Feb 16, 2022 07:49 AM (GMT+8) · EqualOcean
Chen Jinfu, deputy director of the state medical security administration, said that based on the alliance procurement organized by some provinces in 2021, the scope of Chinese patent medicine should be further expanded in an orderly manner this year. The first joint procurement transaction of the national inter provincial traditional Chinese medicine (materials) Procurement Alliance will also be completed in the first quarter of this year. With the accelerated promotion of unified standards and inter provincial joint mining, policy dividends are continuously released, and the market expansion of traditional Chinese medicine formula granules is imminent. Many institutions predict that by 2030, the market scale of traditional Chinese medicine formula granules will reach 100 billion yuan, attracting many pharmaceutical enterprises to rush into this fast-growing market.

This text is a result of machine translation.