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The global medical drones market size was valued at USD 345.59 million in 2023, driven by the increasing awareness about the potential of medical drones. The market size is anticipated to grow at a CAGR of 18.8% during the forecast period of 2024-2032 to achieve a value of USD 1,628.95 million by 2032.
Healthcare professionals can connect with patients remotely and transfer medical supplies using a form of unmanned aerial vehicle UAV called a medical drone. Most of the time, medical professionals use drones to transport materials, along the entire medical supply chain, from doctors' offices and clinics to patients, lab partners, and waste disposal facilities. Drones are a perfect developing technology for medical providers to use for both emergency and non-emergency situations as they are getting more dependable and less expensive.
The global market for medical drones has been witnessing a steady growth due to the increasing technologically advanced developments, including smart navigation systems and improved imaging techniques, among others. Increasing public health initiatives by governments are also playing a significant role in driving the market growth. Recognizing the potential and future scope of medical drones is making key players in the market collaborate with each other to develop new and advanced solutions, which is further contributing to the global medical drones market share.
The iDrone initiative in India is one-of-a-kind trial run of blood bag delivery by drones. This approach is expected to open several opportunities for further developments in the market.
Additionally, the key players are emphasizing enabling existing medical drones with the latest technologies in the market to improve the delivery system and core functionality. For example, some companies are trying to develop the endurance of medical drones to develop heavier medical supplies while ensuring time efficiency.
The Delft University of Technology, Netherlands has developed an ambulance drone prototype embedded with cardiac defibrillators and a 2-way communication radio and video system.
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The quick medicine delivery feature of medical drones is significantly contributing to the medical drones market growth. Medical drones can prove to be effective and time saving as they would help overcome the limitations of transportation methods and enable to access the areas that are hard to access and that too in short span of time. With the use of medical drones, the response time in emergency situations can be reduced effectively, enabling timely treatment of the people in need. The reliability on these medical drones would aid the medical drones market share. Additionally, the use of medical deliveries can significantly reduce costs in comparison to traditional delivery, such as vehicles and personnel, particularly in remote areas or regions with challenging terrain.
The key features of the market report include patent analysis, grants analysis, clinical trials analysis, funding and investment analysis, partnerships, and collaborations analysis by the leading key players. The major companies in the market are as follows:
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2017-2023 |
Forecast Period | 2024-2032 |
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The market attained a value of about USD 345.59 million in 2023, driven by the reliability it provides.
The market is anticipated to grow at a CAGR of 18.8% during the forecast period of 2024-2032, likely to reach a market value of USD 1,628.95 million by 2032.
The increasing advancement in the development of medical drones, including improved GPS navigation systems, battery life, and price-point are among the key trends influencing the market growth.
The types of medical drones can be categorized into Fixed Wing, Rotor Drones, and Hybrid Drones.
Medical drones find wide applications in acute care, vaccination programs, blood bank transferring, and drug/pharmaceutical transferring.
The key end-users of medical drones include government organizations, emergency medical services, and blood banks, among other.
The major regions of the market include North America, Europe, Asia Pacific, Latin America, Middle East and Africa.
Key players involved in the market are Zipline International Inc., DHL, Volocopter GmbH., Volansi, Inc., Embention, Flirtey, Matternet, Vayuvision, Flytrex Inc., and AT&T Intellectual Property.
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