Medical Supply Delivery Service Market Size, Share & Trends Analysis Report By Application (Medical Supplies, Lab Specimens & Reports), By Mode Of Service (Courier Delivery, Drone Delivery), By End-user- Global Industry Analysis, Share, Growth, Regional Outlook and Forecasts, 2021-2027

The global Medical Supply Delivery Service market gathered revenue around USD 47.9 Billion in 2020 and market is set to grow USD 105.7 Billion by the end of 2027 and is estimated to expand at a modest CAGR of 9.7% during the prediction period 2021 to 2027.

Growth Factors:

The market  growing need for ensuring quick, safe, and secure transportation of samples and specimens for testing, reducing logistics costs, and increasing focus on improving the healthcare system is increasing the demand for medical supply delivery services. The increasing incidence of road accidents owing to various factors leading to blood loss and immediate requirement for blood is boosting the market growth. Furthermore, the growing geriatric population, rising incidence of diabetes and hypertension, and the rising surgical procedures for organ transplants are driving the market growth.

The medical supplies application segment accounted for the largest revenue share in 2020 owing to the increasing incidence of chronic diseases, rise in the number of surgical procedures, growing geriatric population, and the increase in the prevalence of chronic diseases across the globe. The lab specimens and reports segment is expected to exhibit the fastest growth rate during the forecast period owing to the growing prevalence of COVID-19 and increasing demand for testing services to combat the disease spread. In addition, the segment is expected to witness an increase in the adoption of these services for the timely supply of time-sensitive samples to avoid contamination.

In 2020, the courier delivery mode of service segment held the largest revenue share due to the rise in demand for medical couriers for transporting confidential and time-sensitive health care items to the end-users. It will include prescription medications, paperwork, medical specimens, lab work, infusion medicine, equipment, and supplies. The drone delivery segment is anticipated to register the fastest growth rate during the forecast period. It is due to the increase in the adoption of drones for timely and contactless transportation of emergency supplies to urban and rural areas, where transportation is expected to be challenging.

This research report purposes at stressing the most lucrative growth prospects. The aim of the research report is to provide an inclusive valuation of the Medical Supply Delivery Service market and it encompasses thoughtful visions, actualities, industry-validated market findings, historic data, and prognoses by means of appropriate set of assumptions and practice. Global Medical Supply Delivery Service market report aids in comprehending market structure and dynamics by recognizing and scrutinizing the market sectors and predicted the global market outlook.

Report Coverage

Report Scope Details
Market Size USD 105.7 Billion by 2027
Growth Rate CAR 3.4% From 2021 to 2027
Base Year 2020
Forecast Period 2021 to 2027
Largest Market North America
Fastest Growing Market Asia Pacific
Segments  Covered Application, mode of service, end-user, and Region
Report coverage Growth Factors, Revenue Status, Competitive Landscape,  and Future Trends 
Companies Mentioned DHL International GmbH; United Parcel Service of America, Inc.; Agility; ModivCare Solutions, LLC; FedEx; CEVA Logistics; wingslogistics; International SOS; Matternet; Zipline; Flirtey; Swoop Aero.

COVID-19 Impact Assessment on Market Landscape

The report comprises the scrutiny of COVID-19 lock-down impact on the income of market leaders, disrupters and followers. Since lock down was instigated differently in diverse regions and nations, influence of same is also dissimilar across various industry verticals. The research report offers present short-term and long-term influence on the market to assist market participants across value chain makers to formulate the framework for short term and long-lasting tactics for recovery and by region.

Medical Supply Delivery Service market Report empowers readers with all-inclusive market intelligence and offers a granular outline of the market they are operational in. Further this research study delivers exceptional combination of tangible perceptions and qualitative scrutiny to aid companies accomplishes sustainable growth. This report employs industry-leading research practices and tools to assemble all-inclusive market studies, intermingled with pertinent data. Additionally, this report also emphases on the competitive examination of crucial players by analyzing their product portfolio, pricing, gross margins, financial position, growth approaches, and regional occurrence.

Regional analysis:

Asia Pacific accounted for the largest share of over 41.0% in 2020 due to factors such as improving healthcare infrastructure, growing geriatric population, rising prevalence of chronic diseases, technological advancements, improving medical tourism industry, infrastructure investments, higher labor costs amid workforce shortages, evolving care models, and the expansion of healthcare systems in developing economies. Moreover, the adoption and implementation of aerial drone technology are increasing in developing economies, creating new markets in countries such as China and India, in partnership with private operators, humanitarian organizations, and governments.

Europe is expected to register the fastest growth rate during the forecast period. Increasing healthcare expenditures, the adoption of advanced technologies, and the presence of global players are propelling the market growth. In addition, growth in the e-commerce space has created a surge in the number of parcel delivery and logistics service providers in the region. Moreover, companies are devising entry strategies and mergers & acquisitions to cater to the European healthcare logistics and delivery services market. In April 2019, Marken, a business unit of UPS, expanded its logistics footprint in Italy by acquiring HRTL. Marken expanded its European presence by acquiring Austria-based HETO and Hungary-based Der Kurier. This, in turn, is anticipated to drive the market in the forthcoming years.

Competitive Rivalry

Foremost players in the market are attentive on adopting corporation strategies to enhance their market share. Some of the prominent tactics undertaken by leading market participants in order to sustain the fierce market completion include collaborations, acquisitions, substantial spending in R&D and the improvement of new-fangled products or reforms among others.

Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.

  • Company Overview
  • Company Market Share/Positioning Analysis
  • Product Offerings
  • Financial Performance
  • Recent Initiatives
  • Key Strategies Adopted by Players
  • Vendor Landscape
  • List of Suppliers
  • List of Buyers

Some of the prominent players in the Medical Supply Delivery Service Market include:  DHL International GmbH; United Parcel Service of America, Inc.; Agility; ModivCare Solutions, LLC; FedEx; CEVA Logistics; wingslogistics; International SOS; Matternet; Zipline; Flirtey; Swoop Aero.

Unravelling the Critical Segments

This research report offers market revenue, sales volume, production assessment and prognoses by classifying it on the basis of various aspects including product type, application/end-user, and region. Further, this research study investigates market size, production, consumption and its development trends at global, regional, and country level for period 2017 to 2027 and covers subsequent region in its scope:

  • By Application
    • Medical Supplies
    • Drug Supplies
    • Emergency Services
    • Lab Specimens & Reports
  • By Mode of Service
    • Courier Delivery
    • Drone Delivery
  • By End-user
    • Hospitals
    • Clinics
    • Laboratories
    • Pharmacies
    • Patients
    • Others

By Geography

North America

  • U.S.
  • Canada

Europe

  • Germany
  • France
  • United Kingdom
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • India
  • Southeast Asia
  • Rest of Asia Pacific

Latin America

  • Brazil
  • Rest of Latin America

Middle East & Africa (MEA)

  • GCC
  • North Africa
  • South Africa
  • Rest of Middle East & Africa

Highlights of the Report:

  • Market Penetration: Comprehensive information on the product portfolios of the top players in the market.
  • Product Development/Innovation: Detailed insights on the upcoming technologies, R&D activities, and product launches in the market
  • Competitive Assessment: In-depth assessment of the market strategies, geographic and business segments of the leading players in the market
  • Market Development: Comprehensive information about emerging markets. This report analyzes the market for various segments across geographies
  • Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the market

Research Methodology

In the study, a unique research methodology is utilized to conduct extensive research on the growth of the Medical Supply Delivery Service market, and reach conclusions on the future growth parameters of the market. This research methodology is a combination of primary and secondary research, which helps analysts ensure the accuracy and reliability of the conclusions.

Secondary resources referred to by analysts during the production of the Medical Supply Delivery Service market study are as follows - statistics from government organizations, trade journals, white papers, and internal and external proprietary databases. Analysts have also interviewed senior managers, product portfolio managers, CEOs, VPs, marketing/product managers, and market intelligence managers, all of whom have contributed to the development of this report as a primary resource.

Comprehensive information acquired from primary and secondary resources acts as a validation from companies in the market, and makes the projections on the growth prospects of the Medical Supply Delivery Service markets more accurate and reliable.

Secondary Research

It involves company databases such as Hoover's: This assists us recognize financial information, structure of the market participants and industry competitive landscape.

The secondary research sources referred in the process are as follows:

  • Governmental bodies, and organizations creating economic policies
  • National and international social welfare institutions
  • Company websites, financial reports and SEC filings, broker and investor reports
  • Related patent and regulatory databases
  • Statistical databases and market reports
  • Corporate Presentations, news, press release, and specification sheet of Manufacturers

Primary Research

Primary research includes face-to face interviews, online surveys, and telephonic interviews.

  • Means of primary research: Email interactions, telephonic discussions and Questionnaire based research etc.
  • In order to validate our research findings and analysis we conduct primary interviews of key industry participants. Insights from primary respondents help in validating the secondary research findings. It also develops Research Team’s expertise and market understanding.

Industry participants involved in this research study include:

  • CEOs, VPs, market intelligence managers
  • Procuring and national sales managers technical personnel, distributors and resellers
  • Research analysts and key opinion leaders from various domains

Key Points Covered in Medical Supply Delivery Service market Study:

  • Growth of Medical Supply Delivery Service in 2021
  • Market Estimates and Forecasts (2017-2027)
  •  Brand Share and Market Share Analysis
  •  Key Drivers and Restraints Shaping Market Growth
  •  Segment-wise, Country-wise, and Region-wise Analysis
  •  Competition Mapping and Benchmarking
  •  Recommendation on Key Winning Strategies
  •  COVID-19 Impact on Demand for Medical Supply Delivery Service and How to Navigate
  •  Key Product Innovations and Regulatory Climate
  •  Medical Supply Delivery Service Consumption Analysis
  •  Medical Supply Delivery Service Production Analysis
  •  Medical Supply Delivery Service and Management