Industry Analysis & Industry Trends
The Medical Courier industry is expected to perform relatively well compared with general couriers and distributors during the five years to 2014. During this period, revenue is expected to increase overall. The healthcare sector is generally more resilient to economic downturns than other sectors due to its necessary nature. Nonetheless, industry revenue did decline during the Great Recession, as Americans reduced healthcare utilization and companies and providers consequently limited spending on courier services. Growth has been rebounding in more recent years, driven by healthcare globalization and technological innovation. These two trends will drive demand in the coming five years as well.... purchase to read more
Industry Report - Starting a New Business Chapter
The Medical Couriers industry is comprised of two subsectors with different barriers to entry. Barriers are higher for global medical couriers as these participants are required to set up vast distribution networks containing sophisticated technological systems, specialized transportation containers and a variety of vehicles. Large-scale couriers must compete with well-established mainstream courier services (i.e. FedEx, UPS and DHL) and their entrenched brand power. In contrast, local deliverers often do not require an integrated network of transportation systems, so barriers to entry are low.
Technically, anyone with a vehicle and communication equipment, such as a mobile phone, can operate a medical courier business... purchase to read more