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Article: Homeopathic medicine is increasingly lucrative market in U.S. (RX: Marketplace)
- Article from:
- Chain Drug Review
- Article date:
- August 30, 1993
- Author:
CopyrightCOPYRIGHT 1993 Racher Press, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Thirty-four percent of Americans use alternative health care services, according to a recent study published in The New England Journal of Medicine. This forms a market worth nearly $13 billion, which is almost as much as primary care, obstetrics-gynecology and family practice visits combined.
Time reports that 3% of Americans have tried homeopathic medicines and 84% would use them again. Just this year the National Institutes of Health (NIH) has formed an office of alternative medicine that will award 10 grants this fiscal year--one-third of which will focus on homeopathic medicine.
The National Center of Homeopathy, a public interest group based in ...