Medical Drone Market Size is predicted to reach at USD 1,282.6 million by 2030
Global Medical Drone Market Size is anticipated to be gain USD 1,282.6 million by 2030, with a CAGR of 24.4% over the appropriate years of 2022-2030, as per the Acumen Research and Consulting
Medical Drone Market Report Key Strategies
- Global Medical Drone Market revenue was worth USD 181.1 million in 2021, with a 24.4% CAGR from 2022 to 2030
- The U.S. Medical Drones Market accounted for around 30% revenue share in 2021
- Among applications, blood transfer segment accounted the over 25% market share in 2021
- By end-use, emergency medical services are predicted to grow around 25% over the projected timeframe
- Rising government initiatives and rapid advancement by key industry participants are propelling the medical drones market size
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Medical Drone Market Report Coverage :
|Market||Medical Drone Market|
|Medical Drone Market Size 2021||USD 181.1 Million|
|Medical Drone Market Forecast 2030||USD 1,282.6 Million|
|Medical Drone Market CAGR During 2022 – 2030||24.4%|
|Medical Drone Market Analysis Period||2018 – 2030|
|Medical Drone Market Base Year||2021|
|Medical Drone Market Forecast Data||2022 – 2030|
|Segments Covered||By Type, By Product, By Application, and By Geography|
|Regional Scope||North America, Europe, Asia Pacific, Latin America, and Middle East & Africa|
|Key Companies Profiled||Active Concepts LLC, Unilever, Greentech, Keraplast Technologies, MakingCosmetics Inc., Rejuvenol, Akola Chemicals (I) Limited, Medical Drone Express, Parchem Fine & Specialty Chemicals, and Hefei TNJ Chemical Industry Co., Ltd.|
|Report Coverage||Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Covid-19 Analysis, Regulation Analysis|
The constantly rising use of unmanned aerial vehicles (UAVs) in the healthcare sector is propelling the medical drone market growth. According to the report, approximately 40% of the drones would be used in the health care and government welfare industries for pharmaceutical delivery in 2021. However, the increasing adoption of medical drones in remote areas is the leading aspect driving the medical drones market share. Rising technological advancement in the drone industry is also fueling the medical drone market growth. Delivering organ transfers, enabling home healthcare, and transporting vaccines are the recent medical drone market trend that is fueling the industry demand.
Medical drones are an innovation in delivering medical supplies and other healthcare-related products that cannot be delivered by land transport. Medical drones are small unmanned aerial vehicles (UAVs) that help healthcare professionals to interact with patients and transport necessary medical supplies from a distance. Drones are a perfect emerging technology for medical providers to use for both emergency and non-emergency situations as they are becoming more dependable and less expensive. Therefore, it is not surprising that the medical drone market trend is expanding rapidly.
Global Medical Drone Market Dynamics
Integration of artificial intelligence and the development of multi-drop drones are some of the latest trends in the medical drones market that are fueling industry growth. The integration of AI with drone technology has assisted in aerial mapping, surveillance and monitoring applications, and infected patient tracking among other applications. This has triggered key players to develop innovative drones due to the widespread application of these by end-users. As a result, Folio3 Software Inc. launched an AI-based drone that provides aerial mapping, monitoring real-time data and analytics and other significant applications.
Furthermore, according to UNICEF – eighteen countries have implemented drones for transportation and delivery reasons during the COVID-19 pandemic. For example, on October 29, 2021, India’s Indian Council of Medical Research Organization used drones to deliver COVID-19 vaccines to Manipur, Nagaland, and the Andaman and Nicobar Islands (Source: WHO India). As a result, there was a positive impact on the medical drones market value during the coronavirus pandemic.
However, a lack of skilled pilots and unified air traffic management would suppress the market growth in the coming years. Besides that, strict government regulations associated with these drones are also limiting the medical drone market growth.
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The global medical drone market segmentation is based on the application, end-use, and region.
Based on application, the segment is split into vaccination programs, blood transfer, and drug/pharmaceutical transfer. According to our current medical drone industry analysis, the vaccination program sub-segment is anticipated to achieve the fastest growth rate in the coming years. The rapid spread of the COVID-19 pandemic coupled with the increasing vaccination program across the world primarily fuels segmental growth. In terms of share, the blood transfer segment achieved a noteworthy market number due to the increased number of patients requiring blood in the world.
Furthermore, the end-use segment is divided into two sections emergency medical services and blood banks. According to our medical drone market forecast, the blood bank sub-segment will lead the market from 2022 to 2030. The rising need for blood in various end-users such as hospitals, clinics, ambulatory centers, and other medical centers is fueling the blood bank segmental growth.
Global Medical Drone Market Regional Outlook
The global medical drone market is divided into several geographic regions, including North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa. Based on our medical drone market regional analysis, the North America region occupied the maximum amount of share in 2021 and is likely to continue its dominance during the forecast timeframe from 2022 to 2030. The farthest adoption of medical drones and the presence of prominent players in the US and Canada are the primary factors boosting the North American medical drone market.
In terms of growth, Asia-Pacific is likely to witness significant growth from 2022 to 2030. The increasing government investments and initiatives for medical drones, advancements in UAV technology, and rising research & development activities to develop AI-based medical drones are the factors that are supporting the Asia-Pacific medical drone market.
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Medical Drone Market Players
Several well-known key players of medical drone are DHL, SZ DJI Technology Co., Flirtey, Ltd, Embention, Matternet, Skyfarer Ltd. Ebre Drone LLC, Vayu, Volocopter GmbH, 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. Richard Johnson
Acumen Research and Consulting