Press release
Medical Supply Delivery Service Market Expansion Outlook: $120.64 Billion in 2029
Medical Supply Delivery Service
What Is the Projected CAGR for the Medical Supply Delivery Service Market from 2024 to 2025?
In recent years, the market size for medical supply delivery services has experienced swift expansion. The market is projected to magnify from $71.1 billion in 2024 to $79.1 billion in 2025, with a compound annual growth rate (CAGR) of 11.3%. Factors that contributed to the growth during the historic period include the emergence of e-commerce which impacted the market, advancements in technology, regulatory compliances, a surge in demand for healthcare services, and the expanding global supply chains.
What are the Expected Market Size and CAGR for Medical Supply Delivery Service by 2029?
The market size for the delivery of medical supplies is anticipated to experience swift expansion in the coming years. The expected growth is to reach $120.64 billion by 2029, with a compound annual growth rate (CAGR) of 11.1%. The impetus for growth during the projection period is attributed to the evolution of healthcare models, the emergence of telemedicine, an emphasis on sustainability, the incorporation of AI and automation, and readiness for pandemics. Key trends within this period are projected to encompass solutions for final leg deliveries, personalized delivery options, the use of data analytics for predicting demand, partnerships and collaborations, and measures to assure quality.
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What Are the Strategic Drivers Boosting Medical Supply Delivery Service Market Performance?
The medical supply and delivery service sector is predicted to experience growth due to the increasing need for telehealth during the projected period. Telehealth involves using electronic data and telecommunication technologies to facilitate long-distance healthcare. The appeal of telehealth is fueled by its accessibility, convenience, and technological enhancements, particularly those hastened by the COVID-19 pandemic. It can address issues such as healthcare provider shortages and the demands of managing chronic diseases. Medical supply delivery services enhance the benefits of telehealth by ensuring the efficient delivery of prescribed drugs and crucial medical supplies straight to the residence of patients, thereby making healthcare resources readily accessible. As an example, a study carried out by Rock Health, a health technology firm in the US, in February 2023 revealed that 76% of individuals above the age of 55 had used telemedicine. Around 80% of all participants admitted to having received care through telemedicine at some stage in their life, marking an increase of 8% from 72% in 2021. Consequently, the surging demand for telehealth will contribute to the growth of the medical supply and delivery service industry.
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Which Segment Currently Holds the Largest Share of the Medical Supply Delivery Service Market?
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
Which Major Trends Are Shaping the Future of the Medical Supply Delivery Service Industry?
Large enterprises in the sector of medical supply delivery service are extending their delivery channels and affiliations, such as instant medication delivery, to cater to the changing demands of healthcare providers, pharmacies, and patients for prompt and easy access to medical supplies and drugs. Instant medication delivery systems provide quick access to prescribed drugs by using small-sized facilities equipped with commonly used medicines and streamlined procedures for fast prescription handling. For example, Amazon Pharmacy, an online pharmacy enterprise based in the US, initiated the same-day delivery of prescribed drugs in New York City and the surrounding Los Angeles area in March 2024, with intentions to further expand to more than twelve US cities by the end of the year. By leveraging new small-scale facilities filled with frequently prescribed medications for acute conditions, Amazon Pharmacy aims to bring drugs closer to customers. Amazon Pharmacy's Brooklyn facility offers a handpicked collection of over 12,000 medications from Amazon.com, focusing primarily on urgent care needs.
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Which Key Players Dominate the Medical Supply Delivery Service Industry Globally?
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
What Are the Fastest-Growing Regions 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.
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