Industry Analysis
With the advancement of technology, medical drones have brought about augmented adoption, primarily through the means of hospitals sectors. The usage of drones in healthcare sector show immense beneficial results. Drones aid in pressing desires of sufferers with the transport of required medicines, vaccines, and such in nearby areas.
Data Bridge Market Research analyses a growth rate in the global medical drones market in the forecast period 2022-2029. The expected CAGR of global medical drones market is tend to be around 16.86% in the mentioned forecast period. The market value was found to be USD 227.53 million in 2021and is expected to reach USD 791.34 million by 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Medical drones are very useful in accessible areas to provide medical supplies such as medicines, vaccines and medical supplies. With these medical drones, secure and rapid distribution is carried out in remote areas, war-torn areas, or inaccessible areas. Recently, the use of medical drones has become popular in government and health services to help reduce infectious and life-threatening illnesses. Medical drones are undergoing continuous research and development to produce new products with fast and accurate delivery.
Global Medical Drones Market Dynamics
Drivers
- Quick Delivery of Medicines
The development of the use of drones in the medical field will prove to be useful for the market development of medical drones. Drones address the critical patient needs in delivering the necessary vaccines, medicines, blood products, and antitoxin products to different regions. Prompt delivery encourages healthcare professionals to quickly provide treatment that can save the patient's life. In addition, the drug can be delivered at the patient's bedside, reducing errors in the healthcare setting. Such a wide range of drone applications expands the development of the global medical drones market.
- Government Funds and Funding for Medical Drones
Varied government funds and funding from private organizations are helpful for the flourishing of medical drones. For instance, increasing government initiative to develop unarmed aircraft will facilitate innovation. For instance, the Government of Tanzania and DHL have partnered in 2018 to launch a medical drone delivery program. Zipline is also working on the distribution of blood, life-saving medicines and vaccines. The main goal of the government behind these initiatives is to save lives by providing medicines when needed.
Opportunities
- Launch of New Products Increase the Market Growth
Increasing product launches are expected to drive market growth over the next few years. For example, in September 2020, Zipline announced that it had partnered with Wal-Mart to launch a new US drone delivery business. The program targets on-demand delivery of health and wellness products and will begin early next year near Wal-Mart headquarters in Bentonville, Arkansas. Zipline's launch and release system enables on-demand delivery within an hour and can be operated from the Wal-Mart store for a radius of 50 miles.
- Increase in the Number of Mergers and Acquisitions
The increasing number of mergers and acquisitions is expected to drive industry growth over the next few years. For instance, Precision Hawk's November 2018 acquisition of Uplift Data Partnered is the fifth in nine months, highlighting the new integration of the drone industry as companies seek to grow in rapidly evolving markets. Uplift specializes in providing turnkey inspection services for the construction, building information management and real estate industries. We have provided drone services to major companies such as Amazon, Apple, Macy's, CVS Pharmacy and Dollar General.
Global Medical Drones Market Scope and Market Size
The global medical drones market is segmented on the basis of type, application and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Fixed Wing
- Rotor Drones
- Hybrid Drones
Application
- Acute Care
- Vaccination Programs
- Blood bank Transferring
- Drug/Pharmaceutical Transferring
End User
- Government Organizations
- Emergency Medical Services,
- Blood Banks
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Medical Drones Market Country Level Analysis
The global medical drones market is analysed and market size insights and trends are provided by country, type, application and end-user as referenced above.
The major countries covered in the medical drones market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the medical drone market with increased investment by governments and private organizations in the development of advanced products, while the Asia-Pacific region will grow at the highest growth rate during the 2022-2029 forecast period. Improving medical facilities and increasing public awareness of the benefits of medical drones.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Medical Drones Market Share Analysis
The medical drones 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 budesonide inhaler system market.
Key players operating in the global medical drones market include:
- Zipline International Inc(US)
- DHL(Germany)
- Volocopter GmbH (Germany)
- Volansi, Inc., (U.S.)
- Embention (Japan)
- Flirtey(US)
- Matternet(US)
- Vayuvision(US)
- Flytrex Inc., (Israel)
- Airbus(France)
- ATT Intellectual Property.(US)
- EHang(China)
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MAJOR TOC OF THE REPORT
- Chapter One: Introduction
- Chapter Two: Market Segmentation
- Chapter Three: Market Overview
- Chapter Four: Executive Summary
- Chapter Five: Premium Insights
- Chapter Six: Medical Drones Market by Product Procedure type
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Research Methodology: Global Medical Drones Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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