Medical Drones Market Scope
A drone is also known as an unmanned aerial vehicle (UAV) or unmanned aircraft systems (UASes), is a flying robot that can control remotely by using mobile phones or corresponding remote. Whereas, drones that are used for a medical purpose such drones called as medical drones. The medical drone has been designed to make availability of medical services in any medical emergency as it can occur anywhere and anytime. Rising government initiatives for promoting medical drone services is the major key driver for the market. For instance, Zipline and the Ghanaian government have announced new medical drone facilities for the people. Additionally, increasing demand for medical drones due to high delivery speed, low cost of the medical drone and high accuracy and increasing mass production of drone results in decreasing the prices have been supplementing overall growth of the market. However, lack of awareness about benefits associated with the drone for the medical purpose among end users and weight barriers and low power storage capacity in the medical drone is limiting the market. Moreover, Increasing Promotional Activities such as Advertisement and Promotional Events and increasing research and development activities by key established key players can overcome the challenges.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Zipline Inc. (United States), Flirtey (United States), Matternet Inc. (United States), Cyberhawk (Scotland), Delair (France), HEMAV (Spain), PrecisionHawk (United States) and Measure (United States) |
CAGR | 15.5% |
Key players are adopting numerous strategies to gain market attention and to increase their market share, this strategy can be listed as increasing product portfolio, making partnerships to adopt certain technologies, and acquiring small players to finish the competition in the future. As well as investing money in the R&D sector to make technical upgrades to the product.The Players having a strong hold in the market are Zipline Inc., Flirtey, Matternet Inc.. Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Medical Drones market throughout the predicted period.
Zipline Inc. (United States), Flirtey (United States), Matternet Inc. (United States), Cyberhawk (Scotland), Delair (France), HEMAV (Spain), PrecisionHawk (United States) and Measure (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Autel Robotics (United States) and Hubsan (China).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Medical Drones market by Type and Region with country level break-up.
On the basis of geography, the market of Medical Drones has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2023.
Market Leaders and their expansionary development strategies
In August 2023, OhioHealth announced a collaboration with Ziplinein to integrate Zipline’s fully electric drone delivery into OhioHealth’s network for drone delivery of medications, lab work and supplies.
On April 2019, Ghana has announced the launch of medical drone services in the United States. The services are embedded with more than 30 drones serving approximately 500 clinics within an 80-kilometer radius. This can create a better opportunity for the company as well as for the market.
There are various rules and regulation associated with the drone. For instance, according to the Netherlands Government, “A private drone must not weigh more than 25kg, not permitted to fly over crowds, permitted to fly over buildings or built-up areas, not permitted to fly in the vicinity of airports or other no-fly zones, always keep the drone in view, permitted to fly higher than 120 meters, either above the ground or over water, permitted to fly in the dark”
Influencing Trend:
Increasing Mass Production of Drone results in decreasing the Prices and An Emergence of Medical Wing Drones in the Operating Market
Market Growth Drivers:
Government Initiatives for Promoting Medical Drone Services, Increasing Demand for Medical Drones due to High Delivery Speed, Low Cost of Medical Drone and High Accuracy and High Accessible at any Place and any Time
Challenges:
Weight Barriers and Low Power Storage Capacity in Medical Drone
Restraints:
Lack of Awareness about Benefits Associated with Drone for Medical Purpose among End Users
Opportunities:
Increasing Promotional Activities such as Advertisement and Promotional Events by Key Established Key Players and Increasing Adoption of Medical Drones in an Emergency or Catastrophic Areas
Key Target Audience
Medical Drone Manufacturers, Medical Drone Raw Material Suppliers, Medical Drone Suppliers and Distributors, Private Research Organization, Potential Investors, Government Bodies and Associations and Others