Latest news with #AmazonDiagnostics
Mint
an hour ago
- Business
- Mint
Metropolis, Dr Lal PathLabs shares dip up to 3% as Amazon enters diagnostic market
Diagnostic stocks including Metropolis Healthcare, Dr Lal PathLabs, Krsnaa Diagnostics, and Thyrocare Technologies came under pressure during Monday's trade (June 23), falling up to 3% intraday as investor sentiment turned cautious after Amazon launched home diagnostic services, intensifying competition in India's $15 billion diagnostics market. On Sunday, Amazon India announced the launch of Amazon Diagnostics — an at-home service that allows customers to book lab tests, schedule and track appointments, and access digital reports via the Amazon app — marking an expansion of its medical offerings beyond online pharmacy and teleconsultations. The service, being offered in collaboration with Orange Health Labs, will be available in Bengaluru, Delhi, Gurgaon, Noida, Mumbai, and Hyderabad, across over 450 PIN codes, the company said in a statement. Last week, the company announced that it would invest over $233 million in 2025 to enhance its India operations. While the healthcare foray is in line with Amazon's global strategy, India is the only country that has diagnostic services currently. Amazon is not the only digital player entering diagnostics. Online pharmacies like Tata 1mg, Apollo 24/7, Pharmeasy, and Netmeds have all expanded their offerings beyond medicines to include diagnostics. Industry experts believe that the diagnostics space, which has largely been unorganized and fragmented in India so far, holds significant potential due to changing consumer preferences as well as higher profit margins. 'There are three primary revenue streams in the B2C health tech space—teleconsultation, diagnostics, and pharmaceutical distribution. Of these, diagnostics remains the most significant profit pool,' Tarun Sharma, senior fund manager and healthcare and consumer strategy head at 360 ONE Asset, said. 'So, this space continues to attract competition, which means constant pricing risk. At the same time, consumers are becoming increasingly discerning about the accuracy of reports and the overall quality of their experience,' he added. Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before making any investment decisions.
Time of India
10 hours ago
- Business
- Time of India
Amazon India expands Pharmacy service, launches at-home Diagnostics: Cities lab tests service is available in and more
Amazon India has unveiled Amazon Diagnostics , a new at-home healthcare service enabling customers to book lab tests, schedule appointments, and access digital reports seamlessly through the Amazon app. The service is offered in partnership with Orange Health Labs and is available across over 450 PIN codes in Bengaluru, Delhi, Gurgaon, Noida, Mumbai, and Hyderabad. Amazon Diagnostics integrates with the company's existing Amazon Medical portfolio, which includes Amazon Pharmacy and Amazon Clinic. 'Amazon Diagnostics builds on the foundation of Amazon Medical, offering customers access to essential diagnostic services with the same ease and reliability they expect from Amazon,' an Amazon India spokesperson said in a statement. By combining diagnostics with pharmacy and clinic services, we aim to simplify healthcare delivery for millions.' Amazon Diagnostics Service Details and Features by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Russian Federation: Unsold Sofas at Bargain Prices (View Current Prices) Sofas | Search Ads Search Now Undo Amazon Diagnostics service offers over 800 diagnostic tests, ranging from routine health checkups to specialized lab tests such as Complete Blood Count (CBC) and Platelet Count. Customers can schedule doorstep sample collection, available daily from 6 AM to 9 PM, with Orange Health Labs promising sample pickup within 60 minutes of booking in select areas. Test results are delivered digitally via the Amazon app. Amazon Pharmacy, part of Amazon Medical, provides access to a wide range of prescription medications and healthcare essentials, said to be complemented by free telemedicine consultations and delivery benefits for both Prime and non-Prime members. Amazon Clinic, meanwhile, enables virtual consultations with licensed doctors for primary healthcare needs, such as common ailments and chronic condition management. How to access Amazon Diagnostics services Amazon Diagnostics is accessible exclusively through the Amazon India app, where users can browse tests, book slots, and track their appointments in real time. Amazon takes on Lal Path, Apollo and other Diagnostics services The launch comes amid a surge in demand for at-home healthcare services in India, driven by increasing health awareness and the convenience of digital solutions. Amazon Diagnostics enters a competitive market, rivaling established players like 1mg, Netmeds, and Apollo 24|7, which also offer similar diagnostic and pharmacy services. However, Amazon's vast logistics network and integration with its app ecosystem could give it a significant edge in scaling the service nationwide. Industry analysts suggest Amazon's entry into diagnostics could disrupt the market by leveraging its Prime membership base and delivery infrastructure. 'Amazon's ability to combine diagnostics, pharmacy, and telehealth under one platform positions it as a formidable player in India's healthcare space,' said Priya Sharma, a healthcare technology analyst based in Delhi. AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Time of India
19 hours ago
- Business
- Time of India
Amazon launches home diagnostic services in 6 cities through app
Amazon India on Sunday announced the launch of Amazon Diagnostics, an at-home service for customers to book lab tests, schedule and track appointments, and access digital reports through the Amazon app. The service, being offered in collaboration with Orange Health Labs , will be available in Bengaluru, Delhi, Gurgaon, Noida, Mumbai, and Hyderabad, across over 450 PIN codes, the company said in a statement. With this addition, Amazon has now integrated its existing pharmacy and clinic services under Amazon Medical . by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 5 Books Warren Buffett Wants You to Read In 2025 Blinkist: Warren Buffett's Reading List Undo "This expansion strengthens the foundation of Amazon Medical by building on the existing service of Pharmacy and Clinic. With Amazon Pharmacy , customers get access to a wide range of prescription medications and healthcare essentials, along with a free telemedicine consultation service and delivery benefits for Prime and non-Prime members. Amazon Clinic enables customers to consult licensed doctors for a range of primary healthcare needs through a seamless digital experience," Amazon said. Amazon Diagnostics will offer over 800 diagnostic tests and doorstep sample collection within 60 minutes.
