{"id":489,"date":"2023-08-18T11:54:41","date_gmt":"2023-08-18T11:54:41","guid":{"rendered":"https:\/\/blog.medkart.in\/blog\/2023\/08\/18\/why-branded-medicines-are-expensive-cldvnpm8x672891kte5kehs4y2\/"},"modified":"2023-08-18T11:54:41","modified_gmt":"2023-08-18T11:54:41","slug":"why-branded-medicines-are-expensive-cldvnpm8x672891kte5kehs4y2","status":"publish","type":"post","link":"https:\/\/www.medkart.in\/blog\/why-branded-medicines-are-expensive-cldvnpm8x672891kte5kehs4y2\/","title":{"rendered":"Why branded medicines are expensive?"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-6826 size-large\" src=\"https:\/\/www.medkart.in\/blog\/wp-content\/uploads\/2023\/08\/Why-branded-medicines-are-expensive-1024x769.jpg\" alt=\"Why branded medicines are expensive\" width=\"1024\" height=\"769\" \/><\/p>\n<p>Branded medications can be more expensive than generic medications for a variety of reasons:<\/p>\n<p><span style=\"background-color: inherit;\">Research and development: Developing a new medication is a complex and expensive process. It can take many years and millions of dollars to research and develop a new drug. This cost is often passed on to consumers in the form of higher prices for the branded medication.<\/span><\/p>\n<p>Marketing and advertising: Branded medications often have a significant marketing and advertising budget, which can also contribute to the overall cost of the medication.<\/p>\n<p>Patents: When a new medication is developed, the company that developed the drug is granted a patent. This gives the company exclusive rights to sell the drug for a certain period of time. Once the patent expires, other companies can start selling generic versions of the drug, which are typically less expensive.<\/p>\n<p>Limited competition: In some cases, a branded medication may be the only treatment option available for a particular condition, which can allow the company to set a higher price for the medication.<\/p>\n<p>You can download Medkart app and find cost effective medicines on your fingertips.<\/p>\n<p><!-- StartFragment --><\/p>\n<p><!-- EndFragment --><\/p>\n<p>To know more watch \u2013 https:\/\/youtube.com\/shorts\/Kop2tfT1G4I<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Branded medications can be more expensive than generic medications for a variety of reasons: Research and development: Developing a new medication is a complex and expensive process. It can take many years and millions of dollars to research and develop a new drug. This cost is often passed on to consumers in the form of [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[432],"class_list":["post-489","post","type-post","status-publish","format-standard","hentry","category-generic-medicine","tag-why-branded-medicines-are-expensive"],"_links":{"self":[{"href":"https:\/\/www.medkart.in\/blog\/wp-json\/wp\/v2\/posts\/489","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.medkart.in\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.medkart.in\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.medkart.in\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.medkart.in\/blog\/wp-json\/wp\/v2\/comments?post=489"}],"version-history":[{"count":0,"href":"https:\/\/www.medkart.in\/blog\/wp-json\/wp\/v2\/posts\/489\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.medkart.in\/blog\/wp-json\/wp\/v2\/media?parent=489"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.medkart.in\/blog\/wp-json\/wp\/v2\/categories?post=489"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.medkart.in\/blog\/wp-json\/wp\/v2\/tags?post=489"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}