In 2023, the number of visits to hospitals specializing in Traditional Chinese Medicine (TCM) in China was significantly robust. Forecasts indicate a steady growth from 6.59 hundred million person-times in 2024 to 7.48 in 2028, suggesting increasing demand for TCM services. The year-on-year growth rates from 2024 to 2028 demonstrate upward momentum, with a consistent annual increase. The compound annual growth rate (CAGR) over this five-year period emphasizes the rising trend of healthcare dependency on TCM in the region.
Future trends to watch include:
- The integration of TCM with modern medical practices as a potential growth contributor.
- Policies supporting TCM adoption due to its cultural significance and increasing healthcare budget allocations.
- Consumer preference shifts as awareness and trust in TCM treatments expand.
- The potential impact of international interest in TCM, influencing both domestic and foreign demand.
