aromatherapy & natural health magazine

The worldwide magnet therapy industry totals sales of over a billion dollars per year,[11][12] including $300 million dollars per year in the United States alone.[15]

A 2002 U.S. National Science Foundation report on public attitudes and understanding of science noted that magnet therapy is "not at all scientific."[20] A number of vendors make unsupported claims about magnet therapy by using pseudoscientific and new-age language. Such claims are unsupported by the results of scientific and clinical studies.[17]
[edit] Legal regulations

Marketing of any therapy as effective treatment for any condition is heavily restricted by law in many jurisdictions unless all such claims are scientifically validated. In the United States, for example, U.S. Food and Drug Administration regulations prohibit marketing any magnet therapy product using medical claims, as such claims are unfounded