Medical Supply Delivery Service Market: Segmented: By Application (Medical Supplies, Drug Supplies, Emergency Services, Lab Specimens & Reports), By Mode of Service (Courier Delivery, Drone Delivery), By End User (Hospitals, Clinics, Laboratories, Pharmacies, Patients, Others), And Region - Global Analysis of Market Size, Share & Trends For 2021-2022 And Forecasts To 2032
Medical Supply Delivery Service Market to surpass USD 117.8 Billion by 2032 from USD 51.44 Billion in 2021 at a CAGR of 7.8% in the coming years, i.e., 2022-32.
Medical supply delivery service delivers medical supplies, such as oxygen tanks, medical samples, lab equipment, and diabetes supplies. These services are expected to be scheduled and urgently delivered to every hospital, doctor's office, and lab to boost facility efficiency and protect patient health at home. Medical samples and supplies can be delivered in a very timely manner. A reputable delivery service will guarantee that patients, physicians, and healthcare facilities will always receive their goods on time and without delay. Medical suppliers, medical offices, or labs can save a lot of money by using these services instead of having their own drivers and delivery vehicles.
Governments across the globe are taking more steps to raise public knowledge of the usefulness and effectiveness of these services, which is fueling the market growth for medical supply delivery services. Positive government initiatives worldwide are encouraging the use of medical drones to quickly deliver drugs, blood, vaccines, and test samples. These elements are predicted to drive market expansion over the projected period.
Medical Supply Delivery Service market is categorized on the basis of Application into Medical Supplies, Drug Supplies, Emergency Services, and Lab Specimens & Reports. The lab specimens & reports segment is predicted to increase at the quickest rate over the forecast period. Due to the COVID-19 pandemic, the providers adopted these services to ensure contactless and timely delivery of specimens, hence lowering the risk of contamination. Moreover, there has been a rising demand to enhance patient care by expanding access to these services in rural areas, where there is little opportunity for vehicle transportation.
Medical Supply Delivery Service market is categorized on the basis of application into Hospitals, Clinics, Laboratories, Pharmacies, Patients, and Others. The patients segment is predicted to increase at the speedy rate over the forecast period, due to the development of medical delivery services that allow vulnerable patients to obtain medications at their doorstep in order to prevent contact with COVID-19 patients.
The Rising Number of Road Accidents and Growing Support and Initiatives by the Government
The medical supply delivery services market is expanding due to the rising number of injuries from road mishaps and accidents, which increases the demand for emergency services. Moreover, throughout the projected period, a rise in healthcare infrastructure advancement will also help the medical supply delivery services market grow at a considerable rate. A significant factor driving the need for medical supply delivery services globally is the increase in the number of efforts being made by governments of various nations worldwide. The expansion of government programs to raise public awareness of the effectiveness and convenience provided by medical supply delivery services is enabling these services to be used in the global healthcare industry.
The Increasing Need for Ensuring Secure Transportation of Testing Samples
The need for medical supply delivery services is rising due to the growing need to ensure the safe, prompt, and secure transportation of samples and specimens for testing, as well as the desire to cut costs associated with logistics and improve the healthcare system. In addition, the aging population, the prevalence of diabetes and hypertension, and the increase in organ transplant surgeries are propelling the growth of the medical supply delivery services market.
Lack of Required Infrastructure Strength to meet Patient’s Needs
There are a few conditions that must be met by the supplier in order to supply medical supplies, including enough product production and sufficient transportation capacity. Establishing medical supply distribution services need a sizable and effective infrastructure. A wide range of preparations and actions are aimed while setting up medical supply delivery services. Due to the rising need for medical supply delivery services, the market growth could be seriously hindered by a lack of infrastructure that is strong enough to meet consumer demand.
Medical Supply Delivery Service market is segmented based on regional analysis into five major regions: North America, Latin America, Europe, Asia Pacific and the Middle East and Africa. The factors contributing Asia Pacific to have a larger share of the global market in 2020 include the growing geriatric population, technological advancements, an increase in the prevalence of chronic diseases, an improvement in the medical tourism industry, higher labor costs amid a labor shortage, investments in infrastructure, changing healthcare models, and the growth of healthcare systems in developing economies were. Moreover, developing economies are increasingly adopting and using aerial drone technology, opening up new markets in nations like India and China.
The healthcare systems of numerous wealthy, developing, and underdeveloped countries have suffered severe setbacks as a result of the widespread novel Coronavirus. There was a global shortage of beds, medications, and oxygen at hospitals. The needs of people for treatment were being unmet by healthcare facilities all around the world. Moreover, the COVID-19 epidemic destroyed the global economic infrastructure. However, the COVID-19 offered a lucrative hub with significant growth prospects for the industry through medical supply delivery services.
|Market size value in 2021
|USD 51.44 Billion
|Revenue forecast in 2032
|USD 117.8 Billion
|CAGR of 7.8% from 2022 to 2032
|Base year for estimation
|Revenue in USD million and CAGR from 2022 to 2032
|Revenue forecast, company ranking, competitive landscape, growth factors, and trends
|Application, Mode of Service, End User, and Region
|North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA)
|Key companies profiled
|DHL International GmbH, United Parcel Service, Agility Logistics, XPO Logistics, LogistiCare Solutions, FedEx Corporation, Amazon Logistics, CEVA Logistics, Wings Logistics Canada Inc., International SOS, Matternet, Zipline, Flirtey, Swoop Aero, ModivCare Solutions, and Other Prominent Players.
The Medical Supply Delivery Service market size was estimated at USD 51.44 Billion in 2021 and is expected to reach USD 117.8 Billion in 2032.
A medical supply delivery service delivers medical supplies, such as oxygen tanks, medical samples, lab equipment, and diabetes supplies.
The Lab Specimens & Reports and Patients segments accounted for the larger share of the Medical Supply Delivery Service Market.
Key players in the Medical Supply Delivery Service market are DHL International GmbH, United Parcel Service, Agility Logistics, XPO Logistics, LogistiCare Solutions, FedEx Corporation, Amazon Logistics, CEVA Logistics, Wings Logistics Canada Inc., International SOS, Matternet, Zipline, Flirtey, Swoop Aero, ModivCare Solutions, and Other Prominent Players.
The primary driver of the Medical Supply Delivery Service Market growth is the increasing demand for the quick transportation and urgent delivery of medications and medical supplies.
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