Market Overview:
The Global Medical Drones Market size is expected to grow from USD 136.01 million in 2022 to USD 775.06 million by 2030, at a CAGR of 24.3% during the forecast period (2023-2030).
Dronesare often known as unmanned aerial vehicles (UAV). This term was first coined in the 1980s to describe remotely controlled, or autonomous, multi-use aerial vehicles. The well-known public term drone was first coined due to the resemblance of the loud and rhythmical sound of old military unmanned target aircraft to that of a male bee. In 1942, the Navy established a radio-controlled drone that carried a torpedo. The origins of UAVs can be dated back to World War I, almost 100 years back. While UAVs were initially created for the military, they are now being utilized for a wide variety of applications. Recently, the US military force used a drone controlled by the USA to selectively terminate an Iranian General in Baghdad. The recent advancement in technology has revolutionized the perspective towards drones. Drones have significantly proven their worth in the healthcare and medical sector. The drones used in this field can be referred to as medical drones.
Top Key Players for Medical Drones Market:
Flirtey (US), Zipline (US), DJI (China), Volocopter GmbH (Germany), Wingcopter (Germany), Everdrone AB (Sweden), Flytrex Inc (Israel), Skyfarer LTD (UK), MATTERNET (US), ANA HOLDINGS INC. (Japan), EMBENTION (Spain), SkyLark Drones (India), Grene Robotics (India), ideaForge (India), Freefly Systems (US) and others Major Players.
Market Dynamics and Factors for Medical Drones Market:
Drivers:
The Rising Necessity Of The Medical Community
The rising necessity of the medical community to move pharmaceuticals, lab tests, diagnostics, blood, and small medical devices, instantly, from point A to point B is the man driving force for the medical drone markets in the period of forecast. The speed and versatility of UAV technology offer virtually extensive opportunities to deliver vital medical supplies and assistance to individuals residing in remote or dangerous locations. Medical Drones can even connect doctors to patients in a more efficient manner. Moreover, victims of natural disasters or emergencies could be administered life-saving care by good Samaritan bystanders who are guided remote instruction on treatment administration.
Opportunities:
The Growing Investments By Several Governments In The Research And Development Of Medical Drones
Drones could be a gamechanger in states that are geographically difficult to traverse. The growing investments by several governments in the research and development of medical drones for their usage in various important activities is a big opportunity for the market players to manufacture UAVs according to the need. Moreover, Medical drone usage offers the opportunity of enhancing healthcare, particularly in remote areas by decreasing lab testing turnaround times, enabling just-in-time lifesaving medical supply or medical device delivery, and decreasing the costs of routine prescription care in rural areas. Furthermore, Medical drones present a tremendous opportunity to address supply chain shortcomings in the healthcare sector thus, reducing stockouts and wastage.
Segmentation Analysis of the Medical Drones Market:
By Wing Type, the multi-rotor segment is anticipated to have the highest share of the medical drone market in the period of forecast. The qualities such as hovering at one place for a longer time and moving in random directions swiftly are some of the main factors driving the growth of the multi-rotor segment.
By Technology Used, the semi-autonomous segment is forecasted to lead the market. Semi-autonomous or remotely controlled medical drones' growth is attributed to the high adoption rate for several medical operations.
Regional Analysis of the Medical Drones Market:
The North American region is forecasted to have the highest share of the medical drone market. The advancement in technology and the ready adoption nature of the consumers is the major factor supporting the expansion of the medical drones' market in this region. The growing number of manufacturers and the presence of top leading companies is further propelling the medical drone market development in the North American region. The United States of America, and Canada are the major contributors to the development of the medical drone market.
Europe region is predicted to have the second-highest share of the medical drone market. The rise in the fundings for the development of medical drones and the extensive adoption of medical drones by healthcare providers are some of the major factors driving the growth of the medical drone market in this region. Furthermore, the supportive government regulations for the deployment of medical drones in regions such as the UK, Germany, France, and Italy are the important factor strengthening the expansion of the medical drone market in this region.
Key Industry Development:
In August 2021, Everdrone AB a global leader in autonomous drone technology collaborated with Karolinska Institute to develop a drone system to deliver Automated External Defibrillators (AEDs) to the scene of cardiac arrests. The drones get to the scene before an ambulance can, and anyone could initiate life-saving measures until the ambulance arrives with the usage of a defibrillator.
In April 2021, ANA HOLDINGS INC., collaborated with Wingcopter, a leading drone manufacturer and service provider in Germany to boost the delivery of important pharmaceuticals and other consumer products via drones. Wingcopter is providing support in terms of operation design, training of pilots, mission planning, as well as maintenance.
