[CHART] Would consumers use an Amazon pharmacy over their current pharmacy?

Fully understand big tech in healthcare with this chart.

Big Tech in Healthcare Report Snapshot More than half of US consumers say they would ditch their current pharmacy for Amazon… Amazon's $1 billion deal to acquire online pharmacy startup PillPack is bad news for CVS, Rite Aid, Walgreens, and other pharmacies. The majority of respondents (57%) in an exclusive Business Insider Intelligence survey said they would use a pharmacy service offered by Amazon over their current pharmacy. Amazon's strengths are price, product selection, and delivery speed — all of which could be applied to retail pharmaceuticals. While it's unclear how Amazon aims to use PillPack, we think consumers anticipate lower prices and convenience. Amazon still has a number of hurdles to overcome before offering a full-fledged pharmacy service. For instance, Amazon could have trouble forging relationships with pharmacy benefits managers who could see Amazon's entry into the pharmaceutical market as a direct threat. Access Full Chart Data → * This chart was taken from Business Insider Intelligence's Digital Health coverage, which is available to all subscribers. You can get full access to this chart as well as other timely updates when you sign up today. Here are some other key points from this coverage: CVS, Walgreens, and Rite Aid face the greatest risk from Amazon's potential foray into the retail pharmacy market. More than two-thirds (69%) of respondents who selected CVS as their primary pharmacy said they would switch to a pharmacy offered by Amazon. Walmart also faces significant risk, but it's better positioned than its rivals. More than a third (36%) of respondents who identified Walmart as their primary pharmacy said they'd switch to Amazon. Still, two-thirds (64%) said they wouldn't switch. An Amazon-run pharmacy service could also entice non-pharmacy users. Sixty-one percent of respondents who don't use pharmacies said they would use a pharmacy service offered by Amazon. Subscribe risk-free to view the full analysis Here's a summary of what you'll receive when you subscribe to Business Insider Intelligence today: More than 250 immediately accessible research reports and data-sets. Dozens of new reports over the next 12 months. Insightful newsletters and charts about everything important taking place within your industry. 14-day money back guarantee period so you can access all of the above risk-free! Other chart highlights you don't want to miss US physicians are concerned virtual care will cause medical errors, privacy issues Physicians' concerns around privacy, security, and potential medical errors are… Access Full Chart Data → Why US providers need to focus on improving the patient experience US healthcare providers aren't doing enough to appease consumers and that's bad news for… Access Full Chart Data → These are just a few of the charts made available to Business Insider Intelligence subscribers. To ensure that you have access, simply subscribe to Business Insider Intelligence today. You'll have instant access to hundreds of charts like these, daily briefings in eight key coverage areas, and a members-only Research Center filled with insightful reports. Or, if you'd like to learn more about our upcoming Digital Health coverage, click here to sign up for our Digital Health newsletter. Subscribe risk-free to view the full analysis Copyright © 2018 Business Insider, Inc. All rights reserved.

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