The main reasons why pet medicines are more expensive than medicines for humans are as follows:
1. R&D and production costs: The R&D and production costs of pet medicines are higher. Compared with human drugs, the research and development cycle of pet drugs is longer and the research and development process is more complex because it requires personalized development and production for different species. In addition, due to the relatively small number of pets and the relatively small scale of production, these factors have led to higher R&D and production costs for pet drugs.
2. Laws and regulations: Pet drugs are veterinary drugs and are produced in accordance with veterinary drug GMP standards. The production access threshold is relatively high. In order for a new drug to be approved, it needs to go through property studies, pilot trials, preclinical research, phase III clinical research, etc. The cost is as high as millions of yuan. This makes the approval and production process of pet drugs more stringent and increases the cost. production costs.
3. The supply and demand relationship in the pet medical market: As the number of household pets increases, the demand for pet hospitals also increases accordingly. However, due to the low entry threshold for pet hospitals, the industry is full of chaos, which makes the service prices of pet hospitals continue to rise. In this case, the price of pet drugs has also been affected to a certain extent.
4. Storage and sales costs: The storage and sales costs of pet medicines are also higher. Due to the special nature of pet medicine, specific storage conditions and equipment are required, which increases storage costs. In addition, because the sales volume of pet drugs is relatively small, the sales cost is also high.
To sum up, the reasons why pet medicines are more expensive than medicines taken by humans mainly include factors such as R&D and production costs, laws and regulations, the supply and demand relationship in the pet medical market, and storage and sales costs.