NAICS Code 456110-12 - Homeopathic Remedies (Retail)
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NAICS Code 456110-12 Description (8-Digit)
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Tools
Tools commonly used in the Homeopathic Remedies (Retail) industry for day-to-day tasks and operations.
- Homeopathic remedy kits
- Dilution machines
- Mortar and pestle
- Glass droppers
- Measuring cups and spoons
- Label makers
- Storage containers
- Books on homeopathy
- Computer software for managing inventory and sales
- Homeopathic reference materials
Industry Examples of Homeopathic Remedies (Retail)
Common products and services typical of NAICS Code 456110-12, illustrating the main business activities and contributions to the market.
- Homeopathic allergy relief
- Homeopathic cold and flu remedies
- Homeopathic digestive aids
- Homeopathic pain relief
- Homeopathic sleep aids
- Homeopathic stress relief
- Homeopathic skin care products
- Homeopathic pet remedies
- Homeopathic remedies for children
- Homeopathic remedies for women's health
Certifications, Compliance and Licenses for NAICS Code 456110-12 - Homeopathic Remedies (Retail)
The specific certifications, permits, licenses, and regulatory compliance requirements within the United States for this industry.
- Good Manufacturing Practices (GMP): GMP certification ensures that the products are consistently produced and controlled according to quality standards. The certification is provided by the FDA.
- Homeopathic Pharmacopoeia Of the United States (HPUS): HPUS is a reference book that contains standards for homeopathic drugs. The certification is provided by the Homeopathic Pharmacopoeia Convention of the United States.
- National Center for Homeopathy (NCH) Certification: NCH certification is a voluntary certification that ensures that the practitioner has met certain educational and training requirements. The certification is provided by the National Center for Homeopathy.
- American Association Of Homeopathic Pharmacists (AAHP) Certification: AAHP certification is a voluntary certification that ensures that the manufacturer has met certain quality standards. The certification is provided by the American Association of Homeopathic Pharmacists.
- Dietary Supplement Health and Education Act (DSHEA): DSHEA is a regulation that defines and regulates dietary supplements. The regulation is provided by the FDA.
History
A concise historical narrative of NAICS Code 456110-12 covering global milestones and recent developments within the United States.
- Homeopathy is a form of alternative medicine that was developed in Germany in the late 18th century. The first homeopathic remedies were made from plants, minerals, and animal substances, and were believed to work by stimulating the body's natural healing processes. The popularity of homeopathy grew rapidly in the 19th century, and by the early 20th century, there were thousands of homeopathic practitioners and pharmacies around the world. In recent years, the popularity of homeopathy has declined in many countries, due in part to increased skepticism about its effectiveness and safety. In the United States, homeopathy has a long history dating back to the early 19th century. The first homeopathic medical school in the US was founded in 1835, and by the late 19th century, there were hundreds of homeopathic hospitals and clinics across the country. However, the rise of modern medicine in the 20th century led to a decline in the popularity of homeopathy, and by the 1960s, there were only a handful of homeopathic practitioners left in the US. In recent years, there has been a resurgence of interest in homeopathy in the US, driven in part by concerns about the safety and effectiveness of conventional medicine.
Future Outlook for Homeopathic Remedies (Retail)
The anticipated future trajectory of the NAICS 456110-12 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.
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Growth Prediction: Stable
The future outlook for the Homeopathic Remedies (Retail) industry in the USA is positive. The industry is expected to grow at a steady pace due to the increasing demand for natural and alternative medicines. The rising awareness about the benefits of homeopathic remedies and the growing preference for organic and natural products are expected to drive the growth of the industry. Additionally, the increasing availability of homeopathic remedies in retail stores and online platforms is expected to boost the industry's growth. However, the industry may face challenges due to the lack of regulation and standardization in the homeopathic remedies market. Overall, the industry is expected to grow steadily in the coming years.
Industry Innovations for NAICS Code 456110-12
Recent groundbreaking advancements and milestones in the Homeopathic Remedies (Retail) industry, reflecting notable innovations that have reshaped its landscape.
- Boiron, a leading manufacturer of homeopathic remedies, launched a new line of homeopathic medicines for children in 2020. The line includes products for cough, cold, flu, and other common ailments. The products are made with natural ingredients and are free from artificial colors and flavors.
- Hyland's, another major player in the homeopathic remedies market, launched a new line of products for stress and anxiety relief in 2021. The line includes products made with natural ingredients like passionflower and chamomile.
- The popularity of homeopathic remedies has led to the development of new delivery methods, such as gummies and lozenges. These products are more convenient and appealing to consumers who may not like the taste of traditional homeopathic remedies.
- The COVID-19 pandemic has led to an increased demand for homeopathic remedies that claim to boost immunity and prevent illness. Many companies have launched new products in response to this demand.
- The use of technology in the homeopathic remedies market is on the rise. Companies are developing apps and online platforms to help consumers find the right remedies for their needs. These tools provide personalized recommendations based on the user's symptoms and medical history.
NAICS Code 456110-12 - Homeopathic Remedies (Retail)
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