Press release
Global Medical Supply Delivery Service Market to Reach $123.14 Billion by 2029, Growing at 11.6% CAGR
Medical Supply Delivery Service
The medical supply and delivery service market is anticipated to expand with the increasing demand for telehealth. Telehealth uses electronic communication to provide long-distance healthcare, and its popularity has surged due to its convenience and technological advancements, especially post-COVID-19. Medical delivery services support telehealth by delivering prescribed medications and supplies to patients. In February 2023, a survey by Rock Health revealed that 76% of people aged 55 and older have used telemedicine, with a general increase in telehealth access, which is fueling growth in the medical supply and delivery service market.
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What growth opportunities are expected to drive the medical supply delivery service market's CAGR through 2034?
The medical supply delivery service market will grow from $71.1 billion in 2024 to $79.52 billion in 2025 at a CAGR of 11.8%, driven by e-commerce growth, supply chain globalization, and increasing healthcare service demands.
The medical supply delivery service market is expected to experience rapid growth, reaching $123.14 billion by 2029 with a CAGR of 11.6%. Growth factors include evolving healthcare models, the rise of telemedicine, a greater focus on sustainability, AI and automation integration, and pandemic preparedness. Notable trends involve last-mile delivery solutions, customized delivery options, demand forecasting through data analytics, increased industry collaborations, and stringent quality assurance measures.
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What are the emerging trends shaping the future of the medical supply delivery service market?
Leading companies in the medical supply delivery service market are enhancing their delivery networks and forming partnerships, such as providing same-day medicine delivery, to meet the increasing demands of healthcare providers, pharmacies, and patients for quick, convenient access to medications and medical supplies. These services offer rapid delivery of prescription medications using small facilities stocked with commonly used drugs, enabling efficient processing of prescriptions. For example, in March 2024, Amazon Pharmacy, a US-based online pharmacy, introduced same-day prescription medication delivery in New York City and Los Angeles, with plans to expand to more US cities. The service utilizes small-format facilities stocked with over 12,000 medications for urgent care needs, such as those for acute conditions.
Which growth-oriented segments of the medical supply delivery service market are leading the industry's development?
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
Subsegments:
1) By Courier Delivery: Standard Courier Delivery, Expedited Courier Delivery, Same-Day Courier Delivery
2) By Drone Delivery: Autonomous Drone Delivery, Remote-Piloted Drone Delivery, Emergency Drone Delivery
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Which geographical regions are pioneering growth in the medical supply delivery service market?
Asia-Pacific was the largest region in the medical supply delivery service market in 2024. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the medical supply delivery service market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
What companies are at the forefront of innovation in the medical supply delivery service market?
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
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What Is Covered In The Medical Supply Delivery Service Global Market Report?
•Market Size Forecast: Examine the medical supply delivery service market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the medical supply delivery service market for a structured understanding.
•Key Players Overview: Analyze major players in the medical supply delivery service market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the medical supply delivery service market.
•Segment Contributions: Evaluate how different segments drive overall growth in the medical supply delivery service market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the medical supply delivery service market.
•Industry Challenges: Identify potential risks and obstacles affecting the medical supply delivery service market.
•Competitive Landscape: Review strategic developments in the medical supply delivery service market, including expansions, agreements, and new product launches.
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