U.S. Over-The- Counter Yearly Sales of Homeopathic and Herbal Remedies Reaches $6.4 BILLION

In 2012, over-the-counter sales of homeopathic and herbal remedies have reached $6.4 billion in the United States alone. PR Newswire reports:

Today 30% of respondents who suffered an ailment within the past year claim to have used a homeopathic or herbal remedy to treat it. And there is further good news for the homeopathic and herbal remedies sector too, as Mintel forecasts sales to increase to $7.5 billion by 2017 as more Americans become proactive about their health and further growth is fueled by availability of these products in mass retailers.

Recalls of traditional [pharmaceutical] OTC remedies, a holistic approach to health, and more availability in traditional retailers all helped to fuel growth in this market. The sector is primed for continued success as US consumers increasingly seek products that are natural and organic, particularly as it relates to healthcare. This is especially true for families with small children as many OTC medications [pharmaceutical] are unsafe for children under the age of two.

“Those who trust homeopathic medications are more likely to eat a healthier diet. Additionally, they are more likely to eat natural and organic foods and are willing to invest in these products. Those who trust homeopathic medicines are also more likely to be preventative about their healthcare. They visit the doctor regularly and take vitamins to prevent illness”.

MINTEL/PR NEWSWIRE

As a result of this success, pharmaceutical companies are funding organizations to attack homeopathy and herbal suppliers and practitioners. Organizations such as Sense about Science in England and another organization in the United States and Canada called “Centre for Inquiry” are primarily funded by pharmaceutical companies’ interests.

Homeopathy continues to grow because of its profound effectiveness with no side effects. Homeopathy has an over 200 year history of safety and efficacy. It is widely used all over the world and its growing numbers attests to its wonderful effectiveness.

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Pharmaceutical Industry Funding of Anti-homeopathy Skeptic Groups Uncovered

Sense about Science, a well funded anti-homeopathy skeptic organization in the United Kingdom, complained about a consumer’s group’s assertion that they represent and are funded by the pharmaceutical industry.  After further investigation, even more funding than previously revealed was uncovered.

A spokesperson for the consumer group investigating Sense about Science said, “In investigating their complaints we looked more closely at the sources of funding of Sense About Science, and have found that our original figures for the charity’s support by the pharmaceutical industry were too conservative.”

The consumer group, H:MC21 also wrote in response to Sense about Science complaining:

You quote us as saying that Sense About Science “received over 35% of its donation funding from the pharmaceutical industry between 2004 and 2009”, but then refer only to funding “from pharmaceutical companies”. As a result of the investigation following your email, we have found that our original claim about Sense About Science’s funding was too conservative. In fact Sense About Science appears to have received an average of 42.3% of its total income between 2004 and 2010 from pharmaceutical companies or organisations clearly linked to the pharmaceutical industry. In 2006, the year [the anti-homeopathy] ‘Sense About Homeopathy’ was published, there was a huge leap in such funding, from £37,300 (36.9% of total income) to £102,165 (51.2% of total income). Full details are included in Appendix 1.

The Canadian and USA skeptic organization called Centre for Inquiry, which is another anti-homeopathy skeptic group, is almost entirely funded by a director of a pharmaceutical company. They have initiated a law suit against a homeopathic manufacturer and retail pharmacy selling homeopathic remedies.

Both groups are attempting to stop consumers’ choice of alternative health modalities and stop the sale of homeopathic remedies.