The Global Medical Courier Market was $8.5 Bn in 2019, and it is expected to reach $21.5 Bn by 2028. It is eventually growing at a commendable high compound of annual growth rate CAGR of 8.9% between 2020-2028. However, the current pandemic of COVID-19 might make a slight difference in the growth rate in the present year. The Medical Courier Market is primarily driven by the rising need for effective delivery of samples to and from laboratory and growing pharmaceutical and biotech industry. Moreover, increasing cases of organ transplantation and its high success rate is projected to accelerate the market growth of medical courier market in the forecast period.
Global Medical Supplies Segment Is Estimated to Witness Remarkable Growth
Source: SAI Research
The global Medical Courier Market has been segmented into Type, and Application. By type, the global Medical Courier Market is divided into Lab Specimens, Medical Supplies, Transport Prescription Drugs, Deliver Blood and Organs, Transport X-Rays, and Medical Notes. By applications, the global Medical Courier Market is divided into Hospitals, Diagnostic and Clinical Laboratories, Dental Clinics, Pharmaceuticals and Biotechnology Industries, Blood and Tissue Banks and Public Health Departments. The Lab Specimens Segment is estimated to witness remarkable growth over the forecast period due to its significant benefit in delivering sample specimens to and from labs.
By Region, Asia Pacific is Holding the Major Market Share
The global Medical Courier Market has been geographically segmented into North America, Asia Pacific, Latin America, Middle East, and Africa region. In addition to this, Asia Pacific Medical Courier Market is holding the largest market share currently and is estimated to show the highest compound annual growth rate in the upcoming forecast period due to the presence of some major medical courier service providers. Moreover, the clinical supply enhancement with commercial distribution is anticipated to boost the market of medical courier in the region. Asia Pacific market is projected to show significant growth over the forecast period due increasing medical supplies and transportation of donated organ. North America region is also expected to witness remarkable growth over the forecast period from 2020 to 2028.
Major Players in Medical Courier Global Market
Some of the key players in the global Medical Courier Market include Americord Registry LLC, Aylesford Couriers Ltd., Blaze Express Courier Service, Busybees Logistics Solutions Pvt Ltd., China EMS, CitySprint (UK) Ltd., Desk to Desk Courier & Cargo (DTDC), DHL International GmbH, FedEx Corporation, IntelliQuick Delivery Inc., Maersk, Medical Courier Services Ltd., Medical Couriers, Inc., MedLine Express Services, Inc., Network Global Logistics, United Parcel Service of America Inc., World Courier Management, Inc.
The Global Medical Courier Market Has Been Segmented into:
Global Medical Courier Market: By Type
Global Medical Courier Market: By Applications
Global Medical Courier Market: By Region