‘With Chinese Characteristics’ – TCM Driving Rx-To-OTC Switch In China
Traditional Chinese Medicine and regulatory reform are driving Rx-to-OTC switch in China, the country's non-prescription medicines industry association says. Furthermore, Alibaba's "new retail" model of blending online and bricks-and-mortar shopping is fostering innovation in the Chinese market, creating opportunities for international OTC players. However, there is still room for improvement, according to the Global Self-Care Federation's recently published Self-Care readiness Index.
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Adding another 10 countries to its analysis of how self-care policies are being implemented across the world, the Global Self-Care Federation's Self-Care Readiness Index 2.0 demonstrates “very clearly that there is a widespread lack of a coherent view of self-care and its benefit,” according to the association, which is holding its World Congress from 19-20 October.
Over The Counter 20 Feb 2024: AESGP’s 60th Birthday Celebrations In 2024 Including Annual Meeting, With Jurate Švarcaite
The Association of the European Self-Care Industry celebrates its 60th birthday this year. In this episode, we catch up with AESGP director general, Jurate Švarcaite, to find out how the association will mark the occasion, including at this year’s Annual Meeting in Brussels in June. AESGP Annual Meetings are an excellent way to find out what the key issues and trends are impacting the European consumer health industry, and this one will be no different. We talk through some of the key themes of this year’s conference. Sustainability continues to be a mega-trend, closely followed by digitalization and artificial intelligence. With its wide-ranging footprint across OTC medicines, food supplements and self-care medical devices sectors, the consumer health industry is facing an avalanche of regulations, and the AESGP continues to be an effective advocate for its stakeholders, alongside adjacent industry partners.
The EU Green Deal brings with it numerous directives, strategies and frameworks which consumer health companies operating in the region must work out how to navigate. To assist companies facing this regulatory storm, HBW Insight has produced an infographic which brings together in one place the main EU legislation supporting the Green Deal.