Price Changes in Medicine and Healthcare During COVID-19

By GrowByData Content Team

Price Changes in Medicine and Healthcare During COVID-19. GrowByData.

This article was originally published by Total Retail on June 2nd, 2020.

Consumer behavior has changed across e-commerce platforms due to panic and frenzy caused by the virus which has led to a change in how sellers adjust their prices as well. GrowByData collected and analyzed the data of its clients and their competitors on Amazon and Google Shopping over the past five months to see whether changes in pricing correlated with consumer behavior.

We found that the general trend across all markets indicates sellers are not making huge price adjustments to their products yet but when we look at just the health and medical industry, we clearly see the impact COVID-19 has made.

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