In the last decade, a medical product’s brand has been in a bit of a downward spiral on Amazon. This is a good thing! The company has been a bit of a “bargain bin” seller for a long time now, and this has brought a nice sense of community and support to the industry. This is one of the reasons why medical products companies are the way they are and why some of them are so successful.
The problem is that with the recession, it’s harder for companies to make money. Medical companies have to make sure they stay relevant with the public, and so far, Amazon has not paid that cost. This is one of the reasons why the medical products industry is a bit of a mess. But Amazon has a huge advantage here: It has a ton of medical products to sell, and this is one of the most competitive markets in the world.
Amazon does have a massive medical product catalog and a huge customer base. So their customers don’t necessarily care about the quality of the medical products they buy, but they do care about the price. This is why even a company like Walgreens can get away with selling a lot of their products at a discount.
I don’t really know how Amazon’s medical products catalog is doing, but I have a feeling it’s doing well. It doesn’t make sense for Amazon to be selling $100,000 medical devices for less than $20. But they are. They just don’t have a massive catalog of products.
I bet there are a lot of Amazon customers who are just not aware that they can get great medical devices at cheaper prices than Walgreens.
For those of you who aren’t aware, Walmart is very very close to Amazon, so I’d personally like to see them grow their sales to be more sustainable.
So if we take Walmart out of the equation, then it becomes clear that Amazon is doing pretty well in the medical device space. Not that Amazon is on the level of Walgreens, but I bet that a significant portion of Amazon customers are Amazon customers.
Amazon isn’t that far behind. They have more than doubled their sales in the medical device space since 2010.
I think the big issue is that Amazon’s growth has been driven by big-box retailers. Big retailers are more likely to support Amazon’s new model. That’s probably why Walmart is so happy with Amazon, because they have a lot of the same customers and they are likely to try to emulate Walmart’s model.
Ive never really been a fan of Amazon. Ive never seen the product, and Ive never tried it. But I have seen the sales numbers. The number of products sold is huge. Amazons sales have quadrupled since 2010, and it isnt hard for a major retailer to figure out that the sales numbers will grow even more. We are seeing that in the medical device space. Amazon’s health care stores are in the same league with Walgreens.