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    Home > Medical News > Latest Medical News > Under the inflation, the revenue growth of the traditional Chinese medicine industry continues unabated!

    Under the inflation, the revenue growth of the traditional Chinese medicine industry continues unabated!

    • Last Update: 2022-05-13
    • Source: Internet
    • Author: User
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    Under the influence of the new crown pneumonia epidemic for more than two years, the operation of the global economy has undergone profound changes
    .
    Global inflation and rising prices are becoming increasingly severe, and the Chinese herbal medicine industry has also been greatly affected
    .
    In this context, what changes have taken place in the upstream and downstream links of the traditional Chinese medicine industry?
     
    1.
    International environment: The epidemic has changed the way the global economy operates, and inflation continues
     
     
    Figure 1: Global growth of COVID-19 disease (Data: WHO)
     
    From the perspective of the spread of the epidemic: the new crown epidemic continues to spread around the world, and the number of infected people continues to surge
    .
    With the mutation of the new coronavirus strain, the virus has a longer incubation period and a faster spread, which has also led to an explosive increase in the number of global infections starting in 2020
    .
    In the face of the increasing number of new coronavirus infections, the global economy has been affected to varying degrees and profoundly changed the way the global economy operates
    .
     
     
    Figure 2: 2019-2021 United Nations Food and Agriculture Price Index Operational Chart (Data source: United Nations Food and Agriculture Organization)
     
      From the perspective of the food and agricultural index: the rise in food and agricultural prices has become the most prominent feature in 2021
    .
    From 2018 to 2020, the food and agriculture index showed a low operation, and in 2021, the overall situation began to rise rapidly
    .
    In 2021, the food and agricultural price index climbed from 113.
    5 points to 133.
    7 points, with an overall increase of 17.
    80%
    .
    Under the circumstance of global inflation, the prices of commodities such as vegetables, sugar, grains, and dairy products in various countries continue to hit record highs
    .
     
      2.
    Domestic environment: Diversification of enterprises has become the mainstream, and the revenue of the traditional Chinese medicine industry has increased significantly
     
      
      Figure 3: 2010-2021 Comparison of Yield Rates of Pharmaceutical Index and Chinese Medicine Index (Data source: wind information)
     
      Judging from the comparison of yields: the traditional dividend period of traditional Chinese medicine has disappeared, and the company has diversified operations
    .
    From 2010 to the third quarter of 2019, the health care index and the traditional Chinese medicine index showed a significant positive correlation
    .
    After 2020, with the decline of traditional Chinese medicine dividends, various enterprises have entered a transition period.
    At the same time, the social demand for medical care has been rapidly increased during this period
    .
    Although the traditional Chinese medicine index still maintained steady growth during the period, it was far lower than the growth rate of medical care.
    Diversification of enterprises has become the mainstream of current enterprise transformation
    .
     
      
      Figure 4: Revenue level of my country's traditional Chinese medicine industry from 2013 to 2021 (Data source: Ministry of Industry and Information Technology)
     
      From the perspective of revenue level: In 2021, the overall revenue level of the traditional Chinese medicine industry will maintain an upward trend
    .
    From 2013 to 2021, the overall revenue growth rate of the domestic Chinese medicine industry (proprietary Chinese medicine and decoction pieces) was 2.
    57%, and reached a historical peak in 2016
    .
    In 2021, the revenue level of the traditional Chinese medicine industry will reach 691.
    9 billion yuan, an increase of 12.
    39% compared with 2020, and the annual growth trend is obvious
    .
     
      3.
    Production of traditional Chinese medicine: Although the production capacity of traditional Chinese medicine has declined, the overheating of production is still prominent
     
      
      Figure 5: Changes in the production capacity of Chinese herbal medicines by province in 2020-2021
     
      From the perspective of changes in production capacity: the production capacity of domestic Chinese herbal medicines has declined for three consecutive years, but the overall performance is still in excess
    .
    According to statistics on the historical production capacity of 385 commonly used Chinese herbal medicines , in 2021, the overall production capacity of domestic Chinese herbal medicines will reach 4.
    321 million tons, a decrease of 6.
    81% compared with 2020
    .
    The national production capacity of Chinese herbal medicines has declined for three consecutive years, but the overall production capacity is still higher than the market demand, and the fundamentals that production exceeds sales have not changed significantly
    .
     
      
      Figure 6: Top 40 varieties for production planting in 2021
     
      From the perspective of planting popular varieties: for varieties with high economic benefits, farmers have a strong willingness to plant, and the overheating situation is prominent
    .
    Through the screening of big data, the hot varieties of planting in the country in 2021 are dendrobium (iron, golden hairpin), honey, prickly ash, wormwood, pearl, earthworm, konjac, ginseng, lily, yam,
    etc.
    Among them, Dendrobium, Lily, Chonglou, Rehmannia glutinosa, Polygonatum and other varieties are more overheated
    .
     
      4.
    Summary
     
      1.
    Inflation has intensified, and the growth of agricultural and sideline products has exceeded expectations.
    The new crown epidemic has changed the operation mode of the global economy.
    Inflation has become increasingly intensified.
    The price growth of agricultural and sideline products in various countries has generally exceeded expectations.
    generally rising
    .
    Especially in the context of the epidemic, the prices of pharmaceutical raw materials for epidemic prevention and production raw materials that will be severely affected by the disaster in 2021 generally experience excessively fast price growth, which will easily lead to overcapacity of raw materials in the future
    .
     
      2.
    Although the production of traditional Chinese medicines has declined, the overall overcapacity is still highlighted.
    Although the production of traditional Chinese medicines has declined for three consecutive years, the overcapacity situation has become prominent, especially for some varieties with high economic benefits, and the production enthusiasm in the production areas remains high
    .
    Blindly following the trend of planting has also become one of the most prominent contradictions in the current production end.
    Once production is not scientifically planned, the situation of "low price hurting farmers" will appear again in the future
    .
     
       (Unless otherwise stated, the data in the text are all derived from the big data of the pharmaceutical industry in Tiandi Yuntu)
      Under the influence of the new crown pneumonia epidemic for more than two years, the operation of the global economy has undergone profound changes
    .
    Global inflation and rising prices are becoming increasingly severe, and the Chinese herbal medicine industry has also been greatly affected
    .
    In this context, what changes have taken place in the upstream and downstream links of the traditional Chinese medicine industry?
     
      1.
    International environment: The epidemic has changed the way the global economy operates, and inflation continues
     
     
      Figure 1: Global growth of COVID-19 disease (Data: WHO)
     
      From the perspective of the spread of the epidemic: the new crown epidemic continues to spread around the world, and the number of infected people continues to surge
    .
    With the mutation of the new coronavirus strain, the virus has a longer incubation period and a faster spread, which has also led to an explosive increase in the number of global infections starting in 2020
    .
    In the face of the increasing number of new coronavirus infections, the global economy has been affected to varying degrees and profoundly changed the way the global economy operates
    .
     
     
      Figure 2: 2019-2021 United Nations Food and Agriculture Price Index Operational Chart (Data source: United Nations Food and Agriculture Organization)
     
      From the perspective of the food and agricultural index: the rise in food and agricultural prices has become the most prominent feature in 2021
    .
    From 2018 to 2020, the food and agriculture index showed a low operation, and in 2021, the overall situation began to rise rapidly
    .
    In 2021, the food and agricultural price index climbed from 113.
    5 points to 133.
    7 points, with an overall increase of 17.
    80%
    .
    Under the circumstance of global inflation, the prices of commodities such as vegetables, sugar, grains, and dairy products in various countries continue to hit record highs
    .
     
      2.
    Domestic environment: Diversification of enterprises has become the mainstream, and the revenue of the traditional Chinese medicine industry has increased significantly
     
      
      Figure 3: 2010-2021 Comparison of Yield Rates of Pharmaceutical Index and Chinese Medicine Index (Data source: wind information)
     
      Judging from the comparison of yields: the traditional dividend period of traditional Chinese medicine has disappeared, and the company has diversified operations
    .
    From 2010 to the third quarter of 2019, the health care index and the traditional Chinese medicine index showed a significant positive correlation
    .
    After 2020, with the decline of traditional Chinese medicine dividends, various enterprises have entered a transition period.
    At the same time, the social demand for medical care has been rapidly increased during this period
    .
    Although the traditional Chinese medicine index still maintained steady growth during the period, it was far lower than the growth rate of medical care.
    Diversification of enterprises has become the mainstream of current enterprise transformation
    .
     
      
      Figure 4: Revenue level of my country's traditional Chinese medicine industry from 2013 to 2021 (Data source: Ministry of Industry and Information Technology)
     
      From the perspective of revenue level: In 2021, the overall revenue level of the traditional Chinese medicine industry will maintain an upward trend
    .
    From 2013 to 2021, the overall revenue growth rate of the domestic Chinese medicine industry (proprietary Chinese medicine and decoction pieces) was 2.
    57%, and reached a historical peak in 2016
    .
    In 2021, the revenue level of the traditional Chinese medicine industry will reach 691.
    9 billion yuan, an increase of 12.
    39% compared with 2020, and the annual growth trend is obvious
    .
     
      3.
    Production of traditional Chinese medicine: Although the production capacity of traditional Chinese medicine has declined, the overheating of production is still prominent
     
      
      Figure 5: Changes in the production capacity of Chinese herbal medicines by province in 2020-2021
     
      From the perspective of changes in production capacity: the production capacity of domestic Chinese herbal medicines has declined for three consecutive years, but the overall performance is still in excess
    .
    According to statistics on the historical production capacity of 385 commonly used Chinese herbal medicines , in 2021, the overall production capacity of domestic Chinese herbal medicines will reach 4.
    321 million tons, a decrease of 6.
    81% compared with 2020
    .
    The national production capacity of Chinese herbal medicines has declined for three consecutive years, but the overall production capacity is still higher than the market demand, and the fundamentals that production exceeds sales have not changed significantly
    .
     
      
      Figure 6: Top 40 varieties for production planting in 2021
     
      From the perspective of planting popular varieties: for varieties with high economic benefits, farmers have a strong willingness to plant, and the overheating situation is prominent
    .
    Through the screening of big data, the hot varieties of planting in the country in 2021 are dendrobium (iron, golden hairpin), honey, prickly ash, wormwood, pearl, earthworm, konjac, ginseng, lily, yam,
    etc.
    Among them, Dendrobium, Lily, Chonglou, Rehmannia glutinosa, Polygonatum and other varieties are more overheated
    .
     
      4.
    Summary
     
      1.
    Inflation has intensified, and the growth of agricultural and sideline products has exceeded expectations.
    The new crown epidemic has changed the operation mode of the global economy.
    Inflation has become increasingly intensified.
    The price growth of agricultural and sideline products in various countries has generally exceeded expectations.
    generally rising
    .
    Especially in the context of the epidemic, the prices of pharmaceutical raw materials for epidemic prevention and production raw materials that will be severely affected by the disaster in 2021 generally experience excessively fast price growth, which will easily lead to overcapacity of raw materials in the future
    .
     
      2.
    Although the production of traditional Chinese medicines has declined, the overall overcapacity is still highlighted.
    Although the production of traditional Chinese medicines has declined for three consecutive years, the overcapacity situation has become prominent, especially for some varieties with high economic benefits, and the production enthusiasm in the production areas remains high
    .
    Blindly following the trend of planting has also become one of the most prominent contradictions in the current production end.
    Once production is not scientifically planned, the situation of "low price hurting farmers" will appear again in the future
    .
     
       (Unless otherwise stated, the data in the text are all derived from the big data of the pharmaceutical industry in Tiandi Yuntu)
      Under the influence of the new crown pneumonia epidemic for more than two years, the operation of the global economy has undergone profound changes
    .
    Global inflation and rising prices are becoming increasingly severe, and the Chinese herbal medicine industry has also been greatly affected
    .
    In this context, what changes have taken place in the upstream and downstream links of the traditional Chinese medicine industry?
     
      1.
    International environment: The epidemic has changed the way the global economy operates, and inflation continues
    1.
    International environment: The epidemic has changed the way the global economy operates, and inflation continues
     
     
      Figure 1: Global growth of COVID-19 disease (Data: WHO)
     
      From the perspective of the spread of the epidemic: the new crown epidemic continues to spread around the world, and the number of infected people continues to surge
    .
    With the mutation of the new coronavirus strain, the virus has a longer incubation period and a faster spread, which has also led to an explosive increase in the number of global infections starting in 2020
    .
    In the face of the increasing number of new coronavirus infections, the global economy has been affected to varying degrees and profoundly changed the way the global economy operates
    .
     
     
      Figure 2: 2019-2021 United Nations Food and Agriculture Price Index Operational Chart (Data source: United Nations Food and Agriculture Organization)
     
      From the perspective of the food and agricultural index: the rise in food and agricultural prices has become the most prominent feature in 2021
    .
    From 2018 to 2020, the food and agriculture index showed a low operation, and in 2021, the overall situation began to rise rapidly
    .
    In 2021, the food and agricultural price index climbed from 113.
    5 points to 133.
    7 points, with an overall increase of 17.
    80%
    .
    Under the circumstance of global inflation, the prices of commodities such as vegetables, sugar, grains, and dairy products in various countries continue to hit record highs
    .
     
      2.
    Domestic environment: Diversification of enterprises has become the mainstream, and the revenue of the traditional Chinese medicine industry has increased significantly
    2.
    Domestic environment: Diversification of enterprises has become the mainstream, and the revenue of the traditional Chinese medicine industry has increased significantly
     
      
      
      Figure 3: 2010-2021 Comparison of Yield Rates of Pharmaceutical Index and Chinese Medicine Index (Data source: wind information)
    Medicine and medicine
     
      Judging from the comparison of yields: the traditional dividend period of traditional Chinese medicine has disappeared, and the company has diversified operations
    .
    From 2010 to the third quarter of 2019, the health care index and the traditional Chinese medicine index showed a significant positive correlation
    .
    After 2020, with the decline of traditional Chinese medicine dividends, various enterprises have entered a transition period.
    At the same time, the social demand for medical care has been rapidly increased during this period
    .
    Although the traditional Chinese medicine index still maintained steady growth during the period, it was far lower than the growth rate of medical care.
    Diversification of enterprises has become the mainstream of current enterprise transformation
    .
    Enterprise Enterprise Enterprise Healthcare Healthcare _
     
      
     
      Figure 4: Revenue level of my country's traditional Chinese medicine industry from 2013 to 2021 (Data source: Ministry of Industry and Information Technology)
     
      From the perspective of revenue level: In 2021, the overall revenue level of the traditional Chinese medicine industry will maintain an upward trend
    .
    From 2013 to 2021, the overall revenue growth rate of the domestic Chinese medicine industry (proprietary Chinese medicine and decoction pieces) was 2.
    57%, and reached a historical peak in 2016
    .
    In 2021, the revenue level of the traditional Chinese medicine industry will reach 691.
    9 billion yuan, an increase of 12.
    39% compared with 2020, and the annual growth trend is obvious
    .
     
      3.
    Production of traditional Chinese medicine: Although the production capacity of traditional Chinese medicine has declined, the overheating of production is still prominent
    3.
    Production of traditional Chinese medicine: Although the production capacity of traditional Chinese medicine has declined, the overheating of production is still prominent
     
      
      
      Figure 5: Changes in the production capacity of Chinese herbal medicines by province in 2020-2021
     
      From the perspective of changes in production capacity: the production capacity of domestic Chinese herbal medicines has declined for three consecutive years, but the overall performance is still in excess
    .
    According to statistics on the historical production capacity of 385 commonly used Chinese herbal medicines , in 2021, the overall production capacity of domestic Chinese herbal medicines will reach 4.
    321 million tons, a decrease of 6.
    81% compared with 2020
    .
    The national production capacity of Chinese herbal medicines has declined for three consecutive years, but the overall production capacity is still higher than the market demand, and the fundamentals that production exceeds sales have not changed significantly
    .
    Medicinal materials Medicinal materials Chinese medicinal materials Chinese medicinal materials
     
      
      
      Figure 6: Top 40 varieties for production planting in 2021
     
      From the perspective of planting popular varieties: for varieties with high economic benefits, farmers have a strong willingness to plant, and the overheating situation is prominent
    .
    Through the screening of big data, the hot varieties of planting in the country in 2021 are dendrobium (iron, golden hairpin), honey, prickly ash, wormwood, pearl, earthworm, konjac, ginseng, lily, yam,
    etc.
    Among them, Dendrobium, Lily, Chonglou, Rehmannia glutinosa, Polygonatum and other varieties are more overheated
    .
     
      4.
    Summary
      4.
    Summary
     
      1.
    Inflation has intensified, and the growth of agricultural and sideline products has exceeded expectations.
    The new crown epidemic has changed the operation mode of the global economy.
    Inflation has become increasingly intensified.
    The price growth of agricultural and sideline products in various countries has generally exceeded expectations.
    generally rising
    .
    Especially in the context of the epidemic, the prices of pharmaceutical raw materials for epidemic prevention and production raw materials that will be severely affected by the disaster in 2021 generally experience excessively fast price growth, which will easily lead to overcapacity of raw materials in the future
    .
     
      2.
    Although the production of traditional Chinese medicines has declined, the overall overcapacity is still highlighted.
    Although the production of traditional Chinese medicines has declined for three consecutive years, the overcapacity situation has become prominent, especially for some varieties with high economic benefits, and the production enthusiasm in the production areas remains high
    .
    Blindly following the trend of planting has also become one of the most prominent contradictions in the current production end.
    Once production is not scientifically planned, the situation of "low price hurting farmers" will appear again in the future
    .
     
       (Unless otherwise stated, the data in the text are all derived from the big data of the pharmaceutical industry in Tiandi Yuntu)
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