The global medical drone market size is expected to gain momentum by reaching USD 1,410.9 million by 2028 from USD 254.7 million in 2021, while exhibiting an impressive CAGR of 27.70% between 2021 to 2028. In its report titled, “Medical Drone Market, 2021-2028,” Fortune Business Insights™ mentions that the market stood at USD 194.7 million in 2020.
The technological
advancement and ongoing competition between major players to deliver the best
product are expected to drive the market in upcoming years. Thus, major players
such as Volocopter, Zipline, Volansi, Flirtey, Matternet are focused on
developing quality drones to ensure their global market position and high
demand for medical drones amid the ongoing COVID-19 pandemic.
List of Key Players Profiled in Medical Drone Market Report
- Zipline Inc. (San Francisco, U.S.)
- Volocopter GmbH (Bruchsal, Germany)
- Volansi Inc. (San Francisco, U.S.)
- Matternet Inc. (Mountain View, U.S.)
- Manna Drone Delivery Inc. (Dublin, Ireland)
- Flytrex Aviation Ltd. (Tel Aviv, Israel)
- Flirtey Holdings Inc. (Reno, U.S.)
- Vayu Inc. (Ypsilanti, U.S.)
- Skyports Ltd. (Billericay, U.K.)
- Ebre Drone LLC (Tarragona, Spain)
- Swoop Aero Pty. Ltd. (Docklands, Australia)
- Skyfarer Ltd. (Coventry, U.K.)
What does the Report Provide?
The market for medical
drone report provides a detailed analysis of several factors such as the key
drivers and restraints that will impact growth. Additionally, the report
provides insights into the regional analysis that covers different regions,
contributing to the growth of the market. It includes the competitive landscape
that involves the leading companies and the adoption of strategies to introduce
new products, announce partnerships, and collaborate to contribute to the
growth of the market for medical drones.
Driving
Factor
High
Demand for Drones in Healthcare Applications to Propel Market Growth
The increasing demand for
monitoring and surveillance of public areas and the advent of new logistical
alternatives than the conventional supply chain modes is propelling governments
worldwide to invest in medical drone
technology. Moreover, in this pandemic situation, human contact has been
suspected to be a vehicle of viral transmission. Thus drone technology is a
clear winner in this situation. Thus, there has emerged an urgent need for
contactless and efficient technology. For instance, in October 2019, the UPS
Flight Forward Inc. has received U.S. government approval with the Federal
Aviation Administration's and standard certification to exercise drone airline
operations. In response, the company launched its first drone delivery flight
at WakeMed Hospital in Raleigh, NC, by using a quadcopter Matternet M2. These
factors are driving the medical drone market growth.
Read a Detailed Summary of This Report: https://www.fortunebusinessinsights.com/medical-drone-market-105805
COVID-19 Impact
Amid the COVID-19
pandemic, demand for drones increased. Many deliveries for medical purposes and
laboratory samples were done using drone technology. According to a report by
various resources, around eighteen countries worldwide were dependent on
unmanned technology for logistical purposes. For instance, countries in
Sub-Saharan Africa, such as Ghana, Rwanda, and Malawi, are some of the
countries which were dependent on drone systems for the delivery of medical
supplies, pathological and blood samples, and commodities since 2016 and in
pandemic times, they are using it in remote places. Therefore, advantages that
this technology facilitates in the COVID-19 context are on-demand just-in-time
delivery, minimal physical contact, last-mile delivery to remote locations with
an extended logistical network, and low viral or pathological transmission
risk. Thus various such applications in this current situation are expected to
fuel the market growth.
Regional
Insights
North
America to Dominate Backed by Increasing Number of Registered Drones
North America is expected
to remain at the forefront and hold the highest position in the market for medical drones during the forecast period owing to a large number of drones, i.e.,
around 872,694 drones that are registered for use under Federal Aviation Administration (FAA,) in 2021. The region’s
market stood at USD 79.88 million in
2020.
Asia Pacific is expected
to showcase significant medical drone market share during the forecast period
owing to the high adoption rate and investment by OEMs and governments.
Furthermore, the presence of the OEMs in the region, such as DJI, and global
players such as Zipline.
The Middle East is anticipated
to be the fastest-growing region during the forecast period. The regional
market growth results from high investment by regional governments such as
Ghana, Rwanda, Nigeria, and others for various medical drone applications.
Competitive
Landscape
Key Players
to Focus on Partnerships to Strengthen Their Market Positions
The market for
medical
drones is consolidated by major companies
striving to maintain their position by focusing on new launches, partnerships,
and agreements. For instance, in February 2021, the Government of Kaduna
State, in Nigeria, signed a medical delivery agreement with Zipline for
airdropped COVID-19 vaccine shipment as it would have reduced the dependency of
the state to invest in the cold chain storage. Furthermore, this agreement is
expected to pave the way for enhanced services such as on-demand blood
products, medications, and other vaccines.
Industry
Development
May 2021 – Draganfly Inc., a Canadian UAV hardware and software manufacturer, partnered with Coldchain Delivery Systems, a vaccine and medical SCM (supply chain management) company to the US Government. The partnership is expected to start vaccination for COVID-19 in rural and remote regions of Texas using drone delivery through a five-phase rollout.
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