USD 0.26 Billion
Report ID:
SQMIG35D2038 |
Region:
Global |
Published Date: September, 2024
Pages:
219
|Tables:
63
|Figures:
75
Medical Drone Market size was valued at USD 0.3 Billion in 2023 and is poised to grow from USD 0.35 Billion in 2024 to USD 1.24 Billion by 2032, growing at a CAGR of 16.86% during the forecast period (2025-2032).
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.
Global Market Size
USD 0.26 Billion
Largest Segment
Rotary wing
Fastest Growth
Rotary wing
Growth Rate
16.86% CAGR
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Global Medical Drone Market is segmented on the basis of Type, Application, Technology and Region. Based on Type, the market is segmented into rotary wing, fixed wings, and hybrid. Based on Application, the market is segmented into, blood transfer, drug transfer, vaccine transfer. Based on technology, the market is segmented into remotely operated, semi–autonomous and full autonomous. Based on Region, the market is segmented into North America, Europe, Asia Pacific, Latin America, and MEA.
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.
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.
Analysis by Technology
The market is classified in remotely operated, semi–autonomous and full autonomous. The remotely operated segment is the largest segment with a high adoption rate for various medical applications. This segment is also the fastest growing segment. In June 2021, Dunzo , a delivery service provider declares it was working with high technical experts creating a remote operated drone based healthcare logistics in Telangana, India with the governance of the same.
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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. This market is expected to grow as great demand of medical drones and OEMs. The market in the region is expanding due to consumer demand and technological advancements. During pandemic, U.S was the first country to takeover with advance technologies such as disinfecting sprays over drones in public places. The development of medical drones has received research funding and medical drones are widely used by hospitals, clinics, and ambulatory surgery centres. 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. In developed countries like France, Italy, the U.K, Germany high demand for drones was seen. The pandemic helped with the technological advancements for making deliveries on-time and effective enough.
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.
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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.
Government funds and funding for medical devices
Many private organizations help along with the government fundings for growth in medical drone sector. Various initiatives by government for development of unarmed aircraft. Zipline working on blood and vaccines distribution.
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.
Lack of skilled pilots and infrastructure
Irrespective of multiple developments and governance assistance there has been shortage of people who handle the operating of drones and improper organisation of air traffic judgements for the prevention of sudden obstacles created due to insignificant entity.
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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
Recent Development
In April 2023, Michigan Medicine, a healthcare provider, planned to double the in-house pharmacy numbers using Zipline. The operation benefited over a thousand patients around the county and with a distance covering 10 mile flights in record 10 minutes.
In May 2023, RigiTech, a Swiss UAV medical drone delivery specialist, announced a strategic partnership with Spright, a U.S.-based healthcare transport company. The partnership was initiated to expand across Europe and the world.
In June 2023, Wingcopter GmbH, a Germany-based drone services provider, partnered with Siemens Healthineers Middle East, Southern & Eastern Africa to make drone delivery solutions for medical supplies. The partnership will provide deliveries of medicals in the African subcontinent.
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.
These delivery drones can also be used as ambulance drones to deliver automated external defibrillators (AEDs) to patients experiencing cardiac arrest. One such example is the medical drone from Delft University; it is an ambulance drone to speed up emergency response, which can save fatalities and hasten recovery for a critical patient in the initial minutes of cardiac arrest, drowning, trauma and respiratory problems.
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 |
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
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.
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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Report ID: SQMIG35D2038
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