A medical supply delivery service typically refers to a service that provides transportation and delivery of various medical supplies to healthcare facilities, clinics, pharmacies, and sometimes directly to patients’ homes. The service ensures timely and efficient delivery of these essential items to support healthcare providers in delivering quality care to their patients.
Sizing and Forecast
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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Segmentation & Regional Insights
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
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.
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Major Driver Impacting Market Growth
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.
Key Industry Players
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
The medical supply delivery service market report table of contents includes:
1. Executive Summary
2. Market Characteristics
3. Market Trends And Strategies
4. Impact Of COVID-19
5. Market Size And Growth
6. Segmentation
7. Regional And Country Analysis
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27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
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