Global Medical Drones Market - Industry Trends and Forecast to 2029

Global Medical Drones Market, By Type (Fixed Wing, Rotor Drones, Hybrid Drones), By Application (Acute Care, Vaccination Programs, Blood bank Transferring, Drug/Pharmaceutical Transferring),  End User (Government Organizations, Emergency Medical Services, Blood Banks) – Industry Trends and Forecast to 2029

Market Analysis and Size

With the advancement of technology, medical drones have brought about augmented adoption, primarily through the means of hospitals sectors. The usage of drones in healthcare sector show immense beneficial results. Drones aid in pressing desires of sufferers with the transport of required medicines, vaccines, and such in nearby areas.

Data Bridge Market Research analyses a growth rate in the global medical drones market in the forecast period 2022-2029. The expected CAGR of global medical drones market is tend to be around 16.86% in the mentioned forecast period. The market value was found to be USD 227.53 million in 2021and is expected to reach USD 791.34 million by 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

Market Definition

Medical drones are very useful in accessible areas to provide medical supplies such as medicines, vaccines and medical supplies. With these medical drones, secure and rapid distribution is carried out in remote areas, war-torn areas, or inaccessible areas. Recently, the use of medical drones has become popular in government and health services to help  reduce  infectious and life-threatening illnesses. Medical drones are undergoing continuous research and development to produce new products with fast and accurate delivery.

Report Scope and Market Segmentation

Global Medical Drones Market Dynamics

Drivers

• Quick Delivery of Medicines

The development of the use of drones in the medical field will prove to be useful for the market development of medical drones. Drones address the critical patient needs in delivering the necessary vaccines, medicines, blood products, and antitoxin products to different regions. Prompt delivery encourages healthcare professionals to quickly provide treatment that can save the patient's life. In addition, the drug can be delivered at the patient's bedside, reducing errors in the healthcare setting. Such a wide range of drone applications expands the development of the global medical drones market.

• Government Funds and Funding for Medical Drones

Varied government funds and funding from private organizations are helpful for the flourishing of medical drones. For instance, increasing government initiative to develop unarmed aircraft will facilitate innovation. For instance, the Government of Tanzania and DHL have partnered in 2018 to launch a medical drone delivery program. Zipline is also working on the distribution of blood, life-saving medicines and vaccines. The main goal of the government behind these initiatives is to save lives by providing medicines when needed.

Opportunities

• Launch of New Products Increase the Market Growth

Increasing product launches are expected to drive market growth over the next few years. For example, in September 2020, Zipline announced that it had partnered with Wal-Mart to launch a new US drone delivery business. The program targets on-demand delivery of health and wellness products and will begin early next year near Wal-Mart headquarters in Bentonville, Arkansas. Zipline's launch and release system enables on-demand delivery within an hour and can be operated from the Wal-Mart store for a radius of 50 miles.

• Increase in the Number of Mergers and Acquisitions

The increasing number of mergers and acquisitions is expected to drive industry growth over the next few years. For instance, Precision Hawk's November 2018 acquisition of Uplift Data Partnered is the fifth in nine months, highlighting the new integration of the drone industry as companies seek to grow in rapidly evolving markets. Uplift specializes in providing turnkey inspection services for the construction, building information management and real estate industries. We have provided drone services to major companies such as Amazon, Apple, Macy's, CVS Pharmacy and Dollar General.

Restraints/Challenges

• Stringent Government Regulations Associated With Medical Drones

One of the issues that can hinder market growth to some extent is strict government regulation. These regulations add some complexity to the deployment process. Fortunately, however, there are various countries that are willing to modify existing management guidelines to be flexible and facilitate the entry of medical drones into the medical sector. However, complications associated with medical drones can hinder the growth of the industry to some extent.

This medical drones market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the global medical drones market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on Medical Drones Market

Considering the present scenario, COVID-19 has left an unprecedented global public health crisis that has impacted practically every business, and its long-term repercussions are expected to have an influence on industry growth during the forecast period. Our ongoing research is enhancing our research approach to guarantee that fundamental COVID-19 concerns and potential solutions are included.

Demand for vaccines and medicines to treat COVID19 is expected to significantly grow the pharmaceutical and biotechnology industries over the next few years. After the pandemic, the use of medical drones after Covid 19 has increased significantly. It has gained such popularity in the pandemic situation for supplying medicines, blood and vaccines. Medical drones are typically used in remote or inaccessible locations.

Global Medical Drones Market Scope

The global medical drones market is segmented on the basis of type, application and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

• Fixed Wing
• Rotor Drones
• Hybrid Drones

Application

• Acute Care
• Vaccination Programs
• Blood bank Transferring
• Drug/Pharmaceutical Transferring

End User

• Government Organizations
• Emergency Medical Services,
• Blood Banks

Medical Drones Market Regional Analysis/Insights

The global medical drones market is analysed and market size insights and trends are provided by country, type, application and end-user as referenced above.

The major countries covered in the medical drones market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the medical drone market with increased investment by governments and private organizations in the development of advanced products, while the Asia-Pacific region will grow at the highest growth rate during the 2022-2029 forecast period. Improving medical facilities and increasing public awareness of the benefits of medical drones.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Medical Drones Market Share Analysis

The medical drones market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to budesonide inhaler system market.

Key players operating in the global medical drones market include:

• Zipline International Inc(US)
• DHL(Germany)
• Volocopter GmbH (Germany)
• Volansi, Inc., (U.S.)
• Embention (Japan)
• Flirtey(US)
• Matternet(US)
• Vayuvision(US)
• Flytrex Inc., (Israel)
• Airbus(France)
• AT&T Intellectual Property.(US)
• EHang(China)