sang's stores and clinics are directly operated by the company, enabling them to be managed under the same standard.

    Chinese entrepreneurs

    Richard Eu has his own understanding of what it means to be a successful Chinese entrepreneur.

    In Thailand, Chinese entrepreneurs blend in well with local businesspeople, thus it is difficult to tell the difference.

    However in Indonesia, the group accounts for a small percentage -about 5 percent. As a minority in these regions, they should be more careful in dealing with local communities, he said.

    The situation is different in some Western countries, especially the US and Canada, where quite a lot of Chinese entrepreneurs have been successful.

    Eu said these countries have a more open and tolerant culture. Even as a minority, Chinese are getting more and more recognition.

    He went on to say that no matter which country or culture Chinese entrepreneurs are doing business in, they should be careful about being a part of the local society.

    "Be mindful to avoid being alienated due to cultural differences," he suggested.

    "You should find the balance between your own Chinese ethical values and the national culture of the country you are doing business in," he added.

    Social responsibility

    Though he has received several awards in the industry, Eu keeps a low profile.

    "The awards represent many people behind you," he said. "I'm not keen about individual honor."

    "As a leader, you are not only responsible to your shareholders but also to the customers, suppliers, government agencies and media," he said.

    He said the responsibility of a company is giving back to society.

    "I've kept asking my staff to care about the minority groups. Though you may not have money, you can still donate your time," he said.

    He noted that his ambition is to help Eu Yan Sang gain more recognition as a leader of the industry.

    He aims to triple the current size of the company to expand business to the Chinese mainland and many other places both in the East and West.

    Eu said he also wants to raise health awareness by encouraging people to pay more attention to prevention rather than waiting to get sick before visiting the doctor.

    "An environmentally friendly and natural lifestyle is the most important," he concluded. He said he hopes his successors can adapt to changing situations because change and innovation maintain the vitality of a brand.

    xuxiao@chinadaily.com.cn
    Gene Ching
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  5. #20
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    Interesting

    Good to see traditional Chinese Medicine being marketed globally, from what seems to be sound, natural (traditional) methods.
    With the utmost respect to your posting, sir, I would like to point out that Native American medicine has silently played a big role in the development of Western medicines. From the earliest accounts of settlers there are First Nation's people sharing teas/ tonics and root medicine with the settler's. In fact, things like today's Advil and Tylenol were originally taken from recipes & ingredients used by Native people- today they have been altered of course, and the white man runs a monopoly on these medicines, they were stolen concepts from us. Also sassafras root was the original inspiration for root beer, which is also good medicine in small doses, which again, was a First Nations tonic. Anybody reading this with diabetes should steep a small amount of skunk cabbage root in a boiling pot of water and have a spoonful or 2 of that tonic every day for 2 months- that again is a North Eastern American Indian tonic.
    Not only that, but 3/5 of the western world's food supply is Native American in origin- it was this fact plus the gold found here that got Europe out of the dark ages. That, and all the other natural resources too numerous to list found on Native land. A lot of today's quarrying sites for example, were opened in areas originally with large amounts of Native stone-work (sometimes on top of the old NDN quarry sites). In pre-Colombian America the Incas practiced brain surgery. No barbaric white man was doing this at the time. Also when the Spanish saw the Mayan's performing open heart surgery, they couldn't comprehend it and mistook it for sacrifice.
    What does this have to do with Kung Fu? Nothing, really!!
    But it is the TCM thread. I hope my article was educational and interesting. I could use some Chinese herbs and American Indian herbs together, or side by side, and it would be like the same concept, is sort of what I am saying, but most people don't know the story of American Indian medicines or that some of the modern western medicine has it's roots in it.
    Last edited by MarathonTmatt; 09-26-2013 at 07:18 AM.

  6. #21
    This sounds really interesting and i would like to learn more about it. Could you name any links to interesting reliable information about Traditional Native American Medicine ?

  7. #22

    What about shaolin temple ????????

    Quote Originally Posted by GeneChing View Post
    Eu Yan Sang was what launched this discussion.
    Can anyone share some information about Shaolin Temple's sales of medical products ?

  8. #23
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    Bayer buys Dihon

    Bayer buys Dihon to add traditional Chinese medicine
    By Ludwig Burger
    FRANKFURT Thu Feb 27, 2014 9:13am EST

    (Reuters) - Bayer said it would buy privately held Dihon Pharmaceutical Group Co, a maker of traditional herbal Chinese medicines (TCM), as the German drugmaker pushes to become the world's largest non-prescription medicines group.

    With China's healthcare spending forecast to nearly triple to $1 trillion by 2020 from $357 billion in 2011, according to consulting firm McKinsey, the country is a magnet for makers of medicines and medical equipment, but many patients remain strongly attached to traditional approaches.

    "What's growing the most within Chinese healthcare is traditional medicine. It's a strong part of their culture," said Lilian Montero, a healthcare analyst at Swiss bank Julius Baer.

    "Local companies tend to show superior growth in emerging markets. It's a good move from that point of view."

    Dihon has about 2,400 employees and generated sales of 123 million euros ($168 million) in 2013, Bayer said on Thursday.

    It declined to provide the financial terms of the deal but brokerage M.M. Warburg estimated it was worth about 500 million euros ($680 million).

    Even though TCM is winning a following in some urban communities in the West, Bayer said it was too early to say whether Dihon products would be exported to Germany or Europe.

    "It's less likely that these products will move to the West," said Julius Baer's Montero. "You would need a lot more medical training and education, otherwise it will stay a niche market like homeopathy."

    Dihon's products include dandruff treatments, antifungal creams and medicine against gynecological conditions such as endometriosis.

    The deal, which could help Bayer challenge Johnson & Johnson to the No. 1 spot in the over-the-counter (OTC) market, underscores its push into herbal medicine after it bought smaller German supplier Steigerwald last year.

    The fragmented OTC market is gearing up for more consolidation, with Merck & Co Inc's consumer healthcare business drawing interest from Bayer and Novartis.

    China is of particular focus for deal-hungry international healthcare firms. Pharmacy chain Alliance Boots plans to take a 12 percent stake in distributor Nanjing Pharmaceutical Co Ltd, while Medtronic Inc purchased China Kanghui Holdings in 2012.

    But doing business in the world's most populous country is not without risk. China's regulators have been investigating several foreign and domestic drug companies on suspicion of bribery, with the most high-profile investigation involving Britain's GlaxoSmithKline.

    The country's consumer health and wellness market is expect to hit almost $70 billion by 2020 as increasing numbers of consumers turn to health supplements and OTC health treatments, according to a recent report from Boston Consulting Group.

    The OTC market alone was worth $18 billion and is estimated to grow at a rate of around 8 percent per year, the report said.

    The Dihon deal is to close in the second half of 2014, Bayer said.
    Interesting....
    Gene Ching
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  9. #24
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    Tiens Group - starting with the sale of Traditional Chinese Medicine

    Sales must be good with them. There's a vid if you follow the link.

    6,400 Chinese employees treated to record breaking French holiday
    09/05 16:47 CET

    A Chinese company has taken 6,400 employees on a four day record breaking trip to France.

    They rounded off the adventure by creating the world’s longest human made phrase.

    Wearing sun hats in different colours, the workers from Tiens Group lined up to spell the words:

    “Tiens’ dream is Nice in the Cote d’Azur.”

    The message, which was visible from the sky, broke a Guinness World Record.

    Li Jinyuan founded the Tianjin based conglomerate 20-years-ago, starting with the sale of Traditional Chinese Medicine (TCM) as well as calcium tablets and instant coffee.

    He was listed on the 2011 Forbes list of world’s billionaires.

    Li said “We chose Nice because it is the most beautiful city in the world. And for Chinese, to be between mountains and the sea is incredible. This is why we have invited our best employees for this trip.”

    The group had earlier visited Paris where they booked up 140 hotels and were given private access to the Louvre.

    According to Le Parisian newspaper they made purchases estimated at around 13 million euros, partly on luxury goods.

    Li met the French Foreign Minister Laurent Fabius.

    The cult of personality surrounding the Tiens chairman was clear as he drove the length of the Promenade des Anglais in a World War Two Jeep.
    Gene Ching
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  10. #25
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    Sexy TCM

    I'm amused that this is categorized under 'entertainment' instead of 'health'.

    Desmond Tan is out to make TCM sexy


    Desmond Tan weighs in on how he thinks he can make Traditional Chinese Medicine sexy. Photo: May Seah
    He’s taking his role as a traditional Chinese medicine practitioner very seriously

    BY MAY SEAH
    may@mediacorp.com.sgPUBLISHED: 4:15 AM, JANUARY 13, 2016

    SINGAPORE — We’re not sure how far we would trust Desmond Tan with our lives, but we’ll say one thing about him: The guy can make it look like he knows what he’s doing. Even if he doesn’t.

    That skill comes in handy for his role as a traditional Chinese medicine (TCM) practitioner in the upcoming long-form half-hour series Peace And Prosperity on Mediacorp TV Channel 8.

    Production for the show will commence this month, and it also stars Xiang Yun as the matriarch of a family that runs a Chinese medicine practice. Her six daughters give her almost as much grief as her lack of sons does.

    Tan, who plays the young, hotshot doctor employed at the practice, had received a crash course in all things TCM at a medical hall in Toa Payoh, alongside co-stars Belinda Lee and Dawn Yeoh. It included shaving an antelope’s horns, and packing and weighing herbs with a traditional hand-held scale. He was also instructed on how to perform cupping and acupuncture procedures.

    “The hardest part is to look like a pro doing it,” he quipped. “I’m very afraid of needles, so I was trying very hard to look cool.”

    Yes, Tan knows that in matters of utmost importance, style is the vital thing. That’s why he asked the production team to let him wear a pouch on his side, from which he can take his lighter out easily, “do a swirl, and put it back, like a cowboy”.

    He’s making sure his character has all the right moves. “Even packing and talking about medicine can be very cool. And if you can make it impressive, more guys will want to practice TCM to woo the girls,” he declared. “It can be a good pick-up line, right? I’ll just look at you and say, ‘Judging by your skin tone, I know you’re not sleeping enough. I believe that taking medicine A, B and T will help you a lot. If you want to find out more, come to my place and I can tell you more about it’.”

    So, can Tan make TCM cool? “I always hope I can make things cool,” he said. “When I was playing a barista (in 96C Cafe), I hoped to raise the profile of coffee culture in Singapore. For this — I hope I can make it sexy as well, because the thing about TCM is that youngsters don’t know much about it.

    “So, I hope that through this show, people will know more about TCM and its benefits.”
    Gene Ching
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  11. #26
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    U.S. herb market

    Expanding interest in traditional Chinese medicine could boost demand for U.S.-grown herbs
    By Deborah Gertz Husar Herald-Whig
    Posted: Jan. 17, 2016 12:01 am

    Expanding interest in traditional Chinese medicine in the United States is fostering a potentially lucrative new niche market for farmers who plant the varieties of herbs, flowers and trees sought by practitioners.
    While almost all practitioners still rely on imports from China, the Associated Press reports dwindling wild stands there, as well as quality and safety concerns, could drive up demand for herbs grown in the U.S. Several states have set up "growing groups" to help farmers establish trial stands of the most popular plants.
    Jean Giblette, a researcher who established New York's group, said it could be a moneymaker. She estimates the market for domestically grown medicinal plants to be $200 million to $300 million a year.
    Traditional Chinese medicine is gaining mainstream acceptance in the U.S. with 30,000 licensed practitioners across the country.
    Giblette and Peg Schafer, an herb grower in Petaluma, Calif., compiled a list of marketable species for U.S. farmers. They include Angelica dahurica, a flowering perennial whose root is used to relive pain and inflammation; Aster tataricus, a relative of garden asters said to have anti-bacterial properties; Mentha haplocalyx, a mint used for stomach ailments; and Salvia miltiorrhiza, a type of sage whose roots are used for treatment of cardiovascular diseases.
    Market research shows high demand and low supply.
    "The current herbs from China are not of the quality they once were, and U.S. practitioners indicate they are willing to pay a premium price for herbs grown with organic principles, locally, with high efficacy," said Rob Glenn, chairman of the nonprofit Blue Ridge Center for Chinese Medicine in Pilot, Va.
    Good point, although Giblette and Schafer clearly have a marketing agenda. Here's Schafer's site: Chinese Medicinal Herb Farm
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  12. #27
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    Another TCM company shows international growth

    More on Tong Ren Tang earlier on this thread.

    Traditional Chinese Medicine Retailer Accelerates Overseas Expansion



    FEBRUARY 15, 2016
    The time-honored traditional Chinese medicine brand Tong Ren Tang says it accelerated its overseas expansion and opened nine new stores in the overseas market in 2015.

    In reporting the company's results for last year, the company says it has developed 31 branches in 25 countries and regions outside China, operating 115 retail sites, traditional Chinese medicine clinics, and traditional Chinese medicine health centers. It served over 30 million patients in those countries and regions.

    Mei Qun, chairman of Beijing Tong Ren Tang Group, said that based on the planning of Tong Ren Tang, its international development is divided into three steps. In 1993, the group started its overseas development in Hong Kong; in 2003, they established Beijing Tong Ren Tang International Co., Ltd. in Hong Kong; and in 2013, Beijing Tong Ren Tang Chinese Medicine Co., Ltd. was successfully listed in Hong Kong and started developing in major European markets.

    Ding Yongling, deputy general manager of Beijing Tong Ren Tang Group, said that in 2015, the group opened nine new stores in six countries and regions, including Hong Kong, Germany, United Arab Emirates, New Zealand, Sweden, and the Czech Republic. Apart from Chinese medicine stores, the group also developed Chinese medicine clinics and health centers in foreign countries.
    And here is TRT's official English website.
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  13. #28
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    $50b

    Traditional Chinese medicine closes in on US$50 billion market with long-awaited nod from WHO
    The World Health Organisation is including a chapter on China’s ancient medicine programme in its influential book classifying thousands of diseases
    PUBLISHED : Saturday, 29 September, 2018, 3:33am
    UPDATED : Saturday, 29 September, 2018, 11:24pm
    Zhuang Pinghui



    When Chinese President Xi Jinping gave the World Health Organisation a bronze statue last year showing acupuncture points on the body, the move was widely seen as an expression of Beijing’s ambition to win global acceptance for traditional Chinese medicine (TCM).

    TCM, which originated in ancient China and has evolved over the years, is set to receive its first-ever official endorsement from the WHO next May at the World Health Assembly when the international public health agency dedicates a chapter to it in its 11th version of the “International Statistical Classification of Diseases and Related Health Problems”.

    A classification system on traditional medicine will be featured in Chapter 26 of the work, which provides a system of diagnostic codes for classifying thousands of diseases, according to a report published this week in the British scientific journal Nature.


    Workers prepare remedies at Capital Medical University’s TCM hospital in Beijing. Photo: Reuters

    Although the safety and effectiveness of TCM is still controversial in China – of 1.57 million adverse drug reactions and incidents in the country last year, 16.1 per cent were related to traditional Chinese medicine – the government has set a national strategy for TCM development.

    It wants to see TCM theory and practice win greater acceptance in world medical circles so it can claim a share of the US$50 billion global medicine market.

    On that note, Beijing is establishing 30 overseas TCM centres in countries along the route of its massive infrastructure plan, the “Belt and Road Initiative”.

    By 2020, the government also seeks to register 100 TCM products and set up 50 international TCM cooperation model centres.

    As TCM acquires legal status from Belt and Road countries, it is expected to evolve into a booming industry by 2030, according to the plan.


    A therapist applies a moxibustion treatment – burning dried mugwort on points on the body – on a patient in Yiwu, Zhejiang province. Photo: Reuters

    A State Council white paper in 2016 said TCM was being practised globally in 183 countries and regions.

    Although Xi presented WHO officials with the acupuncture statue just last year, the agency’s increasing appreciation of China’s ancient style of medicine has been at least a decade in the making.

    In the past, TCM experts from Shanghai have visited WHO headquarters in Geneva, Switzerland to lobby officials to include TCM in the disease classification code book, which has its roots in the early 20th century. The effort had to contend with negative claims by critics that TCM was a backwards approach to wellness and was hardly science.

    Cui Yongqiang, a professor at the Guanganmen Hospital of Traditional Chinese Medicine, affiliated with the China Academy of Chinese Medical Sciences, said receiving recognition from WHO would set standards for TCM while spurring its modernisation.


    “Traditional Chinese medicine can’t develop by itself,” Cui said. “It needs to be evolved and integrated with Western medicine to make it more effective and accepted by a wider audience.”

    But getting the nod from WHO still left TCM a long way from winning over drug regulators in different countries, Cui said. Regulatory bodies will demand that TCM drugs, for instance, be evaluated within the framework of Western medicine.

    Tian Kan, a Nanjing University professor of Chinese medicine, said winning acceptance from the WHO might help spread the practice of TCM worldwide, but does not guarantee that non-believers can be converted to TCM users.

    “The spread of TCM in the Western world does not rely on being recognised by local drug regulators but on the experience and recommendations of patients,” Tian said.
    follow the money...
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  14. #29
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    Booming

    Chinese Traditional Medicine Market Is Booming Worldwide | Medical Qigong Centre & Acupuncture Clinic, ICTCM House, ACTCM, NZ Chinese Medicine & Acupuncture Society, Misha Ruth Cohen and more
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    t

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    • What market segments do Chinese Traditional Medicine Market cover?

    Table of Contents:

    Chapter 1 Introduction to Chinese Traditional Medicine Market
    Chapter 2 Executive
    2.1 Chinese Traditional Medicine Market 3600 synopsis, 2018 – 2028
    2.1.1 Industry Trends
    2.1.2 Material Trends
    2.1.3 Product Trends
    2.1.4 Operation Trends
    2.1.5 Distribution Channel Trends
    2.1.6 Regional Trends

    Chapter 3 Chinese Traditional Medicine Market Insights
    3.1 Industry segmentation
    3.2 Industry ecosystem analysis
    3.2.1 Component Suppliers
    3.2.2 Producers
    3.2.3 Profit margin analysis
    3.2.4 Distribution channel analysis
    3.2.5 COVID-19 impact on the Market value chain
    3.2.6 Vendor Analysis
    3.3 Technology Landscape
    3.4 Regulatory landscape
    3.4.1 North America
    3.4.2 Europe
    3.4.3 Asia Pacific
    3.4.4 Latin America
    3.4.5 Middle East and Africa
    3.5 Pricing analysis (including COVID-19 impact)
    3.5.1 By region
    3.5.1.1 North America
    3.5.1.2 Europe
    3.5.1.3 Asia Pacific
    3.5.1.4 Latin America
    3.5.1.5 Middle East and Africa
    3.5.2 Cost structure analysis
    3.6 Industry impact forces
    3.6.1 Growth drivers
    3.6.2 Industry drawbacks & challenges
    3.6.2.1 Focus on reducing weight
    3.7 Innovation & sustainability
    3.8 Growth potential analysis, 2020
    3.9 Competitive landscape, 2020
    3.9.1 Company market share
    3.9.2 Major stakeholders
    3.9.3 Strategy dashboard
    3.10 Porter’s analysis
    3.11 PESTLE analysis

    Chapter 4 Disclaimer

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    Didn't read the report in full but I found this to be an index of interest.
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    Publisher www.KungFuMagazine.com
    Author of Shaolin Trips
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