Amazon recently created an online pharmacy service in Bangalore, India. The new online pharmacy is titled Amazon Pharmacy, and it has already started to fulfill orders for both prescription products and others. Amazon also released a statement about how the service can help maintain social distancing, "This is particularly relevant in present times as it will help customers meet their essential needs while staying safe at home."
The e-commerce giant has been attempting to expand into pharmacy services for some time and has also hired a number of health experts. Additionally, Amazon also acquired an online startup company named PillPack in 2018, in a $1 billion USD deal. For Amazon, expanding into pharmacy delivery provides a new revenue stream.
Regional Online Pharmacy Launches
Amazon is Creating an Online Pharmacy Service in In Bangalore
Trend Themes
1. Online Pharmacy Services - Creating an online pharmacy service provides a disruptive innovation opportunity for businesses to tap into the growing demand for convenient and contactless healthcare solutions.
2. E-commerce Expansion - Expanding into pharmacy services allows e-commerce companies to capitalize on the increased demand for online shopping and position themselves as one-stop platforms for all customer needs.
3. Healthcare Technology Integration - Integrating health experts and acquiring online startups in the healthcare industry offers businesses the chance to combine technology and expertise to provide comprehensive digital healthcare solutions.
Industry Implications
1. E-commerce - The e-commerce industry can leverage online pharmacy services to diversify revenue streams and enhance customer loyalty by offering convenient healthcare solutions.
2. Pharmaceutical - Pharmaceutical companies can explore partnerships with online pharmacy services to expand their reach and cater to a wider customer base through digital platforms.
3. Healthcare Technology - Healthcare technology companies can collaborate with online pharmacy services to integrate their solutions and enhance the overall digital healthcare experience for patients.