The medical drones market is estimated to grow with a high CAGR during the forecast period, i.e., 2020-2029. Extensive research associated with medical drones in western countries, along with the growing significant investments in the development of advanced medical drones and increase in public acceptance. The growth of the market can also be attributed to factors such as the government initiatives in providing medical care to distant areas on a global level. Moreover, growing applications of drones in healthcare sector will prove beneficial for medical drones market growth. Drones cater to urgent needs of patients with the delivery of required medicines, vaccines, and blood products in local areas. Rapid delivery helps healthcare professionals to deliver treatment quickly that could save patient’s life. Moreover, they can deliver medicine to bedside of a patient that results in less error in medication administration. Such wide range of applications of drones will augment business growth over forecast period.
According to the report of global market insights increasing government initiatives aimed at developing unarmed aerial vehicles will encourage technological innovations For instance, in 2018, government of Tanzania and DHL partnered to launch medical drone delivery program. Zipline is also working to deliver distribute blood, life-saving medications and vaccines. Government’s main objective behind these initiatives is to save lives of people by providing medications in the hour of need. However, complications associated with medical drones may hinder the industry growth to some extent.
Based upon drone type, the global market is categorized into fixed wing, rotor drone and hybrid drones. Rotor drone is expected to hold the highest share in global market in 2019, owing to various benefits such as its ability to land and take-off vertically which enables the user to operate it within a smaller region with no much area required to land or take-off as against the fixed wing medical drone that requires larger area to take-off and land. CLICK TO DOWNLOAD SAMPLE
Based on end-use, the global market is segmented into emergency medical services, government organizations, and blood banks. Among these, emergency services have occupied a majority of the market share in 2019, mainly due to sustained advancements in drone technology. These drones are generally being deployed for transferring platelets, plasma and blood from the blood banks to clinics and hospitals in remote locations.
Geographically, the market is segmented into North America, Latin America, Europe, Asia Pacific and the Middle East & Africa region. North America is the largest revenue contributor to the medical drone’s market and holding a majority of the market share. The growth of North America medical drones market is mainly due to substantial research funding to the development of medical drones and extensive adoption of medical drones across various healthcare facilities such as hospitals, clinics and ambulatory surgical centres (ASCs). Moreover, the presence of key regulations that favour the deployment of drones in the healthcare sector across both United States and Canada also contributes to the market growth in the region. Furthermore, Europe is also expected to contribute notably to the growth of medical drones in the region mainly due to favourable government initiatives to boost the implementation of medical drones across the medical sector in countries such as Germany, France, United Kingdom, Italy, Belgium, etc.
The medical drones market is further classified on the basis of region as follows:
Our in-depth analysis of the medical drones market includes the following segments:
FREQUENTLY ASKED QUESTIONS
Government initiatives in providing medical care to distant areas and Significant investments in the development of advanced medical drones and increase in public acceptance are the key factors driving market growth.
The market is anticipated to attain a high CAGR over the forecast period, i.e., 2020-2029.
Complications associated with medical drone and strict rules and regulations in some countries are estimated to hamper market growth.
The market in Europe region will provide ample growth opportunities owing to favourable government initiatives to boost the implementation of medical drones across the medical sector in countries such as Germany, France, United Kingdom, Italy, Belgium, etc.
The major players dominating the medical drones market are SZ DJI Technology Co., Ltd., Embention, Flirtey, Matternet, Zipline, Alphabet Inc., and EHang among others.
The company profiles are selected on the basis of revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.
The market is segmented by drone type, application, end use and region.
With respect to application, Blood transfer segment is anticipated to witness largest market share during the analysis period. Drones are used in transferring blood samples between healthcare facilities to accelerate HIV diagnosis in infants. Moreover, drones can cover three hours of distance in around fifteen minutes.
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