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Medical Drone Market Size by Global Major Companies Profile, and Key Regions 2028

Medical Drone Market

Medical Drone Market

The global medical drone market size is expected to gain momentum by reaching USD 1,410.9 million by 2028 from USD 254.7 million in 2021 while exhibiting an impressive CAGR of 27.70% between  2021 to 2028. In its report titled, "Medical Drone Market, 2021-2028," Fortune Business Insights™ mentions that the market stood at USD 194.7 million in 2020.

The technological advancement and ongoing competition between major players to deliver the best product are expected to drive the market in upcoming years. Thus, major players such as Volocopter, Zipline, Volansi, Flirtey, Matternet are focused on developing quality drones to ensure their global market position and high demand for medical drones amid the ongoing COVID-19 pandemic.

List of Key Players Profiled in Medical Drone Industry Report

Zipline Inc. (San Francisco, United States)
Volocopter GmbH (Bruchsal, Germany)
Volansi Inc. (San Francisco,United States)
Matternet Inc. (Mountain View, United States)
Manna Drone Delivery Inc. (Dublin, Ireland)
Flytrex Aviation Ltd. (Tel Aviv, Israel)
Flirtey Holdings Inc. (Reno, United States)
Vayu Inc. (Ypsilanti, United States)
Skyports Ltd. (Billericay, United Kingdom)
Ebre Drone LLC (Tarragona, Spain)
Swoop Aero Pty. Ltd. (Docklands, Australia)
Skyfarer Ltd. (Coventry, United Kingdom)
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COVID-19 Impact

Amid the COVID-19 pandemic, demand for drones increased. Many deliveries for medical purposes and laboratory samples were done using drone technology. According to a report by various resources, around eighteen countries worldwide were dependent on unmanned technology for logistical purposes. For instance, countries in Sub-Saharan Africa, such as Ghana, Rwanda, and Malawi, are some of the countries which were dependent on drone systems for the delivery of medical supplies, pathological and blood samples, and commodities since 2016 and in pandemic times, they are using it in remote places.

Therefore, advantages that this technology facilitates in the COVID-19 context are on-demand just-in-time delivery, minimal physical contact, last-mile delivery to remote locations with an extended logistical network, and low viral or pathological transmission risk. Thus various such applications in this current situation are expected to fuel the market growth.

 

What does the Report Provide?

The market report for medical drone provides a detailed analysis of several factors such as the key drivers and restraints that will impact growth. Additionally, the report provides insights into the regional analysis that covers different regions, contributing to the growth of the market. It includes the competitive landscape that involves the leading companies and the adoption of strategies to introduce new products, announce partnerships, and collaborate to contribute to the growth of this market.

 

Driving Factor

High Demand for Drones in Healthcare Applications to Propel Market Growth

The increasing demand for monitoring and surveillance of public areas and the advent of new logistical alternatives than the conventional supply chain modes is propelling governments worldwide to invest in medical drone technology. Moreover, in this pandemic situation, human contact has been suspected to be a vehicle of viral transmission. Thus drone technology is a clear winner in this situation. Thus, there has emerged an urgent need for contactless and efficient technology. For instance, in October 2019, the UPS Flight Forward Inc. has received U.S. government approval with the Federal Aviation Administration's and standard certification to exercise drone airline operations. In response, the company launched its first drone delivery flight at WakeMed Hospital in Raleigh, NC, by using a quadcopter Matternet M2. These factors are driving the medical drone market growth.  

Market Segmentation:

By type, the market is segmented into fixed-wing, rotary-wing, and hybrid. Technology is divided into fully autonomous, semi-autonomous, and remotely operated.  By the package size, it is trifurcated into

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Fortune Business Insights™ delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. Our aim is to empower them with holistic market intelligence, providing a granular overview of the market they are operating in.

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