Special delivery: As technology changes, demand for specialized industry services will grow

Aided by increased regulation and demand from pharmaceutical companies for a more controlled transportation environment, the Medical Couriers industry benefited from steady demand over the past five years. As a result of new specifications, coupled with the sensitive nature of the products industry participants transport, medical couriers have become increasingly important in the healthcare and pharmaceutical sectors' supply chains. During the five-year period to 2022, similar trends are expected to persist, resulting in solid demand for industry services. Healthcare utilization rates will grow at a faster rate than over the previous five years as the Patient Protection and Affordable Care Act continues to increase the number of individuals with healthcare coverage...purchase to read more.

Industry Statistics & Market Size
Annual Growth 12-17
Forecast Growth 17-22
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • Medical couriers have become increasingly important in the healthcare and pharmaceutical sectors’ supply chains
  • More skilled and trained labor will be needed due to technology change and rising regulation
  • General couriers are expected to continue making a push into the industry’s niche segment
  • Industry Report - Industry Investment Chapter

    The Medical Couriers industry has a low to moderate level of capital intensity. The average industry operator allocates $0.04 toward capital investment for every dollar spent on labor. Wages account for a high proportion of revenue (34.3% in 2017). The industry relies on skilled employees to transport materials and meet strict regulatory and customer standards. Labor expenses include the wages and salaries paid to drivers, ground staff and administrative staff. While wages do account for a significant expense, industry operators keep wages costs to a minimum by employing independent contractors to transport materials. Independent contractors allow industry operators to increase and decrease staff as demand warrants. Whi...purchase to read more.

    Additional Insights for the Medical Couriers Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Medical Couriers Industry are

  • Effective quality control
  • Ability to pass on cost increases to clients
  • Optimum capacity utilization
  • IBISWorld analysts also discuss how external factors such as Number of physician visits and Regulation in the Medical Couriers industry impact industry performance..

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    What's in this report

    What is the Medical Couriers Industry?

    Medical couriers deliver medical equipment to patients and healthcare providers and deliver specimens to medical laboratories for testing. Some medical couriers carry donor organs and recipient patients to hospitals. Couriers are distinguished from other medical distributors by features such as speed, security, tracking, specialization and individualization of services. This industry excludes courier companies that do not primarily serve healthcare industries or patients.

    Industry Products
  • Medical equipment warehousing and delivery
  • Blood and tissue delivery
  • Laboratory and specimen delivery
  • Donor organ delivery
  • Industry Activities
  • Laboratory and specimen delivery services
  • Blood and tissue delivery services
  • Medical equipment warehousing and delivery services
  • Donor organ delivery services
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Number of physician visits
  • Regulation
  • Total health expenditure
  • Technological change
  • External competition
  • World price of crude oil

  • Current Performance
  • Healthcare utilization
  • Regulation makes specialized couriers more valuable
  • Competition
  • Chart: Revenue Growth

  • Industry Outlook
  • Affordable Care Act
  • Technological advances
  • Increased competition
  • Table: Medical Couriers Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Medical Couriers Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Laboratory Testing Services
  • Primary Care Doctors
  • Hospitals
  • Specialty Hospitals

  • Key Selling Industries
  • Aircraft, Engine & Parts Manufacturing
  • Gas Stations
  • Heating & Air Conditioning Equipment Manufacturing

  • Products & Services
  • Laboratory and specimen delivery
  • Blood and tissue delivery
  • Medical equipment warehousing and delivery
  • Donor organ delivery
  • Chart: Medical Couriers Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Managed care organizations
  • Commercial clients
  • Medicare and Medicaid
  • Other
  • Chart: Major Market Segmentation for the Medical Couriers Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitWagesPurchasesRent and utilitiesDepreciationOther expenses
  • Chart: Cost Structure Benchmarking – Sector vs Medical Couriers

  • Basis of Competition
    Internal competitionExternal competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Medical Couriers Industry

  • Industry Globalization
    There are no major players in this industry. This report includes analysis of other companies.
    Capital Intensity
  • Chart: Level of Capital Intensity for the Medical Couriers Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Medical Couriers Industry
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • No. of physician visits (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
  • Medical drugs produced using biotechnology, including proteins, nucleic acids and living microorganisms like virus and bacteria.
  • Cold Chain
  • A temperature-controlled supply chain.
  • Dry Ice
  • The solid state of carbon dioxide used primarily for cooling purposes.
  • Logistics
  • Management of the flow of resources from the point of origin to the destination.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s industry research report on Medical Couriers provides up-to-date sales and market data, allowing you to identify the product and customer segments driving revenue growth. The report identifies the leading companies in the industry, and offers strategic analysis of the key factors influencing the market. Our data forecasts are accompanied by full analysis to illustrate how the market is responding to dominant and emerging trends.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Medical Couriers:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Medical Couriers market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Medical Couriers, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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