Medical Supply Delivery Service Market Size, Share, Revenue, Trends And Drivers For 2024-2033
Medical Supply Delivery Service Global Market Report 2024 – Market Size, Trends, And Global Forecast 2024-2033
The Business Research Company has updated its global market reports with latest data for 2024 and projections up to 2033
LONDON, GREATER LONDON , UK, July 30, 2024 /EINPresswire.com/ -- The medical supply delivery service market has experienced robust growth in recent years, expanding from $63.76 billion in 2023 to $71.1 billion in 2024 at a compound annual growth rate (CAGR) of 11.5%. The growth in the historic period can be attributed to the rise of e-commerce, which influenced the market, technological advancements and regulatory compliance, increased demand for healthcare services, and the and the globalization of supply chains.
Strong Future Growth Anticipated
The medical supply delivery service market is projected to continue its strong growth, reaching $110.49 billion in 2028 at a compound annual growth rate (CAGR) of 11.7%. The growth in the forecast period can be attributed to evolving healthcare models, the rise of telemedicine, a focus on sustainability, the integration of AI and automation, and pandemic preparedness.
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Growth Driver Of The Medical Supply Delivery Service Market
The rising demand for telehealth is expected to propel growth in the medical supply and delivery service market during the forecast period. Telehealth refers to the application of electronic information and telecommunication technologies to support long-distance clinical health care. The demand for telehealth is driven by its convenience, accessibility, and technological advancements, particularly accelerated by the COVID-19 pandemic and its capacity to address provider shortages and chronic disease management needs. Medical supply delivery services complement telehealth by efficiently delivering prescribed medications and essential medical supplies directly to patients' doorsteps, facilitating convenient access to healthcare resources.
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Medical Supply Delivery Service Market Major Players2 And Market Trends
Key players in the medical supply delivery service market include CVS Health Corporation, Cardinal Health Inc., United Parcel Service of America Inc., DHL Group, FedEx Corporation, CEVA Logistics AG.
Major companies operating in the medical supply delivery service market are expanding their delivery networks and partnerships, such as same-day medicine delivery, to meet the evolving needs of healthcare providers, pharmacies, and patients for fast, convenient access to medical supplies and medications. Same-day medicine delivery services offer rapid access to prescription medications, leveraging small-format facilities stocked with common drugs and streamlined processes for swift prescription processing.
Medical Supply Delivery Service Market Segments:3
1) By Mode Of Service: Courier Delivery, Drone Delivery
2) By Application: Medical Supplies, Drug Supplies, Emergency Services, Lab Specimens And Reports
3) By End-User: Hospitals, Clinics, Laboratories, Pharmacies, Patients, Other End-Users
Geographical Insights: Asia-Pacific Leading The Market
Asia-Pacific was the largest region in the medical supply delivery service market in 2023.
Medical Supply Delivery Service Market Definition
A medical supply delivery service typically refers to a service that provides transportation and delivery of various medical supplies to healthcare facilities, clinics, pharmacies, and sometimes directly to patients' homes. The service ensures timely and efficient delivery of these essential items to support healthcare providers in delivering quality care to their patients.
Medical Supply Delivery Service Global Market Report 2024 from The Business Research Company1 covers the following information:
• Market size data for the forecast period: Historical and Future
• Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
• Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Trends, opportunities, strategies and so much more.
The Medical Supply Delivery Service Global Market Report 2024 by The Business Research Company is the most comprehensive report that provides insights on medical supply delivery service market size, medical supply delivery service market drivers and trends, medical supply delivery service market major players, medical supply delivery service competitors' revenues, medical supply delivery service market positioning, and medical supply delivery service market growth across geographies. The medical supply delivery service market report helps you gain in-depth insights into opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.
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