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Medical Supply Delivery Services Market Revenue Report with Forecast to 2031
According to the latest research by InsightAce Analytic, the global Medical Supply Delivery Services Market Size is valued at 60.90 Bn in 2023 and is predicted to reach 122.73 Bn by the year 2031 at a 9.36 % CAGR during the forecast period for 2024-2031.
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Medical supplies, which include essential medications such as pills and syrups as well as surgical equipment like syringes and kits, are critical for diagnosing and treating illnesses and injuries. Hospitals, clinics, and healthcare facilities rely heavily on these supplies to ensure the continuity and effectiveness of patient care. A significant shortage of medical supplies can lead to catastrophic breakdowns in healthcare infrastructure, potentially delaying treatment and increasing the risk of adverse outcomes, including patient mortality.
Innovative solutions such as medical drones are emerging to address these challenges. These drones provide rapid delivery of essential supplies, significantly reducing travel time to patients and enhancing emergency response efforts. By ensuring that critical medical supplies reach their destination swiftly, medical drones help minimize delays in treatment and support the operations of emergency medical teams, ultimately contributing to improved patient outcomes.
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
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InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain a competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets, and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.https://www.insightaceanalytic.com/images_data/148861653.JPG
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