Medical Supply Delivery Service Market Growth & Trends
The global medical supply delivery service market size is expected to reach USD 96.6 billion by 2027, expanding at a CAGR of 6.5% over the forecast period, according to a new report by Grand View Research, Inc. The increasing need for quick and secure transportation of samples and specimens for testing and reducing logistics costs are some of the major factors driving the market.
Based on the application, the medical supplies segment accounted for the largest revenue share in 2019 owing to the increasing need for faster delivery of medicines required at the time of natural calamities and emergencies. On the other hand, the emergency services segment is expected to exhibit the fastest growth during the forecast period owing to the increasing demand for ambulance drones to deliver various drugs and devices in emergencies. For instance, in September 2018, Bloodstream used drone-based transportation to transform and revolutionize the supply of blood, vaccines, anti-snake venom, emergency medicines, and defibrillators in rural areas.
In 2019, the courier delivery segment accounted for the largest revenue share in the market. The rising demand for courier services to transport lab specimens, paperwork, prescription medications, lab work, infusion medicine, and equipment are driving the market growth. On the other hand, drones delivery segment is anticipated to be the fastest-growing segment, owing to the rising adoption of drones to transport blood and blood components during emergencies and disease outbreaks.
Based on end-user, pharmaceutical and medical device companies accounted for the largest revenue share of 24.8% in 2019. This is attributable to the growing demand for safer transport of drugs and life-saving medical devices during outbreaks and emergencies. On the other hand, the blood bank segment is anticipated to be the fastest-growing segment owing to the increasing need to ensure the safe and timely delivery of blood and blood components.
In 2019, North America dominated the market owing to the rise in the demand for fast and cost-efficient delivery of medical supplies throughout the region. On the other hand, Asia Pacific is expected to be the fastest-growing region during the forecast period. This is attributable to the increasing infrastructure investments and increasing implementation of drone-based technology to deliver medical supplies at the time of COVID-19 outbreak in developing countries.
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Medical Supply Delivery Service Market Report
Medical Supply Delivery Service Market Report Highlights
- The medical supplies application segment dominated the market with a revenue share of 34.9% in 2019, owing to the increasing demand for third-party logistics to deliver medical supplies to healthcare providers
- The courier delivery segment dominated the market in 2019 owing to increasing adoption of courier services for transportation of sensitive healthcare items safely, securely, and on time
- The pharmaceutical and medical device companies segment dominated the market in 2019 owing to increasing demand for drugs and respiratory devices amid COVID-19 pandemic
- North America dominated the market in 2019 owing to the increasing adoption of drones and healthcare logistic services to transport healthcare supplies in the region.
