CM Exports Booming

Australian complementary medicine exports are booming, states Complementary Medicines Australia (CMA) CEO Carl Gibson. “Consumers worldwide are increasingly using complementary medicines as part of a proactive approach to their health, and we have seen a growing demand for Australian products, driven by the industry’s reputation for products that meet the highest standards of quality and safety,” he said, giving the examples of exports to the Asian region doubling and South Korea’s business surpassing NZ’s.

Gibson was highlighting that the CMA pre-Budget submission used these growth numbers to emphasise the potential of the Australian CM industry.  “Our industry has an upward trajectory, demonstrating the ability to significantly increase employment opportunities and development of a range of technical and vocational skills through research and the utilisation of complex technologies.”

Gibson also highllighted that the CM industry has potential to grow exponentially and contribute further to the strength of high-skill local manufacturing and exports.  The CMA submission makes three recommendations that will facilitate business growth, including changes to the regulatory environment, rewarding innovation and investment in the sector, support and a focus on a smarter approach to preventive health.

Click here to see the submission.

Source: Pharmacydaily.com.au, Monday 8 February 2016