Irrespective of how you might view these, the fact remains that pharmaceuticals and nutraceuticals are both billion dollar opportunities.
Despite this glaring fact, a good number of people who intend investing into these market, ponder over the various differences between these two product segments.
Well in a nut shell, pharmaceuticals are man-made substances, made from the rudiments of natural substances which the body needs in order to function effectively and efficiently. They are also responsible for the provision of the various body ingredients, fight diseases and ensure good health. These substances have curative and therapeutic properties that relieve a diseased condition.
Innovations in Pharmaceuticals have contributed immensely to the nutraceutical section of the health and fitness market.
Despite the numerous similarities between these two industries, there are still considerable differences between them.
In this piece of write up we will explicitly explore the numerous differences between pharmaceuticals and nutraceuticals. This will be done from a manufacturer’s point of view.
By comparing the differences between these two product categories, we will realize that both pharmaceuticals and nutraceuticals have other attributes attached to them apart from their numerous health benefits. These include topics on:
Marketing Regulations and Limitations
For someone trying to invest into these products, end user analysis is of optimum importance.
Advantages and Disadvantages
The biggest disadvantage of pharmaceutical products is its ability to create unwanted side effects.
Surprisingly, not all side effects are tagged negative effects else many pharmaceuticals wouldn’t be marketable. Side effects are predominately present in all pharmaceuticals but the way in which the human body reacts to it, is of optimum importance. An instance can be seen in Viagra drug was a cardiac drug.
One advantage of the pharmaceutical manufacturing companies is that they try as much as possible to research and develop drugs with constituents not readily available in other natural resources.
This enables us fight diseases that are naturally incurable
Aids in providing medications not naturally available
Aids in weight loss
May contain some negative effects
The advantages of using nutraceuticals, is not farfetched from the fact that there are not side effects attached to its usage. This superb attribute makes it an ideal commodity for consumers to consume. It’s an excellent substitute for people who experience numerous negative side effects from the use of pharmaceuticals.
Its disadvantage can be seen in its limited availability. This is quite unlike the pharmaceuticals, which are naturally occurring constituents.
It has no side effects.
Its availability is limited owing to its unavailability in nature.
Advantages and Disadvantages of Regulations in Pharmaceuticals and Nutraceuticals
Regulations pose an enormous difference between Pharmaceuticals and Nutraceuticals. Before one can make use of Pharmaceuticals they need to get a doctor’s prescription, the reverse is the case with nutraceuticals as no prescriptions are required.
The difference between these two product categories is solely dependent on the end user. Although most pharmaceuticals, require the guidance of a doctor before it could be administered, nutraceuticals as the opposite, as they do not require a doctor’s supervision before usage.
- Pharmaceuticals are ingested at higher levels when used under the guidance of a doctor’s prescription.
- They are available in predefined dosages owing to the advancement in technology.
- A good number of people detest going to the doctor.
- Nutraceuticals eliminates health threats by providing preventive measures.
- Nutraceuticals are sometimes made available in the required dosages.
- Nutraceuticals are sometimes made available in higher dosages.
Some Marketing Limitations of Pharmaceuticals and Nutraceuticals
Pharmaceuticals are some scientific commodity produced from scientific research in order to alleviate the various human health conditions.
Different countries have different regulatory bodies responsible for the regulations of nutraceuticals products. It limits its contents, its label requirements and the product specifications. For instance the FDA, mandates all nutraceuticals production company to have a disclaimer stating that the product is a supplement and not a medication in the USA. FSSAI has a similar set of guidelines applicable in India.
Pharmaceuticals have justified claims owing to scientific and medical researchers.
Nutraceuticals are not backed by any medical or scientific research thereby limiting the manufacturers claim on the products efficacy.
Nutraceuticals has no specific usage for the treatment of any alignment as opined by FDA regulations.
By law, nutraceuticals cannot claim a product to be a medication irrespective of the fact that the product might be a medication.
There are quite a number of numerous differences between pharmaceuticals and nutraceuticals. But irrespective of the vast differences, there are situations where both are used to achieve set objectives.
For instance nutraceuticals can be used as a substitute to pharmaceuticals in cases where the pharmaceuticals have some negative effects.
This is because when the human body which uses nutrients in the creation of chemicals needed for the proper functioning of the system, fails to produce these nutrients, a preventive measure is meant to be put in place to avoid in growth of diseases.
A good number of customers expect nutraceuticals to be able to cure diseases since it has the ability to prevent its growth.
While with pharmaceuticals, they expect treatment and not prevention.
Same is applicable with some common diseases like cardiac and diabetes. Researchers have opined that some of these diseases are caused due to excessive of some pharmaceuticals.
Most times we keep asking ourselves if we need pharmaceutical to take care of our health alignments or nutraceutical to prevent these alignments.
The fact remains that both pharmaceutical and nutraceutical have their various health benefits. While the pharmaceutical helps to ensure a healthy body, the nutraceutical helps in preventing and recovering the body’s lost nutrients.
There are numerous health benefits associated with the use of nutraceuticals while that of pharmaceutical is invariably vast.
Nutraceuticals are pretty much cheaper than pharmaceutical owing to the fact it doesn’t require a doctor’s prescription before it can be administered. Also, Nutraceuticals do not require clinical trials to be done before a product/ formulation is commercialized.