The medical supply delivery service global market report 2024from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Medical Supply Delivery Service Market, 2024report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size – The medical supply delivery service market size has grown rapidly in recent years. It will grow from $63.76 billion in 2023 to $71.1 billion in 2024 at a compound annual growth rate (CAGR) of 11.5%. The growth in the historic period can be attributed to the rise of e-commerce, which influenced the market, technological advancements and regulatory compliance, increased demand for healthcare services, and the and the globalization of supply chains.
The medical supply delivery service market size is expected to see rapid growth in the next few years. It will grow to $110.49 billion in 2028 at a compound annual growth rate (CAGR) of 11.7%. The growth in the forecast period can be attributed to evolving healthcare models, the rise of telemedicine, a focus on sustainability, the integration of AI and automation, and pandemic preparedness. Major trends in the forecast period include last-mile delivery solutions, customized delivery options, data analytics for demand forecasting, partnerships and collaborations, and quality assurance measures.
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Scope Of Medical Supply Delivery Service MarketThe Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Medical Supply Delivery Service Market Overview
Market Drivers -The rising demand for telehealth is expected to propel growth in the medical supply and delivery service market during the forecast period. Telehealth refers to the application of electronic information and telecommunication technologies to support long-distance clinical health care. The demand for telehealth is driven by its convenience, accessibility, and technological advancements, particularly accelerated by the COVID-19 pandemic and its capacity to address provider shortages and chronic disease management needs. Medical supply delivery services complement telehealth by efficiently delivering prescribed medications and essential medical supplies directly to patients’ doorsteps, facilitating convenient access to healthcare resources. For instance, in February 2023, according to a survey conducted by Rock Health, a US-based health technology company, in a survey of 8,014 respondents, 76% of people over the age of 55 have used telemedicine, and 80% of all respondents reported having accessed care via telemedicine at some point in their lives, up 8% from 72% in 2021. Therefore, rising telehealth demand will drive the expansion of the medical supply and delivery service market.
Market Trends – Major companies operating in the medical supply delivery service market are expanding their delivery networks and partnerships, such as same-day medicine delivery, to meet the evolving needs of healthcare providers, pharmacies, and patients for fast, convenient access to medical supplies and medications. Same-day medicine delivery services offer rapid access to prescription medications, leveraging small-format facilities stocked with common drugs and streamlined processes for swift prescription processing. For instance, in March 2024, Amazon Pharmacy, a US-based online pharmacy business, launched same-day delivery of prescription medication in New York City and the greater Los Angeles area, with plans for expansion to over a dozen US cities by year-end. Amazon Pharmacy aims to bring medications closer to customers ‘ residences by utilizing new small-format facilities stocked with commonly prescribed medications for acute conditions. Its Brooklyn facility offers a curated selection of over 12,000 medications from Amazon.com, prioritizing urgent-care requirements.
The medical supply delivery service market covered in this report is segmented –
1) By Mode Of Service: Courier Delivery, Drone Delivery
2) By Application: Medical Supplies, Drug Supplies, Emergency Services, Lab Specimens And Reports
3) By End-User: Hospitals, Clinics, Laboratories, Pharmacies, Patients, Other End-Users
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Regional Insights – Asia-Pacific was the largest region in the medical supply delivery service market in 2023. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the medical supply delivery service market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Key Companies – Major companies operating in the medical supply delivery service market are CVS Health Corporation, Cardinal Health Inc, United Parcel Service of America Inc., DHL Group, FedEx Corporation, CEVA Logistics AG, SF Express Co. Ltd, La Poste, DPD Group, Canada Post Corporation, Toll Group, Purolator Inc., General Logistics Systems B.V., PostNL, International SOS Services, ModivCare Solutions LLC, Swiss Post, PostNord, Singapore Post Limited, Aramex, Blue Dart Express, Zipline International Inc., Amazon Pharmacy, Econo-Courier, Poste Maroc, Matternet Inc., Hermes Travel & Cargo Pvt. Ltd. , Flirtey Holdings Inc
Table of Contents 1. Executive Summary2. Medical Supply Delivery Service Market Report Structure3. Medical Supply Delivery Service Market Trends And Strategies4. Medical Supply Delivery Service Market – Macro Economic Scenario5. Medical Supply Delivery Service Market Size And Growth…..27. Medical Supply Delivery Service Market Competitor Landscape And Company Profiles28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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