Sue Young Homeopathy

With thanks to Khabrein.info:

The Indian homeopathy market is expected to top Rs.26 billion ($650 million) by 2010 and outpace the growth of pharmaceutical industry in the country, says a study by a leading industry chamber.

“Users of homeopathy are multiplying not only within the country, but throughout the world as it roots out aliments for good,” says the study by the Associated Chambers of Commerce and Industry (Assocham), released Sunday.

The market of this traditional medicine in India, estimated around Rs.12.5 billion, would continue to grow at around 25-30 percent, against 13-15 percent for the pharmaceuticals industry, the study says.

In the year 2006-07, about 50 million people opted for homeopathy. This number would exceed 100 million by the end of 2010, according to the study.

Citing reasons for the growth of country’s homeopathy market Assocham President Venugopal N. Dhoot said: “It is not only effective in treating chronic aliments like respiratory diseases, arthritis, diabetes and thyroid problems to name a few, but without any side effects.”

“Also patients derive utmost satisfaction due to better consultation with the physician at a highly affordable cost,” he added.

Not only in the country, but also across the globe the homeopathy market has has expanded and crossed a whopping Rs.135 billion, growing at the rate of no less than 25 percent. Out of this, the French homeopathy market has a lion’s share of about Rs.45 billion, the study says.