Medical Supply Delivery Service Market to Grow at a CAGR of 6.7% During 2020-2025 The growing need for quick transportation and delivery of drugs and medical supplies at the time of emergencies are some factors driving the market growth of this segment.
BriefingWire.com, 1/15/2021 - Medical Supply Delivery Service Market size in 2019 is estimated to be $ 5450 million, growing at a CAGR of 6.7% during the forecast period 2020-2025. Medical supply services means the services of medical use that are suitable for use in a health care facility or in the home and that are disposable or semi-disposable and are non-reusable. Growing need of faster transportation and advancement in healthcare system are the major factors driving the growth of the market. Moreover, rising disposable income and advancement of R&D activities further enhance the overall demand for medical supply delivery services during the forecast period 2020-2025.
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The global medical supply delivery service market size is expected to reach USD 96.6 billion by 2027, expanding at a CAGR of 6.5% over the forecast period.
The increasing need for quick and secure transportation of samples and specimens for testing and reducing logistics costs are some of the major factors driving the market.
Based on the application, the medical supplies segment accounted for the largest revenue share in 2019 owing to the increasing need for faster delivery of medicines required at the time of natural calamities and emergencies. On the other hand, the emergency services segment is expected to exhibit the fastest growth during the forecast period owing to the increasing demand for ambulance drones to deliver various drugs and devices in emergencies. For instance, in September 2018, Bloodstream used drone-based transportation to transform and revolutionize the supply of blood, vaccines, an