Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 67.29 Billion | USD 187.39 Billion | 10.8% | 2023 |
According to Zion Market Research, the global Medical Supply Delivery Service Market was worth USD 67.29 Billion in 2023. The market is forecast to reach USD 187.39 Billion by 2032, growing at a compound annual growth rate (CAGR) of 10.8% during the forecast period 2024-2032. The report offers a comprehensive analysis of the market, highlighting the factors that will determine growth, potential challenges, and opportunities that could emerge in the Medical Supply Delivery Service Market industry over the next decade.
Escalating requirement for warranting safety and security of medical samples as well as specimens during transportation process will enhance demand for medical supply delivery services. Rise in occurrence of road collisions resulting in huge loss of blood, thereby culminating into blood requirement, has boosted popularity of medical supply delivery services across globe. Rise in number of elder persons prone to chronic ailments & high blood pressure along with other kinds of severe disorders will bolster need for medical supply delivery services.
A humungous focus on enhancing healthcare systems along with a reduction in healthcare logistics costs will steer growth of medical supply delivery service market growth. Furthermore, the launching of drone delivery solutions has helped the healthcare sector transport healthcare products at rapid speed & exact time, thereby reducing operational costs along with improving patient care services. This will further embellish the medical supply delivery service market size. Moreover, tiny drones have helped in delivering medicine to patients’ bedside direct from pharmacies with minimal human intervention and this has resulted in reduction in drug administrating errors & turnaround lab testing timespan, thereby intensifying business growth trends.
With outbreak of COVID-19 pandemic, there is an escalating need for timely delivery of healthcare supplies along with smooth & seamless transportation of special kind of drugs. This is predicted to drive growth of medical supply delivery service market. Increase in number of surgeries and organ transplants will prop up scope of medical supply delivery service activities across the globe. Urgent need of medicine supplies during hematology procedures, bone marrow surgeries, and cardiovascular surgeries as well as in case of emergencies has prompted market demand. Requirement of just-in-time delivery of medicine supplies and need for reducing routine prescription care charges is likely to translate into massive growth of medical supply delivery service industry.
Report Attributes | Report Details |
---|---|
Report Name | Medical Supply Delivery Service Market |
Market Size in 2023 | USD 67.29 Billion |
Market Forecast in 2032 | USD 187.39 Billion |
Growth Rate | CAGR of 10.8% |
Number of Pages | 170 |
Key Companies Covered | DHL International GmbH, FedEx Corporation, ModivCare Solutions, LLC, CEVA Logistics, Agility Public Warehousing Company K.S.C.P., United Parcel Service of America, Inc., CEVA Logistics, Matternet, Inc., International SOS, Zipline, Swoop Aero, Flirtey, and Wings Logistics Canada Inc. |
Segments Covered | By Mode of Service, By Application, By End-Use, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Asia Pacific To Contribute Largest Share Towards Regional Market By 2032
Expansion of the medical supply delivery service industry in Asia Pacific over forecast timeline is owing to the presence of strong healthcare infrastructure facility, rise in the geriatric population prone to chronic ailments, and rise in medical tourism activities in the subcontinent. In addition to this, the introduction of new patient-centric models and evolving healthcare tools in emerging economies of Asia Pacific zone will spur regional market size. Acceptance of aerial drone systems in countries such as India and China will proliferate market growth in the region over the forecasting period.
Key players leveraging industry space and profiled in report include
By Mode of Service
By Application
By End-User
By Region
FrequentlyAsked Questions
The market for medical supply delivery services will increase as a result of the enormous attention being paid to improving healthcare systems and lowering healthcare logistics costs.
According to Zion Market Research, the global Medical Supply Delivery Service Market was worth USD 67.29 Billion in 2023. The market is forecast to reach USD 187.39 Billion by 2032.
According to Zion Market Research, the global Medical Supply Delivery Service Market a compound annual growth rate (CAGR) of 10.8% during the forecast period 2024-2032.
The presence of a strong healthcare infrastructure facility, an increase in the geriatric population susceptible to chronic illnesses, and an increase in medical tourism activities in the subcontinent all contribute to the expansion of the medical supply delivery service industry in Asia Pacific over the forecast timeline.
The Global Medical Supply Delivery Service Market is led by players like DHL International GmbH, FedEx Corporation, ModivCare Solutions, LLC, CEVA Logistics, Agility Public Warehousing Company K.S.C.P., United Parcel Service of America, Inc., CEVA Logistics, Matternet, Inc., International SOS, Zipline, Swoop Aero, Flirtey, and Wings Logistics Canada Inc.
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