Medical Courier Market is expected to reach US$ 10,964.43 million by 2030

Publisher: The Insight Partners

Hospitals and Clinics Dominated End User Segment in Medical Courier Market

According to our new research study on "Medical Courier Market Forecast to 2030 – Global Analysis – by Product Type, Destination, Service, and End User," the medical courier market size was valued at US$ 7,305.20 million in 2022 and is expected to reach US$ 10,964.43 million by 2030. It is estimated to register a CAGR of 5.2% during 2022–2030.

The medical courier market, by end user, is segmented into hospitals and clinics, diagnostic labs, pharmaceutical and biotechnology companies, blood and tissue banks, in-home support, and others. The hospitals and clinics segment held the largest share of the market in 2022 and the in-home support segment is anticipated to register the highest CAGR in the market during 2022–2030. Hospitals and clinics are among the most significant users of medical courier services in the UK. For instance, according to the Pathology Facts and Figures published by The Royal College of Pathologists 2023 data, general practitioners receive ~50 million reports from the labs annually. This reflects the use of medical courier services to transport pathology reports from labs to clinics. Similarly, hospitals are expected to constantly need medical supplies, pharmaceuticals stocks, administrative stationeries, and accessories for medical equipment. Also, increasing number of diagnostics and therapeutic procedures are performed in the hospitals. The number of people visiting hospitals has increased following the COVID-19 pandemic. According to the NHS, as of January 2023, the number of people waiting for hospital treatment increased to 7.2 million. Thus, hospital visits are projected to rise significantly in the coming future, simultaneously increasing the usage of medical couriers to send medical reports to specialized hospitals or clinics for second opinions. Thus, the segment is anticipated to record the fastest growth during the forecast period.

Region Analysis – Medical Courier Market

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Geographically, the medical courier market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America. North America held the largest segment of the medical courier market and APAC registered the highest CAGR. The medical courier market in Asia Pacific is segmented into China, Japan, India, South Korea, Australia, and the Rest of Asia Pacific. Increasing awareness about the use of drones for the delivery of medical supplies such as vaccines and medicines in hard-to-reach or difficult terrain regions in India, Japan, and other countries is favoring the medical courier market growth in this region. In India, the Indian Council of Medical Research (ICMR) conducted a training program for the effective transfer of medical supplies such as medicines, blood packages, diagnostic samples, and vaccines in January 2022. When the program was initiated by ICMR, the research groups carried out a two-phase study to evaluate if drones could perform well in India. In the Phase I study, ICMR collaborated with IIT-Kanpur, where they analyzed that drones are an effective and reliable mode of vaccine transportation for predefined objectives and paths. In Phase II, ICMR conducted a study in real-life settings by delivering medical supplies in the State of Manipur and Nagaland using these drones. After the successful completion of these two studies, ICMR started to train people involved in delivering medical supplies through drones to further associate them with the Universal Immunization Program (UIP). In April 2022, Toyota Tsusho Corporation and Zipline rolled out Japan’s first long-distance drone delivery route. Through this route, the companies would deliver medical supplies (prescription drugs) to remote Got? Islands of Japan. Zipline has partnered with the Government of New South Wales, Australia, to facilitate an on-demand delivery of essential medical supplies to hospitals and other healthcare facilities in the state by using Zipline drones. In addition, in February 2021, Swoop Aero signed a deal with chemist chain TerryWhite Chemmart to deliver medicines within the 130 km range of Goondiwindi city. In February 2021, the Department of Health of the Northern Territory (NT) Government and Charles Darwin University entered into a partnership with iMOVE to fund a project that focuses on integrating drones into NT health. The project aimed to develop custom-made medical drones and trial them for the delivery of medicines in the Northern Territory of Australia. Thus, the increasing awareness and use of drones for the delivery of medical supplies in remote areas are factors fueling the growth of the medical courier market in Asia Pacific.

ERS Transition Ltd, Send Direct Ltd, Med Logistics Grp, Citysprint Ltd, United Parcel Services, FedEx Corp, MNX Global Logistics, Reliant Couriers & Haulage Ltd, ZIPLINE International Inc, and Deutsche Post AG are among the leading companies operating in the medical courier market.

The report segments the medical courier market as follows:

The medical courier market is divided on the basis of product type, destination, service, end user, and geography. The medical courier market, by product type, is segmented into lab specimens, medical supplies and equipment, blood and organs, medical notes, and others. The medical courier market, by destination, is segmented into domestic and international. The medical courier market, by service, is bifurcated into standard services, and rush and on-demand services. The medical courier market, by end user, is segmented into hospitals and clinics, diagnostic labs, pharmaceutical and biotechnology companies, blood and tissue banks, in-home support, and others. The medical courier market, based on geography, is segmented into North America (the US, Canada, and Mexico), Europe (France, Germany, Italy, the UK, Spain, and the Rest of Europe), Asia Pacific (Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific), Middle East & Africa (Saudi Arabia, the UAE, South Africa, and the Rest of Middle East & Africa), and South & Central America (Brazil, Argentina, and the Rest of South & Central America).

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