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PUBLISHER: Blueweave Consulting & Research Private Limited | PRODUCT CODE: 1166140

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PUBLISHER: Blueweave Consulting & Research Private Limited | PRODUCT CODE: 1166140

United States Medical Drone Market, by Product Type ; Application ; End-User Trend Analysis, Competitive Market Share & Forecast, 2018-2028

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United States Medical Drone Market to Grow at a CAGR of 23.1% during Forecast Period

The United States medical drone market is growing at a high CAGR because of the increasing government reimbursement policies and availability of established healthcare. In addition, quality healthcare services are expanding the medical drone market in the United States.

A recent study by the strategic consulting and market research firm, BlueWeave Consulting, revealed that the United States medical drone market is projected to grow at a CAGR of 23.1% during the forecast period. The United States Medical Drone market is booming because of the rising government reimbursement policies. The United States' robust economic standing and the availability of a highly established healthcare infrastructure are driving the market's expansion. The need for high-quality healthcare services is growing due to the nation's rising GDP and per capita income. However, the high cost of maintaining drones and the regulation imposed by the government act as a restraining factors for the market growth.

Favorable Government Reimbursement Policies

Favorable government reimbursement policies encourage high-quality medical treatment and make it more affordable for patients, fueling industry expansion. The development of medical drones benefits from a variety of government funding sources as well as support from private companies. For example, stepping up government efforts to create unarmed aircraft will encourage innovation. Additionally, Zipline is involved in distributing vaccines, life-saving drugs, and blood. The government's primary objective in launching these projects is to save lives by making medicines available when required.

Increasing Demand For Quality Healthcare Services

The United States' robust economic standing and the availability of a highly established healthcare infrastructure are driving the market's expansion of medical drones in the United States. The need for high-quality healthcare services is growing due to the nation's rising GDP and per capita income. As a result, not only citizens of the country but also healthcare professionals are prioritizing quality healthcare service in the country. Drone use offers a possibility to improve healthcare, particularly in remote or underserved areas, by enabling just-in-time delivery of essential medical supplies and devices, speeding up lab testing turnaround times, and lowering the cost of regular prescription care in rural locations.

High Cost For Maintaining The Drones And The Regulation Imposed By Government Act As A Restraining Factor For The Market Growth

The strict government rules are one factor that may somewhat impede industry expansion, and the deployment procedure is becoming a little more challenging due to these limitations. Last but not least, the cost of operation and maintenance associated with various drone types may also be a factor that hinders the overall expansion of the medical drone market. However, with so much research and development being done, we can anticipate the best services in the near future at a lower cost. Additionally, one of the primary driving forces is the growing government participation, which will aid in surpassing the medical drone market's restraint.

The Blood Transfer Segment Is Anticipated To Remain Dominant In The Market During The Forecast Period

By application, the market is segmented into blood transfer, drugs/pharmaceutical transfer, vaccination programs, and others. The market's dominating category has generally been blood transfer, and this trend is expected to continue during the projection period. This market's rise can be attributed to the rising demand and adoption of unmanned system logistics for supplying pathological blood products and blood samples. The logistics for vaccines is the market sector that is growing most quickly. During the forecast period, it rises due to the high demand for immunizations against various illnesses, epidemics, viral outbreaks, and the ongoing COVID-19 pandemic. One reason for the development is the capability of medical drones to deliver vaccinations quickly to far-off regions. Additionally, many agencies, like UNICEF, fund medical drones to deliver vaccines in remote areas and during emergencies, fostering market growth.

Impact of COVID-19 on United States Medical Drone Market

During the pandemic, several businesses ran drone delivery trials in the U.S., frequently using specialized, strictly regulated permissions for flight outside the visual line of sight provided by the Federal Aviation Administration. The use of drones by government organizations has increased due to their deployment for non-intrusive public monitoring and surveillance applications. Through their monitoring and surveillance, these organizations have improved their situational awareness and helped the public follow pandemic rules in various ways. Additionally, several academic institutions have been tracking the symptoms within the populace utilizing drone monitoring powered by artificial intelligence and infrared photography.

Competitive Landscape

Key players operating in the United States Medical Drone market are Zipline International Inc.(U.S.), Volansi, Inc. (U.S.), Flirtey(U.S.), Matternet(U.S.), Vayu Inc. (Ypsilanti U.S.), VillageReach, Alphabet, Inc. (Google Drones), The Boeing Company, DJI United States, Alpine 4 Holdings Inc., Draganfly, Inc., Skydio Inc., and other prominent players. Various strategies such as investment in R&D, new business ventures, production facilities, production capabilities, and product launches are used by market players to stay competitive.

The report's in-depth analysis provides information about growth potential, upcoming trends, and the United States Medical drone market statistics. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in the United States Medical drone market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the market's growth drivers, challenges, and competitive dynamics.

Product Code: BWC22491

Table of Contents

1. Research Framework

  • 1.1. Research Objective
  • 1.2. Product Overview
  • 1.3. Market Segmentation

2. Research Methodology

  • 2.1. Qualitative Research
    • 2.1.1. Primary & Secondary Research
  • 2.2. Quantitative Research
  • 2.3. Market Breakdown & Data Triangulation
    • 2.3.1. Secondary Research
    • 2.3.2. Primary Research
  • 2.4. Breakdown of Primary Research Respondents, By Region
  • 2.5. Assumption & Limitation

3. Executive Summary

4. United States Medical Drone Market Insights

  • 4.1. Industry Value Chain Analysis
  • 4.2. DROC Analysis
    • 4.2.1. Growth Drivers
      • 4.2.1.1. The High Demand for Drones for Healthcare Applications
      • 4.2.1.2. Quick Delivery of Medicines
      • 4.2.1.3. Increasing Focus On Facilitating Medical Services By Advancing The Existing Technologies
    • 4.2.2. Restraints
      • 4.2.2.1. Lack Of Unified Air Traffic Control And Qualified Pilots
    • 4.2.3. Opportunities
      • 4.2.3.1. Favorable Government Reimbursement Policies
    • 4.2.4. Challenges
      • 4.2.4.1. High Cost For Maintaining The Drones
  • 4.3. Technological Advancements/Recent Developments
  • 4.4. Regulatory Framework
  • 4.5. Porter's Five Forces Analysis
    • 4.5.1. Bargaining Power of Suppliers
    • 4.5.2. Bargaining Power of Buyers
    • 4.5.3. Threat of New Entrants
    • 4.5.4. Threat of Substitutes
    • 4.5.5. Intensity of Rivalry

5. United States Medical Drone Market Overview

  • 5.1. Market Size & Forecast by Value, 2018-2028
    • 5.1.1. By Value (USD Million)
  • 5.2. Market Share & Forecast
    • 5.2.1. By Product Type
      • 5.2.1.1. Fixed Wing Drone
      • 5.2.1.2. Hybrid Drone
      • 5.2.1.3. Rotor Drone
    • 5.2.2. By Application
      • 5.2.2.1. Blood Transfer
      • 5.2.2.2. Drugs/Pharmaceutical Transfer
      • 5.2.2.3. Vaccination Programs
      • 5.2.2.4. Others
    • 5.2.3. By End User
      • 5.2.3.1. Blood Banks
      • 5.2.3.2. Government Organizations
      • 5.2.3.3. Emergency Medical Services

6. Competitive Landscape

  • 6.1. List of Key Players and Their Offerings
  • 6.2. Market Share Analysis, 2021
  • 6.3. Competitive Benchmarking, By Operating Parameters
  • 6.4. Key Strategic Developments (Mergers, Acquisitions, Partnerships.)

7. Impact of Covid-19 on United States Medical Drone Industry

8. Company Profile (Company Overview, Financial Matrix, Competitive landscape, Key Personnel, Key Competitors, Contact Address, SWOT, and Strategic Outlook) **

  • 8.1. Zipline International Inc.(US)
  • 8.2. Volansi, Inc., (U.S.)
  • 8.3. Flirtey(US)
  • 8.4. Matternet(US)
  • 8.5. Vayu Inc. (Ypsilanti US)
  • 8.6. VillageReach
  • 8.7. Alphabet, Inc. (Google Drones)
  • 8.8. The Boeing Company
  • 8.9. DJI United States
  • 8.10. Alpine 4 Holdings Inc.
  • 8.11. Draganfly, Inc.
  • 8.12. Skydio Inc.
  • 8.13. Other prominent players

9. Key Strategic Recommendations

*Financial information in case of non-listed companies will be provided as per availability

**The segmentation and the companies are subjected to modifications based on in-depth secondary for the final deliverable

List Of Figures

  • Figure 1 United States Medical Drone Segmentation
  • Figure 2 United States Medical Drone Market Value Chain Analysis
  • Figure 3 Company Market Share Analysis, 2021
  • Figure 4 United States Medical Drone Market Share, By Value (USD Million), 2018-2028
  • Figure 5 United States Medical Drone Market Share, By Product Type, By Value, 2018-2028
  • Figure 6 United States Medical Drone Market Share, By Application, By Value, 2018-2028
  • Figure 7 United States Medical Drone Market Share, By End User, By Value, 2018-2028

List Of Tables

  • Table 1 United States Medical Drones Market Size, By Product Type, By Value, 2018-2028
  • Table 2 United States Medical Drones Market Size, By Application, By Value, 2018-2028
  • Table 3 United States Medical Drones Market Size, By End User, By Value, 2018-2028
  • Table 4 Zipline International Inc. (US) Company Overview
  • Table 5 Zipline International Inc. (US) Financial Overview
  • Table 6 Volansi, Inc., (U.S.) Company Overview
  • Table 7 Volansi, Inc., (U.S.) Financial Overview
  • Table 8 Flirtey (US) Company Overview
  • Table 9 Flirtey (US) Financial Overview
  • Table 10 Matternet (US) Company Overview
  • Table 11 Matternet (US) Financial Overview
  • Table 12 Vayu Inc. (Ypsilanti US) Company Overview
  • Table 13 Vayu Inc. (Ypsilanti US) Financial Overview
  • Table 14 VillageReach Company Overview
  • Table 15 VillageReach Financial Overview
  • Table 16 Alphabet, Inc. (Google Drones) Company Overview
  • Table 17 Alphabet, Inc. (Google Drones) Financial Overview
  • Table 18 The Boeing Company Company Overview
  • Table 19 The Boeing Company Financial Overview
  • Table 20 DJI United States Company Overview
  • Table 21 DJI United States Financial Overview
  • Table 22 Alpine 4 Holdings Inc. Company Overview
  • Table 23 Alpine 4 Holdings Inc. Financial Overview
  • Table 24 Draganfly, Inc. Company Overview
  • Table 25 Draganfly, Inc. Financial Overview
  • Table 26 Skydio Inc. Company Overview
  • Table 27 Skydio Inc. Financial Overview
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