Medical Drone Market (By Application: Blood transfer, Drugs/Pharmaceutical Transfer, Vaccination Program; By End Use: Emergency Medical Services, Blood Banks) - Global Industry Analysis, Market Size, Opportunities And Forecast 2020 - 2027

Category : Healthcare and Pharmaceuticals | Delivery Format : PDF | Status: Published | Pages : 190

The global medical drones market is anticipated to grow at a CAGR of around 24.9% during the forecast period 2020 to 2027 and to reach around US$ 643.3 Mn by 2027.

Market Dynamics

Rapid technological advancements in electronic devices, wide applicability of drone in healthcare sector and increasing government support pertaining to use on advanced devices in order to deliver enhanced care are factors expected to drive the growth of global medical drone market. Manufactures are focused on enhancing drone technology with high penetration of drones in various end use industries players approach towards enhancing the medical service delivery is gaining importance. Government of developed and developing countries is spending high on the development of the present healthcare infrastructure. Increasing pandemic effect the government of emerging economies is implementing various rules and regulations in order to deliver enhanced care to patients.

• In 2019, the government of Maharashtra partnered with Zipline for first and only national-scale drone delivery service. The partnership is focused on use of logistics network of autonomous delivery drones to help transform emergency medicine and critical care.

• In 2020, The Federal Aviation Administration, which regulates flight over U.S. territory, granted Zipline permission to deliver medical supplies beyond line of sight over civilian airspace.

Supportive government regulations and increasing investment is resulting in introduction of trial programs by the companies that is expected to further enhance the business. In 2020, Zipline a medical product delivery company partnered with Walmart. The partnership is focused on trial run program for on-demand deliveries of health and wellness products. Zipline’s launch and release system allows for on-demand delivery in less than an hour, and operating from a Walmart store, can service a 50-mile radius. Public demand for quick medical service is increasing players are spending high in order to strengthen the distribution channel with the focus to enhance the customer experience.

Moreover, drones can cover three hours of distance in around few minutes. This increases its demand from hospitals and blood banks to deliver the required product during the time of emergency. Factors such as high cost of drones and technological glitches are factors expected to hamper the growth of global medical drone market. In addition, high cost associated to manufacturing due to high complexity is expected to challenge the growth of target market. However, increasing investment by major players for product development and approach towards integration of advanced analytics for enhancing the delivery are factors expected to create new opportunities for players operating in medical drone market over the forecast period. In addition, increasing partnership and agreement between regional and international players is expected to support the revenue transaction of target market.

Segment Analysis by Region

The market in North America is expected to account for major revenue share in the global medical drone market due to increasing government spending on development of smart healthcare system. In addition, presence of large number of players operating in the country and introduction of innovative solutions in order to attract new customers is expected to support the growth of medical drone regional market.

Asia Pacific is expected to witness faster growth in the medical drone market due to developing government regulations related to product delivery. In addition, supportive government regulations and high investment by players for product development are factors expected to augment the growth of medical drone market.
Major players approach towards tracking the untapped market in emerging economies is expected to support the growth of regional market.

Competitive Landscape

The global market is high highly competitive due to presence of large number of players and innovative product offerings. In addition, business expansion activities through partnerships and agreements are factors expected to further increase the competition.

Report coverage

Market

Global Medical Drone Market

Analysis Period

2016 – 2027

Base Year

2019

Forecast Data

2020 – 2027

Market Stratification

Application, End Use and Geography

Regional Scope

North America, Europe, Asia Pacific, Latin America, and Middle East & Africa

Report Coverage

Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis


Medical Drone Market Segment Analysis, 2019

The global medical drone market is segmented into application and end use. The application segment is bifurcated into blood transfer, drugs/pharmaceutical transfer, and vaccination program. Among the application the vaccination program segment is expected to witness faster growth in the target market in coming year due to rising pandemic effect across the globe and government focus on delivering required vaccines. The end use segment is divided into emergency medical services and blood banks. Among the end use the emergency medical services is expected to account for major revenue share in the medical drone market. Players operating in the global medical drones market are DHL, SZ DJI Technology Co., Ltd, Embention, Flirtey, Matternet, Vayu, and Zipline.

Market Segmentation

Market By Application

Blood transfer
Drugs/Pharmaceutical Transfer
Vaccination Program

Market By End-Use

Emergency Medical Services
Blood Banks

Market By Geography

North America

  • U.S.
  • Canada

Europe

  • U.K.
  • Germany
  • France
  • Spain
  • Rest of Europe

Asia-Pacific

  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Rest of Asia-Pacific

Latin America

  • Brazil
  • Mexico
  • Rest of Latin America

Middle East & Africa

  • GCC
  • South Africa
  • Rest of Middle East & Africa


Frequently Asked Questions

The global medical drones market in 2027 is expected to be above US$ 643.2 Mn.

The CAGR of the global medical drones market from 2020-2027 is above 24.9%.

In application the vaccination program segment is growing at faster pace.

Rapid technological advancements in electronic devices, wide applicability of drone in healthcare sector and increasing government support pertaining to use on advanced devices in order to deliver enhanced care are factors expected to drive the growth of global medical drone market.

In the global market the Asia Pacific region is expected to grow faster.

Some of the players considered in the report scope are Embention, Flirtey, Matternet, Vayu, and Zipline.

The North America is expected to account for major revenue share in the global market.

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