Medical Drones Market Report 2024: Strategies And Recent Developments | DHL International GmbH, United Parcel Service Inc., Toyota Tsusho Corporation, Airbus SE, Bell Textron Inc

The Business Research Company has updated its global market reports, featuring the latest data for 2024 and projections up to 2155

The Business Research Company offers in-depth market insights through Medical Drones Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.

Market Size And Growth Forecast:
The medical drones market size has grown rapidly in recent years. It will grow from $1.31 billion in 2023 to $1.55 billion in 2024 at a compound annual growth rate (CAGR) of 17.7%. The growth in the historic period can be attributed to emergency medical response, inaccessibility of remote areas, reducing transport time, global health crises, regulatory support for drone operations.

The medical drones market size is expected to see rapid growth in the next few years. It will grow to $3 billion in 2028 at a compound annual growth rate (CAGR) of 18.0%. The growth in the forecast period can be attributed to integration of artificial intelligence, expansion of telemedicine services, enhanced payload capabilities, focus on last-mile delivery, evolving regulatory environment. Major trends in the forecast period include collaborations and partnerships, improving drone technology, development of automated drone stations, temperature-controlled transport for pharmaceuticals, humanitarian and disaster response.

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Market Segmentation:
The main types of medical drones are fixed wing, rotor drones, and hybrid drones. A fixed-wing drone, also known as a fixed-wing unmanned aerial system (UAS), is an unmanned aircraft that operates without a human pilot on board and has rigid, fixed wings that resemble those of conventional fixed-wing aircraft. The various capacities include below 2 kg, 2-4 kg, and above 4 kg, drones for various applications such as emergency blood logistics, medical drug and vaccine, emergency organ logistics, and others used by various end-users including hospitals, blood banks, government institutions, and others.

Major Driver - Government Funding Fuels Growth of the Medical Drone Market
The government's funding for medical drones is expected to propel the growth of the medical drone market going forward. Medical drones, also known as medical transport drones, are unmanned aerial vehicles (UAVs) specifically designed and used for medical purposes within the healthcare industry. Government funding for medical drones refers to financial support provided by government agencies or authorities to develop, implement, or expand the use of drones for medical and healthcare purposes. For instance, in November 2022, according to the Department for Business, Energy, and Industrial Strategy, a UK-based government department, the UK government initiated approximately $14.38 million (12 million pound sterlings) in 24 innovative projects to eliminate regulatory hurdles and assist companies in bringing products and services that include medical drones. Furthermore, in July 2022, according to the Department for Business, Energy, and Industrial Strategy, a UK-based government department, the UK government revealed a $324 million (273 million pound sterlings) investment in aircraft innovation, including the creation of drones that can transport medical supplies. Therefore, government funding for medical drones is driving the growth of the medical drone market.

Competitive Landscape:
Major companies operating in the medical drones market report are DHL International GmbH, United Parcel Service Inc., Toyota Tsusho Corporation, Airbus SE, Bell Textron Inc., AeroVironment Inc., Zipline International Inc., Parrot SA, Tata Advanced Systems Limited, Wing Aviation LLC, Avy B.V., Freefly Systems Inc., Vayu Inc., Guangzhou EHang Intelligent Technology Co. Ltd., AT&T Intellectual Property, Ascent Aerosystems Inc., EHang Holdings Ltd., Aquiline Drones Corporation, Draganfly Inc., Wingcopter GmbH, Matternet Inc., Skyfarer Ltd., Inova Drone Inc., Volocopter GmbH, TSAW Drones

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Top Trend - Launch Of The UK's First Medical Drone Delivery Network Highlights Advancements In Medical Drone Technology
Major companies operating in the medical drone market are developing innovative networks with advanced technologies, such as medical drone delivery networks to revolutionize healthcare and improve the delivery of medical supplies. Medical drone delivery networks are systems designed to transport medical supplies, equipment, and even organs using unmanned aerial vehicles (UAVs), commonly known as drones. For instance, in September 2022, the CAELUS consortium, led by AGS Airport, a UK-based airport company in collaboration with NHS Scotland, a Scotland-based government agency launched the second phase of the UK's first medical drone delivery network. It is the first national drone network that can transport essential medicines, blood, and other medical supplies throughout Scotland, including to remote communities. This drone network can ensure critical medical supplies can be delivered more efficiently, reducing waiting times for test results and more.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Medical Drones Market Characteristics
3. Medical Drones Market Trends And Strategies
4. Medical Drones Market - Macro Economic Scenario
5. Medical Drones Market Size And Growth
…..
27. Medical Drones Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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