DUBLIN, June 4, 2021 / PRNewswire / – The report “Market Size, Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies And Forecasts, 2021-2029” has been added to the offering from ResearchAndMarkets.com.
The global market for medical courier services is growing steadily as a direct result of the increasing trends in the same day delivery and express delivery segments. The expansion of health transport / logistics and the growing demand for faster delivery of samples and samples for diagnostic or testing purposes ensure a maximum share of sales in the market.
In addition, manufacturers are focusing on reducing logistics costs and improving a better healthcare model in various areas such as the pharmaceutical and biotechnology industries, hospitals, medical laboratories, clinics and public health authorities.
The increasing need for samples and equipment in the pharmaceutical and biotechnology industries will fuel the global expansion of the medical courier market worldwide. Various multinational medical courier service providers offer 24/7 or STAT services with more security and the shortest response times.
On-time delivery and route optimization are critical to medical couriers as items such as specimens and other organ specimens are unusable if not delivered on time. The growing need for organ transplants is a key factor that complements the overall growth of the medical courier market.
However, the risk of degradation in quality due to the rush to deliver products in the shortest possible time and the lack of trained personnel is hindering overall growth in developing countries. In addition, the dependence on their own services by hospitals with limited external logistics support limits market growth in a few regions.
Pharmaceutical and biotechnology company with significant growth
Medical courier services are showing fruitful growth in the pharmaceutical and biotech segments. Manufacturers and distributors use third-party providers at reasonable prices compared to traditional in-house shipping costs. Various small service providers offer specialized solutions such as same-day delivery, STAT delivery, express delivery and shipment tracking. In addition, it is expected that the Hospitals and Clinics segment will dominate the market in the forecast period due to the increasing demand and acceptance of medical material by these healthcare facilities.
The improvement of global logistics as well as the logistics for clinical studies, cell and gene therapy as well as direct-to-patient models promote growth in the application segment. Standard supply chain services as well as customized services for pharmaceutical storage and other industrial solutions will grow exponentially over the forecast period.
Keeps high demand and presence from top players North America in a dominant position
Currently, North America (mostly the US) has a share of sales in the world market due to the presence of some of the largest medical courier companies. Improving the clinical care model along with commercial distribution will drive revenue growth over the forecast period.
It is observed that top service providers worldwide work with medical laboratories, pharmacies, blood centers, home health authorities and veterinary laboratories. Multinational companies provide fast transportation of shipments while avoiding fragmentation and redundancy with a centralized and streamlined process by reducing overall shipping costs.
On the other hand, the increasing establishment of Special Economic Zones (SEZ), Export Processing Zones (EPZ) and Free Trade Zones (FTZ) by various Asian governments have played a supporting role in the lucrative market growth of Asia Pacific.
Other important factors are business opportunities in the private sector, and the development of cross-border electronic commerce in physical goods is contributing to a significant market share in the market. However, high costs, limited availability of courier services for clinical material, staff shortages and complex customs, export procedures and documentation are limiting the growth of the medical courier market.
Dominance of multinational service providers with a strong brand image in the developed regions
The leading companies are initiating faster and safer express deliveries in industrialized countries. In addition, acquisitions, collaborations and partnerships with smaller service providers, health organizations and public health companies will continue to drive sales growth in the coming years.
Important questions answered in this report
- What are the current and future trends in the medical courier services market?
- What are the prevailing dynamics in the private courier business and the valuable opportunities for aspiring players?
- How is the demand and lack of medical courier services affecting the world market?
- How is the medical courier developing in developing countries together with import-export consumption?
- Which application segment has the fastest CAGR in the forecast period?
- What type of application has an outstanding market share and why?
- What is the impact of the high cost of same-day delivery and express delivery on the medical courier market?
- Which services and brands in the medical courier industry are growing faster and why?
- What market trends and dynamics are there in emerging markets such as Asia Pacific, Latin America and middle East & Africa?
Key topics covered:
Chapter 1. Preface
Chapter 2. Summary
Chapter 3. Global Medical Courier Services (MC) Market: Market Dynamics and Future Prospect
Chapter 4. Global Medical Courier Services (MC) Market by Application, 2019-2029 (US $ Mn)
Chapter 5. Global Medical Courier Services (MC) Market by Geography, 2019-2029 (US $ Mn)
Chapter 6. Company Profiles
- FedEx Corporation
- DHL International GmbH
- Americord Registry LLC
- Global logistics network
- United Parcel Service of America Inc.
- Medical Couriers Inc.
- Medical Courier Services Ltd.
- Aylesford Couriers Ltd.
- CitySprint (UK) Ltd
- MedLine Express Services Inc.
- IntelliQuick Delivery Inc.
- Blaze Express courier service
Please visit https://www.researchandmarkets.com/r/f2oeq3 for more information on this report
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