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Homeopathic Economics: Is this what is terrorizing them?

WHO report, which states that most of the studies published in the last 40 years have shown homeopathic remedies to be superior to placebo and "equivalent to conventional medicines in the treatment of illnesses, in both humans and animals".


The World Health Organisation states that Homoeopathy is the second most used medical system internationally, with over $1 Billon in expenditures for such therapy.




Lawrence M.Tierney, Jr. et al, “Current Medical Diagnosis & Treatment”, USA: The McGraw-Hill Companies, Inc. 2004 (1701-03; 43Ed)

The Indian healthcare sector has been growing at a frenetic pace in the past few years. The windfall began ever since the developed world
discovered that it could get quality service for less than half the price.


The Indian healthcare market is estimated to be US$ 30 billion and includes pharmaceuticals, healthcare
(including Homeopathy), medical and diagnostic equipment and surgical equipment
and supplies. Revenues from the healthcare sector account for 5.2 per cent of
the GDP and it employs over 4 million people. Private spending accounts for
almost 80 per cent of total healthcare expenditure.



According to a study by CII-McKinsey on ‘Health in India’, India will spend US$ 45.76 billion on healthcare in the next five years as the country, on an economic upsurge,
is witnessing changes in its demographic profile accompanied with lifestyle
diseases and increasing medical expenses.



Coupled with the expected increase in the pharmaceutical sector, the total healthcare market in the country could increase to US$ 53-73 billion (6.2-8.5 per cent of GDP) in the next five years.



Private healthcare will continue to be the largest component in 2012 and is likely to double to US$ 35.7 billion. It could rise by an additional US$ 8.9
billion if health insurance cover is extended to the rich and middle class.


Healthcare

Last Updated: August 7, 2007

Views: 142

Comment by Dr Muhammed Rafeeque on July 20, 2010 at 2:18am
Of course, economy is the main culprit!

A 30 ml bottle of a homeopathic medicine can cure hundreds of patients who need that particular medicine. On the other hand, if these patients go to an Allopathic hospital, the expenditure is beyond our imagination. Apart from the financial loss, the side effects are the extra "bonus" for the patients!
Comment by Debby Bruck on July 26, 2010 at 9:42pm
Just wait. They'll find a way to charge $5 per pillule.
Comment by Dr A K Arun M D(Hom) on May 9, 2011 at 8:51am

Dr. Nishant, Really I miss you on HWC. Vijag has given this opportunity to tighten the knot of friendship.

thanks & all the best.--A.K.Arun

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