Traditional Chinese Medicine Market in Hong Kong

Abstract

Since official supportive initiatives were launched in 1997 by the Hong Kong government, the traditional Chinese medicine (TCM) industry has grown into one of the main industries in the healthcare sector of Hong Kong. This essay aims to investigate and summarize the TCM development in Hong Kong in various aspects, from history, education of TCM practitioners, current TCM systems, human resources, law restrictions, market share, health insurance, harvest place of raw herbs to the price of concentrated Chinese medicine granules. It is concluded that the TCM industry in Hong Kong contiunes developing economically and clinically. With a similar background between Kampo and TCM, it is believed that both fields can join forces to make a fundamental contribution to modern medical industry