The king of electronic business has set aside its healthcare business. Amazon gave up the plan of selling and distributing pharmaceutical products, Though it was planning to be in the healthcare sector for a whole year, according to people familiar with the matter.
supplies to small hospitals and clinic
Amazon finds the business very challenging nowadays. And, it just sells typical medical supplies to small hospitals and clinic. Supplying medical and pharmaceutical products to the hospitals such tough that giant corporation like Amazon has to struggle.
As a matter of fact, setting aside the plan of entering the healthcare sector is actually a setback. Moreover, it’ll just take more time to be back in the business, as experts opine. On the other hand, previously, medical supplies companies’ stock prices were taking the plunge because of the spread of the news.
why is Amazon taking time to be in the healthcare sector?
A relevant question arises that why is Amazon taking time to be in the healthcare sector? According to the analysts studying the news, Amazon couldn’t convince big hospitals yet. Big hospitals still do business traditionally. Middlemen and loyalty relationship are still the lifeblood of business of medical products supply.
In fact, the next challenge for Amazon is, building a logistics network dedicated to the pharmaceutical industry.