Securing the Future of Complementary Medicines Manufacturing in Australia: A Strategic Business Case

NICM Health Research Institute

Research output: Book/Research ReportResearch report

Abstract

The $6 billion per annum complementary medicines manufacturing industry stands at a crucial crossroads: maintain the status quo or invest in catalysing industry growth by capturing greater market share of the rapidly expanding global market. Through extensive research\, analysis and consultation this report identifies various opportunities and challenges facing the industry and provides an evidence-based set of recommendations and associated business case. This report presents recommendations to government\, proposing a co-investment model that has the potential to support Australian manufacturers to triple industry revenues by 2032. The aim will be achieved through capturing a greater proportion of the global complementary medicine market\, fostering a skilled manufacturing workforce\, protecting sovereignty of supply and manufacture\, and fuelling job growth across Australia.
Original languageEnglish
Place of PublicationPenrith\, N.S.W.
PublisherWestern Sydney University
Number of pages96
ISBN (Print)9781741085624
DOIs
Publication statusPublished - 2023

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