Published: September 2023
Over the years, drones have become indispensable in healthcare, delivering drugs, medical kits, vaccines, organs, and surgical equipment. They are designed to transport the medical resources swiftly and safely to remote or hard-to-reach areas, especially in emergency situations where timely delivery is critical. Further, the incorporation of modern technologies, such as artificial intelligence (AI), machine learning (ML), and computer vision (CV), has made drones smarter and more efficient. As the benefits of medical drone technology for the improvement of healthcare delivery are realized, the medical drones companies is likely to witness significant growth in the foreseeable future.
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Majority (53%) of the medical drones have multi-rotor wings, followed by 29% drones with fixed wing. Further, over 65% of these drones deliver drugs, followed by medical kits (49%). In addition, hospitals / pharmacies emerged as the most common end-users (~60%) of medical drone delivery purposes.
More than 30% of the players engaged in this domain are located in Europe, followed by those based in Asia-Pacific. Further, more than 50% of the players are very small (2-10 employees) and small companies (11-50 employees). Interestingly, 82% of all the players were established between 2011-2020.
Majority of the agreements related to medical drones were signed for supply agreements, which account for 67% of the total partnerships. Further, most of the deals have been inked by players based in Europe.
A steady increase has been observed in funding activity since 2020, with the maximum number of instances (23) being reported in the year 2022. More than 80% of the total amount was raised via venture capital rounds.
The global medical drones market is currently driven by an increase in demand for healthcare access to remote areas and faster medical deliveries to hospitals or during an emergency. By 2035, delivery of medical drugs via drones is likely to capture over 35% of the market share. Notably, medical drones targeted for hospitals and pharmacies are anticipated to dominate the market with a significant share of 45% projected till 2035.
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The overall financial opportunity associated within the medical drones market has been analyzed across the following segments:
The opinions and insights presented in the report were influenced by discussions held with senior stakeholders in the industry. The report features detailed transcripts of interviews and surveys held with the following experts:
The research includes profiles of key players (listed below) engaged in this domain; each profile features a brief overview of the company, details related to its recent developments (including funding and collaborations), financial performance (if available) and an informed future outlook.
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