Medical Drones Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2021 - 2031

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Medical Drones Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2021 - 2031

Status : March, 2023 | Healthcare IT

Report Digest


Medical Drones Market: Overview

The medical drones market is anticipated to exhibit stellar growth of US$ 1,410.9 Mn and grow at a CAGR of 27.70% in the foreseeable years from 2021 to 2031. The ongoing COVID-19 pandemic is estimated to increase the rate of adoption of drone technology for the healthcare applications. Some of the key applications include surveillance and monitoring of public areas. Furthermore, end users are investing at an increased rate in drone technology which is predicted to stimulate revenue generation opportunities in the medical drones market in the years to come.

The advent of novel logistical alternatives to traditional supply chain modes is projected to fuel growth impetuses in the market. Amidst the pandemic, the human contact was suspected to serve as the vehicle for the transmission of coronavirus. In this situation, technology has served as the winner, and governments and industry experts have taken them as opportunities to generate growth opportunities in the medical drones market.

medical drones market

Medical Drones Market: Key Trends

Increasing incidences related to experimentation, testing, as well as certification approvals related to drone BVLOS flight operations are likely to propel growth opportunities in the medical drones market during the forecast period.

Drone technology is integrated with AI (artificial intelligence) for the purpose of aerial mapping, surveillance, and mapping applications. In addition to this, the technology is also used for infected patient tracking and some other medical applications. Thus, the growing use of the market technology is projected to bolster sales opportunities in the drone industry.

On the flip side, the lack of skilled pilots has been expected to restrict expansion opportunities in the medical drones market. Along with this, lack of the solutions for unified air traffic management is also likely to limit growth avenues in the market.

Medical Drones Market: Competitive Dynamics and Key Developments

The medical drones market is fragmented in nature and this nature of the industry makes it more competitive. In addition to this, the presence of a lot of organizations has also been predicted to serve as the vital reason to fuel fierce competition among industry players. So, the enterprises around the world use different organic as well as inorganic strategies in order to create a leading position in the global market. Joint ventures, acquisitions, agreements, collaborations, partnerships, and mergers have been some key strategies that are commonly adopted by industry players. There are various enterprises across the globe that are investing at a significant rate for numerous R & D projects. Thus, these factors are projected to serve industry players for the development of some next-generation products in the upcoming years.

The key players serving in the medical drones market include:

  • Zipline Inc.
  • Skyfarer Ltd.
  • Volocopter GmbH
  • Swoop Aero Pty. Ltd.
  • Matternet Inc.
  • Ebre Drone LLC
  • Manna Done Delivery Inc.
  • Skyports Ltd.
  • Flytrex Aviation Ltd.
  • Vayu Inc.
  • Flirtey Aviation Ltd.

Medical Drones Market: Regional Assessment

The medical drones market has been segmented primarily into Europe, the Middle East, North America, Asia Pacific, and the Rest of the World on the basis of its geographical locations. Among these areas, North America has been estimated to serve as the largest as well as the dominant region around the world. The growth in the regional market has been attributed to the increased adoption of the drones for the medical applications. In addition to this, the regional presence of some prominent manufacturers across the US, for example, Zipline, Amazon Prime Air, Flirtey, UPS Flight Forward, and some others have also been predicted to propel growth opportunities in the market in the forthcoming years.

Europe has been expected to work as the second-largest region in the global market due to accommodative regulations. Further, increased investment across unmanned technology by governments and OEMs has been projected to contribute to growth avenues in the market in the forthcoming years.

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5-Point Growth Formula

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The 5-point growth formula includes the following points:

  • Current and Future Threats
  • Accurate Trend Analysis
  • Regional Assessment
  • Industrial Analogy
  • COVID-19 Impact

Current and Future Threats

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Accurate Trend Analysis

Keeping up with the latest trends is crucial in any business or sector. While stakeholders are aware of the trends that are on the surface, TMR Researchers find trends that are deeply entrenched in the particular market or sector. The reports are constantly updated with the latest trends so that the stakeholders and CXOs can derive benefits from the trends and generate good revenues.

Regional Assessment

Demography forms an important part of the growth pattern of all the markets. Diving deep into the demographics enables maximum output from specific areas. The TMR Research team assesses every region and picks out the vital points that have a large impact on the growth of a market.

Industrial Analogy

The analysts at TMR Research conduct an all-round analysis on the competitive landscape of the market. The observations recorded by the analysts are added to the reports so that every stakeholder gets a glimpse of the competitive scenario and frame their business plans according to the situation.

COVID-19 Impact

The COVID-19 outbreak has changed the growth projections of numerous sectors and businesses. The analysts at TMR Research have conducted a conscientious survey on the markets after the pandemic struck. The analysts have put forth their brilliant and well-researched opinions in the report. The opinions will help the stakeholders to plan their strategy accordingly.

The reports offer answers to the top 7 questions that revolve around the growth of the market

  • What are the diverse growth parameters influencing the market?
  • Which regions will contribute largely to the growth of the market
  • What are the recent innovations and technological advancements in the market?
  • What are the emerging trends across the market?
  • How has COVID-19 affected the market?
  • What will be the post-pandemic scenario of the market?
  • What are the major threats that will dent the growth prospects of the market?

Frequently Asked Questions

Growing adoption of drone technology amidst COVID-19 pandemic for healthcare applications, for instance surveillance and monitoring is estimated to create growth opportunities in the medical drones market.
Europe, the Middle East, North America, Asia Pacific, and the Rest of the World
Increased investment by end users in drone technology is anticipated to propel growth opportunities in the medical drones market.
The advent of novel logistical alternatives to traditional supply chain modes is projected to fuel growth impetuses
The ongoing pandemic has accelerated the requirement for time reduction of crucial medical supplies across the world during pandemic that is further likely to increase demand avenues in the medical drones market.
Technological advancements in healthcare facilities and adoption of smart devices in healthcare industry amidst pandemic is estimated to create novel growth avenues in the medical drones market in the post-pandemic era.
Lack of skilled pilots has been expected to restrict growth opportunities in the medical drones market.