Home Business Amazon is eyeing the Japanese prescription market, Nikkei reports

Amazon is eyeing the Japanese prescription market, Nikkei reports

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Japan’s Nikkei reported that Amazon is considering entering the Japanese prescription drug market, with ambitions to launch a service there next year.

After announcing its planned $3.9 billion acquisition of primary care company One Medical, the plans show the US online retail giant is looking to further expand its healthcare capabilities.

According to the report, customers in Japan will use Amazon’s service to get prescriptions instead of visiting a pharmacy. Amazon will not operate its own pharmacies or maintain its own inventory, the source said. Using its distribution network, the company will partner with small and medium-sized pharmacies in Japan to deliver medicines to consumers’ homes.

Amazon is already a player in the online pharmacy industry. The company acquired startup PillPack in 2018 and turned it into a division of Amazon Pharmacy.

Amazon may have a chance to expand in Japan. As of 2020, there were 60,000 pharmacies selling prescription drugs in Japan, a 10% increase over the previous ten years, according to the Nikkei.

Amazon’s Japanese unit, which is based in Tokyo, declined to comment to Nikkei.

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