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Medical Couriers: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Medical Couriers Market Research Report | NAICS OD4954 | May 2016

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

The Medical Couriers market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
$3bn
Annual Growth 11-16
2.7%
Annual Growth 16-21
Annual Growth
Profit
Profit
Employment
21,033
Businesses
5,914
Industry Threats & Opportunities
  • Technological advancements will boost demand for specialized medical courier services
  • More skilled and trained labor will be needed due to technology change and rising regulation
  • Technological advancements and the resulting growth potential will entice new entrants
  • ... purchase to read more

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 2016. 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. The industry has been 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 - Industry Products Chapter

Laboratory and specimen delivery

Laboratory and specimen delivery is expected to generate 43.5% of industry revenue in 2016, and primarily consists of services related to clinical trial logistics. At the larger medical courier companies, such as World Courier Inc. these services include complete logistics services across the full cycle of the clinical trial. First, the company provides pre-trial coordination services between biopharmaceutical companies, laboratories and other organizations involved in the trial. Logistics of transport follows, which includes packaging, scheduling and routing trial materials. Often, transportation of laboratory specimens necessitates the use of temperature-controlled containers combined with dry ice. Dry.. ... 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... purchase to read more

     


    Industry ProductsRelated Reports

    What is the Medical Couriers Industry?

    Medical couriers deliver medical equipment to patients and healthcare providers, and they 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 deliveryBlood and tissue deliveryLaboratory and specimen deliveryDonor organ delivery
     
    Industry Activities
    Laboratory and specimen delivery servicesBlood and tissue delivery servicesMedical equipment warehousing and delivery servicesDonor organ delivery services


    Table of Contents
    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    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 lead to further globalization and strong demand
  • Increased competition
  • Table: Medical Couriers Industry Revenue Outlook
  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Medical Couriers Industry Lifecycle vs The Economy
  • Products & Markets
    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
  • Other
  • Chart: Major Market Segmentation for the Medical Couriers Industry
  • International Trade
    Business Locations
  • Chart: Business Locations by State
  • Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Medical Couriers
  • Basis of Competition
  • Internal competition
  • External competition
  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Medical Couriers Industry
  • Industry Globalization
    Major Companies
    There are no major players in this industry
    Operating Conditions
    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
    Key Statistics
  • Table: Industry Data for the Medical Couriers Industry
  • Includes:
  • Industry Revenue (2007-2021)
  • Industry Gross Product (2007-2021)
  • Establishments (2007-2021)
  • Businesses (2007-2021)
  • Employment (2007-2021)
  • Wages (2007-2021)
  • No. of physician visits (2007-2021)
  • Table: Annual Percentage Change for Key Industry Data
  • Table: Key Ratios for Industry Key Data
  • Jargon & Glossary
    Biopharmaceutical
  • Medical drugs produced using biotechnology; they include 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.

  • Why Buy this Report?
    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 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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