Academician Zhang Boyi: The Chinese medicine industry will reach trillions in 2015

“As of the end of 2009, the market size of the large Chinese medicine industry totaled 700 billion yuan, which is calculated at an annual growth rate of 8%. It is expected that it will reach 1 trillion yuan in 2015.” This is the academician of the Chinese Academy of Sciences, President of Tianjin University of Traditional Chinese Medicine, Zhang Buli, The information disclosed at the 9th China Self-medication Conference was held on the afternoon of June 7.

It is understood that the major Chinese medicine industry is a new type of industry driven by the traditional Chinese medicine industry as the mainstay, the Chinese medicine industry as the foundation, the Chinese medicine business as the hub, and the traditional Chinese medicine knowledge economy industry. It involves traditional Chinese medicine agriculture, traditional Chinese medicine business, traditional Chinese medicine health products, Chinese medicine foods, Chinese medicine veterinary medicine, Chinese medicine beauty, traditional Chinese medicine pharmaceutical equipment and other related industries.

The data show that in 2008 the scale of the large Chinese medicine industry was: 200 billion Chinese medicine industry, 59 billion yuan of Chinese medicine agriculture, 800 billion Chinese medicine business, 80 billion Chinese medicine health products, 150 billion Chinese medicine food, 33 billion Chinese medicine cosmetics, 5 billion Chinese medicine pesticide veterinary medicine, Chinese medicine processing equipment and equipment 20 billion, a total of 627 billion yuan. Academician Zhang Boli also revealed in his speech that as of the end of 2009, the market size of the large Chinese medicine industry totaled 700 billion yuan, which is calculated at an annual growth rate of 8%, and it is expected that it will reach 1 trillion yuan in 2015.

He admitted that in addition to traditional Chinese medicines in the treatment of drugs, he could also develop health products, foods, beverages, cosmetics, daily necessities, food additives, pesticides, veterinary drugs, feed additives, etc., which would bring greater economic and social benefits.

However, he also pointed out that as China's big Chinese medicine industry has just begun, there are still some problems, such as the lack of a unified plan, the lack of regional characteristics, the existence of blind development; R & D base is weak, science and technology content to be improved. The scale of Chinese medicine companies is relatively small, and products with low level of duplication and disorderly competition are prominent; the cooperation mechanism of production, education and research with enterprises as the main research and development entities is not perfect, and the investment in innovation and technology are seriously insufficient. The transformation of scientific and technological achievements lags behind, resulting in insufficient scientific and technological content of Chinese medicine products. , The product has low added value.

He believes that for companies with relatively weak scientific research and innovation capabilities, it is better to develop the secondary research and development of the economic side; and compound drugs will be an important direction for the development of new drugs in the future. In addition, he also stated that because the output of new drugs in China is not directly proportional to the investment in R&D, traditional R&D models for new drugs will be challenged.

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