Herbal Medicines Reached 85 Billion US Dollar Worldwide 2007

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 Chinese Medicine with mor then 15 percent per year up to 2015.

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@bluewin.ch