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Medical Courier Market By Service Type (Standard Courier services, International Services, Rush & On-demand, Pallet, Shipment & Warehousing, Others) By Application (Hospitals, Diagnostic Labs, Pharmaceuticals, Blood, Banks, Medical equipment & Suppliers, Others) – Growth, Future Prospects & Competitive Analysis, 2016 – 2028

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Market Insights

What is the Technology Upgradation in the Global Medical Courier Market?

Growth has completely recovered and is expected to expand by 4.1 percent in 2021, owing to healthcare innovations and rapid technological advancement. For example, the medical courier includes real-time tracking technology, which helps courier businesses ensure safe and fast product delivery. In 2021, United Parcel Service, an American supply chain management corporation, intends to collaborate with medical groups to offer drone-based medical courier services. The company also intends to expand its drone-based services to medical supplies by using drones to deliver prescribed medicines and other medical products.

medical-courier-market

What is the Market Size of Medical Courier in terms of value?

Global Medical Courier Market is projected to increase at a significant CAGR of 5.40% in the coming years. In 2021, the global Medical Courier market was valued at USD 5.2 billion and is projected to reach USD 7.12 billion by 2028. The demand for Medical Courier is projected to increase substantially in the coming years and is presumed to generate revenue opportunities for the key industry players worth USD 1.92 billion during the forecast period between 2021 and 2028.

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How Geriatric Population effect the Global Medical Courier Market Growth?

The growing global geriatric population positively affects the demand for medical samples in the global medical courier market. The elderly population is vulnerable to various chronic diseases, which fuels the number of surgical procedures, demand for various tests, and supply delivery services. In 2021, there are 703 million persons aged 65 and above. The number of elderly people is expected to double to 1.5 billion by 2028, which would directly impact the growth of the medical courier business. Population aging has been quickest in eastern Southeast Asia and Latin America. According to the United Nations, the global geriatric population is expected to reach 2 billion by 2050. 

Interesting Facts about Medical Courier Industry

  • A strong consumer focus drives the worldwide medical courier market. The global market is expected to be propelled by the changing choices and expectations of the new-age customer. 
  • A strong consumer focus drives the global medical courier market. The global market is expected to be driven by the changing choices and expectations of the new-age customer.
  • The growing need for specimens and technology in the pharmaceutical and biotechnology industries would boost the overall growth of the medical courier market. 
  • Asia Pacific region had a major share in terms of volume and value in the global Medical Courier market in 2021 and is projected to continue its dominance over the forecast period.
  • Diagnostic Labs witnessed high growth during the forecast period due to owing to the outbreak of the COVID-19 pandemic in 2021 has fuelled the growth of this segment.

Who are the Top 10 players/companies in Medical Courier market regarding value and volume?

The value and volume of the global Medical Courier market include “Affordable Courier Solutions, Inc, Aylesford Couriers swine, City Sprint Healthcare, Ineloquence Delivery, Inc., Best Courier, Americold Registry LLC, Blaze Express Courier Service, Dynamex and Other Prominent Players. In addition, mergers and acquisitions, collaborations, and collaborative agreements are also important initiatives performed by major market players. Moreover, some regional and country-level players are also investing heavily to expand their product portfolio and enhance their sales. For instance, In May 2021, FedEx and Microsoft joined hands to innovate and transform the end-to-end commerce experience.

In April 2019, Maren, a business unit of UPS, expanded its logistics footprint in Italy by acquiring HRTL. In addition, Maren expanded its European presence by acquiring Austria-based HETO and Hungary-based Der Currier. This, in turn, is anticipated to drive the market in the forthcoming years. 

Who are the Top 10 Countries in the Medical Courier Market?

The major countries in the global Medical Courier market are US, Canada, United Kingdom, USA, Germany, China Japan, India, France, Spain, UAE. US medical courier market held a 34 percent market share. It is due to the high demand found across all needs. The presence of some of the top medical courier service providers in the US creates a revenue share in the global industry. Improvements to the clinical supply model and commercial distribution will drive revenue growth during the forecast period. Autonomous logistics is projected to gain traction in the medical courier services markets in the United States. This is due to rising fuel, maintenance, and labor expenses, affecting logistics companies’ profitability.

Which is the Key Application Area in the Medical Courier Market?

The key applications of Medical Courier include Hospitals, Diagnostic Labs, Pharmaceuticals, Blood Banks, and medical equipment & Suppliers. In 2021, hospitals were expected to develop at the fastest rate between 2022 and 2028. It’s because of the pandemic and other surgical treatments’ high demand. Many COVID-19 have been used to meet the demand. As a result, COVID has resulted in the hospitalization of 621,095 individuals in hospitals.

Patients’ increased demand for door-to-door delivery of various prescription medications and medical supplies is fuelling market expansion. Experts predict that the numbers will be felt in installments over the next few years. The segment would surpass the market due to strong demand and the rapid development of new medical equipment. 

What are the Major Driving Factors for Medical Courier Market?

An increase in the number of surgical procedures, combined with the use of medical courier services for delivering medical supplies to healthcare institutions on time, is likely to drive market expansion. Also, the rising incidence of traffic accidents is likely to be a major driver of the medical supply delivery service market. Road accidents increase the need for emergency services, which increases the demand for medical supply delivery services. In addition, the growing need for organ transplants is an important aspect contributing to the overall growth of the medical courier market.

What are the Major Restraints for Medical Courier Market?

Developing and underdeveloped countries face a shortage of trained personnel and rover in the upcoming years. The threat of compromising quality owing to a drive to provide products in the quickest period feasible, as well as a lack of skilled people, challenging the growth in developing countries. The risk of sacrificing quality to deliver products in the shortest time is the major factor hindering the market growth over the upcoming years.

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Which Region Dominated the World Medical Courier Market?

In 2021, North America, Europe, APAC, MEA, and South & Central America, after examining political, economic, social, and technical aspects influencing the Medical Courier market in these regions, Asia Pacific dominated the global Medical Courier market and accounted for more than 34% of the market revenue share in terms of value as well as volume. Adoption and implementation of flying drone technologies are expanding in developing economies, opening new markets in China and India in collaboration with private operators. The rise of e-commerce has resulted in an increase in the number of parcel delivery and logistics service providers in the region. 

North America holds the second largest in market during the forecast period. Automation is a crucial factor driving the rise of the courier and local delivery services market share in North America. Autonomous logistics is projected to gain traction in North America’s courier and local delivery services markets. This is due to rising fuel, maintenance, and labor expenses, affecting logistics companies’ profitability.

Segmentation of Global Medical Courier Market-

Global Medical Courier Market – By Service Service Type

  • Standard Courier services
  • International Services
  • Rush & On-demand
  • Pallet Shipment & Warehousing
  • Others

 Global Medical Courier Market – By Application

  • Hospitals
  • Diagnostic Labs
  • Pharmaceuticals
  • Blood Banks
  • Medical equipment & Suppliers
  • Others

1. Preface
1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.3.4. Approach Adopted
1.3.4.1. Top-Down Approach
1.3.4.2. Bottom-Up Approach
1.3.5. Assumptions
1.4. Market Segmentation

2. Executive Summary
2.1. Market Snapshot: Global Medical Courier Market

3. Market Dynamics & Factors Analysis
3.1. Introduction
3.1.1. Global Medical Courier Market Value, 2016-2028, (US$ Bn)
3.2. Market Dynamics
3.2.1. Key Growth Trends
3.2.2. Major Industry Challenges
3.2.3. Key Growth Pockets
3.3. Attractive Investment Proposition,2021
3.3.1. Service Type
3.3.2. Application
3.3.3. Geography
3.4. Porter’s Five Forces Analysis
3.4.1. Threat of New Entrants
3.4.2. Bargaining Power of Buyers/Consumers
3.4.3. Bargaining Power of Suppliers
3.4.4. Threat of Substitute Service Types
3.4.5. Intensity of Competitive Rivalry
3.5. Value Chain Analysis

4. Market Positioning of Key Players, 2021
4.1. Company market share of key players, 2021
4.2. Top 6 Players
4.3. Top 3 Players
4.4. Major Strategies Adopted by Key Players

5. COVID 19 Impact Analysis
5.1. Global Medical Courier Market Pre Vs Post COVID 19, 2019 – 2028
5.2. Impact on Import & Export
5.3. Impact on Demand & Supply

6. North America
6.1. North America Medical Courier Market, by Country, 2016-2028(US$ Bn)
6.1.1. U.S.
6.1.2. Canada
6.1.3. Mexico
6.2. North America Medical Courier Market, by Service Type, 2016-2028(US$ Bn)
6.2.1. Overview
6.2.2. Standard Courier services
6.2.3. International Services
6.2.4. Rush & On-demand
6.2.5. Pallet Shipment & Warehousing
6.2.6. Others
6.3. North America Medical Courier Market, by Application, 2016-2028(US$ Bn)
6.3.1. Overview
6.3.2. Hospitals
6.3.3. Diagnostic Labs
6.3.4. Pharmaceuticals
6.3.5. Blood Banks
6.3.6. Medical equipment & Suppliers
6.3.7. Others

7. Europe
7.1. Europe Medical Courier Market, by Country, 2016-2028(US$ Bn)
7.1.1. UK
7.1.2. France
7.1.3. Germany
7.1.4. Italy
7.1.5. Russia
7.1.6. Ukraine
7.1.7. Spain
7.1.8. Belgium
7.1.9. Netherland
7.1.10. Austria
7.1.11. Sweden
7.1.12. Poland
7.1.13. Denmark
7.1.14. Switzerland
7.1.15. Rest of Europe
7.2. Europe Medical Courier Market, by Service Type, 2016-2028(US$ Bn)
7.2.1. Overview
7.2.2. Standard Courier services
7.2.3. International Services
7.2.4. Rush & On-demand
7.2.5. Pallet Shipment & Warehousing
7.2.6. Others
7.3. Europe Medical Courier Market, by Application, 2016-2028(US$ Bn)
7.3.1. Overview
7.3.2. Hospitals
7.3.3. Diagnostic Labs
7.3.4. Pharmaceuticals
7.3.5. Blood Banks
7.3.6. Medical equipment & Suppliers
7.3.7. Others

8. Asia Pacific
8.1. Asia Pacific Medical Courier Market, by Country, 2016-2028(US$ Bn)
8.1.1. China
8.1.2. Japan
8.1.3. South Korea
8.1.4. India
8.1.5. Australia
8.1.6. New Zealand
8.1.7. Taiwan
8.1.8. Indonesia
8.1.9. Malaysia
8.1.10. Philippine
8.1.11. Rest of Asia Pacific
8.2. Asia Pacific Medical Courier Market, by Service Type, 2016-2028(US$ Bn)
8.2.1. Overview
8.2.2. Standard Courier services
8.2.3. International Services
8.2.4. Rush & On-demand
8.2.5. Pallet Shipment & Warehousing
8.2.6. Others
8.3. Asia Pacific Medical Courier Market, by Application, 2016-2028(US$ Bn)
8.3.1. Overview
8.3.2. Hospitals
8.3.3. Diagnostic Labs
8.3.4. Pharmaceuticals
8.3.5. Blood Banks
8.3.6. Medical equipment & Suppliers
8.3.7. Others

9. Latin America
9.1. Latin America Medical Courier Market, by Country, 2016-2028(US$ Bn)
9.1.1. Brazil
9.1.2. Argentina
9.1.3. Peru
9.1.4. Chile
9.1.5. Colombia
9.1.6. Rest of Latin America
9.2. Latin America Medical Courier Market, by Service Type, 2016-2028(US$ Bn)
9.2.1. Overview
9.2.2. Standard Courier services
9.2.3. International Services
9.2.4. Rush & On-demand
9.2.5. Pallet Shipment & Warehousing
9.2.6. Others
9.3. Latin America Medical Courier Market, by Application, 2016-2028(US$ Bn)
9.3.1. Overview
9.3.2. Hospitals
9.3.3. Diagnostic Labs
9.3.4. Pharmaceuticals
9.3.5. Blood Banks
9.3.6. Medical equipment & Suppliers
9.3.7. Others

10. Middle East
10.1. Middle East Medical Courier Market, by Country, 2016-2028(US$ Bn)
10.1.1. UAE
10.1.2. KSA
10.1.3. Israel
10.1.4. Turkey
10.1.5. Iran
10.1.6. Rest of Middle East
10.2. Middle East Medical Courier Market, by Service Type, 2016-2028(US$ Bn)
10.2.1. Overview
10.2.2. Standard Courier services
10.2.3. International Services
10.2.4. Rush & On-demand
10.2.5. Pallet Shipment & Warehousing
10.2.6. Others
10.3. Middle East Medical Courier Market, by Application, 2016-2028(US$ Bn)
10.3.1. Overview
10.3.2. Hospitals
10.3.3. Diagnostic Labs
10.3.4. Pharmaceuticals
10.3.5. Blood Banks
10.3.6. Medical equipment & Suppliers
10.3.7. Others

11. Africa
11.1. Africa Medical Courier Market, by Country, 2016-2028(US$ Bn)
11.1.1. South Africa
11.1.2. Egypt
11.1.3. Nigeria
11.1.4. Rest of Africa
11.2. Africa Medical Courier Market, by Service Type, 2016-2028(US$ Bn)
11.2.1. Overview
11.2.2. Standard Courier services
11.2.3. International Services
11.2.4. Rush & On-demand
11.2.5. Pallet Shipment & Warehousing
11.2.6. Others
11.3. Africa Medical Courier Market, by Application, 2016-2028(US$ Bn)
11.3.1. Overview
11.3.2. Hospitals
11.3.3. Diagnostic Labs
11.3.4. Pharmaceuticals
11.3.5. Blood Banks
11.3.6. Medical equipment & Suppliers
11.3.7. Others

12. Global
12.1. Global Medical Courier Market, by Service Type, 2016-2028(US$ Bn)
12.1.1. Overview
12.1.2. Standard Courier services
12.1.3. International Services
12.1.4. Rush & On-demand
12.1.5. Pallet Shipment & Warehousing
12.1.6. Others
12.2. Global Medical Courier Market, by Application, 2016-2028(US$ Bn)
12.2.1. Overview
12.2.2. Hospitals
12.2.3. Diagnostic Labs
12.2.4. Pharmaceuticals
12.2.5. Blood Banks
12.2.6. Medical equipment & Suppliers
12.2.7. Others

13. Company Profiles
13.1. Affordable Courier Solutions, Inc
13.2. Aylesford Couriers swine
13.3. City Sprint Healthcare
13.4. Ineloquence Delivery, Inc.
13.5. Best Courier
13.6. Americold Registry LLC
13.7. Blaze Express Courier Service
13.8. Dynamex
13.9. Others

List of Figures

FIG. 1 Global Medical Courier Market: Research Methodology
FIG. 2 Market Size Estimation – Top Down & Bottom up Approach
FIG. 3 Global Medical Courier Market Segmentation
FIG. 4 Global Medical Courier Market, by Service Type, 2019 (US$ Bn)
FIG. 5 Global Medical Courier Market, by Application, 2021 (US$ Bn)
FIG. 6 Global Medical Courier Market, by Geography, 2021 (US$ Bn)
FIG. 7 Attractive Investment Proposition, by Geography, 2021
FIG. 8 Global Market Positioning of Key Medical Courier Market Manufacturers, 2019
FIG. 9 Global Medical Courier Market Value Contribution, By Service Type, 2021 & 2028 (Value %)
FIG. 10 Global Medical Courier Market, by Standard Courier services, Value, 2016-2028 (US$ Bn)
FIG. 11 Global Medical Courier Market, by International Services, Value, 2016-2028 (US$ Bn)
FIG. 12 Global Medical Courier Market, by Rush & On-demand, Value, 2016-2028 (US$ Bn)
FIG. 13 Global Medical Courier Market, by Pallet Shipment & Warehousing, Value, 2016-2028 (US$ Bn)
FIG. 14 Global Medical Courier Market, by Others, Value, 2016-2028 (US$ Bn)
FIG. 15 Global Medical Courier Market Value Contribution, By Application, 2021 & 2028 (Value %)
FIG. 16 Global Medical Courier Market, by Hospitals, Value, 2016-2028 (US$ Bn)
FIG. 17 Global Medical Courier Market, by Diagnostic Labs, Value, 2016-2028 (US$ Bn)
FIG. 18 Global Medical Courier Market, by Pharmaceuticals, Value, 2016-2028 (US$ Bn)
FIG. 19 Global Medical Courier Market, by Blood Banks, Value, 2016-2028 (US$ Bn)
FIG. 20 Global Medical Courier Market, by Medical equipment & Suppliers, Value, 2016-2028 (US$ Bn)
FIG. 21 U.S. Medical Courier Market, 2016-2028 (US$ Bn)
FIG. 22 Rest of North America Medical Courier Market, 2016-2028 (US$ Bn)
FIG. 23 U.K. Medical Courier Market, 2016-2028 (US$ Bn)
FIG. 24 Germany Medical Courier Market, 2016-2028 (US$ Bn)
FIG. 25 France Medical Courier Market, 2016-2028 (US$ Bn)
FIG. 26 Italy Medical Courier Market, 2016-2028 (US$ Bn)
FIG. 27 Spain Medical Courier Market, 2016-2028 (US$ Bn)
FIG. 28 Russia Medical Courier Market, 2016-2028 (US$ Bn)
FIG. 29 BENELUX Medical Courier Market, 2016-2028 (US$ Bn)
FIG. 30 Poland Medical Courier Market, 2016-2028 (US$ Bn)
FIG. 31 Austria Medical Courier Market, 2016-2028 (US$ Bn)
FIG. 32 Rest of Europe Medical Courier Market, 2016-2028 (US$ Bn)
FIG. 33 Japan Medical Courier Market, 2016-2028 (US$ Bn)
FIG. 34 China Medical Courier Market, 2016-2028 (US$ Bn)
FIG. 35 India Medical Courier Market, 2016-2028 (US$ Bn)
FIG. 36 South Korea Medical Courier Market, 2016-2028 (US$ Bn)
FIG. 37 Australia Medical Courier Market, 2016-2028 (US$ Bn)
FIG. 38 Southeast Asia Medical Courier Market, 2016-2028 (US$ Bn)
FIG. 39 Rest of Asia Pacific Medical Courier Market, 2016-2028 (US$ Bn)
FIG. 40 Middle East & Africa Medical Courier Market, 2016-2028 (US$ Bn)
FIG. 41 South Africa Medical Courier Market, 2016-2028 (US$ Bn)
FIG. 42 Nigeria Medical Courier Market, 2016-2028 (US$ Bn)
FIG. 43 Egypt Medical Courier Market, 2016-2028 (US$ Bn)
FIG. 44 GCC Medical Courier Market, 2016-2028 (US$ Bn)
FIG. 45 Israel Medical Courier Market, 2016-2028 (US$ Bn)
FIG. 46 Latin America Medical Courier Market, 2016-2028 (US$ Bn)
FIG. 47 Mechanicalzil Medical Courier Market, 2016-2028 (US$ Bn)
FIG. 48 Argentina Medical Courier Market, 2016-2028 (US$ Bn)
FIG. 49 Colombia Medical Courier Market, 2016-2028 (US$ Bn)
FIG. 50 Peru Medical Courier Market, 2016-2028 (US$ Bn)
FIG. 51 Chile Medical Courier Market, 2016-2028 (US$ Bn)

List of Tables

TABLE 1 Market Snapshot: Global Medical Courier Market
TABLE 2 Global Medical Courier Market, by Service Type, 2016-2028 (US$ Bn)
TABLE 3 Global Medical Courier Market, by Application, 2016-2028 (US$ Bn)
TABLE 4 Global Medical Courier Market, by Geography, 2016-2028 (US$ Bn)
TABLE 5 North America Medical Courier Market, by Service Type, 2016-2028 (US$ Bn)
TABLE 6 North America Medical Courier Market, by Application, 2016-2028 (US$ Bn)
TABLE 7 North America Medical Courier Market, by Country, 2016-2028 (US$ Bn)
TABLE 8 Europe Medical Courier Market, by Service Type, 2016-2028 (US$ Bn)
TABLE 9 Europe Medical Courier Market, by Application, 2016-2028 (US$ Bn)
TABLE 10 Europe Medical Courier Market, by Country/Region, 2016-2028 (US$ Bn)
TABLE 11 Asia Pacific Medical Courier Market, by Service Type, 2016-2028 (US$ Bn)
TABLE 12 Asia Pacific Medical Courier Market, by Application, 2016-2028 (US$ Bn)
TABLE 13 Asia Pacific Medical Courier Market, by Country/Region, 2016-2028 (US$ Bn)
TABLE 14 Latin America Medical Courier Market, by Service Type, 2016-2028 (US$ Bn)
TABLE 15 Latin America Medical Courier Market, by Application, 2016-2028 (US$ Bn)
TABLE 16 Latin America Medical Courier Market, by Country/Region, 2016-2028 (US$ Bn)
TABLE 17 Middle East Medical Courier Market, by Service Type, 2016-2028 (US$ Bn)
TABLE 18 Middle East Medical Courier Market, by Application, 2016-2028 (US$ Bn)
TABLE 19 Middle East Medical Courier Market, by Country/Region, 2016-2028 (US$ Bn)
TABLE 20 Africa Medical Courier Market, by Service Type, 2016-2028 (US$ Bn)
TABLE 21 Africa Medical Courier Market, by Application, 2016-2028 (US$ Bn)
TABLE 22 Africa Medical Courier Market, by Country/Region, 2016-2028 (US$ Bn)

Frequently Asked Questions

Which is the leading market for Medical Courier?

Asia Pacific accounted for the highest share in the global Medical Courier market in terms of value and volume.

What are the key drivers for the growth of the Medical Courier market?

The growing requirement for speedy transportation and delivery of pharmaceuticals and medical supplies during emergencies, as well as an increased focus on strengthening the healthcare system and lowering supply chain costs, are key factors driving the medical supply delivery service market expansion.

Which is the major segment in Medical Courier Market by Applications?

Pharmaceutical Medical Courier had a major share in 2021 with more than 20% of the market revenue share. Besides, Diagnostic labs is projected to witness the fastest growth.

Who are the top performing companies in Medical Courier Market?

Affordable Courier Solutions, Inc, Aylesford Couriersswine, CitySprint Healthcare, IntelliQuick Delivery, Inc., Best Courier, Americord Registry LLC, Blaze Express Courier Service, Dynamex and Other Prominent Players.

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