1. High R&D and manufacturing costs: The R&D and manufacturing process of pet medicines is complicated and requires rigorous scientific research and clinical trials, and these processes cost a great deal of manpower, material and financial resources. At the same time, the equipment and technology investment in the production of pet medicines is also higher, all of which will lead to an increase in costs.
2. Niche market: The market for pet medicines is small compared to human medicines. Suppliers need to generate returns from selling pet medicines, and also take into account the costs of R&D and production, so prices are relatively high.
3. Legal and regulatory constraints: The development, manufacture and sale of pet medicines need to comply with strict legal and regulatory requirements. These requirements include approval, registration, and possession of appropriate licenses. These procedures and applications take time and money, and can increase the cost of pet medicines.
4. Import link costs: Some pet medicines need to be imported to be available in Taiwan. The import channel involves factors such as tariffs, currency exchange rates, transportation costs, and storage costs, all of which add to the cost of pet medicines.
It should be noted that the above are generally the reasons for the higher price of pet medicines in Taiwan, and the specific price will also be affected by the market supply and demand, the degree of competition and the culture of pet parenting. At the same time, you need to pay attention to choosing regular channels and consulting professional veterinarians for advice when purchasing pet medicines to ensure the safety and health of your pets.