Global Medical Drone Market Size is expected to be valued USD 643.3 million by 2027, with a CAGR of 24.9% throughout the projected timeframe, according to Acumen Research & Consulting
The rapidly increasing use of unmanned aerial vehicles (UAVs) in the healthcare sector is driving the medical drone market growth. According to the global medical drone industry analysis, by integrating these technological advancements with the medical supplies market, medical drones ensure that instantaneous supply reaches the end-user as soon as possible. Furthermore, increasing government spending on unmanned aerial vehicle mass production, as well as the government’s increasing focus on healthcare digitalization, will drive market growth.
A medical drone is a type of unmanned aerial vehicle (UAV) used by healthcare professionals to transport medical supplies and interact with patients remotely. Drones are commonly used by healthcare organizations to transport supplies from physicians’ offices to sick people, research facility associates, and waste disposal facilities. Medical drones can focus on providing serum, drugs, and small diagnostic supplies to remote locations quickly and efficiently. While retail stores are still experimenting with drone technology for large package delivery to customers, medical drones are already in use in developing countries. Furthermore, drones can serve as a reliable medical streaming platform for microbiological and research laboratory samples collected immunizations, pharmaceuticals, emergency diagnostic supplies, and patient transport. Medical drones began delivering essential medications and blood transfusions in Rwanda in 2016, helping individuals in becoming more aware of biological drugs, which saved people’s lives in an emergency.
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Global Medical Drone Market Growth Aspects
The rising use of advanced technology in the healthcare industry, the growing incidence of harsh bleeding deaths, the rising prevalence of initiatives to boost the prevalence of medical drones, and the rise in awareness about the availability and benefits of medical drones will all eventually push the growth of the medical drones market over the forecast period. Furthermore, substantial investments in research and development of advanced medical unmanned aerial vehicles, key advancements in technology, and widespread public acceptance have all contributed to market expansion.
Besides that, rising R&D expenditure will open up more opportunities, propelling the medical drones market forward during the projected timeline. Rapid improvements in medical drone technology will enable the efficient delivery of critical, life-saving medicines with short half-lives. In recent, Zipline launched Ghana’s largest vaccine drone delivery network in 2019, allowing for the faster and smoother delivery of medical amenities to distant and remote areas. Large corporations such as Google and Amazon have plans to introduce drone technology in healthcare that is faster, more accurate, and safer. Aside from that, operational issues, stringent regulations, and rising risk will stymie the growth of the medical drones market throughout the projecting period.
Impact of COVID-19
The global epidemic of covid-19 has had a considerable impact on the global economy. Even so, due to the high demand for COVID-19 vaccines and treatment drugs, the pharmaceutical and biopharmaceutical industries are projected to grow significantly in the coming years. Similarly, the use of medical drones has increased dramatically since Covid-19. During a pandemic, it has grown in popularity as a source of medical assistance, plasma, blood, and immunizations. Since medical drones are typically used locally or in remote areas, they have been widely used in emergency shutdown circumstances to avoid further expansion. Aid from the government and numerous fundraisers are helping to improve the situation. Researchers can anticipate a faster recovery during the forecast period, particularly as the Covid situation improves.
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Medical Drone Market Segmentation
According to Acumen Research and Consulting, the global medical drone market is segmented by application, and end-use. By application, the segment is further segmented into blood transfer, vaccination program, and drugs/pharmaceutical transfer. By end-use, the segment is divided into blood banks, and emergency medical services.
Medical Drone Market Regional Outlook
North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa are the regional classification of the medical drone market. According to the medical drone market forecast, the North America region is expected to grow significantly in the coming years. As a result of increased government and private sector economic expansion and the development of advanced products, such regions dominate the medical drones market. Furthermore, substantial funding for medical drone investigation, as well as widespread acceptance of medical drones in various health care facilities such as clinics, hospitals, and ambulatory surgical centers, drive market growth in the region. The US medical drones market is experiencing significant growth in the North America market as a result of favorable government initiatives and the availability of a sufficient number of market players.
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Medical Drone Market Players
Some of the prominent medical drone market companies are SZ DJI Technology Co., Ltd, DHL, Flirtey, Vayu, Matternet, Embention, and Zipline.
Acumen Research and Consulting is a global provider of market intelligence and consulting services to information technology, investment, telecommunication, manufacturing, and consumer technology markets. ARC helps investment communities, IT professionals, and business executives to make fact based decisions on technology purchases and develop firm growth strategies to sustain market competition. With the team size of 100+ Analysts and collective industry experience of more than 200 years, Acumen Research and Consulting assures to deliver a combination of industry knowledge along with global and country level expertise.
Mr. Frank Wilson
Acumen Research and Consulting
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