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On-Demand Care: The Future of Medical Supply Delivery Services
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According to The Business Research Company's, 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 growth in the historic period can be attributed to the rise of e-commerce, which influenced the market, technological advancements and regulatory compliance, increased demand for healthcare services, and the and the globalization of supply chains.
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%. The growth in the forecast period can be attributed to evolving healthcare models, the rise of telemedicine, a focus on sustainability, the integration of AI and automation, and pandemic preparedness. Major trends in the forecast period include ""last-mile delivery solutions, customized delivery options, data analytics for demand forecasting, partnerships and collaborations, and quality assurance measures.
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Market Drivers and Trends:
The rise in awareness of treatment procedures is expected to propel the growth of the human growth hormone market going forward. Treatment procedures are medical interventions designed to alleviate, manage, or cure health conditions or diseases. The rise in awareness of treatment procedures is driven by advancements in medical technology, increased access to information through digital media, and growing public interest in health and wellness. Human growth hormone (HGH) treatments have garnered significant media attention and public interest, highlighting the benefits and potential applications of modern medical interventions, thereby increasing overall awareness of treatment procedures. For instance, in November 2023, according to the report The 2022 National Survey on Drug Use and Health (NSDUH), published by the Substance Abuse and Mental Health Services Administration (SAMHSA), a US-based Department of Health and Human Services, among adolescents aged 12 to 17, in 2021, 40.6% of the 5.0 million adolescents with a past year Major Depressive Episode (MDE) received treatment for depression, while in 2022, 56.8% of the 4.8 million adolescents with a past year MDE received mental health treatment. Therefore, the rise in awareness of treatment procedures is driving the growth of the human growth hormone 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.
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Major Key Players of the Market:
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
Medical Supply Delivery Service Market 2024 Key Insights:
• 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%.
• Telehealth's Impact On The Medical Supply Delivery Service Market: Driving Growth And Accessibility
• Expansion Of Same-Day Medicine Delivery Services In The Medical Supply Delivery Service Market
• Asia-Pacific was the largest region in the medical supply delivery service market in 2023
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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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