January 31, 2020
According to the research report titled ‘Medical Drones Market Size By Application (Blood transfer, Drugs/Pharmaceutical Transfer, Vaccination Program), End-Use (Emergency Medical Services, Blood Banks), Industry Analysis Report, Country Outlook (U.S., Germany, UK, France, China, India, Japan, Australia), Application Potential, Competitive Market Share & Forecast, 2019 – 2025’, available at MarketStudyReport.com, the global medical drones market is expected to cross USD 399 million by the year 2025.
According to the report, rising adoption of medical drones for transporting snake bite serums, medical samples, birth controls, vaccines, and blood is a major factor driving the medical drones market. There has been an upsurge in the demand for medical drones since they allow patients to access medical care remotely. This factor along with rising efforts to reduce mortality rates by various governments is further aiding the market expansion. However, high costs and operational issues associated with medical drones may hinder the market growth.
Elaborating on the application spectrum, the report states that the blood transfer application of medical drones is expected to grow with a CAGR of 24% during 2019-2025. Rising number of deaths owing to severe bleeding will foster the demand for medical drones. Moreover, rising acceptance of medical drones are fueling the segmental growth.
Citing the end-use landscape, the report cites that emergency medical services segment held 46% share in medical drones market in the year 2018, and is projected to amass lucrative returns in the approaching years. Various key industry players are focusing on R&D activities in order to develop innovative products. Thus, advancements in technology pertaining to medical drones which can deliver crucial medical supplies of short shelf-life are propelling the market growth.
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Considering the geographical landscape, Germany medical drone industry is presumed to expand with a CAGR of 24% through 2025. Rising adoption of advanced medical drones and rising number of emergency cases will aid the popularity of the product across the country.
The prominent companies operating in the medical drones market are Zipline, Vayu, Matternet, Flirtey, Embention, DJI, and DHL.
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