The Medical Drones Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Medical Drones Global Market Report 2024, The medical drones market size has grown rapidly in recent years. It will grow from $1.31 billion in 2023 to $1.55 billion in 2024 at a compound annual growth rate (CAGR) of 17.7%. The growth in the historic period can be attributed to emergency medical response, inaccessibility of remote areas, reducing transport time, global health crises, regulatory support for drone operations.
The medical drones market size is expected to see rapid growth in the next few years. It will grow to $3 billion in 2028 at a compound annual growth rate (CAGR) of 18.0%. The growth in the forecast period can be attributed to integration of artificial intelligence, expansion of telemedicine services, enhanced payload capabilities, focus on last-mile delivery, evolving regulatory environment. Major trends in the forecast period include collaborations and partnerships, improving drone technology, development of automated drone stations, temperature-controlled transport for pharmaceuticals, humanitarian and disaster response.
The government’s funding for medical drones is expected to propel the growth of the medical drone market going forward. Medical drones, also known as medical transport drones, are unmanned aerial vehicles (UAVs) specifically designed and used for medical purposes within the healthcare industry. Government funding for medical drones refers to financial support provided by government agencies or authorities to develop, implement, or expand the use of drones for medical and healthcare purposes. For instance, in November 2022, according to the Department for Business, Energy, and Industrial Strategy, a UK-based government department, the UK government initiated approximately $14.38 million (12 million pound sterlings) in 24 innovative projects to eliminate regulatory hurdles and assist companies in bringing products and services that include medical drones. Furthermore, in July 2022, according to the Department for Business, Energy, and Industrial Strategy, a UK-based government department, the UK government revealed a $324 million (273 million pound sterlings) investment in aircraft innovation, including the creation of drones that can transport medical supplies. Therefore, government funding for medical drones is driving the growth of the medical drone market.
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The medical drones market covered in this report is segmented –
1) By Type: Fixed Wing, Rotor Drones, Hybrid Drones
2) By Payload Capacity: Below 2 Kg, 2-4 kg, Above 4 Kg
3) By Application: Emergency Blood Logistics, Medical Drug And Vaccine, Emergency Organ Logistics, Other Applications
4) By End-User: Hospitals, Blood Banks, Government Institutions, Other End-Users
Major companies operating in the medical drone market are developing innovative networks with advanced technologies, such as medical drone delivery networks to revolutionize healthcare and improve the delivery of medical supplies. Medical drone delivery networks are systems designed to transport medical supplies, equipment, and even organs using unmanned aerial vehicles (UAVs), commonly known as drones. For instance, in September 2022, the CAELUS consortium, led by AGS Airport, a UK-based airport company in collaboration with NHS Scotland, a Scotland-based government agency launched the second phase of the UK’s first medical drone delivery network. It is the first national drone network that can transport essential medicines, blood, and other medical supplies throughout Scotland, including to remote communities. This drone network can ensure critical medical supplies can be delivered more efficiently, reducing waiting times for test results and more.
The medical drones market report table of contents includes:
1. Executive Summary
2. Medical Drones Market Characteristics
3. Medical Drones Market Trends And Strategies
4. Medical Drones Market – Macro Economic Scenario
5. Global Medical Drones Market Size and Growth
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31. Medical Drones Market Other Major And Innovative Companies
32. Global Medical Drones Market Competitive Benchmarking
33. Global Medical Drones Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Medical Drones Market
35. Medical Drones Market Future Outlook and Potential Analysis
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