Amazon launches Amazon Pharmacy for prescription medicine delivery.

Amazon has finally launched Amazon Pharmacy, its online and mobile prescription drug ordering and fulfillment service. This business was created following the company's $753 million acquisition of Pill Pack two years ago. Through their new service called Pharmacy, customers have the convenience of managing their prescriptions, choosing payment options, and adding their insurance information, all on Amazon's platform. Amazon is taking another step into the healthcare industry by providing self-service help tools and phone consultations for customer convenience.

Friendly and knowledgeable pharmacists are available 24/7 to answer questions about medications. After launching its own line of over-the-counter drugs in 2019, Amazon takes the next step to dominate the healthcare industry. Its latest move is arguably the broadest push into the healthcare industry, which will open some very large new revenue opportunities for the company.

The COVID-19 pandemic has been pushing consumers to seek out remote care, and Amazon knows that there is demand for all types of shopping online. Amazon pharmacies are not just in the U.S.; they are worldwide.

The online pharmacy industry is projected to hit revenues of $131 billion by 2025 worldwide. Prescription drugs have been estimated to be a $904 billion industry this year, growing to nearly $1.3 trillion by 2025.