Medical Courier Market to exceed US$ 10,964.43 million by 2030

    Published on 26-Sep-2023
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    Report : Medical Courier Market Size and Forecast (2022–2030), Global and Regional Share, Trends, and Growth Opportunity Analysis Coverage: Product Type (Medical Supplies and Equipment, Blood and Organs, Lab Specimens, Medical Notes, and Others), Destination (Domestic and International), Service (Standard Service and Rush and On-Demand Services), End Users (Hospital and Clinics, Diagnostic Labs, Blood and Tissue Banks, Pharmacy, In Home Support, Pharmaceutical and Biotechnology Companies, and Others), and Geography (North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America)

    According to our latest study on " Medical Courier Market Size and Forecast to 2030 – COVID-19 Impact and Global Analysis – by Product Type, Destination, Service, and End User," the medical courier market size was valued at US$ 7,305.20 million in 2022 and is expected to reach US$ 10,964.43 million by 2030. It is estimated to register a CAGR of 5.2% during 2022–2030. The report highlights the key factors and trends impacting the market and focuses on prominent players and their strategies.

    The supply of samples and equipment related to healthcare and medical requirements can sometimes be urgent and critical. A medical courier allows the movement from one place to another, often from the collection point of a sample, urine, blood, etc., to the healthcare facility centres where the tests are performed. Usually, such samples are time-sensitive and require a prompt transfer between doctors, clinics and hospitals, and biochemistry labs. Medical courier services can be offered across borders with medical test samples, delivery reagents, kits, and more products to research, pharmaceutical, and biotechnology companies.

    Surgery is one of the most important treatments offered by the National Health Service (NHS) in secondary care in the UK. According to Europe Blood Alliance, approximately 25 million units of blood are transfused annually in Europe. The source also stated that European Patients need between 67,000 and 70,000 units of blood and blood components every day.

    In recent years, road traffic has increased significantly in the Europe, leading to a surge in road accidents and fatalities, further driving the demand for hospital supplies. For instance, as per data by Independer, in 2020, European road accidents caused nearly 26,000 fatal casualties and over 1.3 million injuries. As per the Department for Transport June 2021 report published by the UK government, 115,333 casualties of all severities were reported in 2020, of which 22,014 were seriously injured and 91,847 were slightly injured casualties.

    Furthermore, in February 2023, NHS announced that an estimated 780,000 additional surgeries and outpatient appointments would be provided at 37 new surgical hubs, 10 expanded existing hubs, and 81 new theaters dedicated to elective care as part of its biggest and most ambitious catch-up plan. Under the Targeted Investment Fund, almost 600 new beds (584) specifically for elective care, dozens of elective theaters delivering state-of-the-art treatment, and nearly 90 more critical care beds nationwide will be provided. Since the elective recovery plan was published in 2022 the NHS has offered 13.5 million elective appointments and treatments—9% higher than 2022. Further, elective care was delivered to 70,000 more patients in November compared to the pre-pandemic period.

    Thus, with rising road accidents, the demand for blood transfusion and surgical hubs is also surging, thus propelling the market for medical couriers

    ERS Transition Ltd, Send Direct Ltd, Med Logistics Grp, Citysprint Ltd, United Parcel Services, FedEx Corp, MNX Global Logistics, Reliant Couriers & Haulage Ltd, ZIPLINE International Inc, and Deutsche Post AG.are among the key players operating in the global medical courier market.

    The report segments the global medical courier market as follows:

    The medical courier market share is divided on the basis of product type, destination, service, end user, and geography. The medical courier market, by product type, is segmented into lab specimens, medical supplies and equipment, blood and organs, medical notes, and others. The medical courier market, by destination, is segmented into domestic and international. The medical courier market, by service, is bifurcated into standard services, and rush and on-demand services. The medical courier market, by end user, is segmented into hospitals and clinics, diagnostic labs, pharmaceutical and biotechnology companies, blood and tissue banks, in-home support, and others. The medical courier market, based on geography, is segmented into North America (the US, Canada, and Mexico), Europe (France, Germany, Italy, the UK, Spain, and the Rest of Europe), Asia Pacific (Australia, China, India, Japan, South Korea, and Rest of Asia Pacific), Middle East & Africa (Saudi Arabia, the UAE, South Africa, and the Rest of Middle East & Africa), and South & Central America (Brazil, Argentina, and the Rest of South & Central America).

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