The global Medical Supply Delivery Service market size is expected to reach close to US$97.5 billion by 2029 with an annualized growth rate of 7.6% through the projected period.
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"The Global Medical Supply Delivery Service Market 2019-2029 (USD Billion)")
The growing need for fast transportation and distribution of medications and medical equipment in the event of an emergency is propelling the industry forward. Other trends driving up demand for distribution facilities include a greater emphasis on strengthening the healthcare system and lowering supply chain costs. The industry is growing due to the expansion of healthcare logistics and the need for quicker and more cost-effective distribution of samples and specimens for research purposes. To cut supply chain prices, pharmaceutical and IOT medical devices firms are using third-party logistics systems to distribute their goods.
Medical drone adoption is allowing just-in-time distribution services, lowering costs for routine drug treatment, and shortening lab testing turnaround times, both of which are enhancing healthcare services, particularly in remote and underserved areas. Many organizations are working on medical drones to improve health safety in rural areas and in emergency situations. Which is expected to enhance patient treatment skills in emergency situations. TU Delft, for example, has created an emergency drone with life-saving equipment. This drone could come in handy in conditions like heart disease, injuries, and respiratory problems.
Medical drones are now becoming increasingly popular in the pharmaceutical industry, thanks to their potential to distribute medications to distant areas at a faster rate. Drones are effective for delivering medicines in emergency cases such as floods or medical emergencies. During the COVID-19 pandemic, several nations used drone systems to transport drugs and sensors to containment areas all around the world.
The major players operating in the global market include DHL, UPS, Agility, LogistiCare Solutions, LLC, FedEx Corporation, CEVA Logistics, The Wing, International SOS, Matternet, Zipline, Flirtey, Swoop Aero, and many more.
Medical Supply Delivery Service Market Scope
| Metrics | Details |
| Base Year | 2023 |
| Historic Data | 2018-2022 |
| Forecast Period | 2024-2029 |
| Study Period | 2018-2029 |
| Forecast Unit | Value (USD) |
| Revenue forecast in 2029 | US$ 97.5 billion |
| Growth Rate | CAGR of 7.6% during 2019-2029 |
| Segment Covered | By Service Mode, By Application, Regions |
| Regions Covered | North America, Europe, Asia Pacific, South America, Middle East and Africa |
| Key Players Profiled | DHL,UPS,Agility,LogistiCare Solutions, LLC,FedEx Corporation,CEVA Logistics,The Wing,International SOS,Matternet,Zipline,Flirtey,Swoop Aero |
Key Segments of the Global Medical Supply Delivery Service Market
Application Overview, (USD Billion)
- Medical Supplies
- Drugs Supplies
- Emergency Services
- Lab Specimens & Reports
End-user Overview, (USD Billion)
- Hospitals
- Clinics
- Diagnostic Laboratories
- Pharmaceutical and Medical Device Companies
- Blood Banks
- Public Health Departments
Mode of Service Overview, (USD Billion)
- Courier Delivery
- Drone Delivery
Regional Overview, (USD Billion)
- North America
- U.S.
- Canada
- Europe
- Germany
- United Kingdom
- France
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
Reasons for the study
- Growing geriatric population, and their vulnerability to incontinence and chronic diseases, demanding continues use of incontinence products
- Proliferation of online sales channel, cannibalizing the position of hospital and retail pharmacies
- Consistent threat of deadly infections in hospital and healthcare settings urging the use of disposable medical supplies especially in emerging countries and remote locations
What does the report include?
- The study on the global medical supply delivery service market includes qualitative insights such as drivers, restraints, challenges and opportunities
- Additionally, the market has been evaluated using the Porter’s five forces analysis
- The study covers qualitative and quantitative analysis of the market segmented on the basis of type, and end user. Moreover, the study on medical supply delivery service market provides similar information for the key geographies.
- Actual market sizes and forecasts have been provided for all the above-mentioned segments
- The study includes the profiles of key players operating in the market with a significant global and/or regional presence
Who should buy this report?
- The report on the global medical supply delivery service market is suitable for all the players across the value chain including component and raw material providers, disinfectant manufacturers, distributors, and other intermediaries
- Venture capitalists and investors looking for more information on the future outlook of the global medical supply delivery service market
- Consultants, analysts, researchers, and academicians looking for insights shaping the global medical supply delivery service market
Frequently Asked Questions (FAQ) :
The market value of medical supply delivery service market in 2029 was US$ 97.5 billion.
The medical supply delivery service market is growing at a CAGR of 7.6 % over the forecast period
To get latest version of medical supply delivery service market report can be obtained on demand from the website.
Because of the growing demand for quicker and more reliable transportation services in the healthcare industry, competition among emerging players is fierce. Growing industry demand, fueled by increasing awareness of the benefits of these services, is expected to encourage the entrance of new players in the future. The COVID-19 pandemic resulted in a surge in demand for some medical devices that was unexpected, as well as major delays in global medical device production and supply chain operations. The FDA is actively tracking the medical device supply chain and collaborating with suppliers and other stakeholders to assess the risk of delays and to eliminate or mitigate their effects on consumers, health care professionals, and public health.
In reaction to the pandemic, businesses in a variety of industries have conducted risk analyses and implemented business continuity strategies to try to stabilize their supply chains. To adapt to changing demands, several companies have diversified their product portfolios, creating new products with existing capital. Some garment factories, for example, began manufacturing PPE, and some distilleries began producing hand sanitizer. Others have used 3D printing technologies to bring goods closer to demand, making their supply chains more open. Finally, many have stressed the importance of bringing manufacturing facilities back onshore or engaging in nearshoring.
In 2019, the medical supplies segment led the industry with a share of about 34%. The need for dependable delivery support for prompt delivery of medical supplies to hospitals and clinics, as well as during emergencies, is propelling this segment forward. Many medical device firms are using these services to lower supply chain costs and manufacture drugs quicker, which has influenced demand for these services. Furthermore, the use of medical drones to carry critical medical equipment to rural areas during crises and pandemics is on the rise, which is expected to fuel the demand for medical supply delivery services.
Due to the increasing need for vaccine transport in collaboration with government agencies to rural areas during outbreaks, pharmaceutical and medical device industries accounted for the largest market share by End-userr in 2019. Drone distribution systems are becoming more common, allowing pharma companies to use real-time data to improve supply chain efficiencies for critical and high-volume drugs, which is helping the segment expand. In addition, the investments, alliances, agreements, mergers and acquisitions, and government policies are all contributing to the market's acceptance and demand for these services.
North America led the industry in 2019, accounting for the majority of sales. The largest share can be attributed to a number of reasons, including an increase in the introduction of emerging technology and a greater emphasis on supplying cost-competitive supplies across the country. Key factors expected to boost the market over the forecast period include rising demand for blood and blood components through different surgical procedures. Furthermore, the region's demand is being driven by a growing number of companies partnering with transportation service providers for the quicker supply of multiple medical supplies in an emergency.
.png "Global Medical Supply Delivery Service Market Share by Region (2019)")