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.
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Medical Supply Delivery Service Market (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) – Global Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook 2021 – 2030
Report Coverage
| Report Scope | Details |
| Market Size | USD 120.5 billion by 2030 |
| Growth Rate | CAGR of 11.3% From 2021 to 2030 |
| Base Year | 2021 |
| 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 |
Growth Factors
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.
Key Players
Market Segmentation
The study objectives of this report are:
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