Development of US and Chinese Retail Giants in the Healthcare Sector Puts Consumers in the Drivers’ Seat

Taking globalization to another level is the development of US and Chinese retail giants like Amazon and Alibaba in the health care sector. With Amazon achieving the market cap of staggering USD 1 trillion for the first time, it has spread its footprint into the health care sector. The U.S. health care alone comprises of $3 trillion dollars. This research report titled “Development Of US And Chinese Retail Giants In The Healthcare Sector-  ” has been included in the exhaustive research repository of Market Research Hub (MRH).

Startups and reputed brands are bringing revolution in the medical industry through the use of technology like artificial intelligence (AI). The traditional healthcare companies are facing tough times from retail giants like Amazon, Alibaba and startups. Amazon has joined forces with JPMorgan Chase and Berkshire Hathway with the view to provide cost-efficient high-quality healthcare. On the other side, Google has invested in Verily Life Science; the latter is developing a smart lens program which will monitor glucose levels. Alibaba is into investment and Amazon is focusing in acquisitions. The former invested $ 1.4 billion in healthcare sectors in May 2018. This has been bolstered by the estimation that China health care sector will invest $1 trillion by 2020 vis-à-vis $357 billion in 2011. To stay abreast in the market, Alibaba penetrate its hold in O2O prescription drug services. Further, the focal point of retail giants are prescription drugs and medical insurance which has promising signs for the growth of the market.

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The company’s share of Walgreens took a hit when it was taken over by Pessina in the last quarter of 2014. Walgreen has added telemedicine services to improve existing medical care services. The other healthcare giant, CVS is looking for business diversification by integrating Pharmaceutical, medical and insurance services.

Development of US and Chinese Retail Giants in the Healthcare Sector: Report Content

The study of this report gives a thorough analysis on the expansion of retail giants’ network in the health care sector. Furthermore, the report gives an in-depth analysis with regards to market size— production, value, consumption and exports. Essentially, the report peruses major drivers, restraints, trends, predominant players in the market and product categories along with market estimation.

The report also delves into acquisitions and investments by retail giants in the health care sector. The report furnishes qualitative and quantitative information comprising of market size and market share. The report also delineates prominent players in the health care industry and thereby provides a coherent analysis on financial metrics of the retail giants.

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The scope of the report is to provide an unbiased and authentic analysis with the textual and graphical analysis.

The report begins with the executive summary which highlights market size in terms of revenue, market value and production. In addition, an exhaustive analysis of the competitive landscape highlights profiles of eminent players in the global market space. Moreover, the report also assesses the strategic moves, areas of interest, and developments undertaken by major players in the market.

Development of US and Chinese Retail Giants in the Healthcare Sector: Research Methodology

A coherent research methodology has been embraced for this report. Moreover, comprehensive secondary research and primary research have been done for providing the most accurate information in the health care sector.

The report focuses on saving time of clients in conducting entry-level research by growth of the market, size and prominent players. The analysis of Porter’s Five Forces has been done to decide the attractiveness and competitive intensity of the retail giants in health care sectors.

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