Based on the reports, Medical Drones Market is expected to grow at a CAGR of 24.4% during the forecast period. The market had revenue of 85.84% million in 2018 and is expected to reach revenue of USD 398 million by the end of 2025.
Drones for medical use are of great use in accessible areas to provide medical supplies such as medication, vaccines, and medical aids. Secure and rapid distributions are made in remote, war-torn or inaccessible areas using these medical drones. In recent times, the usage of the medical med drones have become popular among the government and healthcare services to send help to reduce any infectious and life-threatening diseases.
The growth of the global medical drones market is mainly gaining impetus because of rising number of research and development, government initiatives, public acceptance and application of medical use. However, there are some strict laws associated with the medical drones.
The medical drones market has also gained impetus because of the presence of some prominent key players and their involvement in R&D, product development and launch, strategic collaboration and geographic expansion.
Covid-19 impact of Medical Drones Market
The covid-19 pandemic has affected the global economy severely. After covid-19 the use of medical drones has hugely increased. It has gained such popularity in the pandemic situation for supplying medical aids, blood and vaccines. Medical drones are used usually in remote areas or inaccessible areas; therefore, in the lockdown situation, it has been used extensively used to prevent any further spread. Governments supporting and many fund raisings are backing up the situation. Specially, with the Covid-situation improving , we can expect a better recovery during the frecast period.
Medical Drones Market Dynamics
There are various factors which are contributing immensely for the growth of the medical drones market size. For example, rising participation from governments across the globe is one of the key driving factors for sure. In addition to this, there have been huge investments made in the research and development fields as well. Moreover, rising applications based on drones in the health care sector is one of the biggest boosts in this regard. Various critical requirements are taken care of by these drones and these help in delivering the necessary drugs, vaccines, blood-oriented supplies across the globe. What makes these drones more popular in public is the fact that it enables the rapid delivery of supplies to the medical professionals which eventually help the patients to be treated in a seamless manner. Also, these drones are capable enough to offer the necessary health-care supplies to the patient’s beds without making any mistake. With all these benefits there is a growing acceptance of medical drones in the public which can contribute in the development of the market to a huge extent.
Challenges & Restrains
One issue which can hinder the market growth to some extent is the stringent government regulations. These regulations are making the deployment process a little difficult. But the good news is that there are various countries that have turned flexible and are ready to alter the pre-existing administrative policies making the entry of medical drones in the health-care sector easy. Therefore, in spite of few hindrances, there are silver linings to look forward to.
Last but not the list, the operational and maintenance cost involved for different kinds of drones could also be one of the factors which may create some issues in the overall growth of the medical drone market. However, with so many research and development works going in, we can expect the best of the services in a reduced cost in the upcoming future.
Based on company that uses drones to deliver medical supplies different types of Drones the global market for medical Drones can be categorized in several parts such as Fixed Wing, Rotor Drone and Hybrid Drone.
Rotor Drone has been able to secure highest market share so far because of its capability to take of vertically, which means the need for land to take off is almost nil. This makes it easy for these drones to operate in smaller region without many hassles. Without any doubt, these drones are preferred over fixed wing drones. Additionally, the capacity of rotor drones to hover easily makes it an easy choice as well.
Although, from manufacturing perspective there are electronic and mechanical complexities as far as Rotor drones are concerned. Therefore, the maintenance and repair work might require more time, skill sets , which eventually may increase the overall operational cost. Additionally, the shorter flight range and lower speed are two of the factors which plays negatively for the use of rotor drones.
Medical Drones Market Segmentation overview
In recent times, the usage of the medical med drones have become popular among the government and healthcare services to send help to reduce any infectious and life-threatening diseases. In this regard we can have the market segregated based of various parameters:
The Medical Drones Market is globally segmented into-
Medical Drones Market Regional analysis
The regional the medical drones are segmented into americas, europe, asia-pacific and middle east & africa. the americas has always been the most dominating region in the market and expected to continue to hold the leading position throughout the evaluation period. u.s and canada are two significant countries in the market with the presence of many prominent key players of the market. public conducted r&ds, rising awareness in public and alliance between vendors are immensely fuelling the growth of the medical drones market.
In addition to medical drones market, the Europe region is going to contribute in a huge way in the growth of the overall market. Several countries have turned flexible and are ready to alter the pre-existing administrative policies making the entry of medical drones in the health-care sector easy. Additionally, various government initiatives are going to play a pivotal role in the development of Medical Drones Market in countries like Germany, United Kingdom, France, Belgium and so on.
Medical Drones Market Competitive landscape
With so many benefits and costs of medical drones, the competition amongst the key players would be very high. Most of the drones manufacturing companies used for medical would vie for the top slots on the basis or quality of service and cost effectiveness.
There have been several recent developments which have been proven to be beneficial for the Medical Drones market. To give an example, DHL, one of the logistic organizations of Germany, had launched drones which are small in size. These drones are meant to help medical professional and patients with the necessary supplies in remote locations and Coastal areas.DHL are also eyeing to innovate drones which are capable enough to take off vertically with no need of land to take off. These are expected to have sensors which are temperature-controlled .
Major key players
There are many key players present in the medical drones market. But here is the list of the most prominent ones who contribute to the market growth in many ways-
|Market Size||USD 398 million|
|CAGR||24.4% (2019- 2025)|
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||By Application, End-User|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||DJI (China), DHL (Germany), Embention (Spain), Flirtey (US), Matternet (US), Vayu (US), Zipline (US), EHang (China), TUDelft (Netherlands)|
|Key Market Opportunities||
|Key Market Drivers||
The valuation of the global medical drones market is estimated to reach USD 398 MN by 2025.
The global medical drones market is projected to grow at approximately 24.4% CAGR during the forecast period (2019-2025).
Active involvement of local governments towards the deployment of drone service to remote and isolated areas.
North America holds the largest share in the global Medical drones market, followed by Europe and the Asia Pacific, respectively.
DHL (Germany), DJI (China), Embention (Spain), Matternet (US), Flirtey (US), Vayu (US), EHang (China), Zipline (US), and TUDelft (Netherlands), are some of the major players operating in the medical drones market.