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Monday 21 March 2011

India: Potential Market for Homeopathic Treatment


The Indian homeopathy treatment is the point of discussion nowadays. If statistics from the Associated Chambers of Commerce and Industry of India (ASSOCHAM) are to be believed, the India domestic homeopathy market has taken a leap from RM1.5 billion and is expected to hit RM2.7 billion.
Contrary to the allopathic treatment, most of the people prefer homeopathic treatment. Standing next to France in terms of homeopathic market share, Indian market is expected to grow by 30%.
Citing the response of people, D. S. Rawat, ASSOCHAM's Secretary-General, reportedly claimed that more than 75% patients have expressed their commitment to homeopathic treatment in comparison to the allopathic treatment.
However, there are cases where people have switched to allopathic treatment; Rawat claimed that there are certain medical cases where homeopathic treatmentis not the best option.
There is a common belief in the market that homeopathic treatment allows patients to openly interact with their homeopathy physicians about their health problem. Moreover, there are apartment signs that homeopathic treatment is highly affordable as compared to allopathic treatment.With Britain's homeopathic physicians struggling to make their place in the growing market of homeopathy, the Indian market is all geared up match up the International standards.

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