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Medical Supply Delivery Service Market on the Rise: In-Depth Analysis Highlights Market Share, Growth Factors, Demand Forecast, and Emerging Competitive Insights

Medical Supply Delivery Service Market

Medical Supply Delivery Service Market

The new report published by The Business Research Company, titled "Medical Supply Delivery Service Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, the medical supply delivery service market size has grown rapidly in recent years. It will grow from $63.76 billion in 2023 to $71.1 billion in 2024 at a compound annual growth rate (CAGR) of 11.5%. The medical supply delivery service market size is expected to see rapid growth in the next few years. It will grow to $110.49 billion in 2028 at a compound annual growth rate (CAGR) of 11.7%.

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Telehealth's Impact On The Medical Supply Delivery Service Market: Driving Growth And Accessibility
The rising demand for telehealth is expected to propel growth in the medical supply and delivery service market during the forecast period. Telehealth refers to the application of electronic information and telecommunication technologies to support long-distance clinical health care. The demand for telehealth is driven by its convenience, accessibility, and technological advancements, particularly accelerated by the COVID-19 pandemic and its capacity to address provider shortages and chronic disease management needs. Medical supply delivery services complement telehealth by efficiently delivering prescribed medications and essential medical supplies directly to patients' doorsteps, facilitating convenient access to healthcare resources. For instance, in February 2023, according to a survey conducted by Rock Health, a US-based health technology company, in a survey of 8,014 respondents, 76% of people over the age of 55 have used telemedicine, and 80% of all respondents reported having accessed care via telemedicine at some point in their lives, up 8% from 72% in 2021. Therefore, rising telehealth demand will drive the expansion of the medical supply and delivery service market.

Expansion Of Same-Day Medicine Delivery Services In The Medical Supply Delivery Service Market
Major companies operating in the medical supply delivery service market are expanding their delivery networks and partnerships, such as same-day medicine delivery, to meet the evolving needs of healthcare providers, pharmacies, and patients for fast, convenient access to medical supplies and medications. Same-day medicine delivery services offer rapid access to prescription medications, leveraging small-format facilities stocked with common drugs and streamlined processes for swift prescription processing. For instance, in March 2024, Amazon Pharmacy, a US-based online pharmacy business, launched same-day delivery of prescription medication in New York City and the greater Los Angeles area, with plans for expansion to over a dozen US cities by year-end. Amazon Pharmacy aims to bring medications closer to customers ' residences by utilizing new small-format facilities stocked with commonly prescribed medications for acute conditions. Its Brooklyn facility offers a curated selection of over 12,000 medications from Amazon.com, prioritizing urgent-care requirements.

The medical supply delivery service market covered in this report is segmented -

1) By Mode Of Service: Courier Delivery, Drone Delivery
2) By Application: Medical Supplies, Drug Supplies, Emergency Services, Lab Specimens And Reports
3) By End-User: Hospitals, Clinics, Laboratories, Pharmacies, Patients, Other End-Users

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Major companies operating in the medical supply delivery service market are CVS Health Corporation, Cardinal Health Inc, United Parcel Service of America Inc., DHL Group, FedEx Corporation, CEVA Logistics AG, SF Express Co. Ltd, La Poste, DPD Group, Canada Post Corporation, Toll Group, Purolator Inc., General Logistics Systems B.V., PostNL, International SOS Services, ModivCare Solutions LLC, Swiss Post, PostNord, Singapore Post Limited, Aramex, Blue Dart Express, Zipline International Inc., Amazon Pharmacy, Econo-Courier, Poste Maroc, Matternet Inc., Hermes Travel & Cargo Pvt. Ltd. , Flirtey Holdings Inc

Contents of the report:
1. Executive Summary
2. Medical Supply Delivery Service Market Report Structure
3. Medical Supply Delivery Service Market Trends And Strategies
4. Medical Supply Delivery Service Market - Macro Economic Scenario
5. Medical Supply Delivery Service Market Size And Growth
…..
27. Medical Supply Delivery Service Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.

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