Amazon India enters the online pharmacy business

▴ amazon-india-enters-online-pharmacy-business-launches-at-bangalore
Now Amazon enters the online pharmacy business due to the response it got during the lockdown and post lockdown period

Amazon India, an e-commerce firm, rolled out Amazon Pharmacy, foraying into the online medicine segment that has significant gained momentum during the COVID-19 led lockdown and even after unlocking.

The service has been initially introduced in Bengaluru and company plans to conduct pilots in other cities too going forward.

This is on the back of Government imposed lockdown and social distancing to prevent COVID-19 from spreading, customers have move to online consultation, treatment, medical tests, and medicine delivery. There is huge demand seen by healthcare start-ups Practo, NetMeds, 1mg, PharmEasy and Medlife along with increase funding activity, like ed-tech platforms, which outperformed all other sectors among start-ups.

The service, "Amazon Pharmacy", will offer both over-the-counter and prescription-based drugs, basic health devices and traditional Indian herbal medicines, the company said in a statement, without giving a timeline for the launch.

The move comes amid increasing competition in India with rivals Walmart-owned Flipkart, billionaire Mukesh Ambani's upstart online grocery service JioMart and a range of other smaller players.

Last month, the company decided to open 10 new warehouses in India and start offering auto insurance. Amazon had also secured clearance for alcohol delivery in one Indian state, Reuters reported in June.

“As a part of our commitment to fulfil the needs of customers, we are launching Amazon Pharmacy in Bengaluru allowing customers to order prescription-based medication in addition to over-the-counter medicines, basic health devices and Ayurveda medication from certified sellers. This is particularly relevant in present times as it will help customers meet their essential needs while staying safe at home," an Amazon spokesperson said.

India’s digital health market will increase to US$ 4.5 billion in this financial year, compared with US$ 1.2 billion in FY20, as per the data by RedSeer Consulting. It is estimated that the market of the digital health will expand to US$ 25 billion in FY25, compared with its pre-COVID estimate of US$ 19 billion. The largest majority will be held by medicine delivery segment.

There has been increase in user interest and demand post COVID that is seen by bigger healthcare firms like Practo, 1mg, Medlife, PharmEasy, Netmeds as well as smaller start-ups like BeatO and mfine, as people spend on boosting their immunity, treat illnesses through online consultations and buy medicines online.

Mfine, a Bengaluru-based on-demand healthcare service, have grown 3-4 times in recent months. E-health platform Practo Technologies too registered a 600 per cent growth in online consultations since the lockdown started in March, with 70 per cent of all users being first-time telemedicine users and 45 per cent from smaller cities.

Several countries are trying to shift healthcare delivery on to the internet, incentivise telemedicine, encourage online medicine bookings and use chatbots to answer patient queries.

Tags : #AmazonPharmacy #NetMeds #1mg #Mfine #PractoTechnologies #Chatbots #PharmEasy #AmazonPharmacyBangalore #edlife #MukeshAmbani #JioMart #OnlinePharmacy

About the Author


Team Medicircle

Related Stories

Loading Please wait...

-Advertisements-




Trending Now

Shattering Boundaries in Gynecological Surgery: Dr. Manjula Anagani Pioneers the Hugo™ RAS System in Asia-PacificApril 12, 2025
Moscow Scientists Develop Advanced Liver Phantom for Radiologists TrainingApril 11, 2025
Sightsavers India and GSVM Medical College, Kanpur Partner to Strengthen Ophthalmology Training Through Infrastructure Development and Skill BuildingApril 11, 2025
Sweating to Death: The Dark Side of India's Blistering SummerApril 10, 2025
When Zoning Out Makes You Smarter: The Surprising Truth About Mental DriftApril 10, 2025
Parkinson's Disease: A Growing Concern with Early Onset Cases Rising in IndiaApril 10, 2025
When the Womb Turns Against the Mind: The Shocking Cost of Gestational DiabetesApril 10, 2025
Introducing Atlan® A100 - Dräger’s Latest Innovation in Anaesthesia WorkstationsApril 10, 2025
April 10, 2025
Hinduja Foundation and Gulf Oil Lubricants India Ltd. Install 500 LPH Water ATM in Chotila, Rajkot to Provide Safe Drinking Water for Communities and TruckersApril 10, 2025
Our Brain's Hunger Games: How Mental Cravings Attack ImmunityApril 09, 2025
Inhale Anxiety, Exhale Joy: Is Air Pollution Ruining Mental Health?April 09, 2025
Are You Slowly Killing Your Brain: Habits That Steal Your Memory, Mood, and Mental StrengthApril 09, 2025
Baby & Mom Retail Launches it's New Healthcare Equipment Brand CORVELLApril 09, 2025
Wellbeing Nutrition unveils a new campaign with their Brand Ambassador, Sharvari, Celebrating the power of “Beauty Within”April 09, 2025
Given the rise in heart attack cases in womenApril 08, 2025
CARE Hospitals Marks World Health Day 2025 with ‘Walk for a Healthy Beginning’ at CharminarApril 08, 2025
Cancer, Obesity, Mental Health, India’s top health concerns: Ipsos Health Service Report 2024 April 08, 2025
Why Loneliness Might Be the Real Reason You're Always Falling SickApril 08, 2025
Is Your Beverage Choice Secretly Harming Your Mind?April 08, 2025