Logo
Saturday, 25 May 2024
Thursday, 10 Aug 2023 12:00 am

UK Medical Courier Market is expected to reach US$ 505.27 million by 2028

UK Medical Courier Market is growing at a CAGR of 5.2% to reach US$ 505.27 million by 2028 from US$ 373.92 million in 2023 by Product Type, Destination, Service, and End User.

By The Insight Partners

Medical Supplies and Equipment Segment to Dominate UK Medical Courier Market During 2023–2028

According to our new research study on "UK Medical Courier Market Forecast to 2028 – COVID-19 Impact and Country Analysis – by Product Type, Destination, Service and End User," the market is expected to grow from US$ 373.92 million in 2022 to US$ 505.27 million by 2028; it is estimated to register a CAGR of 5.2% from 2023 to 2028. Key factors driving the market growth are Increasing incidence of road accidents and growing number of surgeries and rising prevalence of chronic diseases are the key driving factors for the growth of the UK medical courier market. However, delay in deliveries due to shortage of skilled truck drivers are hindering the growth of the UK medical courier market during the forecast period.

UK Medical Courier Market, by Product Type, 2022 (%)

To get free sample copy of the report, along with the TOC, Statistics, and Tables please visit @ https://www.theinsightpartners.com/brochure/TIPRE00029931 Source: The Insight Partners Analysis

Medical supplies and equipment is the leading segment by product type of the UK medical courier market. Products, including consumables, accessories, and many more, are essential medical supplies that a healthcare facility center requires repeatedly. These medical supplies need refilling the stock at a healthcare facility center every few days. Therefore, the need for courier services is more in the country. For equipment, courier services are limitedly opted (while setting up the healthcare facility center or at the time of replacement due to damage or replacing old equipment with hi-tech equipment). However, the medical courier market for this segment is expected to grow faster as the demand for medical supplies is expanding every day. In addition, the country will likely experience increasing numbers of hospitals and other healthcare facility centers. According to the Department of Health and Social Care's announcement in October 2020, the UK government has confirmed funding of US$ 3 billion (£3.7 billion) to build 40 hospitals and eight schemes to offer funding to deliver 48 hospitals by 2030. Therefore, it is expected that the demand will grow for hi-tech equipment and advanced medical supplies from other European countries or other countries worldwide simultaneously increasing the demand for courier services in the country. Also, the growing export of medical supplies and equipment from the UK to other countries will influence the growth of the market. Furthermore, the adoption of e-commerce in the healthcare sector has evolved and replaced conventional courier services in the country leading to significant market growth.

Whereas lab specimens is the fastest segment by product type of the UK medical courier market. Many labs and medical facilities have in-house delivery services to handle lab specimens. However, many labs and medical facility centers outsource medical logistics services offered by independent shipping and delivery companies. Lab specimens are critical products that need a temperature-controlled environment. While transporting lab specimens, it is essential to ensure safe and compliant collection, pickup, and delivery. Various guidelines are published by regulatory bodies in the UK for the safe transport of lab specimens. According to the Oxford University Hospitals NHS Foundation Trust data published in January 2023, over three-quarters of all medical diagnosis relies on laboratory diagnostics, and the NHS performs more than 6.5 million tests each year. Many diagnostic tests are done on blood, urine, or other body fluids or tissue samples. Among these samples, a few are routinely performed, and some require diagnostic tests that are rare and complex. Therefore, the tests needing transportation services are outsourced to advanced, hi-tech laboratories. Thus, the statistics of lab tests performed yearly at the NHS will likely propel the demand for medical courier services. Many private healthcare facility centers across the country also offer lab services. According to The Royal College of Pathology, nearly 105 hospitals offer pathology services, ~300,000 tests are performed every working day, and almost 14 tests are performed on each patient yearly in England and Wales. Thus, the number of pathology tests performed in a year in the country will significantly influence the market expansion during the forecast period.

ERS Transition Ltd; Send Direct Ltd; Med Logistics Group Ltd; CitySprint (UK) Ltd; United Parcel Service Inc; FedEx Corp; Aylesford Couriers Ltd; Reliant Couriers & Haulage Ltd; Coulson Ventures Ltd, and Deutsche Post AG. among others. are among the key companies operating in the UK medical courier market.

The report segments the UK medical courier market as follows:

Based on product type, is segmented into lab specimens, medical supplies and equipment, blood and organs, medical notes, and others. Based on destination, the segment is bifurcated into domestic and international. On the basis of service, the segment is classified as standard services and rush and on-demand services. And on the basis of end user, the segment is sub segmented into hospitals and clinics, diagnostic labs, pharmaceutical and biotechnology companies, blood and tissue banks, in-home support, and others.

Contact Us
Contact Us: The Insight Partners 
Phone: +1-646-491-9876
Email Id: sales@theinsightpartners.com 


The Insight Partners :    https://www.theinsightpartners.com

The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.


Smarter Decisions with Smart News

Smart Market News is committed to getting its readers the latest updates and insights on industries that help in making “smarter” business decisions. With insights and inputs from corporate decision makers, we bring you the stories of adopting innovative solutions and strategies that have been changing the world. Our editorial insights on products, solutions, companies, and adoption of best practices not only help in understanding the markets better, but also prove to be a complete package for your information needs.

Subscribe to our newsletter
Get the latest in your inbox weekly Sign up for the fully charged newsletter
© The News and Media Division of The Insight Partners 2024 | All Rights Reserved | Privacy Policy