Expanding Diagnostics Industry Supports Growth of Medical Courier Market Globally
Medical couriers carry out the important task of transporting medical samples or equipment from one location to another. As compared to the global market for general couriers, the growth of the medical couriers market is expected to be stronger because of the specialized services they provide. Transparency Market Research forecasts the growth of this market in its new report, titled ‘Medical Courier Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 – 2020.’
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Medical courier companies collect samples such as urine or blood and deliver them to the designated diagnostic laboratories or clinics. The quick and efficient transportation of such materials is necessary because of the delicate nature of these samples. They need to be transported in precisely controlled temperature, pressure, and humidity levels. In scenarios such as this, the services of a general courier company fall short. This has necessitated the reliance of the healthcare industry on medical courier and has encouraged several general courier companies to diversify into specialized medical courier services.
In cases where samples need to be expeditiously transported from one place to another, route optimization is provided by companies in the medical couriers market. However, there is also a high degree of risk associated with operations in the medical couriers market. For instance, a delay in delivering samples could cause them to deteriorate and be rendered unusable. Likewise, any fluctuation in the temperature or controlled environment during transit could affect the integrity of the sample in question.
Nevertheless, competition in this space is intensifying with several leading courier brands are expanding their service offerings to gain from the emerging medical courier market as well. Besides leading global brands, there are numerous local courier companies that have invested in specialized equipment to offer services within specific cities or states.
According to the report by TMR the global medical courier market will be positively impacted by the growth in the diagnostics industry, which necessities the transportation of more samples between locations. Medical couriers, especially in developed nations such as the United States and United Kingdom, are undertaking the delivery of cord blood and cord tissue from hospitals to blood banks. Americord Registry LLC is one such example. Given that companies in the medical courier market have to comply with several mandates, they cannot function until they have received several different approvals for their courier services. This has led to companies adopting innovative strategies wherein they provide courier services to meet the latest mandates. Dynamex, a player in the medical couriers market, delivers medical samples and equipment in adherence to mandates laid down by the Health Insurance Portability and Accountability Act (HIPAA) and the Occupational Safety and Health Administration (OSHA).
Currently, North America stands as the largest player in the global medical courier market and is trailed by Europe. The top players in the global medical courier market include: Aylesford Couriersswine, Affordable Courier Solutions, Inc., IntelliQuick Delivery, Inc., CitySprint Healthcare, and Blaze Express Courier Service.