Indian Pharmas Look To Herbal Medicines As Huge Potential (India)
This article was originally published in PharmAsia News
Executive Summary
India's $1 billion herbal medicine industry is expected to grow by as much as 15 percent a year as pharmaceutical companies see its potential. Much of the interest is in Western countries, with Indians slow to rely on the alternative drugs. Prescription herbal medicine accounts for only 30 percent of the market for Indian companies, with the other 70 percent over-the-counter products. Prescription herbal medicine generally lack clinical-trial data, with those backed by accepted research selling the best in India, which is one of the largest producers of medicinal herbs. One drug company executive said many pharmaceutical companies see herbal health care as having huge potential. (Click here for more