Medical Drones Market 2019: Industry Analysis, Size, Share, Growth by 2025

A report released by Global Market Insights, the Medical Drones Market size to exceed $399 Mn by 2025, with significant growth forecast for the North American, European and APAC markets.

Medical Drones Market size was valued at USD 88.2 million in 2018 and is expected to witness 24.7% CAGR from 2019 to 2025.

Medical Drones Market size is projected to experience significant growth from 2019 to 2025.Increasing demand of drones in medical transportation will drive the medical drones market in upcoming years. Medical drones are developed for safe and rapid delivery of medical supplies in remote areas as well as in rural areas of countries. For instance, VillageReach, a non-profit organization transports blood samples from remote hospitals to large hospitals. Also, cost-effective medical drones have high preference in hospitals and military sectors in under-developed and developing countries that will increase the demand for medical drones.

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Increasing government initiatives for research and development of medical drones will drive the industry growth during analysis timeframe. For instance, Ghana government signed agreement with U.S. firm to deliver blood and other medical supplies to clinics and hospitals, such initiatives will drive the medical drones market. However, regulations regarding approvals for medical drones will hamper the industry growth. Also, these drones require constant technical assistance for successful operation that will further affect the industry growth.

Multi Rotor drones segment projected to show significant growth during analysis timeframe owing to technological superiority over fixed-wings drones. Multi-rotor drones don’t require landing strip and they make less noise. Key industry players are developing advanced multi rotor drones with wide range of applications. For instance, DJI, a Chinese company developed Phantom drone that is light weight and easy to operate. Such technological advancements can drive segmental growth in upcoming years.

Blood transport segment held considerable share in 2018 and it will show lucrative growth during analysis timeframe. Increasing demand of blood across the globe will drive the segmental growth. Blood and blood components are used in various surgical process as well as in emergency cases such as accidents and trauma cases. Demand for blood components will further increase with rising incidences of accidents and trauma cases driving the segmental growth.

Hospitals segment held considerable share in 2018 and it will show lucrative growth in coming years. Hospitals situated in rural or remote areas can’t get required medical supplies on time. Drones can be easy and rapid way to transport blood, vaccines and drugs to hospitals. For instance, Barnsley Hospital is forming aerial safety unit for transportation. Thus, rising adoption of drones in hospital segment due to aforementioned applications will drive the segmental growth.

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North America medical drone market accounted for considerable share in 2018 and trend is likely to remain so over the forecast timeframe. Increasing government initiative predicted to upsurge the regional growth. For instance, in 2017 US president initiated UAS integration pilot program to ease commercial use of drones. Moreover, countries such as U.S. and Canada received certifications to commercialize drone usage for various purposes. Such certifications will enhance the demand for drones in the region.

Some of the key industry players include DJi, Parrot, Yunnec, Autel Robotics, Hubsan, Syma Toys, Walkera, Blade, Embention and Gryphon Sensors. Industry players focus on acquisitions and new product launch as their key strategies to expand existing product portfolio and maintain their market position. For instance, Autel Robotics developed X-star premium drones that are equipped with camera and can be fold for portability.

Report Content

Chapter 1. Methodology
1.1. Methodology
1.2. Market definitions
1.3. Forecast parameters
1.4. Data sources
1.4.1. Secondary
1.4.1.1. Paid sources
1.4.1.2. Unpaid sources
1.4.2. Primary
Chapter 2. Executive Summary
2.1. Medical drones industry 3600 synopsis, 2016 – 2025
2.1.1. Business trends
2.1.2. Application trends
2.1.3. End-use trends
2.1.4. Country trends
Chapter 3. Medical Drones Industry Insights
3.1. Industry segmentation
3.2. Industry landscape, 2016 – 2025
3.3. Industry impact forces
3.3.1. Growth drivers
3.3.1.1. Increasing application of medical drone in healthcare industry
3.3.1.2. Rising number of government initiatives
3.3.1.3. Technological advancements
3.3.1.4. Growing public acceptance
3.3.2. Industry pitfalls & challenges
3.3.2.1. Complications associated with medical drone
3.4. Growth potential analysis
3.4.1. By application
3.4.2. By end-use
3.5. Porter’s analysis
3.6. Regulatory landscape
3.7. Technology landscape
3.8. Competitive landscape, 2018
3.8.1. Strategy dashboard
3.9. PESTEL analysis

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About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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Name: Arun Hegde
Email: Send Email
Organization: Global market insights
Phone: 1-888-689-0688
Website: https://www.gminsights.com/pressrelease/medical-drones-market

Release ID: 88901528