IDEAS home Printed from https://ideas.repec.org/a/cbu/jrnlec/y2021v6p49-60.html
   My bibliography  Save this article

Traditional Herbal Medicinal Products Market Analysis And Its Authorization In Romania

Author

Listed:
  • DIANA-MARIA CHIS

    (BABES-BOLYAI UNIVERSITY, FACULTY OF ECONOMICS AND BUSINESS ADMINISTRATION, DEPARTMENT OF FINANCE, IULIU HATIEGANU UNIVERSITY OF MEDICINE AND PHARMACY CLUJ-NAPOCA)

  • EMIL LUCIAN CRISAN

    (BABES-BOLYAI UNIVERSITY, FACULTY OF ECONOMICS AND BUSINESS ADMINISTRATION, DEPARTMENT OF MANAGEMENT, UNIVERSITY OF MEDICINE AND PHARMACY CLUJ-NAPOCA)

  • ALIN ADRIAN MIHAILA

    (BABES-BOLYAI UNIVERSITY, FACULTY OF ECONOMICS AND BUSINESS ADMINISTRATION, DEPARTMENT OF MANAGEMENT)

Abstract

Traditional herbal medicinal products are recognized across the world as the continuation of the old treatments developed by different civilizations in time. This paper is an investigation on how these products are authorized in Romania in comparison to other European countries. Both literature review and secondary analysis are performed in order to identify the trends concerning the authorization of these products. Our study provides results concerning the increased interest concerning these products in Romania and other European Countries. For Romania, the numbers concerning TUR (traditional use registrations) are rather low, but exceeded Lithuania, Estonia and Slovakia. Romania received only 5% of the total CEE countries applications, with only 0,2% of the total CEE countries’ granted applications. Considering the WEU MA (well-established use marketing authorizations) number, Romania showed one of the highest numbers, along with Czech Republic, Poland and Lithuania. Romania received 14% of the total CEE countries applications, with 11% of the total CEE countries’ granted applications. In 2020, both exports and imports of medicinal and pharmaceutical products, including traditional herbal medicinal products, increased in the vast majority of the EU Member States, despite the general decrease in trade due to the restrictive measures taken in response to the COVID-19 outbreak. As the majority of EU countries, Romania registered a general decrease in trade in goods, but reported an increase of imports (approximately +10%) and an increase of exports (approximately +7%) in medicinal and pharmaceutical products, including traditional herbal medicinal products.

Suggested Citation

  • Diana-Maria Chis & Emil Lucian Crisan & Alin Adrian Mihaila, 2021. "Traditional Herbal Medicinal Products Market Analysis And Its Authorization In Romania," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 6, pages 49-60, December.
  • Handle: RePEc:cbu:jrnlec:y:2021:v:6:p:49-60
    as

    Download full text from publisher

    File URL: https://www.utgjiu.ro/revista/ec/pdf/2021-06/07_Chis.pdf
    Download Restriction: no
    ---><---

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:cbu:jrnlec:y:2021:v:6:p:49-60. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Ecobici Nicolae The email address of this maintainer does not seem to be valid anymore. Please ask Ecobici Nicolae to update the entry or send us the correct address (email available below). General contact details of provider: https://edirc.repec.org/data/fetgjro.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.