Medical Supply Delivery Service Global Market Report 2024

The medical supply delivery service market size has grown rapidly in recent years. It will grow from $63.76 billion in 2023 to $71.1 billion in 2024 at a compound annual growth rate (CAGR) of 11.5%. The growth during the historic period can be attributed to the rise of e-commerce, which influenced the market dynamics, technological advancements, and regulatory compliance measures. Additionally, increased demand for healthcare services and the globalization of supply chains have also played significant roles in driving growth in the medical supply delivery service sector.

The medical supply delivery service market size is expected to see rapid growth in the next few years. It will grow to $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 increasing prominence of telemedicine, a growing focus on sustainability, the integration of AI and automation, and enhanced pandemic preparedness efforts. Major trends expected during the forecast period include the adoption of last-mile delivery solutions, customized delivery options tailored to specific needs, the utilization of data analytics for demand forecasting, fostering partnerships and collaborations within the industry, and implementing rigorous quality assurance measures to ensure the reliability and safety of medical supply deliveries.

The increasing demand for telehealth is poised to drive growth in the medical supply and delivery service market in the coming years. Telehealth utilizes electronic information and telecommunication technologies to offer clinical healthcare remotely, with its popularity stemming from its convenience, accessibility, and technological advancements. The COVID-19 pandemic has further accelerated the adoption of telehealth, addressing provider shortages and meeting the needs of chronic disease management. Medical supply delivery services complement telehealth by efficiently delivering prescribed medications and essential medical supplies directly to patients' homes, ensuring convenient access to healthcare resources. For example, a survey by Rock Health in February 2023 revealed that 76% of people over the age of 55 and 80% of all respondents have accessed care via telemedicine at some point in their lives, reflecting a significant increase in telehealth utilization compared to previous years.

Key players in the medical supply delivery service market are expanding their delivery networks and forging partnerships to cater to the changing demands of healthcare providers, pharmacies, and patients. Same-day medicine delivery services, for instance, offer swift access to prescription medications through small-format facilities stocked with commonly prescribed drugs and streamlined processes for quick prescription processing. Amazon Pharmacy's launch of same-day delivery of prescription medication in New York City and the greater Los Angeles area in March 2024 exemplifies this trend. With plans for expansion to over a dozen US cities by year-end, Amazon Pharmacy aims to bring medications closer to customers' residences by utilizing small-format facilities stocked with a curated selection of over 12,000 medications, prioritizing urgent-care requirements.

In August 2022, Marken bolstered its presence in New Zealand by acquiring the medical courier business of Cedra Express. This strategic move enhances Marken's service offerings to the local clinical trial client base, providing patient-centric solutions and expanding its footprint in the medical supply delivery sector. Cedra Express, a New Zealand-based transportation and logistics services provider specializing in medical supply delivery, aligns well with Marken's growth strategy and strengthens its position in the region.

Major companies operating in the medical supply delivery service market are CVS Health Corporation, Cardinal Health Inc, United Parcel Service of America Inc., DHL Group, FedEx Corporation, CEVA Logistics AG, SF Express Co. Ltd, La Poste, DPD Group, Canada Post Corporation, Toll Group, Purolator Inc., General Logistics Systems B.V., PostNL, International SOS Services, ModivCare Solutions LLC, Swiss Post, PostNord, Singapore Post Limited, Aramex, Blue Dart Express, Zipline International Inc., Amazon Pharmacy, Econo-Courier, Poste Maroc, Matternet Inc., Hermes Travel & Cargo Pvt. Ltd., Flirtey Holdings Inc.

Asia-Pacific was the largest region in the medical supply delivery service market in 2023. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the medical supply delivery service market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The countries covered in the medical supply delivery service market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

A medical supply delivery service typically involves the transportation and delivery of various medical supplies to healthcare facilities, clinics, pharmacies, and sometimes directly to patients' homes. This service ensures the timely and efficient delivery of essential items to support healthcare providers in delivering quality care to their patients.

The main types of medical supply delivery services include courier delivery and drone delivery. Courier delivery in the medical supply delivery service refers to the transportation of medical goods using traditional courier services, ensuring timely and secure delivery to healthcare facilities. These services are utilized for applications including medical supplies, drug supplies, emergency services, lab specimens, and reports, among others. They are utilized by various end-users such as hospitals, clinics, laboratories, pharmacies, patients, and others.

The medical supply delivery service market research report is one of a series of new reports that provides medical supply delivery service market statistics, including medical supply delivery service industry global market size, regional shares, competitors with a medical supply delivery service market share, detailed medical supply delivery service market segments, market trends and opportunities, and any further data you may need to thrive in the medical supply delivery service industry. This medical supply delivery service market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The medical supply delivery service market includes revenues earned by entities by providing services such as on-demand delivery, scheduled delivery, medical equipment rental, and delivery. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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