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Medical Drone Delivery Services Market Report 2024: Size, Share, Growth, Forecast to 2033
Medical Drone Delivery Services Market
According to The Business Research Company's, The medical drone delivery services market size has grown exponentially in recent years. It will grow from $0.26 billion in 2023 to $0.33 billion in 2024 at a compound annual growth rate (CAGR) of 25.9%. The growth in the historic period can be attributed to emergency response needs, rural healthcare access, cost reduction pressures, infrastructure challenges, globalization of healthcare.
The medical drone delivery services market size is expected to see exponential growth in the next few years. It will grow to $0.81 billion in 2028 at a compound annual growth rate (CAGR) of 25.3%. The growth in the forecast period can be attributed to increasing urbanization, climate change impacts, aging population, government initiatives, market competition and innovation, healthcare digitization. Major trends in the forecast period include integration with air traffic management systems, healthcare professional training, drone fleet management solutions, global health security initiatives, partnerships with e-commerce platforms.
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Market Drivers and Trends:
The telemedicine expansion is expected to propel the growth of the medical drone delivery services market going forward. Telemedicine remotely uses telecommunications technology to provide healthcare services, including diagnosis, treatment, and consultation. It arises from remote healthcare, improved access, consumer preference, and satisfaction. Medical drone delivery services leverage telemedicine to enhance the reach, efficiency, and effectiveness of healthcare delivery, particularly in remote or resource-constrained settings, and ensure the safe and effective delivery of medical supplies. For instance, according to a report published by the Australian Digital Health Agency, an Australia-based government agency, between 2020 and 2022, 118.2 million telehealth services were provided to 18 million patients, with over 95,000 practitioners utilizing telehealth services. Furthermore, according to the 2022 Digital Health Consumer Adoption Survey among 8,014 respondents by Rock Health, a US-based healthcare organization, telemedicine adoption had surged, with 80% of respondents accessing care remotely, up from 72% in 2021. Hispanic respondents, in particular, demonstrated a significant increase, with 82% utilizing telemedicine, a 9-point jump from the previous year. Therefore, the telemedicine expansion is driving the growth of the medical drone delivery services market.
Major companies operating in the medical drone delivery services market are focusing on developing advancements in drone technology solutions, such as drone delivery of prescription drugs. Drone delivery of prescription drugs refers to delivering prescribed medications directly to a customer's residence via unmanned aerial vehicles (UAVs), such as drones, within a short period, typically under 60 minutes. For instance, in October 2023, Amazon Pharmacy, a US-based pharmaceutical company, introduced a drone delivery service for prescription medications, starting in College Stations. Customers can now receive their medications within 60 minutes via drone delivery. This innovative service utilizes Amazon's prime air drones, which fly at 40 to 120 meters and employ advanced technology to navigate safely. Customers at the college station can select drone delivery during checkout for over 500 medications treating common conditions like flu, asthma, and pneumonia. Additionally, this service is free to use and aims to provide quick and convenient access to essential medications.
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Major Key Players of the Market:
Vodafone Group plc, UPS Flight Forward, Ceva Logistics SA, Elbit Systems Ltd., Terra Drone Corporation, Wingcopter GmbH, Volansi Inc., Manna Drone Delivery, Swoop Aero, Zipline International Inc., Matternet Inc., EHang Holdings Limited, Pinc Solutions, Skycart, Vayu Inc., Altitude Angel Limited, EHang Intelligent Technology Co. Ltd., MissionGO, Flirtey Holdings Inc., F-drones Pte Ltd., DHL Parcelcopter, FedEx, Dronescan, Zing Drone Delivery Inc., RigiTech SA
Medical Drone Delivery Services Market 2024 Key Insights:
• The Medical Drone Delivery Services Market is expected to grow to $0.81 billion in 2028 at a compound annual growth rate (CAGR) of 25.3%.
• Telemedicine Expansion Propels Growth Of Medical Drone Delivery Services Market
• Amazon Pharmacy Launches Drone Delivery Service For Prescription Drugs
• North America was the largest region in the medical drone delivery services market in 2023. The regions covered in the medical drone delivery services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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