According to Market Research Future Analysis – Medical drones market is expected to accrue strong growth in forecast period 2019 to 2025. The global market research report provides in-depth industry analysis with free additional customization, including the impact of the COVID-19 pandemic.
Medical Drones Market Highlights
According to MRFR analysis, Medical Drones’ Market is expected to register a CAGR of 24.4% during the forecast period of 2019 to 2025 and was valued at USD 85.84 Million in 2018.
Medical drones help to carry medical supplies that consist of medications, vaccines, and medical aids, among others. These drones are used in isolated or inaccessible areas for the rapid and secure distribution of medical supplies and also to war-torn areas from medical facilities.
The growth of the global medical drones market is attributed to factors such as the rising number of government initiatives, applications of medical drones, research & development activities, and public acceptance. However, strict laws associated with the approval of medical drones are likely to hamper the growth of the market during the forecast period.
The key players in the medical drones market are aggressively involved in R&D, geographic expansions, product launches, and strategic collaborations to strengthen their market positions.
Medical Drones Market: Overview
Medical drones help in the transport of medical supplies such as vaccines, medications, and medical aids. These drones are deployed in remote or inaccessible areas for the rapid & secure distribution of medical supplies and the war-torn regions from medical facilities. In recent years, the usage of medical drones has been seeking the attention of healthcare providers and governments to offer better healthcare services to remote locations.
In 2019, a prominent industry player Zipline planned for expansion in medical drone delivery in Ghana location. The medical drones delivered vaccines to remote areas of the Africa region. All these activities encouraged the use of medical drones, thus resulting in a high expansion of medical drones’ market at a global level.
A prominent case of point occurred in 2018, where the government of Tanzania and DHL partnered to launch a medical drone delivery program. It was aimed towards delivering and distribute blood, life-saving medications, and vaccines. The government’s main intention behind these initiatives was to save the lives of people by providing medications in the hour of need. Renowned industry players such as DHL, Embention, DJI, Matternet, Flirtey, Vayu, and Zipline are implementing strategies of expanding distributional channels in untouched locations, collaborations, and new product launched to garner a higher share of the market.
Medical Drones Market Key Players
Some of the Key Players in the Global Medical Drones Market are DJI (China), DHL (Germany), Embention (Spain), Flirtey (US), Matternet (US), Vayu (US), Zipline (US), EHang (China), TUDelft (The Netherlands), and others, contributing to the market’s expansion.
Get a FREE Sample with Complete TOC By Considering the COVID-19 impact on Global Market @ https://www.marketresearchfuture.com/sample_request/8596
Medical Drones Market: Segmentation
The Global Medical Drones Market has been segmented based on applications and end-user.
The market, based on application, has been segmented into blood transfer, pharmaceutical/drug transfer, vaccine transfer, and others. The blood transfer segment is expected to witness healthy growth during the forecast period owing to the rising number of deaths due to severe bleeding. For instance, each year around 2 million people die from blood loss or hemorrhaging across the globe.
The global medical drones market based on end-user has been segregated into emergency medical services, blood banks, and others.
Medical Drones Market: Regional Outlook
The market has been divided by region, into the Americas, Europe, Asia-Pacific, and the Middle East & Africa.
The Americas is anticipated to hold the largest market share throughout the forecast period owing to the aggressive R&D activity by public and private organizations in the US, raising awareness, and strategic alliances between key players. For instance, between July to Sep 2019, Zipline a US-based drone company entered the partnerships with the DoD and Naval Medical Research Center to provide drones throughout four multinational military forces exercises in Australia. The medical drones market in the Americas has further been divided into North America and Latin America, with the North American market further divided into the US and Canada.
The European medical drones market has been categorized as Western Europe and Eastern Europe. The Western European market has further been classified as Germany, France, the UK, Italy, Spain, and the rest of Western Europe. The medical drones market in Asia-Pacific has been segmented into Japan, China, India, South Korea, Australia, and the rest of Asia-Pacific. Due to the presence of a large patient pool and expansion of healthcare facilities, the market in Asia-Pacific is expected to be the fastest-growing during the forecast period. The Medical Drones market in the Middle East & Africa has been divided into the Middle East and Africa.
Obtain Premium Research Report Details, Considering the impact of COVID-19 @ https://www.marketresearchfuture.com/reports/medical-drones-market-8596
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
