Medical drones have the ability to gather real-time data cost effectively to help deliver payloads and have initiated the rapid evolution of many industrial, commercial, and recreational applications. Telecommunication drones are being used for diagnosis &treatment, perioperative evaluation, and telementoring in remote areas. Drones have the potential to be a reliable medical delivery platformfor microbiological &laboratory samples, pharmaceuticals, vaccines, emergency medical equipment, and patient transport.The recent discoveries integrate drones into the existing logistics network and operate them to expedite the client’s cargo. Drones consist of an air frame, propulsion systems, and other navigation systems. They include a wide variety of aircraft design configurations and supporting tools that facilitate various applications.

Market scope and structure analysis: 

COVID-19 scenarioanalysis

Pharmaceutical and biotechnological companies together with governments around the globe are working to combat with the COVID-19 outbreak, from supporting the development of vaccines to schedule for medicines supply chain challenges. Furthermore, there are around 115 vaccine candidates and other 155 molecules that are kept in the R&D pipeline in the coming years. Moreover, commonly used drugs such as hydroxychloroquine have seen huge boost in demand for the management of COVID-19. Increase in demand for drugs has been witnessed, which is likely to offer lucrative opportunity for manufacturers of COVID-19 management drugs, as many developed countries are short of these drugs. Owing to the demand for vaccine and treatment drugs for COVID-19, the pharmaceutical and biotechnology industry is anticipated to witness a substantial growth in the next few years.

Top impacting factors:market scenario analysis, trends, drivers, and impact analysis

The primary factor driving the growth of the industry includes key government initiatives in providing medical care to distant areas. Furthermore, significant investments in the development of advanced medical drones and increase in public acceptance have fueled the market growth. Medical drones have been deployed across various sectors, such as in the military, flood-or drought-affected areas, and pandemic-affected areas to deliver medical supplies, which notably contributes toward the growth of the global market.

Product launches to boost the market

Increase in the number of product launches is expected to propel the market growth in the next few years.  For instance, in September 2020, Zipline partnered with Walmart for a new drone delivery operation in the U.S., the companies announced. The program is for on-demand deliveries of health and wellness products and will begin in early next year near Walmart’s headquarters in Bentonville, Arkansas. Zipline’s launch and release system allows for on-demand delivery in less than an hour, and operating from a Walmart store can service a 50-mile radius.

In July 2020, business-to-business marketplace for medical equipment Medikabazaar planned to pilot drone delivery of medicines and critical medical supplies, and had partnered with on-demand drone delivery service, Zipline. The healthcare company is currently awaiting approval from the Directorate General of Civil Aviation for the pilot. Medikabazaar plans to cut down delivery time of medicines to 30 minutes and do a commercial operational launch of the service next year. Zipline will serve over 100 hospitals on Medikabazaar’s platform from two distribution centers in Pune and Nandurbar districts, covering a service range of 85 km.

Surge in number of mergers and acquisitions

Increase in the number of mergers and acquisitions is anticipated toboost the industrygrowth in the coming years. For instance, in November 2018, PrecisionHawk’s acquisition of Uplift Data partnered, its fifth in nine months, highlights the emerging consolidation of the drone industry as companies seek to build scale in a rapidly evolving market.

Uplift specializes in the delivery of turnkey inspection services for construction, building information management, and real-estate. It has provided drone services for leading companies, including Amazon, Apple, Macy’s, CVS Pharmacy, and Dollar General. Uplift’s network of commercially trained drone pilots will join PrecisionHawk’s Droners.io’s network of more than 15,000 drone pilots, one of the largest in the industry.

Key segments covered

Key benefits of the report

• This study presents the analytical depiction of the global medical drones industry along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global medical drones market share.
• The current market is quantitatively analyzed from 2020 to 2027 to highlight the medical dronesmarket growth scenario.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the medical dronesmarket.
• The report provides a detailed medical dronesmarket analysis depending on competitive intensity and how the competition will take shape in coming years.

Questions answered in the global medical drones market research report:

• Which are the leading players active in the global medical drones market?
• What are the current trends that will influence the market in the next few years?
• What are the driving factors, restraints, and opportunities of the medical dronesmarket?
• What are the projections for the future that would help in tasking further strategic steps?