According to the research report titled ‘Global Medical Courier Market Size study, By Application (Hospitals, Diagnostic Lab Pharmaceutical and Biotech Companies, Blood Banks, Medical Equipment and Supplies and others), and Regional Forecasts 2021-2027’, available with Market Study Report, global medical courier market is anticipated to display lucrative growth trends between 2021-2027.
 

Surging demand for faster delivery of specimens & samples for testing or diagnostic purposes, and growth in healthcare transportation sector are key factors stimulating global medical courier industry expansion.
 

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Moreover, utilization of medical automated devices in the pharmaceutical vertical is rising considerably which will aid market growth in the forthcoming years.
 

Citing an example, Matternet, a leading medical delivery services provider, joined hands with United Parcel Service in 2019 and launched a drone delivery service to carry and deliver lab equipment to hospitals across the United States.  
 

On the other hand, risk of compromising on quality in an effort to deliver products quickly is poised to hinder industry expansion over the analysis timeframe, cites the report.
 

Based on application scope, worldwide medical courier industry is divided into hospitals, pharmaceutical & biotech companies, diagnostic labs, blood banks, medical equipment & supplies, and others. The report entails particulars about these segments, such as, size, share, revenue, and growth rate over the forecast period to unveil profitable areas.
 

From regional frame of reference, North America captured a significant share in global medical courier market sphere in the past year, owing to presence of leading companies in the region, and surging demand. Meanwhile, Asia Pacific market is projected to expand rapidly between 2021-2027, on account of implementation of supportive government initiatives, and establishment of SEZs (Special Economic Zones). 
 

Key players shaping industry trends are Med-line Express Services Inc., FedEx Corporation, Citysprint (UK) Limited, Americord Registry LLC, DHL International GmbH, Aylesford Couriers Limited, Network Global Logistics LLC, Medical Couriers Inc., and United Parcel Service of America Inc.
 

These companies have undertaken strategic moves such as partnerships, investments in research & development, mergers & acquisitions, and launch of new products to enlarge profit margins and strengthen their foothold in this business domain.