CMA Provides an Industry Snapshot into Australia’s Complementary Medicines for 2018

Complementary Medicines Australia (CMA) is the peakbody for the complementary medicines industry, representing members across the supply chain, including manufacturers, importers, exporters, raw material suppliers, wholesalers, distributors and retailers. Regulated in Australia as medicines, complementary medicines include vitamins, mineral and nutritional supplements, homeopathic, aromatherapy products and herbal medicines. The term ‘complementary medicines’ also comprises traditional medicines, which includes traditional Chinese medicines, Ayurvedic, Australian Indigenous and Western herbal medicines. This fascinating snapshot of the current Australian market points out, among other things, that Australia’s Complementary Medicines Industry has annual revenue of AU$4.9 billion which represents a $2.0 billion growth over the last 5 years.   Source: CMA industry snapshot

 

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