Medical Drones’ Market Analysis, Market Status, Competition & Companies, Growth Opportunities, Top Key Players and Forecast by 2025
According to MRFR analysis, Medical Drones’ Market is expected to register a CAGR of 24.4% during the forecast period of 2019 to 2025 and was valued at USD 85.84 Million in 2018.
Medical drones help to carry medical supplies that consist of medications, vaccines, and medical aids, among others. These drones are used in isolated or inaccessible areas for the rapid and secure distribution of medical supplies and also to war-torn areas from medical facilities.
The growth of the global medical drones market is attributed to factors such as the rising number of government initiatives, applications of medical drones, research & development activities, and public acceptance. However, strict laws associated with the approval of medical drones are likely to hamper the growth of the market during the forecast period.
The key players in the medical drones market are aggressively involved in R&D, geographic expansions, product launches, and strategic collaborations to strengthen their market positions.
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The market has been divided by region, into the Americas, Europe, Asia-Pacific, and the Middle East & Africa.
The Americas is anticipated to hold the largest market share throughout the forecast period owing to the aggressive R&D activity by public and private organizations in the US, raising awareness, and strategic alliances between key players. For instance, between July to Sep 2019, Zipline a US-based drone company entered the partnerships with the DoD and Naval Medical Research Center to provide drones throughout four multinational military forces exercises in Australia. The medical drones market in the Americas has further been divided into North America and Latin America, with the North American market further divided into the US and Canada.
The European medical drones market has been categorized as Western Europe and Eastern Europe. The Western European market has further been classified as Germany, France, the UK, Italy, Spain, and the rest of Western Europe. The medical drones market in Asia-Pacific has been segmented into Japan, China, India, South Korea, Australia, and the rest of Asia-Pacific. Due to the presence of a large patient pool and expansion of healthcare facilities, the market in Asia-Pacific is expected to be the fastest-growing during the forecast period. The Medical Drones market in the Middle East & Africa has been divided into the Middle East and Africa.
The Global Medical Drones Market has been segmented based on applications and end-user.
The market, based on application, has been segmented into blood transfer, pharmaceutical/drug transfer, vaccine transfer, and others. The blood transfer segment is expected to witness healthy growth during the forecast period owing to the rising number of deaths due to severe bleeding. For instance, each year around 2 million people die from blood loss or hemorrhaging across the globe.
The global medical drones market based on end-user has been segregated into emergency medical services, blood banks, and others.
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Some of the Key Players in the Global Medical Drones Market are DJI (China), DHL (Germany), Embention (Spain), Flirtey (US), Matternet (US), Vayu (US), Zipline (US), EHang (China), TUDelft (The Netherlands), and others.