The provisions under the above Act and Rules cover sale, manufacturing and quality control of homoeopathic medicines. There exists a Drug Technical Advisory Board and Drug Consultative Committee. A Homoeopathic Sub-Committee has also been set up under the above Board for looking after the sale and manufacture of homoeopathic medicines exclusively.
Good Manufacturing Practices (GMP)
Good manufacturing practice (GMP) guidelines covering manufacturing process, premises, personnel, packaging and labeling applied to homeopathic medicines have been notified for manufacturing of homoeopathic medicines (Schedule M-1 of Drugs and Cosmetics Rules, 1945). It is mandatory for all homoeopathic drug manufactures to comply with the GMP provisions and obtain GMP certification63.
4. 6 DRUG MANUFACTURING INDUSTRY
The IBIS World in the US has estimated that revenue generated by homoeopaths is projected to increase at an annualized rate of 7. 6% to $339. 9 million over the past five years, including anticipated growth of 7.2% in 2012 alone. Over the five years to 2012, the number of industry establishments, which represents those establishments whose primary business activity is homeopathic care, has grown at an annualized rate of 3. 8% to an estimated 3,91464.
The European Coalition for Homeopathic and Anthroposophical Medicinal Products (ECHAMP) in its publication 'Facts and Figures 2011' records that in 2010, for the third year in a row, sales of homeopathic and anthroposophic products exceeded €1 billion, valuing the total EU market for these products at €1. 035 billion in 2010. The sector represents only 0. 7% of the total turnover of the pharmaceutical industry, yet in fact, reaches a high number of European citizens due to low cost of the products and the fact that dosages to achieve a required therapeutic effect are often small in number. Manufacturers of these products are experiencing consistently high and increasing demand for these products from patients, doctors and homoeopaths65.
In the UK in 2008, it was estimated that 15% of the population of Britain trusts Homoeopathy as a form of treatment. The over-the-counter market in Homoeopathy currently stands at around £40million
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