What is Tibetan Medicine?
Tibetan medicinal drug is regarded as Sowa Rigpa. It is primarily based on Buddhist tradition. Buddha’s teachings unfold in Tibet after the eleventh century. Gyud-Zhi (Four Tantra) is the classical textual content that describes eight branches, and three principles, comparable to Ayurveda. Health is the kingdom of the stability of the three principles: Kapha, Pitta, and Vata. Tibetan drug treatments are composites of a variety of flora and sometimes minerals. Some Tibetan drug treatments have over one hundred components. In every Tibetan medicine, some substances deal with the underlying imbalance and others deal with any aspect consequences that may additionally occur. Diagnosis is based totally on pulse analysis, and urine examination. Treatment consists of behavioral and dietary modifications, and sure herbs. There are bodily remedies similar to Ayurveda, such as massage. The Tibetan gadget additionally makes use of acupuncture and moxibustion in treatment. Apart from Tibet, the device is practiced in India, Nepal, and Bhutan, and the Himalayan regions, China, Mongolia, and in some components of Europe. The Indian authorities has protected Sowa Rigpa in AYUSH systems.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Key Companies Profiled | Qizheng Group (China), Tibet Zangyao Group (China), Ganlu Traditional Medicine (China), Tibetan Medicine Company of Traditional Tibet Medical College (India), Tibet Shenhou Pharmaceutical Co., Ltd (China), Zangnuo Pharmaceutical Company (China), Tibet Rhodiolapharmaceutical Holding Co. (China), Shenshui Traditional Medicine (China), Jinhe Tibetan Medicine Co., Ltd. (China) and Qinghai Jingzhu Tibetan Medicine High-tech Industry Co., Ltd. (China) |
CAGR | % |
The market study is broken down by Type (Oral Medicine and Sticking-plaster), by Application (Hospital, Retail Pharmacy and Other) and major geographies with country level break-up.
The market is seeing moderate market players, by seeing huge growth in this market the key leading vendors are highly focusing towards the production technologies, efficiency enhancement and product life. There is various growth opportunity in this market which is captured by leading players via tracking the ongoing process enhancement and huge invest in market growth strategies. Analysts at AMA Research estimates that Players from Chinese will contribute to the maximum growth of Global Tibetan Medicine market throughout the predicted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Qizheng Group (China), Tibet Zangyao Group (China), Ganlu Traditional Medicine (China), Tibetan Medicine Company of Traditional Tibet Medical College (India), Tibet Shenhou Pharmaceutical Co., Ltd (China), Zangnuo Pharmaceutical Company (China), Tibet Rhodiolapharmaceutical Holding Co. (China), Shenshui Traditional Medicine (China), Jinhe Tibetan Medicine Co., Ltd. (China) and Qinghai Jingzhu Tibetan Medicine High-tech Industry Co., Ltd. (China) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Yutuo Tibetan Medicine Co., Ltd (China) and S&P Pharmaceutical Co., Ltd (United States).
Segmentation Overview
AdvanceMarketAnalytics has segmented the market of Global Tibetan Medicine market by Type, Application and Region.
On the basis of geography, the market of Tibetan Medicine has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Treatment, the sub-segment i.e. Golden Needle Technique will boost the Tibetan Medicine market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Trend
- Medicine and Health Care Are Increasingly Reduced To the Material Object of the Drug and Its Delivery
Market Drivers
- Increase in Prevalence of Liver Diseases
- Increase in Alcohol Consumption
- Advanced Infrastructure for Research & Development and Investments in Healthcare
Opportunities
- Increasing Healthcare Expenditure
Restraints
- Side-Effects Such As Vomiting, Diarrhoea, and Abdominal Pain and, Depending On Which Viscera
- Stringent FDA Approvals and Other Government Regulations
Challenges
- The Generic Drug Market Periodically Experiences Temporary Shortages and Massive Price Spikes
- Drug Companies Can Profit From Their “Charitable” Activities
Key Target Audience
Manufacturers of Tibetan Medicine, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.