The 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.
Key Industry Insights & Findings from the Report:
- Increasing demand for medical courier services to ensure the punctual delivery of medical supplies to healthcare facilities is a major driver of the global medical supply delivery service market.
- The increasing frequency of vehicular collisions is anticipated to significantly propel the market for medical supply delivery services.
- North America dominated the market and accounted for a global revenue share in 2023.
- The key challenge for the Medical Supply Delivery Services Market is the high cost of capital investment.
Supply of medical equipment and medicine are sometimes among the urgent and critical needs. Medical supply delivery comprises blood, urine, medicine, equipment, and others that enable the movement from one place to another. The medical samples are time-sensitive and require a prompt transfer between doctors, clinics, and hospitals, making this market essential category.
The increasing geriatric population is creating a high demand for urgent medicine and driving the market's growth. Additionally, emergency services are expected to exhibit the highest growth soon. Drone-based transportation of medicine is also fueling the development of the market. For instance, in September 2018, Bloodstream used drone-based transportation has developed the revolutionized supply of blood, vaccines, emergency medicines, anti-snake venom, and defibrillators in rural areas.
Competitive Landscape
Some of The Key Players in The Medical Supply Delivery Services Market:
- DHL
- UPS
- Agility
- LogistiCare Solutions, LLC
- FedEx Corporation
- CEVA Logistics
- The Wing
- International SOS
- Matternet
- Zipline
- Flirtey
- Swoop Aero
- Other Prominent Players
Market Segmentation
The Global medical supply delivery services market is segmented on the basis of service, application, and end-users, and region. Based on the service, the market is divided into Courier Delivery, Drone Delivery. On the basis of application, the market is divided into Medical Supplies, Drugs Supplies, Emergency Services, and Lab Specimens & Reports. On the basis of application, the market is divided into Hospitals, Clinics, Diagnostic Laboratories. Based on region, the market is studied across North America, Asia-Pacific, Europe, and LAMEA. Among that, Europe held the largest share of the market, followed by America and the Asia Pacific. On the other hand, North America is expected to dominate the market during the analysis of the forecast period.
Recent Developments:
- In March 2024, UPS debuted UPS Supply Chain Symphony for UPS Healthcare, a cloud platform that consolidates supply chain data for healthcare customers, offering a comprehensive logistics overview.
The Medical Supply Delivery Services Market Report Scope
|
Report Attribute |
Specifications |
|
Market Size Value In 2023 |
USD 60.90 Bn |
|
Revenue Forecast In 2031 |
USD 122.73 Bn |
|
Growth Rate CAGR |
CAGR of 9.36 % from 2024 to 2031 |
|
Quantitative Units |
Representation of revenue in US$ Billion and CAGR from 2024 to 2031 |
|
Historic Year |
2019 to 2023 |
|
Forecast Year |
2024-2031 |
|
Report Coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
|
Segments Covered |
By Service, By Application, By End-Users |
|
Regional Scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
|
Country Scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; The UK; France; Italy; Spain; China; Japan; India; South Korea; South East Asia; South Korea; South East Asia |
|
Competitive Landscape |
DHL, UPS, Agility, LogistiCare Solutions, LLC, FedEx Corporation, CEVA Logistics, The Wing, International SOS, Matternet, Zipline, Flirtey and Swoop Aero, and Others |
|
Customization Scope |
Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape. |
|
Pricing and Available Payment Methods |
Explore pricing alternatives that are customized to your particular study requirements. |
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