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Australia’s Complementary Medicines Industry Audit & Trends 2020 ABOUT COMPLEMENTARY MEDICINES Complementary ComplementaryMedicines Medicines Australia Regulated in Australia as medicines under the Therapeutic Goods (CMA) Act 1989, complementary medicines include vitamins, mineral and nutritional supplements, homeopathic, aromatherapy CMA is the peak industry body for the complementary products and herbal medicines. The term ‘complementary medicines industry, representing stakeholders across the value medicines’ chain, including manufacturers, raw material suppliers, also comprises traditional medicines, which includes distributors, consultants, retailers, allied health professionals, traditional Chinese medicines, Ayurvedic, Australian researchers and educators. Indigenous and Western herbal medicines. CMA promotes appropriate industry regulation and advancement to ensure consumers have access to complementary medicines of the highest quality. We have been conducting annual audits of the industry for 10 years and are pleased to present our most comprehensive audit to date. INDUSTRY AUDIT SUMMARY 7 out of 10 People Assisting in Your Health NumberOne Most Australians (75%) have used at One third of Australians using Australia is the largest exporter of least one form of complementary Complementary Medicines do so to manage Nutrition and Health Food to China, medicine in the last year. the symptoms of a chronic disease. with over $1 billion of exports. $5.6 billion Industry Healthy Growth Vitamin & Dietary Supplements: $3.1billion The Complementary Medicines industry Sports Nutrition: $1.31 billion continues to outpace growth in the Herbal / Traditional Products: $0.76billion broader economy. Weight loss: $0.43 billion | CMA INDUSTRY AUDIT & TRENDS 2020 3 CONSUMER DEMOGRAPHICS MEN VS WOMEN CM purchases in last 12 months Women are more AVG Male Female likely to have 90% 83% purchased 80% 78% complementary 73% medicine in the last 70% 66% 60% 58% 12 months(83%) 51% than men(73%) 50% 40% Source: CMA/YouGov Galaxy (2020) 30% 25% 24% 25% 23% 25% 27% 22% 23% 20% 18% 12% 10% 14% 10% 11% 10% 9% 0% Net: Bought Vitamin Mineral Probiotics Omega-3 fatty Nutritional Herbal or Other complementary acids/fish oil supplements homeopathic complementary medicines products medicines | CMA INDUSTRY AUDIT & TRENDS 2020 4
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