Medical Supply Delivery Service Market - Forecast(2024 - 2030)
Medical Supply Delivery Service Market Overview
Medical Supply Delivery Service Market size was estimated at $48 billion in 2020, growing at a CAGR of 6.1%
during the forecast period 2021-2026. Medical supply delivery service refers to
medical-related services that include healthcare logistics that are disposable or
semi-disposable and non-reusable and are used at a healthcare institution or
home. Urine, medicine, blood, and equipment are examples of
medical drug supplies that can be transported from one location to another.
Medical
samples are time-sensitive and require an immediate transfer between doctors,
clinics, and hospitals, making this a critical market. There are two modes of
services such as courier and drone. Medical drones provide rapid assistance,
reducing travel time to the patient, reducing problems in the injured due to a
short time to wait for rescue, support, and enhancement of medical emergency
teams' fundamental operations. The growing need for rapid transportation and
delivery of drugs and medical supplies during emergencies is the major factor
driving the growth of the market. Increasing demand for faster and
cost-effective delivery of samples is set to further enhance the overall market
development of the Medical Supply Delivery Service Market for the period
2021-2026.
Medical Supply Delivery Service Market Report Coverage
The report: "Medical Supply Delivery Service
Market Forecast (2021-2026)", by Industry ARC, covers an
in-depth analysis of the following segments of the Medical Supply Delivery Service Market.
By Mode of Service: Drone Delivery and Courier Delivery
By Application: Medical Supplies, Drugs Supplies, Emergency Services, and Lab Specimens
& Reports.
By End-User:
Hospitals,
Clinics, Diagnostic Laboratories, Blood Banks, Pharmaceutical and Medical Device Companies
and Others.
By Geography: North America
(U.S., Canada, Mexico), Europe (Germany, U.K., France, Italy, Spain, Russia,
and Rest of Europe), Asia Pacific (China, Japan India, South Korea, Australia,
and New Zealand, and Rest of Asia Pacific), South America (Brazil, Argentina,
and Rest of South America), and Rest of the World (Middle East, and Africa)
Key Takeaways
- North America dominated the Medical Supply Delivery Service Market in 2020 owing to the increasing adoption of new technologies in this region. The Medical Supply Delivery Service Market scope for different regions will be provided in the final report.
- Increasing demand for emergency medical services owing to the rise in road accidents is set to aid the market growth of the Medical Supply Delivery Service Market report.
- Detailed analysis of the Strength, Weaknesses, and Opportunities of the prominent players operating in the market will be provided in the Medical Supply Delivery Service Market report.
- Lack of proper infrastructure for healthcare services is poised to create hurdles for the Medical Supply Delivery Service Market.
Medical Supply Delivery Service Market Revenue Share, By Geography, 2020(%)
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Medical Supply Delivery Service Market Segment Analysis – By Mode of Service
Based on the mode of service, the Medical Supply Delivery Service Market is segmented into Drone Delivery and Courier Delivery. Courier Delivery held the largest share in the Medical Supply Delivery Service Market in 2020. Rise in demand for cost-effective medical courier services to transport
sensitive and confidential healthcare materials such as documentation, infusion
medicine, prescription drugs, medical specimens, lab work, equipment, and
supplies, thereby increasing the Medical Supply Delivery Service Market. However,
Drone delivery is estimated to register a higher CAGR of 7.1% during the forecast period
2021-2026 owing to the increased use of medical drones that has the potential to improve
healthcare services, particularly in distant and underserved areas, by enabling
just-in-time delivery, lowering costs for routine prescription care, and
shortening lab testing turnaround times.
Medical Supply Delivery Service Market
Segment Analysis – By Application
Based on the application market for Medical
Supply Delivery Service is categorized in Emergency Services, Drugs Supplies, Medical Supplies, and Lab Specimens
& Reports. Medical Supplies held the largest share in the Medical Supply Delivery Service Market in 2020. Increase in the use of medical drones to transport essential medical
supplies to the remote regions during emergencies and pandemics, thereby
increasing the Medical Supply Delivery Service Market. However, Emergency Services is estimated to register a higher CAGR of 6.9% during the forecast
period 2021-2026, owing to the demand for
emergency services is expected to rise as the incidence of vehicle accidents,
injuries, and infectious infections rise.
Medical Supply Delivery Service Market Segment Analysis – By Geography
North America dominated
the Medical Supply Delivery Service Market with a significant share of 42% in
2020. This is attributed to the growing adoption of new technologies coupled
with establishing healthcare infrastructure in this region. Furthermore, an increasing number
of companies collaborating with transport services providers for the faster
delivery of various medical supplies in an emergency is also contributing to the
growth of the market in this region.
However, Asia Pacific is estimated to grow at a higher CAGR during the forecast period 2021-2026 owing to rising awareness about the advantage of drones at the time of emergencies in the region and contributing to the growth. The increasing improvement in healthcare infrastructure coupled with rising research and development activities is also increasing the growth of the market in this region.
Medical Supply Delivery Service
Market Drivers
Increasing Number of Road Accidents.
The increasing
number of road accident injuries which leads to a rise in the need for
emergency services is increasing the growth of the Medical Supply Delivery
Service Market. According to a report by World Health Organization (WHO) in
2020, nearly 1.35 million people die each year in traffic
accidents, and between 20 and 50 million more people suffer non-fatal injuries,
with many of them becoming disabled as a result of their injuries. Additionally, an increase in advancement in healthcare infrastructure is
also practiced to increase the growth of the Medical Supply Delivery Service Market during the forecast period 2021-2026.
Rising Government Initiatives.
Increasing government initiatives to spread awareness about unwanted abortions and pregnancies is increasing the growth of the Medical Supply Delivery Service Market. Favorable government initiatives support the use of medical drones to deliver drugs, blood, vaccines, and test samples in a timely manner. For Instance, Tanzania's government announced a partnership with DHL in 2018 to launch a medical drone delivery program thereby increasing the growth of the Medical Supply Delivery Service Market during the forecast period 2021-2026.
Medical Supply Delivery Service Market Challenges
Lack of Proper Infrastructure
Major factor
that is set to impede the growth of the Medical Supply Delivery Service Market is
lack of proper delivery and logistics infrastructure. Another factor which
hampers the development of the market is low awareness about advanced delivery
services among the people.
Medical Supply Delivery Service Market Landscape
Product
launches, mergers and acquisitions, joint ventures, and R&D activities are
key strategies adopted by players in the Medical Supply Delivery Service Market.
In 2020, the Medical Supply Delivery Service Market share is consolidated by
the top ten players present in the market. In the Medical Supply Delivery
Service Market, top 10 companies are DHL, FedEx Corporation, UPS, Agility
Logistics, ModivCare Solutions, LLC., Zipline, CEVA Logistics, Flirtey, Matternet
Inc., and International SOS.
Medical Supply Delivery Service Market Development:
- In April 2019, Zipline, a California-based automatic logistics company, and The Ghanaian Government launched a drone delivery network to deliver 148 critical supplies to patients across Ghana on demand, including vaccines, blood products, and pharmaceuticals.
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