Tech giants like Apple Inc. (NASDAQ:AAPL) and Google Inc (NASDAQ:GOOGL) are now in a race to launch embedded Healthcare systems in their hardware and software products. Apple Inc. (NASDAQ:AAPL)’s iPhone 6 is reported to have a complete Health suite known as HealthKit in its iOS 8 to facilitate the users to track all the health related activities. Google Inc (NASDAQ:GOOGL) is also working on diffident products to track blood sugar and eye health. There is one company which is expected to jump in this race very soon: Amazon.com, Inc. (NASDAQ:AMZN). In an article on Forbes, Dan Diamond referred to a report by Darius Tahir, which claims that recently, Amazon’s representatives met with Food and Drug Administration (FDA) officials.
Diamond said that there is a high possibility that Amazon.com, Inc. (NASDAQ:AMZN) is starting to peruse the healthcare market and planning to launch something big in the health-related product line or services. In 2013, Apple Inc. (NASDAQ:AAPL) held a meeting with FDA, after which, it announced its major plans for Healthcare industry. Companies like Apple and Google had to meet to mine out some issues regarding healthcare regulations and policies.
Diamond thinks that Amazon.com, Inc. (NASDAQ:AMZN) has the potential to deliver in the Healthcare market. It has a Fire Phone under its belt to roll out Health related features. It has also launched a wearable technology store where activity trackers and smart watches can be bought and sold.
Amazon Web Services hosts electronic health records in its Cloud infrastructure. Amazon’s CEO, Jeff Bezos has a special interest in Healthcare startups and invested a lot in the health related companies in the recent years. Amazon.com, Inc. (NASDAQ:AMZN) has hired Dr. Babak Parviz, the inventor of Google Inc (NASDAQ:GOOGL)’s Glass and Novartis Smart contact lenses. These things point towards Amazon’s plans in the healthcare industry very strongly.
Ken Fisher is one of the biggest shareholders of Amazon.com, Inc. (NASDAQ:AMZN), having approximately 2,466,455 shares in the company.
Disclosure: None
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