Press release
Medical Supply Delivery Services Market Size Revolution: Disrupting the Industry with 9.36% CAGR by 2031
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According to the latest research by InsightAce Analytic, the global Medical Supply Delivery Services market is valued at US$ 60.90 billion in 2023, and it is expected to register a CAGR of 9.36 % during a forecast period of 2024-2031.
Medical supplies are tools or medications crucial for identifying and treating illnesses and wounds. Medical supplies include consumable drugs like pills and syrups and equipment required for surgeries such as syringes and surgery kits. Hospitals, clinics, and other healthcare facilities depend heavily on medical supplies. A catastrophic healthcare infrastructure breakdown brought on by a shortage of medical supplies may delay a patient's treatment or possibly result in a patient's death. Medical drones provide immediate assistance, reducing travel time to the patient, reducing problems in accident cases due to the short time to wait for rescue, and supporting and upgrading the crucial operations of medical emergency teams.
The increasing need for medical courier services to transport medical supplies to healthcare facilities on schedule is a significant driver of the global market for medical supply delivery services. The need for medical supply delivery services is increasing due to the increasing number of surgical procedures performed globally due to the rising prevalence of chronic diseases among the population. Additionally, because they are more likely to develop chronic conditions, older individuals require more surgical operations, tests, and medications, increasing the demand for the services that companies distribute medical supplies. The need for the safe and prompt delivery of medical supplies, lab samples, and reports is growing, helping the market expand. In the upcoming years, the market is anticipated to increase due to falling transportation costs and the deployment of cutting-edge logistics technology.
The demand for medical supply delivery services is anticipated to be significantly impacted by the rising traffic accidents. Road accidents increase emergency services, increasing the need for medical supply delivery services. Additionally, it is predicted that rising government initiatives to adopt cutting-edge delivery methods like drone delivery would fuel industry expansion.
The Asia Pacific is anticipated to be the major contributor to the Medical Supply Delivery Services market over the forecast years. The major factors anticipated to fuel the market's growth include the rising government investments in the development of healthcare infrastructure, the burden of diseases, the ageing population, the increase in hospital admissions, and the expanding use of technological advancements in logistics. In addition, the Europe Medical Supply Delivery Services market is expected to grow significantly during the forecast period. The significant drivers of the European medical supply delivery service market include rising healthcare spending, greater adoption of cutting-edge medical technology, rapid e-commerce expansion, and improved logistics services due to well-developed infrastructure.
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Major market players operating in the Medical Supply Delivery Services market include
DHL, UPS, Agility, LogistiCare Solutions, LLC, FedEx Corporation, CEVA Logistics, The Wing, International SOS, Matternet, Zipline, Flirtey and Swoop Aero, among others.
Recent collaborations and agreements in the market:
• In November 2021, The largest healthcare provider and not-for-profit healthcare organization, Intermountain Healthcare, joined forces with Zipline. This collaboration aims to give patients in the Salt Lake City metropolitan area access to prescription drugs and medical supplies.
• In September 2021, The Abu Dhabi Department of Health (DoH) and logistics firm Skygo teamed forces with Matternet. The organizations worked together to create a citywide drone delivery network to deliver medical supplies in Abu Dhabi quickly.
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Market Segments
Global Medical Supply Delivery Services Market, by Service, 2024-2031 (Value US$ Mn)
• Courier Delivery
• Drone Delivery
Global Medical Supply Delivery Services Market, by Application, 2024-2031 (Value US$ Mn)
• Medical Supplies
• Drugs Supplies
• Emergency Services
• Lab Specimens & Reports
Global Medical Supply Delivery Services Market, by End-User, 2024-2031 (Value US$ Mn)
• Hospitals
• Clinics
• Diagnostic Laboratories
Global Medical Supply Delivery Services Market, by Region, 2024-2031 (Value US$ Mn)
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa
North America Medical Supply Delivery Services Market, by Country, 2024-2031 (Value US$ Mn)
• U.S.
• Canada
Europe Medical Supply Delivery Services Market, by Country, 2024-2031 (Value US$ Mn)
• Germany
• France
• Italy
• Spain
• Russia
• Rest of Europe
Asia Pacific Medical Supply Delivery Services Market, by Country, 2024-2031 (Value US$ Mn)
• India
• China
• Japan
• South Korea
• Australia & New Zealand
Latin America Medical Supply Delivery Services Market, by Country, 2024-2031 (Value US$ Mn)
• Brazil
• Mexico
• Rest of Latin America
Middle East & Africa Medical Supply Delivery Services Market, by Country, 2024-2031 (Value US$ Mn)
• GCC Countries
• South Africa
• Rest of Middle East & Africa
Why should buy this report:
To receive a comprehensive analysis of the prospects for the global Medical Supply Delivery Services market
To receive an industry overview and future trends of the Medical Supply Delivery Services market
To analyze the Medical Supply Delivery Services market drivers and challenges
To get information on the Medical Supply Delivery Services market value (US$Mn) forecast to 2030
Significant investments, mergers & acquisitions in the Medical Supply Delivery Services market industry
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