From 2016 to 2020, sales of rhizoma gastrodiae tablets were significantly high, expanding at under 10% CAGR. Increasing preference for traditional and alternative medicine over conventional allopathic ones amid rising health concerns has been driving majority of market growth.

The COVID-19 pandemic has promised significant future expansion prospects, as key healthcare providers seek to incorporate natural alternatives to reduce inflammation episodes. From 2021 to 2031, demand is likely expand at a CAGR exceeding 10% as key regions incorporate plant-based medicine to address such key problems as liver diseases.

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Competitive Landscape

The rhizoma gastrodiae tablets landscape appears highly consolidated, with a major chunk of it being dominated by Chinese players. Some notable developments in the market include:

• In June 2017, Beijing Tong Ren Tang Europe Holding B.V entered a strategic co-operation agreement with the Republic of Kazakhstan for establishing a Chinese Medical Center to further Chinese Medicine
• In November 2019, Tsumura & Co. concluded its Letter of Intent regarding Tianjin China Medico Technology Co. Ltd. to forge a capital alliance with the intention of expanding its business in Traditional Chinese Medicine and ensure stable supply of crude drugs

Key Companies Profiled:

• Zhaotong Huacheng Pharmaceuticals
• Guangdong Luofu Shan National Pharmaceutical Co. Ltd.
• Beijing Tong Ren Tang
• Guizhou Bailing Group
• Guangxi Changzhou Natural Pharmaceutical Co. Ltd.
• Lanzhou Foci Pharmaceutical
• Shaanxi Tianyang Pharmaceutical
• Taiji Group Sichuan Mianyang Pharmaceutical
• Tsumura & Co.

Key Market Segments Covered

• Type
  • Gastrodia Elata F. Glauca Rhizoma Gastrodiae Tablets
  • G. Elata Bl. F. Elta Rhizoma Gastrodiae Tablets
  • Other Rhizoma Gastrodiae Tablets
• Distribution Channel
  • Rhizoma Gastrodiae Tablets for Hospital Pharmacies
  • Rhizoma Gastrodiae Tablets for Retail Pharmacies
  • Rhizoma Gastrodiae Tablets for Online Pharmacies

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Questionnaire answered in the Rhizoma Gastrodiae Tablets Market report include:

• How the market for Rhizoma Gastrodiae Tablets has grown?
• What is the present and future outlook of the global Rhizoma Gastrodiae Tablets on the basis of region?
• What are the challenges and opportunities for the Rhizoma Gastrodiae Tablets?
• Why the consumption of Rhizoma Gastrodiae Tablets highest in region?
• In which year segment is expected to overtake segment?

What makes Fact.MR report stand out from others?

• Fact.MR follows a six-point mechanism known as E.V.O.L.V.E. (Evaluate. Visualize. Overcome. Leverage. Verify. Eradicate.). The report is specially created to assess the COVID-19 impact on the Rhizoma Gastrodiae Tablets market. This mechanism focuses on almost all the factors in a definite manner to provide the best research report for the market stakeholders.
• Evaluate: A Fact.MR report evaluates every small aspect that can prove to be a growth generator for the Rhizoma Gastrodiae Tablets market, thus, making it different and special from other reports.
• Visualize: The authors involved in the research activities visualized the post-COVID-19 era so that the key stakeholders of market get an overview and helps them take certain steps to ensure continuous growth during the forecast period.
• Overcome: The report scrutinizes on points that can prove to be an Achilles heel to the Rhizoma Gastrodiae Tablets market and assists to create strategies to overcome the obstacles that may hinder the growth of the Rhizoma Gastrodiae Tablets market.
• Leverage: The Rhizoma Gastrodiae Tablets market can leverage certain aspects that can prove beneficial for the increase in growth rate. Fact.MR covers all the points on which the key stakeholders can leverage upon.
• Verify: Research is done systematically to assure validation of all the aspects covered in the report. All the points are rechecked and verified thoroughly to avoid flaws and fake information.
• Eradicate: Last but not the least, this aspect helps the key stakeholder eradicate all the obstacles that come between the growth rate and the Rhizoma Gastrodiae Tablets market.

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The post Sales of Rhizoma Gastrodiae Tablets Were Significantly High, Expanding At Under 10% CAGR by 2031 appeared first on Services for Press Release Submissions - Press Legend.