1.1 Definition of Homeopathy
Homeopathy is an alternative and complementary medical science based on theory of “Similar xxxxx similar” found by Dr. Samuel hehnemann, a german physician. It is the science of treating disease that employs very low quantity of drug substance that may be in higher quantity shows symptoms of other diseases in normal healthy person.
1.2 Global market of Homeopathic drug
India is the country which exporting the homeopathic drug product to the foreign countries like USA, Germany and United Kingdom.
90-95% of homeopathic products are exported to Germany from India.
Since 1992-93, Indian Homeopathic product is increasing for USA.
India also exports to the developing countries like Russia Ukraine and Sri lanka. …show more content…
US homeopathic market.
The OTC homeopathic drug products in US the established annual sales are around $ 75 million and exploring up to 15-20% annually.
In 1988, the first volume of Homeopathic Pharmacopeia convention of US(HPUS) is established by Homeopathic pharmacopeia Revision services.
The monography of Drug substances in Hus are considered in official standard Drug in current food, drug & cosmetic Act & code of federal Regulation (CFR). Homeopathic remedies are recognized as drug by FDA. In HPUS, the strength potency or degree of dilution are indicated by numerals or alphabets X, C or K.
In US, there are $ homeopathic organization around 20 homeopathic pharmacies & 5 homeopathic schools.
OTC homeopathic drug products does not show any side effects, but the label of it must carry information about working regarding pregnancy, nursing mother and temper evident features.
The label of homeopathic drug product lacks expiration date but must meet the all other requirements of FDA &