Mongolian Medicine Market Expansion Report 2025: Effective Strategies and Market Expansion

The global market for Mongolian Medicine was estimated to be worth US$ 657 million in 2024 and is forecast to a readjusted size of US$ 3104 million by 2031 with a CAGR of 25.2% during the forecast period 2025-2031. Mongolian medicine is a unique medicinal system of the Mongolian ethnic group, developed based on traditional Mongolian medical theories and practices. Similar to Traditional Chinese Medicine, it primarily relies on herbal remedies, utilizing a variety of herbs that are ground into powders. Mongolian medicine also incorporates experiences from Traditional Chinese Medicine and Tibetan Medicine. The medicinal materials used in Mongolian medicine are diverse, rich in resources, and widely distributed, mainly sourced from regions influenced by Chinese culture—particularly plants, animals, and minerals from across Asia, with a predominant focus on herbal medicine.