Amazon is maneuvering to become a dominant player in direct-to-consumer healthcare services, beginning with its online pharmacy and telehealth services for its employees. It may acquire more healthcare delivery outlets, such as primary care and urgent care clinics. Entrenched industry players are watching carefully.
Our Take: The nation’s biggest retailers are placing large bets on healthcare, and consumers’ newfound preference for convenient care delivery is a major reason why. Prominent retail players like CVS Health, Walgreens, Amazon, and Walmart have all expressed ambitions to significantly expand their healthcare plans in the coming years.
The remote patient monitoring market is surging, with the number of US users doubling between 2020 and 2025. Consumers, healthcare providers, payers, and pharma companies are all investing in the technology and programs to improve care and lower cost.