USD 0.26 Billion
Medical Drone Market Size, Share, Growth Analysis, By Type(Rotary wing, Fixed wing), By Application(Blood transfer, Drug transfer) - Industry Forecast 2024-2031
Report ID:
SQMIG35D2038 |
Region:
Global |
Published Date: April, 2024
Pages:
219
|
Tables:
63 |
Figures:
75
Medical Drone Market Insights
Global Medical Drone Market size was valued at USD 0.26 Billion in 2022 and is poised to grow from USD 0.30 Billion in 2023 to USD 1.06 Billion by 2031, growing at a CAGR of 16.86% during the forecast period (2024-2031).
Medical drones are an innovation in delivering medical supplies and other healthcare-related products that cannot be transported by ground transportation. Medical drones are small unmanned aerial vehicles (UAVs) that help healthcare professionals communicate with patients and deliver essential medical supplies remotely. Drones are a perfect developing technology for medical providers to use in emergency and non-emergency situations as they become more reliable and less expensive. Hence, the medical drone market is expanding rapidly. Drones for medical use are used to deliver medical supplies such as medicine, vaccines, and medical aid to remote areas. These medical drones provide safe and timely delivery to remote, conflict, or inaccessible locations. In recent years, the use of medical drones to prevent infectious and life-threatening diseases has become popular among government and healthcare organizations. The cost of drones varies depending on the model and size. Drones typically have a lower startup and running costs than traditional modes of transportation. Most drones are very easy to use and have no learning curve. Medical professionals can conveniently launch drones from parking lots, rooftops, and nearby grounds.
Global medical drone market is expanding due to research and development, government initiatives, public acceptance, and usage for medical applications. An increase in government initiatives focusing on the creation of unmanned aerial vehicles will encourage technological advancement. Zipline is also involved in the distribution of blood, life-saving drugs, and vaccines. The primary objective of the government behind these projects is to save the lives of people by providing them with medicines in their time of need. Also, technological advancements in drone technology help drone operations to be carried out autonomously and safely, thereby contributing to their increased adoption in the drone delivery ecosystem.
US Medical Drone Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Rotary wing
Fastest Growth
Rotary wing
Growth Rate
16.86% CAGR
Global medical drone market, 2022-2030 ($ Bn)
Country Share for North America Region- 2022 (%)
Global medical drone market size by type, 2022-2030 ($ Bn)
Global medical drone market size by type, 2022-2030 (%)
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Medical Drone Market Segmental Analysis
Global medical drone market is segmented on the basis of type, application, and region. On the basis of type, global market is segmented into rotary wing, fixed wings, and hybrid. On the basis of application, global Medical Drone Market is segmented into, blood transfer, drug transfer and vaccine transfer. On the basis of region, global Medical Drone Market is divided into North America, Europe, Asia Pacific, Latin America, and MEA.
Medical Drone Market Analysis by Type
On the basis of type, global medical drone market is segmented into rotary wing, fixed wings, and hybrid. The rotary wing segment dominated the global market and is expected to have the largest impact on the global market. The segment is growing due to the high demand for rotary wings for medical supplies, public sector sanitation, monitoring, and surveillance applications during the global Covid-19 pandemic.
The hybrid segment is expected to grow at the fastest CAGR due to increased endurance and range, the ability to transport larger payloads, and a wider area of scope for medical applications. In addition to increasing capabilities for applications including crop imaging, military surveillance, emergency response, and remote infrastructure inspection, hybrid drones may one day enable drone package delivery.
Medical Drone Market Analysis by Application
On the basis of application, global medical drone market is segmented into, blood transfer, drug transfer and vaccine transfer. The blood transfer segment dominated the global market. Drones are used to transfer blood samples to health facilities to speed up HIV diagnosis in infants. Also, drones can travel a distance of three hours in around fifteen minutes. As a result, in case of emergencies, they play an important role in transferring blood to patients. Furthermore, blood is necessary for all major surgeries and during childbirth. So, the increasing need for quick delivery of blood will increase the adoption of drones drive market growth.
The vaccine segment is expected to grow at a significant CAGR during the forecast period. This growth can be attributed to the advantage of medical drones in delivering vaccines to remote areas in less time. Some remote areas such as Cook Bay (Canada) are only accessible by boat, making it difficult to deliver essential vaccines to children and pregnant women. Also, various organizations such as UNICEF are funding medical drones to provide vaccines in emergencies and remote areas, which boost the growth of the segment.
Global medical drone market size by type, 2021 (%), 2022 (%)
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Medical Drone Market Regional Insights
On the basis of region, global medical drone market is divided into North America, Europe, Asia Pacific, Latin America, and MEA. North America dominated the global market. The market in the region is expanding due to consumer demand and technological advancements. The development of medical drones has received research funding and medical drones are widely used by hospitals, clinics, and ambulatory surgery centres. These factors have led to the expansion of the medical drone market in North America. Also, both the US and Canada have important regulations supporting the use of drones in the healthcare industry, which also helps in market expansion in the region.
Europe is the second largest region in the medical drone market. Many countries in Europe have become more accommodating and are willing to change existing administrative regulations, making it easier for medical drones to enter the healthcare industry. This market expansion is driven by accommodating regulations, high government and OEM investment rates in unmanned technology, and government initiatives to strengthen healthcare systems in the wake of the pandemic.
Asia Pacific is growing at a significant CAGR during the forecast period due to the high adoption rate, investments by OEMs and governments, and the presence of OEMs there like DJI, and market expansion by international market players like Zipline. Also, one of the main driving factors is the increasing involvement of governments from all nations in the region. Also, significant investment has been made in research and development.
Global medical drone market size by geography, 2022-2030, 2024-2031
- Largest
- Fastest
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Medical Drone Market Dynamics
Medical Drone Market Driver
- Quick delivery of medicines
Drones carry essential medicines, blood supplies, vaccinations, and antitoxins to various locations, addressing the urgent needs of patients. Rapid delivery encourages healthcare professionals to quickly provide treatment that can save a patient's life. Also, the drug can be dispensed at the patient's bedside, reducing errors in the healthcare setting.
Medical Drone Market Restraint
- Strict government regulations associated with medical drones
One of the major factors hampering the growth of the market to some extent is the strict government regulation. These rules add some complexity to the implementation process. Also, there are various countries that are willing to modify the existing management guidelines to be flexible and facilitate access to medical drones in the medical field. However, the complications associated with medical drones may hamper the growth of the global medical drone market across the world.
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Medical Drone Market Competitive Landscape
Global medical drone market is highly competitive with the presence of local as well as global companies. The major players are adopting several growth strategies such as product launches, acquisitions, and collaborations, which are contributing to the growth of global market.
For example, Avy BV, a Dutch manufacturer of UAVs, has announced a partnership with Robotic Skies Inc., a global supplier of drone maintenance services, to create an in-field fleet support program for Avy's growing fleet of autonomous long-range life-saving drones UAVs. The partnership will help maintain Avy's large operational fleet for critical medical and humanitarian flight operations around the world.
DHL, one of the logistics organizations in Germany, had launched drones that are small in size. The purpose of this drone is to help medical professionals and patients with essential supplies in remote locations and coastal areas. DHL aims to create a drone capable enough to take off vertically without needing the ground to take off. It is expected to have a sensor that controls the temperature.
Medical Drone Market Top Player's Company Profiles
- Zipline Inc.
- DHL Express (a subsidiary of Deutsche Post AG)
- UPS Flight Forward (a subsidiary of United Parcel Service, Inc.)
- DJI Technology Co. Ltd.
- Embention
- Vayu Inc.
- Flirtey Holdings Inc.
- Matternet Inc.
- Altitude Angel
- Viable Design LLC
- Skycart Inc.
- Meya MedTech
- Rigi Technologies
- InTouch Health
- EHang Holdings Limited
- Air Ambulance Technology GmbH
- Drone Delivery Canada Corp.
- FLYTBASE Inc.
- MediDrone
- Edall Systems
Recent Development
- Cipla introduced drone-based vital medication delivery services in India in September 2023. By making this change, the business will be able to distribute crucial pharmaceuticals to locations that are challenging to get and expand its reach.
- OhioHealth and Ziplinein announced a partnership have August 2023 to include Zipline's fully electric drone delivery into OhioHealth's network for drone delivery of supplies, lab work, and prescriptions.
- Siemens Healthineers Middle East, Southern & Eastern Africa and Wingcopter GmbH, a German drone services company, teamed together in June 2023 to develop drone delivery options for medical supplies. The collaboration will facilitate the subcontinental African region's access to medical supplies.
- The U.S.-based healthcare transport company Spright and the Swiss UAV medical drone delivery expert RigiTech established a strategic alliance in May 2023. The collaboration was started to support global and European expansion.
Medical Drone Key Market Trends
- Improving technologies such as Artificial Intelligence (AI) and the Internet of Things (IoT) is a major trend in the medical drone market. Technological advancements in drone technology help drone operations to be carried out autonomously and safely, contributing to their growing adoption in the drone delivery ecosystem.
- Increasing product launches is a key trend that drives market growth over the next few years. In September 2020, Zipline announced that it had partnered with Wal-Mart to create a new US drone delivery business.
Medical Drone Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our business information services team that collects, collates, co-relates, and analyses the data collected by means of primary exploratory research backed by the robust secondary desk research.
According to our global medical drone market analysis, global market is expanding due to research and development, government initiatives, public acceptance, and usage for medical applications. By region, North America holds the largest market share and is a dominant region in the medical drone market. Improving technologies such as Artificial Intelligence (AI) and the Internet of Things (IoT) is a major trend in the medical drone market.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 0.26 Billion |
| Market size value in 2031 | USD 1.06 Billion |
| Growth Rate | 16.86% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Medical Drone Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Medical Drone Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Medical Drone Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Medical Drone Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Medical Drone Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Medical Drone Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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