In India, the market for online pharmacies is flourishing. Relatively untouched before the coronavirus pandemic, the outbreak has accelerated the businesses of digital healthcare and telemedicine companies. And now two big players have entered the market: Reliance Industries, India’s biggest company according to Forbes 2020 Global 2000 list, has spent $83 million to buy the digital healthcare company Netmeds, which supplies medicines and arranges doctor’s appointments for 5.7 million customers. In addition, Amazon, already a dominant e-commerce player in India, recently launched prescription and over-the-counter drug delivery services in Bangalore.
And the market is more than promising: more than 6 million new households have used virtual pharmacy services during the pandemic, according to a report by the Federation of Indian Chambers of Commerce and Industry (FICCI) and RedSeer Consulting.
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