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Amazon looks to enter Japan's prescription drug market in 2023

Amazon looks to enter Japan's prescription drug market in 2023

Amazon would work with the small and mid-sized pharmacies in Japan.

According to a report from Nikkei, Amazon is planning to enter Japan's prescription drug sales business and is looking to launch a service in the country next year. The US-based online retail giant is seeking to expand its healthcare capabilities after it announced the acquisition of the primary care company One Medical for $3.9 billion. Customers in Japan can now avail of the service Amazon to get prescription drugs delivered rather than going to a pharmacy. The report confirms that Amazon would not operate its pharmacies or carry its inventory. It would work with the small and mid-sized pharmacies in Japan and use its delivery network to get drugs from the pharmacies to the customers' homes.

A spokesperson said Amazon is "proud of the work we've done, and will continue to invent, learn from our customers and industry partners, and hold ourselves to the highest standards as we further help reimagine the future of health care and the role Amazon can play." Japan could represent a growth opportunity for Amazon. As of 2020, there were some 60,000 pharmacies selling prescription drugs in Japan, up 10% in the past decade, Nikkei reported.


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