Medical Drones Market size is expected to witness 24.7% CAGR from 2019 to 2025
Sep 16, 2019
Medical Drones Market size was valued at USD 88.2 million in 2018 and is expected to witness 24.7% CAGR from 2019 to 2025.
Selbyville, United States - September 15, 2019 /MarketersMedia/ —
Technological advancements and growing applications of drones in healthcare sector will provide stimulus to medical drones market. Healthcare organizations are developing drones with diagnostic imaging capabilities that will be capable of assessing health conditions of patients located in remote areas with the deployment of telemedicine technology.
Drones cater to urgent needs of patients with the delivery of required medicines, vaccines, antivenin and blood products in remote places. Convenience offered by technologically advanced drones will lead to their widespread adoption in medical sector and augment medical drones market growth over the forecast period.
Drones have been used in the surveillance of disaster sites, areas affected by biological or chemical hazards, as well as tracking disease spread. They can also be used to gather information about the number of patients in need of care in high-risk situations.
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Drones have also been used to detect the presence of health hazards, such as heavy metals, aerosols and radiation. As per a study, drones equipped with high-resolution photogrammetry software were used to accurately access and predict cancer risk from high level copper concentrations in agricultural areas.
Many notable industry players operational in medical drones market are implementing several strategies such as new product launches, partnerships and distributional channel expansion in new locations that will help them to capture higher revenue share in medical drones market.
For instance, Zipline, an American medical product delivery company operates small drone aircrafts for delivery of medical products, with a focus on providing services in Africa. The company has become an much on-demand medical drone network service provider. Patients in many Swiss hospitals can now receive results on the day a sample is taken, through Zipline’s effort. Zipline is expanding into Ghana along with expanding its presence this year into North Carolina, to help many out-of-the-way rural medical facilities. The company has plans to serve 700 million people in the next 3 to 4 years.
Research and development in the medical drone industry is also expected to augment market growth scope. For instance, as many emergency vehicles are delayed from arriving on the scene on time, researchers are extensively testing drones to deliver medical equipment.
Development of drone ambulance is also gaining traction. A drone ambulance has been tested by Peel Regional Paramedics in Ontario to deliver medical supplies. Under the project, both an ambulance and a drone were dispatched at the same time, and every time the drone arrived at the scene first.
These test pilot drones fly at a speed of 80km/h and avoid all traffic that an ambulance would otherwise face. The drones arrive on the scene minutes before paramedics can and deliver a defibrillator to a bystander in case of a cardiac arrest case. These machines are easy to use and could be used before the paramedics arrive in an ambulance. The few extra minutes saved can make all the difference in saving lives when it comes to emergencies. Renfrew Ontario Paramedics are the first service in Canada to get approval from Transport Canada to use drones in medical emergencies.
Medical drones market size from pharmaceutical/drug transfer applications is estimated to witness 25% CAGR through 2025. This significant growth is attributed to capabilities of drones to deliver medications in remote locations in lesser time. These drones help in delivering drugs during severe circumstances such as medical emergencies or natural disasters.
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According to a report by UK-based innovation foundation Nesta, the possible rapid transportation of light medical deliveries between hospitals in London and increased speed and reliability achieved due to drone deliveries could cut costs and improve patient care in the UK.
Report Content
Chapter 1. Methodology
1.1. Methodology
1.2. Market definitions
1.3. Forecast parameters
1.4. Data sources
1.4.1. Secondary
1.4.1.1. Paid sources
1.4.1.2. Unpaid sources
1.4.2. Primary
Chapter 2. Executive Summary
2.1. Medical drones industry 3600 synopsis, 2016 – 2025
2.1.1. Business trends
2.1.2. Application trends
2.1.3. End-use trends
2.1.4. Country trends
Chapter 3. Medical Drones Industry Insights
3.1. Industry segmentation
3.2. Industry landscape, 2016 – 2025
3.3. Industry impact forces
3.3.1. Growth drivers
3.3.1.1. Increasing application of medical drone in healthcare industry
3.3.1.2. Rising number of government initiatives
3.3.1.3. Technological advancements
3.3.1.4. Growing public acceptance
3.3.2. Industry pitfalls & challenges
3.3.2.1. Complications associated with medical drone
3.4. Growth potential analysis
3.4.1. By application
3.4.2. By end-use
3.5. Porter’s analysis
3.6. Regulatory landscape
3.7. Technology landscape
3.8. Competitive landscape, 2018
3.8.1. Strategy dashboard
3.9. PESTEL analysis
Extensive research is being conducted on delivering medicines or blood in remote areas of Wales. Moreover, improved regulatory scenario for medical drones will prove beneficial for medical drones industry growth.
More Insightful Info @ https://www.marketwatch.com/press-release/399mn-by-2025-medical-drones-market-2019-set-for-massive-growth-2019-07-24
Central role of drones during emergency cases will positively augment medical drones market size. With advancement in drone technology, it can be predicted that medical delivery through drones will be improved creating immense scope for the future expansion of medical drones industry. Global Market Insights estimates medical drones market size to surpass $399 million by 2025.
About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
Contact Info:
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Website: https://www.gminsights.com/pressrelease/medical-drones-market
Source: MarketersMedia
Release ID: 88918729
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