North America Medical Courier Market Forecast to 2030
North America Medical Courier Market Forecast to 2030 – Regional Analysis – By 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), and End Users (Hospital and Clinics, Diagnostic Labs, Blood and Tissue Banks, Pharmacy, In Home Support, Pharmaceutical and Biotechnology Companies, and Others)
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Description
Rising Prevalence of Chronic Diseases Fuels the North America Medical Courier Market
A per the IDF Diabetes Atlas 10th edition, in 2021, One in ten adults, or 537 million, have diabetes (20-79 years old). By 2030 and 2045, this number is expected to increase to 643 million and 783 million, respectively. Further, in 2021, diabetes caused 6.7 million fatalities, or one every five seconds. Furthermore, kidney disease is a major global public health concern. Both chronic kidney disease (CKD) and acute kidney injury (AKI) are associated with significant negative health consequences, substantial medical expenses, and a low quality of life. Every year, millions of adults die early from complications associated with chronic kidney diseases (CKD), accounting for 8-10% of all adult deaths. Also, according to Global Burden of Disease Collaborative Network, Global Burden of Disease Study 2019, noncommunicable diseases (NCDs) account for 41 million annual deaths worldwide, or 74% of all fatalities. 17 million individuals die from NCDs before they become 70 years old every year; low- and middle-income nations account for 86% of these premature fatalities. 77% of NCD-related deaths occur in low- and middle-income nations. The majority of NCD deaths—17.9 million annually—are caused by cardiovascular illnesses, which are followed in death by cancer (9.3 million), chronic respiratory diseases (4.1 million), and diabetes (2.0 million, including deaths from renal disease induced by diabetes). These four categories of diseases cause more than 80% of all early NCD fatalities. Smoking, air pollution, poor diets, hazardous alcohol use, and physical inactivity increase the chance of dying from an NCD.
Thus, the increasing cases of chronic diseases such as diabetes, CKD, NCDs worldwide is simultaneously propelling the demand for medical supplies and positively influencing the medical courier market growth.
North America Medical Courier Market Overview
The North America medical courier market is segmented into the US, Canada, and Mexico. In 2022, the US held the largest market share in this region and is expected to continue its dominance during the forecast period. The projected growth of the North America medical courier market in North America is attributed to the increasing number of organ transplant surgeries owing to a rise in the number of organ failure cases such as kidney, liver, and heart. The rise in organ failure cases can be associated with a surge in the prevalence of chronic diseases related to the heart, kidney, and liver, which fuels the demand for organ transplants. According to the Organ Procurement & Transplantation Network, more than 42,800 organ transplants were performed in the US in 2022, reporting an annual increase of ~3.7%. According to the Canadian Institute of Health Information (CIHI), ~2,750 organ transplantations were carried out in Canada in 2021. Data published by the National Institutes of Health (NIH) states that ~8,500 transplantation procedures, including cornea, kidney, liver, and heart, were performed in Mexico from March 2019 to February 2021. During organ transplants, there may be a necessity to transfer the organ from one hospital to another. Medical courier businesses provide services to transport these organs on time in proper storage conditions. Medical courier service providers adopt vital patient care procedures, and ensure the prompt and efficient transportation of records, reports, medical supplies, and laboratory supplies. According to the US Bureau of Labor Statistics, ~18,000 employees—approximately 4.5% of the total courier industry employment—were employed in the medical industry in the US in 2022. The increasing employment in the medical courier industry due to the growing demand for samples and medicines for overall treatment is fueling the growth of the market. Further, the ongoing technological advancements in healthcare facilities are likely to benefit the North America medical courier market in North America during the forecast period. In 2020, UPS Flight Forward and CVS partnered to deliver prescription medicines from CVS pharmacy stores to The Villages, Florida, the largest retired people’s community in the US, which is home to more than 135,000 residents.
North America Medical Courier Market Revenue and Forecast to 2030 (US$ Million)
North America Medical Courier Market Segmentation
The North America medical courier market is segmented based on product type, destination, service, end users, and country.
Based on product type, the North America medical courier market is segmented into medical supplies and equipment, blood and organs, lab specimens, medical notes, and others. The medical supplies and equipment segment held the largest share in 2022.
By destination, the North America medical courier market is bifurcated into domestic and international. The domestic segment held a larger share in 2022.
By service, the North America medical courier market is bifurcated into standard service and rush and on-demand services. The standard service and rush segment held a larger share in 2022.
In terms of end users, the North America medical courier market is categorized into hospital and clinics, diagnostic labs, blood and tissue banks, pharmacy, in home support, pharmaceutical and biotechnology companies, and others. The hospital and clinics segment held the largest share in 2022.
Based on country, the North America medical courier market is segmented into the US, Canada, and Mexico. The US dominated the North America medical courier market in 2022.
Deutsche Post AG, FedEx Corp, MNX Global Logistics Corp, United Parcel Service Inc, and Zipline International Inc are some of the leading companies operating in the North America medical courier market.
Summary Info
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According to the research team’ research, the North America medical courier market was valued at US$ 2,270.26 in 2022 and is expected to reach US$ 3,441.37 million by 2030, registering a CAGR of 5.3% from 2022 to 2030. Increasing incidence of road accidents and rising prevalence of chronic diseases are among the critical factors attributed to the North America medical courier market expansion.
As per the WHO’s Global Status Report on Road Safety 2018, 1.35 million individuals worldwide lose their lives in traffic accidents each year. Additionally, about 3,700 persons worldwide lose their lives in collisions with automobiles, buses, motorbikes, bicycles, lorries, or pedestrians every day. Cyclists, motorcyclists, and pedestrians account for more than half of the fatalities. According to estimates, crashes rank as the seventh most common cause of mortality worldwide across all age categories and the most common death cause for children and youngsters (ages 5 to 29). Today, car accidents claim more lives than HIV/AIDS combined. Moreover, it is projected that between 2015 and 2030, both fatal and nonfatal crash injuries will cost the global economy over $1.8 trillion (in 2010 USD). A number of these road injuries involve serious injuries and demand for blood transfusion. Thus, with rising road accidents, the demand for blood transfusion and surgical hubs is also surging, thus propelling the growth of medical couriers worldwide.
On the contrary, stringent requirements for temperature control and handling hampers the growth North America medical courier market.
Based on product type, the North America medical courier market is segmented into medical supplies and equipment, blood and organs, lab specimens, medical notes, and others. The medical supplies and equipment segment held 52.6% share of the North America medical courier market in 2022, amassing US$ 1,193.57 million. It is projected to garner US$ 1,674.10 million by 2030 to expand at 4.3% CAGR during 2022-2030.
By destination, the North America medical courier market is bifurcated into domestic and international. The domestic segment held 82.1% share of the North America medical courier market in 2022, amassing US$ 1,864.43 million. It is projected to garner US$ 2,742.90 million by 2030 to expand at 4.9% CAGR during 2022-2030.
By service, the North America medical courier market is bifurcated into standard service and rush and on-demand services. The standard service and rush segment held 77.4% share of the North America medical courier market in 2022, amassing US$ 1,756.42 million. It is projected to garner US$ 2,578.69 million by 2030 to expand at 4.9% CAGR during 2022-2030.
In terms of end users, the North America medical courier market is categorized into hospital and clinics, diagnostic labs, blood and tissue banks, pharmacy, in home support, pharmaceutical and biotechnology companies, and others. The hospital and clinics segment held 30.6% share of North America medical courier market in 2022, amassing US$ 694.97 million. It is projected to garner US$ 1,032.35 million by 2030 to expand at 5.1% CAGR during 2022-2030.
Based on country, the North America medical courier market is segmented into the US, Canada, and Mexico. The US held 83.4% share of North America medical courier market in 2022, amassing US$ 1,893.40 million. It is projected to garner US$ 2,899.20 million by 2030 to expand at 5.5% CAGR during 2022-2030.
Key players operating in the North America medical courier market are Deutsche Post AG, FedEx Corp, MNX Global Logistics Corp, United Parcel Service Inc, and Zipline International Inc, among others.
o Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the North America medical courier market.
o Highlights key in order to assist companies to realign their business strategies
o The key findings and recommendations highlight crucial progressive industry trends in the North America medical courier market, thereby allowing players across the value chain to develop effective long-term strategies
o Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
o Scrutinize in-depth North America market trends and outlook coupled with the factors driving the medical courier market, as well as those hindering it
o Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution.
TABLE OF CONTENTS
1. Introduction
1.1 The Research Team Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 North America Medical Courier Market, by Country (US$ Million)
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. North America Medical Courier Market Landscape
4.1 Overview
5. North America Medical Courier Market – Key Industry Dynamics
5.1 Market Drivers:
5.1.1 Increasing Incidence of Road Accidents
5.1.2 Rising Prevalence of Chronic Diseases
5.2 Market Restraints
5.2.1 Stringent Requirements for Temperature Control and Handling
5.3 Market Opportunities
5.3.1 Growing Strategic Initiatives
5.4 Future Trends
5.4.1 Adoption of Hub and Spoke Model
5.5 Impact analysis
6. Medical Courier Market – North America Market Analysis
6.1 North America Medical Courier Market Revenue (US$ Mn), 2022 – 2030
7. North America Medical Courier Market – Revenue and Forecast to 2030 – by Product Type
7.1 Overview
7.2 North America Medical Courier Market Revenue Share, by Product Type, 2022 & 2030 (%)
7.3 Lab Specimens
7.3.1 Overview
7.3.2 Lab Specimens: North America Medical Courier Market – Revenue and Forecast to 2030 (US$ Million)
7.4 Medical Supplies and Equipment
7.4.1 Overview
7.4.2 Medical Supplies and Equipment: North America Medical Courier Market – Revenue and Forecast to 2030 (US$ Million)
7.5 Blood and Organs
7.5.1 Overview
7.5.2 Blood and Organs: North America Medical Courier Market – Revenue and Forecast to 2030 (US$ Million)
7.6 Medical Notes
7.6.1 Overview
7.6.2 Medical Notes: North America Medical Courier Market – Revenue and Forecast to 2030 (US$ Million)
7.7 Others
7.7.1 Overview
7.7.2 Others: North America Medical Courier Market – Revenue and Forecast to 2030 (US$ Million)
8. North America Medical Courier Market – Revenue and Forecast to 2030 – by Destination
8.1 Overview
8.2 North America Medical Courier Market Revenue Share, by Destination, 2022 & 2030 (%)
8.3 Domestic
8.3.1 Overview
8.3.2 Domestic: North America Medical Courier Market – Revenue and Forecast to 2030 (US$ Million)
8.4 International
8.4.1 Overview
8.4.2 International: North America Medical Courier Market – Revenue and Forecast to 2030 (US$ Million)
9. North America Medical Courier Market – Revenue and Forecast to 2030 – by Service
9.1 Overview
9.2 North America Medical Courier Market Revenue Share, by Service, 2022 & 2030 (%)
9.3 Standard Services
9.3.1 Overview
9.3.2 Standard Services: North America Medical Courier Market – Revenue and Forecast to 2030 (US$ Million)
9.4 Rush and On-demand Services
9.4.1 Overview
9.4.2 Rush and On-demand Services: North America Medical Courier Market – Revenue and Forecast to 2030 (US$ Million)
10. North America Medical Courier Market – Revenue and Forecast to 2030 – by End User
10.1 Overview
10.2 North America Medical Courier Market Revenue Share, by End User, 2022 & 2030 (%)
10.3 Hospitals and Clinics
10.3.1 Overview
10.3.2 Hospitals and Clinics: North America Medical Courier Market – Revenue and Forecast to 2030 (US$ Million)
10.4 Diagnostic Labs
10.4.1 Overview
10.4.2 Diagnostic Labs: North America Medical Courier Market – Revenue and Forecast to 2030 (US$ Million)
10.5 Pharmaceutical and Biotechnology Companies
10.5.1 Overview
10.5.2 Pharmaceutical and Biotechnology Companies: North America Medical Courier Market – Revenue and Forecast to 2030 (US$ Million)
10.6 Blood and Tissue Banks
10.6.1 Overview
10.6.2 Blood and Tissue Banks: North America Medical Courier Market – Revenue and Forecast to 2030 (US$ Million)
10.7 Pharmacies
10.7.1 Overview
10.7.2 Pharmacies: North America Medical Courier Market – Revenue and Forecast to 2030 (US$ Million)
10.8 In Home Support
10.8.1 Overview
10.8.2 In Home Support: North America Medical Courier Market – Revenue and Forecast to 2030 (US$ Million)
10.9 Others
10.9.1 Overview
10.9.2 Others: North America Medical Courier Market – Revenue and Forecast to 2030 (US$ Million)
11. North America Medical Courier Market – Country Analysis
11.1 Overview
11.1.1.1 North America Medical Courier Market, by Country
11.1.1.2 US
11.1.1.2.1 US: North America Medical Courier Market Revenue and Forecast to 2030 (US$ Mn)
11.1.1.2.2 US: North America Medical Courier Market, by Product Type, 2020-2030 (US$ Million)
11.1.1.2.3 US: North America Medical Courier Market, by Destination, 2020-2030 (US$ Million)
11.1.1.2.4 US: North America Medical Courier Market, by Service, 2020-2030 (US$ Million)
11.1.1.2.5 US: North America Medical Courier Market, by End User, 2020-2030 (US$ Million)
11.1.1.3 Canada
11.1.1.3.1 Canada: North America Medical Courier Market Revenue and Forecast to 2030 (US$ Mn)
11.1.1.3.2 Canada: North America Medical Courier Market, by Product Type, 2020-2030 (US$ Million)
11.1.1.3.3 Canada: North America Medical Courier Market, by Destination, 2020-2030 (US$ Million)
11.1.1.3.4 Canada: North America Medical Courier Market, by Service, 2020-2030 (US$ Million)
11.1.1.3.5 Canada: North America Medical Courier Market, by End User, 2020-2030 (US$ Million)
11.1.1.4 Mexico
11.1.1.4.1 Mexico: North America Medical Courier Market Revenue and Forecast to 2030 (US$ Mn)
11.1.1.4.2 Mexico: North America Medical Courier Market, by Product Type, 2020-2030 (US$ Million)
11.1.1.4.3 Mexico: North America Medical Courier Market, by Destination, 2020-2030 (US$ Million)
11.1.1.4.4 Mexico: North America Medical Courier Market, by Service, 2020-2030 (US$ Million)
11.1.1.4.5 Mexico: North America Medical Courier Market, by End User, 2020-2030 (US$ Million)
12. North America Medical Courier Market-Industry Landscape
12.1 Overview
12.2 Growth Strategies in North America Medical Courier Market
12.3 Organic Growth Strategies
12.3.1 Overview
12.4 Inorganic Growth Strategies
12.4.1 Overview
13. Company Profiles
13.1 MNX Global Logistics Corp
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Zipline International Inc
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 United Parcel Service Inc
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 FedEx Corp
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Deutsche Post AG
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
14. Appendix
14.1 About Us
14.2 Glossary of Terms
LIST OF TABLES
Table 1. North America Medical Courier Market Segmentation
Table 2. US: North America Medical Courier Market, by Product Type – Revenue and Forecast to 2030 (US$ Million)
Table 3. US North America Medical Courier Market, by Destination – Revenue and Forecast to 2030 (US$ Million)
Table 4. US: North America Medical Courier Market, by Service – Revenue and Forecast to 2030 (US$ Million)
Table 5. US: North America Medical Courier Market, by End User – Revenue and Forecast to 2030 (US$ Million)
Table 6. Canada: North America Medical Courier Market, by Product Type – Revenue and Forecast to 2030 (US$ Million)
Table 7. Canada: North America Medical Courier Market, by Destination – Revenue and Forecast to 2030 (US$ Million)
Table 8. Canada: North America Medical Courier Market, by Service – Revenue and Forecast to 2030 (US$ Million)
Table 9. Canada: North America Medical Courier Market, by End User – Revenue and Forecast to 2030 (US$ Million)
Table 10. Mexico: North America Medical Courier Market, by Product Type – Revenue and Forecast to 2030 (US$ Million)
Table 11. Mexico: North America Medical Courier Market, by Destination – Revenue and Forecast to 2030 (US$ Million)
Table 12. Mexico: North America Medical Courier Market, by Service – Revenue and Forecast to 2030 (US$ Million)
Table 13. Mexico: North America Medical Courier Market, by End User – Revenue and Forecast to 2030 (US$ Million)
Table 14. Recent Organic Growth Strategies in North America Medical Courier Market
Table 15. Recent Inorganic Growth Strategies in the North America Medical Courier Market
Table 16. Glossary of Terms, North America Medical Courier Market
LIST OF FIGURES
Figure 1. North America Medical Courier Market Segmentation, By Country
Figure 2. North America Medical Courier Market – Key Industry Dynamics
Figure 3. Impact Analysis of Drivers and Restraints
Figure 4. North America Medical Courier Market Revenue (US$ Mn), 2022 – 2030
Figure 5. North America Medical Courier Market Revenue Share, by Product Type, 2022 & 2030 (%)
Figure 6. Lab Specimens: North America Medical Courier Market – Revenue and Forecast to 2030 (US$ Million)
Figure 7. Medical Supplies and Equipment: North America Medical Courier Market – Revenue and Forecast to 2030 (US$ Million)
Figure 8. Blood and Organs: North America Medical Courier Market – Revenue and Forecast to 2030 (US$ Million)
Figure 9. Medical Notes: North America Medical Courier Market – Revenue and Forecast to 2030 (US$ Million)
Figure 10. Others: North America Medical Courier Market – Revenue and Forecast to 2030 (US$ Million)
Figure 11. North America Medical Courier Market Revenue Share, by Destination, 2022 & 2030 (%)
Figure 12. Domestic: North America Medical Courier Market – Revenue and Forecast to 2030 (US$ Million)
Figure 13. International: North America Medical Courier Market – Revenue and Forecast to 2030 (US$ Million)
Figure 14. North America Medical Courier Market Revenue Share, by Service, 2022 & 2030 (%)
Figure 15. Standard Services: North America Medical Courier Market – Revenue and Forecast to 2030 (US$ Million)
Figure 16. Rush and On-demand Services: North America Medical Courier Market – Revenue and Forecast to 2030 (US$ Million)
Figure 17. North America Medical Courier Market Revenue Share, by End User, 2022 & 2030 (%)
Figure 18. Hospitals and Clinics: North America Medical Courier Market – Revenue and Forecast to 2030 (US$ Million)
Figure 19. Diagnostic Labs: North America Medical Courier Market – Revenue and Forecast to 2030 (US$ Million)
Figure 20. Pharmaceutical and Biotechnology Companies: North America Medical Courier Market – Revenue and Forecast to 2030 (US$ Million)
Figure 21. Blood and Tissue Banks: North America Medical Courier Market – Revenue and Forecast to 2030 (US$ Million)
Figure 22. Pharmacies: North America Medical Courier Market – Revenue and Forecast to 2030 (US$ Million)
Figure 23. In Home Support: North America Medical Courier Market – Revenue and Forecast to 2030 (US$ Million)
Figure 24. Others: North America Medical Courier Market – Revenue and Forecast to 2030 (US$ Million)
Figure 25. North America: Courier Market, by Key Country – Revenue (2022) (US$ Million)
Figure 26. North America Medical Courier Market, By Key Countries, 2022 and 2030 (%)
Figure 27. US: North America Medical Courier Market Revenue and Forecast to 2030 (US$ Mn)
Figure 28. Canada: North America Medical Courier Market Revenue and Forecast to 2030 (US$ Mn)
Figure 29. Mexico: North America Medical Courier Market Revenue and Forecast to 2030 (US$ Mn)
Figure 30. Growth Strategies in North America Medical Courier Market
The List of Companies – North America Medical Courier Market
1. Deutsche Post AG
2. FedEx Corp
3. MNX Global Logistics Corp
4. United Parcel Service Inc
5. Zipline International Inc
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