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Global Medical Drone Market

May 12, 2019

Global Medical Drone Market, By Type (Fixed Wing, Rotary Drone, and Hybrid Drones), By Application (Search and Rescue (Disaster, Water Rescue, AED delivery, and Others), Transport/Delivery (Blood products, Vaccines, Medications, Antivenin, Lab Samples, and Others), Medical Care (Marine Telemedicine, Remote Telemedicine, and Others), By Component (Airframe, Controller System, and Propulsion System), By End User (Emergency Medical Services, Government Organizations, and Blood Banks), By Region (North America, Latin America, Europe, Asia-Pacific, Middle East and Africa) - Global Forecast, 2020-2025.

Report Code :FMR631      
Industry : Biotechnology
Pages :215 Pages
Format :   PPT Format   PDF Format

The global medical drone market was valued at US$ xx million in the year 2019. This market is estimated to be valued at US$ xx million in the year 2020, and is expected to reach US$ xx million by the year 2025, with an estimated CAGR of xx% during the forecast period (2020-2025). Drones use for mercenary motive has got much recognition as to deliver parcels to customers. The succeeding use of drone in the healthcare sector is very thought arousing. As drone are working for e-commerce, similarly medical drone will help bestow more structured healthcare to patients no matter whether it is from distance or while mobile. In future the medical drone can replace man power and could assist the patients by remitting medicines and other essentials to the bedside of a patient. This could also be done at homes, so the patients need not to be admitted in hospitals as medical drone could assist them to their homes as well.

Table 1. Global Medical Drone Market Synopsis

Parameters

Description

Market Value (US$ Mn) for the Period

2018-2025

Base Year

2019

Forecast Period

2020-2025

Market Segmentation (By Type)

Fixed Wing, Rotary Drone, and Hybrid Drones.

Market Segmentation (By Application)

Search and Rescue (Disaster, Water Rescue, AED delivery, and Others), Transport/Delivery (Blood products, Vaccines, Medications, Antivenin, Lab Samples, and Others), Medical Care (Marine Telemedicine, Remote Telemedicine, and Others)

Market Segmentation (By Component)

Airframe, Controller System, and Propulsion System

Market Segmentation (By End User)

Emergency Medical Services, Government Organizations, and Blood Banks

Regions Covered

North America, Latin America, Europe, Asia-Pacific, Middle East and Africa

Key Players Coverage

DHL, DJI, Embention, EHang, Matternet, Flirtey, Vayu, and Zipline among others.

Key Insights

  • Latest Updates
  • Analyst Views
  • Future Outlook of the Market

Market Dynamics

The adoption of medical drone is increasing because of its economic fetch and the massive amount of investment by government bodies on its research and development. Hence, it is expected to steer the positive growth of medical drone market during the forecast period. Moreover, it has been observed that increasing perforation of healthcare drones in an emergency or cataclysmic area are heightening the market growth of medical drone. Current situation of COVID-19 could also boost the growth of medical drones. For instance, in California a company that supplies most of the medical essentials via drones in Rwanda and Ghana is now delivering clinics and PPE and COVD-19 test samples through drones.

However, medical drone market growth expected to hamper to some extent due to some product approval regulations as drones are not allowed to move or fly freely or without authorization. Furthermore, healthcare drones create peril which includes probable menace and potency issues, thus may restrict the growth of medical drone market. For instance, the U.S. government is planning to ban drones manufactured in china and uplift the use of home country-built drones rather than importing them.

Figure 1. PORTER’S Analysis

Note: The above figure is shown for illustrative purposes only, the actual data may vary and will be incorporated in the report.

North America holds the major share of the medical/healthcare market followed by Europe. The growth of North America is attributed to the company initiatives to support the growth of the market by providing funding and product development for medical drone respectively. Further, rise in road accidents in every year in the U.S. is also expected to create a significant demand for medical drones in near future. For instance, according to highway fatality numbers compiled by the U.S. department of transportation nation highway traffic safety administration, about a total of 37133 people in the U.S. were killed in motor vehicle accidents in 2017.

Further, Asia-Pacific region is also expected to contribute significantly to the growth of the market owing to increase in healthcare investments by government specifically in Japan, China, and India. The growth of medical drones in Asia-Pacific region like japan are expected to boost at a higher rate because of the revamping healthcare facilities and increasing knowledge about the use of drones in the emergency situation. For example, according to UAV guideline declared by the Chinese Ministry of Industry and Information Technology (MIIT), the ministry has planned to build and amend more than 200 rules covering the research, production, application and safety regulation of civilian drones. 

Figure 2. Regional Analysis

Note: The above figure is shown for illustrative purposes only, the actual data may vary and will be incorporated in the report.

Competitve Landscape

Key players in the medical drone market include: DHL, DJI, Embention, EHang, Matternet, Flirtey, Vayu, and Zipline among others.

The players have adopted strategies of product development and acquisition to strengthen their position in the market. Further, competitors are taking continuous efforts to strengthen their distribution channel in backward or new regions where the product is yet to launch, new product floats to generate higher revenue share and recognition and synchronized efforts. For instance, in April 2019, in Ghana, extension of drone delivery is been launched by Zipline, these medical drones are established to assist rural and remote zones to deliver antibodies. This ingenuity will help companies to fatten its activities in Africa.

Figure 3. Market Share of Key Players, 2019

Note: The above figure is shown for illustrative purposes only, the actual data may vary and will be incorporated in the report.

By Type

  • Fixed Wing
  • Rotary Drone
  • Hybrid Drones

By Application

  • Search and Rescue
    • Disaster
    • Water Rescue
    • AED Delivery
    • Others
  • Transport/ Delivery
    • Blood Products
    • Vaccines
    • Medications
    • Antivenin
    • Lab samples
    • Others
  • Medical Care
    • Marine Telemedicine
    • Remote Telemedicine
    • Others

By Component

  • Airframe
  • Controller System
  • Propulsion System

By End Users

  • Emergency Medical Services
  • Government Organizations
  • Blood Banks

By Region

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East and Africa
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Note: This report provides in-depth analysis of the medical drone market and provides market size (US$ Million) and compound annual growth rate (CAGR %) for the forecast period (2020-2025), considering 2019, as the base year.

  • What are the trends adopted by key players in the medical drone market?
  • What key factors are expected to increase the demand for medical drone market during the forecast period 2020-2025?
  • What are the major challenges inhibiting the growth of the medical drone market?
  • What is the total market value (US$ Mn) generated in medical drones market by type in 2019 and what are the forecasts by 2025?
  • Which application is expected to dominate the medical drone market in the coming years?
  • Which component of medical drone is expected to propel the market in the foreseen future?
  • Which end user contributes highest CAGR (%) in the medical drone market?
  • What was the total revenue generated by the medical drone market across different regions (North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa) in 2019, along with CAGR (%) for the period (2020-2025)?
  • Who are the key players contributing to the growth of the medical drone market, and what are the new strategies adopted by them to retain a market share in the industry?
  • What is the competitive strength of the key players in the medical drone market?
  • What are the major outcomes derived from the Porter’s five forces?
  • What new products are going to be approved or launched in the coming years which may have huge impact on the market?
  • What insights are derived through the analysis of key players on following parameters: company overview, financial performance, product portfolio, geographical presence, key highlights, and strategies?

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