Medical Drones Market size is expected to witness high growth during the forecast timeline owing to the rising number of government initiatives.
Medical drones have gained massive traction over the past few years as an effective mobility solution across the healthcare industry. This is majorly due to the increasing health concerns and need for faster delivery of medical supplies in an event of medical emergeancy. In this regard, medical drones market is witnessing a notable rise in a drone application for the transportation of medical samples like vaccines, blood and its components, birth controls, snake bite serum, etc. across the globe. To illustrate, renowned automated drone delivery firm Zipline had reportedly completed over 16,005 lifesaving deliveries so far, using medical drone. Considering the elevated product demand, market is estimated to grow tremendously in future by recording a substantial valuation of more than USD 399 million by 2025.—
Several government initiatives across the world to strengthen medical transportation is encouraging the demand for medical drone delivery. A prominent example of such an initiative is the agreement signed in 2018 between the Ghana government and the US firm aimed at facilitating the transportation of medical supplies using medical drones in remote clinics and hospitals which in turn will strengthen the overall healthcare sector. Such government initiatives are opening new growth opportunities for medical drones market.
Apart from the factors mentioned above, the industry is expected to gain major impetus in coming years from some of the major trends that are outlined as under:
Strategic initiatives by major industry players
Key players operating in medical drones market include such as, DJI, Embention, DHL, Flirtey, Vayu, Matternett, Zipline, etc. are implementing various business strategies such as new product launch. Citing an instance, commercial drone delivery company Flirtey in collaboration with Vault Health, the supervised COVID-19 testing platform, successfully delivered their first FDA-approved saliva-based COVID-19 test kits. Such initiatives will enhance medical drones industry outlook over the foreseeable future.
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Heightened adoption for blood transfer applications
Rising mortality due to blood loss has evoked the demand for solutions that can ensure faster delivery of medical aid wherever required. This has fueled the adoption of medical transport drones significantly along with the acceptance for their application by government bodies across several countries. For instance, in 2019, Matternet collaborated with UPS to deliver blood samples at WakeMed hospital based in North Carolina, U.S. Apparently, this partnership supported hospitals in providing faster treatments to patients suffering from severe blood loss. Such initiatives are providing positive growth prospects to the blood transfer segment across medical drones market. Reportedly, the segment is estimated to witness an appreciable growth rate of over 24% through 2025.
Increasing application for emergency medical supplies
With ongoing technological advancements in medical drones and their growing efficiency in delivering essential medical supplies with relatively shorter shelf-life, demand for medical drones has increased enormously over the past few years. For instance, in 2019, Zipline announced its plans of establishing the first ever and largest vaccine drone delivery network in Ghana that will help in taking the medical facilities to the arid and remote areas. Several other major tech companies like amazon and google have also revealed their plans of launching drones that are safer, faster, efficient and can help save lives during emergencies. Considering these factors, emergency applications segment across the overall medical drones market is anticipated to register significant gains over the subsequent years. For the records, in 2018, the segment had held a sizeable revenue share of nearly 46%.
Rise in emergency medical cases in Germany
Increasing inclination towards technologically advanced medical solutions and devices coupled with elevating number of emergency cases across various rural areas of Germany are the prominent factors that are driving the demand for medical drones in the country. Besides, supportive regulatory scenario for medical drones in the country is fostering the product demand further enhancing the regional business space. According to credible reports, Germany medical drones market is expected to observe a robust growth rate of around 24% through 2025.
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