Chinese Medicine Has Taken a Seat in America's Mainstream Drug Market
By reports, Chinese medicine has begun to shake the American mainstream drug market and has gradually won the favor of Wall Street institutions, private investors, and traditional drug merchants. This newly emerging twenty-billion-dollar-a-year market is still expanding. Because Chinese medicines are more natural and less harmful than ordinary pharmaceuticals, and because patients with chronic illness, disappointed with the lack of efficacy of modern medical methods, turn to Chinese medicine for help — although TCM care is not yet listed under medical insurance, every day across the United States over a million people seek treatment from Chinese medicine, three-quarters of them paying out of pocket.
In some of America's well-known high-level hospitals, Chinese medicine and food-therapy methods have begun to be adopted, alongside conventional treatment for cancer and other stubborn diseases.
China, as the birthplace of Chinese medicine, has the most TCM talent and the richest herbal resources. We have confidence that our country's TCM enterprise can win still greater development.