COMPLEMENTARY MEDICINES AUSTRALIA
Complementary Medicines Australia (CMA) is the peak industry body for the complementary medicines industry, representing members across the supply chain, including manufacturers, importers, exporters, raw material suppliers, wholesalers, distributors and retailers. CMA promotes appropriate industry regulation and advancement to ensure consumers have access to complementary medicines of the highest quality.
CMA is proud to work closely with the TGA and other Australian government agencies, such as Austrade and DFAT, to ensure a strong and sustainable industry. It is CMA’s aim to improve public health and wellbeing through education and information on the use of complementary medicines, to support and enhance a robust complementary healthcare products industry, and to support the ethical and responsible promotion of complementary medicines.
Australian Complementary Medicines Industry
The complementary medicines sector in Australia has evolved into a major world class industry that supports domestic manufacturing, jobs, research and exports. The Australian industry has been a success story in recent years due to a growing international demand for our complementary medicine products, which are seen globally as safe, effective and of exceptional quality.
Consumers worldwide are increasingly turning to complementary medicines as part of a proactive approach to healthcare, becoming more confident in self-selection and willing to take preventive measures to support their health.
The use of traditional and complementary medicines is growing worldwide, with the global market expected to reach US$115 billion by 2020.
Significant growth has been reported in many countries, including the United States, Canada and Australia, and across Asia.
The recent Australian complementary medicine industry audit shows that the industry has generated revenues of $4.7 billion due to increasing interest and demand from consumers, both in Australia and internationally.