Medical Devices & Consumables / Medical Drone Market - Global Growth, Trends And Forecast (2022 - 2027) By Types, By Application, By Regions And By Key Players: Zipline Inc., Volocopter GmbH, Volansi Inc., Matternet Inc.
Medical Drone Market - Global Growth, Trends and Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players: Zipline Inc., Volocopter GmbH, Volansi Inc., Matternet Inc.
The global Medical Drone market size is expected to grow from $240.53 million in 2021 to $758.34 million in 2027 at a compound annual growth rate (CAGR) of 16.3%.
Medical Drone Market Overview
The increasing use of drones in the healthcare sector will benefit the medical drones market. Drones provide for patients' urgent needs by delivering necessary medications, vaccines, antivenin, and blood supplies in the neighborhood. Healthcare workers can administer life-saving treatments more swiftly with the use of rapid delivery. Additionally, they can carry medication to a patient's bedside, reducing drug administration errors. Drones' diverse range of uses will boost economic growth over the projection period. Increasing government activities focused at producing unarmed aerial vehicles will spur technological innovation. For instance, the Tanzanian government and DHL teamed to introduce a program for drone delivery of medical supplies in 2018. Additionally, Zipline is working to deliver and distribute immunizations, life-saving drugs, and blood. The primary goal of the government behind these efforts is to save lives by giving pharmaceuticals when they are most needed. However, issues with medical drones could somewhat impede the industry's expansion.
Medical Drone Market Growth Drivers:
Medical drones are increasingly being used in the healthcare industry.
The number of government initiatives is increasing.
Technological advancements
Increasing public acceptance
Industry News and Updates:
Sept. 14, 2020: Walmart and Zipline Team Up to Bring First-of-Its Kind Drone Delivery Service to the United States --
Walmart and Zipline launched their on-demand delivery service of select health and wellness and consumable items from the Walmart Neighborhood Market in Pea Ridge, Ark. Customers today are busier than ever, which is why every day we’re finding new ways to make their lives easier. At the same time, our history of innovation, a foundation laid by our founder Sam Walton, has us committed to learning how new technology can better serve customers.
What are the major Applications, Types and Regions for Medical Drone Market?
Market is segmented based on the type, applications, companies and regions.
By Type, it is segmented into
Fixed Wing Drone
Rotor Wing Drone
By Application, it is segmented into
Drug Transmission
Blood Transmission
Sample Transmission
Others
Medical Drone Market Regional Analysis
North America is the largest and most prominent region in the world, with a market size of USD 79.88 million in 2020. The widespread use of drones for medical purposes and the presence of major US manufacturers like Zipline, UPS Flight Forward, Amazon Prime Air, Flirtey, and others are driving the market's regional expansion. In 2021, 872,694 drones will be registered, according to FAA research. Europe is the second-largest region, and this market growth may be attributed to accommodating rules, high rates of investment by OEMs and governments in unmanned technology, and a flurry of government measures for a strong healthcare system in the midst of the ongoing pandemic.
Asia Pacific is the third-largest region, with market growth attributable to strong adoption rates and government investment, as well as the presence of OEMs in the region such as DJI, and market development by global market participants such as Zipline. The Middle East is expected to be the fastest-growing area over the projection period. Due to significant investments made by regional governments in Ghana, Rwanda, Nigeria, and other countries for a variety of medical applications, the regional market has grown.
North America
US
Canada
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Rest of the World
Middle East & Africa
Latin America
The Medical Drone Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type and segment. It focuses extensively on revealing a detailed regional analysis. The Global Medical Drone Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.
What is our Medical Drone Market report scope?
Report Attributes
Report Details
Forecast Period 2022 to 2027 CAGR
CAGR of 16.3% over the forecast period (2022-2027)
Yes, the report can be customized as per your needs
Key Takeaways from this Medical Drone Market Report
Evaluate Medical Drone market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals.
Understand the different dynamics influencing the market - growth driving factors, specific challenges and hidden opportunities.
Get in-depth insights on your competitor performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis and more.
Analyze the sales and distribution channels across geographies to enhance top-line revenues.
Understand the demanding supply chain with a deep dive on the value augmentation at each, in order to optimize value and bring efficiencies in your processes.
Get a quick outlook on the Medical Drone market entropy - M&A's, deals, partnerships, product launches of all key players for the past 4 years.
Evaluate the import-export statistics, supply-demand and competitive landscape for more than top 20 countries globally for the market.
Frequently Asked Questions
What is the growth rate of Medical Drone Market?
The Medical Drone Market is growing at a CAGR of 16.3% over the next 5 years.
What are the significant types of Medical Drone Market?
Fixed Wing Drone, Rotor Wing Drone
What are the major end-use applications of Medical Drone Market?
Drug Transmission, Blood Transmission, Sample Transmission, Others
All our reports are custom made to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report as your needs.
SECONDARY RESEARCH Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
