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Home / Health / Amazon considering online prescriptions

Amazon considering online prescriptions

Amazon usually checks new product strains in non-U.S. markets, earlier than it assesses whether or not to roll it out within the home market. The corporate examined its secret drone-delivery program in Canada, as an example.

In america alone, greater than 4 billion prescriptions are ordered yearly. In 2015, sufferers, insurance firms and different payers spent an estimated $300 billion on pharmaceuticals.

For Amazon, it is a profitable market that may require navigating a wide range of current gamers. For customers with a excessive greenback deductible, Amazon might sometime be a go-to vacation spot to buy medicine.

“I believe Amazon would introduce a whole lot of transparency to what medicine actually value,” mentioned Stephen Buck, a well being entrepreneur and co-founder of GoodRx, a service that guarantees to save lots of customers on the value of prescriptions. Buck sees a slew of potential alternatives for Amazon, together with a product that competes with pharmacy advantages administration giants like Specific Scripts and CVS Well being.

Buck estimates that it is a $25 billion to $50 billion market alternative for Amazon, if executed effectively. However the firm would additionally face challenges getting into a regulated market. “Prescription switch legal guidelines and e-prescribing make it slightly harder than placing one thing in a cart and testing,” he mentioned.

Amazon beforehand backed a “dotcom” darling referred to as within the late 1990s, with CEO Jeff Bezos taking up a director function. At the moment, it was speculated that Amazon might carve out an enormous chunk of the prescription and over-the-counter drug gross sales market. later offered to Walgreens, which ultimately shut it down.

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