1. Amazon expands online pharmacy to include pet medications. 2. Hundreds of pet prescriptions added, with delivery times of two to six days. 3. Aims for nearly half of U.S. to have speedy delivery by 2025. 4. Competitors include Chewy and Walmart in pet medication space. 5. Amazon's healthcare offerings also include One Medical acquisition.
The expansion into pet medications opens a new revenue stream, similar to past services. Historical expansions, like those into grocery, positively impacted stock performance.
Entering the pet pharmacy market meets growing demand and strengthens Amazon’s healthcare ecosystem, essential for future growth.
Continued growth in healthcare can enhance Amazon's market position and profitability over time. Past investments in health tech have shown sustained returns.