The global medical supply delivery service market size is expected to be worth around US$ 120.5 billion by 2030, according to a new report by Vision Research Reports.
The global medical supply delivery service market size was valued at US$ 50.6 billion in 2020 and is anticipated to grow at a CAGR of 11.3% during forecast period 2021 to 2030.
|Market Size||USD 120.5 billion by 2030|
|Growth Rate||CAGR of 11.3% From 2021 to 2030|
|Forecast Period||2021 to 2030|
|Segments Covered||Application, Mode of service, End-user|
|Regional Scope||North America, Europe, Asia Pacific, Latin America, Middle East & Africa|
|Companies Mentioned||DHL International GmbH; United Parcel Service of America, Inc.; Agility; ModivCare Solutions, LLC; FedEx; CEVA Logistics; wingslogistics; International SOS; Matternet; Zipline; Flirtey; Swoop Aero|
The growing need for ensuring quick, safe, and secure transportation of samples and specimens for testing, reducing logistics costs, and increasing focus on improving the healthcare system is increasing the demand for medical supply delivery services. The increasing incidence of road accidents owing to various factors leading to blood loss and immediate requirement for blood is boosting the market growth. Furthermore, the growing geriatric population, rising incidence of diabetes and hypertension, and the rising surgical procedures for organ transplants are driving the market growth.
An increase in the volume of surgical procedures, coupled with the surge in the adoption of medical courier services for delivering medical supplies to healthcare facilities on time, is expected to fuel the market growth. The growing need to ensure quick and secure transportation of samples and specimens for testing, declining cost of logistics, and increasing focus on improving the healthcare system are driving the demand for medical supply delivery services.
By Application Analysis
medical supplies accounted for the largest share of over 30.0%. The increasing number of surgical procedures, coupled with benefits offered by medical device delivery services for faster, cost-effective, and contactless delivery of products, is expected to drive the adoption of medical supply delivery services.
The lab specimens and reports application segment is anticipated to register the fastest growth rate during the forecast period. The COVID-19 pandemic increased the demand for these services as providers looked for these services to reduce the chances of contamination by ensuring contactless and on-time delivery of specimens.
By Mode Of Service Analysis
courier delivery accounted for the largest share of over 95.0% due to the presence of various national and multinational courier companies in the market that provide real-time tracking and a cost-effective way to transport medical supplies to hospitals and medical laboratories.
Drone delivery is anticipated to register the fastest growth rate during the forecast period. The growing public acceptance of medical drones in developing economies is anticipated to drive their demand, thereby propelling the market growth.
By End-user Analysis
pharmacies accounted for the largest share of over 20.0% due to the increasing benefits offered by these services to fulfill unmet needs of consumers by doorstep delivery of medical supplies that benefits them to avoid long pharmacy lines, COVID-19 disease spread, and human intervention.
The patients segment is anticipated to register the fastest growth rate during the forecast period owing to the adoption of medical delivery services enabling vulnerable patients to receive medicines at their doorstep to avoid interaction with COVID-19 patients.
By Regional Analysis
Asia Pacific accounted for the largest share of over 40.0% in 2020 due to factors such as improving healthcare infrastructure, growing geriatric population, rising prevalence of chronic diseases, technological advancements, improving medical tourism industry, infrastructure investments, higher labor costs amid workforce shortages, evolving care models, and the expansion of healthcare systems in developing economies.
Europe is expected to register the fastest growth rate during the forecast period. Increasing healthcare expenditures, the adoption of advanced technologies, and the presence of global players are propelling the market growth.
The Medical Supply Delivery Service market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of Medical Supply Delivery Service market for the base year 2020 and the forecast between 2021 and 2030. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global Medical Supply Delivery Service market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Medical Supply Delivery Service market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted Medical Supply Delivery Service market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
In terms of production side, this report researches the Medical Supply Delivery Service capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.
In terms of consumption side, this report focuses on the consumption of Medical Supply Delivery Service by regions (countries) and application.
Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Medical Supply Delivery Service market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2030. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Medical Supply Delivery Service market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Medical Supply Delivery Service market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
Overall, this is an in-depth research report specifically for the Medical Supply Delivery Service industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
Medical Supply Delivery Service market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Medical Supply Delivery Service market.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Medical Supply Delivery Service market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Medical Supply Delivery Service market. These factors have benefited the growth of the global market for Medical Supply Delivery Service. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Medical Supply Delivery Service. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).
In this study, the years considered to estimate the market size of Medical Supply Delivery Service are as follows:
Reasons to Purchase this Report:
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
The study objectives of this report are: