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Medical Drones Market Size Worth USD 2.49 Billion by 2032 at 24.40% CAGR – Report by Market Research Future (MRFR)

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New York, USA, June 12, 2023 (GLOBE NEWSWIRE) — Medical Drones Market Overview

According to a Comprehensive Research Report by Market Research Future (MRFR),“Medical Drones Market Information By Application, End-User, And Region – Forecast till 2032“, the market is projected to grow from USD 0.43 Billion in 2023 to USD 2.49 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 24.40% during the forecast period (2023 – 2032).

Market Synopsis

In areas with easy access, medical drones are very helpful for delivering medical supplies like drugs, vaccines, and medical equipment. These medical drones enable safe and quick distribution in inaccessible, distant, or conflict-torn areas. Medical drones have sped up the development of numerous commercial, industrial, and recreational applications by enabling cost-effective real-time data collection to help deliver payloads. Telementoring, perioperative evaluation, and diagnosis and treatment are carried out in remote locations using communication drones. Drones have the potential to be a dependable platform for the delivery of medicines, vaccines, critical healthcare equipment, laboratory samples, pharmaceuticals, and patient transport. The most recent innovations operate drones to expedite the client’s cargo and integrate them into the already-existing logistics network. It is a tool that improves existing transportation networks and, in some circumstances, is preferable to traditional methods.

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Drone use offers another opportunity for enhanced healthcare, particularly in faraway and underserved areas, by enabling an immediate supply of vital medical equipment and equipment, speeding up lab testing turnaround periods, and lowering the cost of regular medication care in rural areas. Drones comprise an air structure, propeller mechanisms, and additional navigational devices. They contain many different aircraft design configurations and auxiliary equipment supporting various applications. To help reduce transmissible and life-threatening illnesses, medical drones in government and healthcare services have recently gained popularity. Constant research and development into medical drones are being done to create new products that can be delivered quickly and accurately. Artificial intelligence and drone technology have recently been combined for medical applications such as aerial visualization, tracking infected patients, and monitoring and surveillance. Government agencies and healthcare providers have increased their use of healthcare drones in recent years to help fight transmissible and fatal diseases. Drones are currently tested around the globe for use in healthcare.

Report Scope:

Report Attribute Details
Market Size in 2032 USD 2.49 billion
CAGR 24.40%
Base Year 2022
Forecast Period 2023-2032
Historical Data 2021
Forecast Units Value (USD Billion)
Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered By Application, and End User
Geographies Covered North America, Europe, Asia-Pacific, and Rest of the World (RoW)
Key Market Drivers Rising participation from governments across the globe
Growing acceptance of medical drones in the public

Medical Drones Market Competitive Landscape:

The vital contenders in the medical drones market are:

  • DJI (China)
  • DHL (Germany)
  • Embention (Spain)
  • Flirtey (US)
  • Matternet (US)
  • Vayu (US)
  • Zipline (US)
  • EHang (China)
  • TUDelft (Netherlands)

Medical Drones Market Trends:

Market Drivers:

Medical drones have seen increased adoption due to technological advancements, particularly in the hospital and healthcare sectors. The government’s main initiative to provide healthcare to remote areas is the main factor promoting the industry’s expansion. Additionally, substantial investments in creating cutting-edge medical drones and rising consumer awareness have fueled market expansion. To distribute medical supplies, medical drones have been used in various sectors, including the military, areas affected by floods or drought, and pandemic-affected areas. This significantly aids in the expansion of the global market. Drone use in the healthcare industry has proven to be extremely beneficial. Drones assist in meeting patients’ urgent needs by delivering necessary medications, vaccines, and other supplies in the neighborhood. Due to the pandemic, governments and OEMs have moved more quickly to adopt and begin accommodative regulations, approvals, experiments, and test flights for medical applications. As a result, many nations quickly began testing the effectiveness of UAVs.

Restraints

UAVs are widely used in various medical applications, including emergency medical supply, human organ logistics, and emergency blood services. OEMs and end users have, however, experienced a variety of restrictions due to legal restrictions, operational constraints, approvals, and industrial and commercial uses.

Browse In-depth Market Research Report (125 Pages) on Medical Drones: https://www.marketresearchfuture.com/reports/medical-drones-market-8596

COVID 19 Analysis

Since the coronavirus outbreak and the resurgence of the second wave, the ongoing COVID-19 pandemic has intensified the need for time reduction for necessary medical supplies worldwide. Around 18 nations worldwide have used drone technology for administrative purposes in the ongoing COVID-19 pandemic. Unmanned technology is being experimented with and tested by some nations for various purposes in various industries. Others, on the other hand, continued or accelerated using their regular delivery drones. The ongoing COVID-19 pandemic has picked up drone technology adoption and investment for medical applications, surveillance and monitoring of public areas, and introducing new logistical substitutes to the traditional supply chain modes. Technology, which was once viewed through skeptical lenses by business leaders and governments, is a clear winner in such circumstances during the COVID-19 pandemic, where interaction with people has been suspected as an agent of viral transmission.

Medical Drones Market Segmentation

By end-user, the market includes emergency medical services and blood banks.

By application, the market includes blood transfer, pharmaceutical/drug transfer, and vaccine transfer.

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Medical Drones Market Regional Insights

The Americas have consistently dominated the market and are anticipated to hold the top spot throughout the assessment period. The United States and Canada are two important countries with numerous well-known key players in the market. The market for medical drones is expanding rapidly, largely thanks to vendor alliances, publicly funded research and development, and rising public awareness. Europe is the second-highest region, and its market expansion can be attributed to accommodating regulations, high rates of investment by OEMs and administrations in unmanned technology, and a flurry of government efforts to advocate for a strong healthcare system during the pandemic. The market growth in Asia-Pacific, the third-largest region, is attributed to the region’s high adoption rate, government funding, OEMs like DJI, and market expansion by international market players like Zipline.

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About Market Research Future:

Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis with regard to diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.

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Artificial Intelligence

Cyber insurtech BOXX partners with Zurich Insurance Group in Switzerland to introduce breakthrough personal cyber product

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TORONTO, May 21, 2024 /PRNewswire/ — Award-winning global Insurtech BOXX Insurance Inc. that combines cyber insurance and security has announced the launch of a cutting-edge cyber risk solution in collaboration with Zurich Insurance Group in Switzerland, providing digital protection for individuals and families. 

Recognizing the critical need for comprehensive protection against digital threats Zurich Insurance in Switzerland has partnered with technology partner BOXX Insurance to develop a user-friendly solution designed to help individuals and families better predict and prevent potential scams and digital threats.
Designed for simplicity, the app’s personalized experience puts users’ digital safety front and centre, featuring an easy-to-use interface designed by Zurich Insurance in Switzerland and developed by BOXX in close collaboration with Zurich. The App is now available in Switzerland offering support in English, German, French and Italian.
“We created this to give individuals and families what they want – an app that delivers an essential bundle of tools at users fingertips including access to experts in the event of a cyber emergency,” explained Vishal Kundi, CEO and Founder, BOXX Insurance. “Smartphones have become the fastest-selling gadgets in history. They have penetrated every aspect of daily life. The average person picks their phone up to 100 times a day so if we want to make their world a digitally safer place, we have to ensure their phone and their usage is better secured,” Kundi added.
“An extensive research conducted by Zurich Insurance in Switzerland showed that many are not aware of online dangers and that around a quarter have already been victims of a cyber-attack. In addition, customers are simply overwhelmed with the range of cyber products,” says René Harlacher, Chief Underwriting Officer of Zurich Insurance in Switzerland. “At Zurich, it’s our mission to go beyond mere protection, and also offer our customers tools to help them build resilience and implement preventative measures against cyber risks. Based on these facts, we are expanding our cyber offering for private individuals so that we can provide them with support before, during and after a possible cyber-attack. This is exactly where our joint offering with BOXX Insurance comes in, as a way to lend additional support to our customers,” he adds.
The newly launched solution by Zurich Insurance in Switzerland focuses on providing essential services to help prevent digital threats combined with emergency assistance and support in case of an emergency. Delivered to end customers by Zurich, key features include:
Identity Protection: Identifies if personal data captured in the app shows up on the dark web and notifies users, providing help and advice to reduce threats of identity theft.Secure VPN: By creating a secure and encrypted internet connection the VPN protects data from potential threats such as hacking, identity theft, and phishing attacks. Secure WiFi: Scans WiFi networks for threats and helps proactively detect security issues.Safe Browsing: Warns against harmful websites and links to protect privacy and personal data.Device Protection: Checks and improves the security settings of devices. Devices with the Android operating system are additionally protected against viruses and malware.Password Manager: Creates and manages strong passwords and assists with their use.Edutainment: Educational content in an entertaining way to raise awareness of personal cyber security.Emergency Support and Assistance: Help and assistance from cyber security experts to provide support in cyber emergencies and for many other IT-related problems.   The new offering is available here: https://www.zurich.ch/en/private-customers/living-events/cyberprotection/insurance-prevention
“From providing protection from the dangers of being connected at home and on the go, customers now have the means to keep their devices and data secure and have access to indispensable help in an emergency, all in one easy-to-use app,” Kundi added.
Zurich has been working with BOXX since 2021 and participated in BOXX’s Series A and Series B funding rounds. As a Zurich Global Ventures portfolio company, BOXX is proud to now extend the ongoing collaboration with Zurich to enable Swiss customers to be digitally safer.
About BOXX Insurance 
BOXX Insurance Inc. helps businesses, individuals and families insure and defend against cyber threats. Privately-held with headquarters in Canada, BOXX has global offices in Toronto, Miami, Zurich, Dubai and Mumbai.
BOXX Insurance is an award-winning global cyber protection and insurance provider. We’re not a typical company. That’s by design. We’re serious about making the world a digitally safer place; creating real, positive changes for our clients and partners, and building a lasting legacy, from what we create, inside the BOXX.
Every day we’re improving the digital health of businesses, families and individuals around the world who rely on BOXX’s solutions and services to predict, prevent and insure them against cyber threats.
Media Contact: Sarah Madden, [email protected] 

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Amp Finalises Commercial Agreements for Cape Hardy Advanced Fuels Precinct

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ADELAIDE, Australia, May 21, 2024 /PRNewswire/ — Amp Energy (“Amp” or the “Company”) announced today it has finalised all required commercial agreements for the development of the Cape Hardy Advanced Fuels Precinct – one of the leading green hydrogen, green ammonia and advanced fuel projects in Australia. The agreements, which were executed with Iron Road Ltd, include the purchase of a 630-hectare parcel of land at Cape Hardy as well as finalised royalty structure and common user infrastructure agreement. Amp will continue to build upon development progress made since announcing the Strategic Framework Agreement with Iron Road Ltd in April 2023 to bring advanced fuel production capacity to Cape Hardy.

The Cape Hardy Advanced Fuels Precinct will provide production at scale with up to 10 GW of planned electrolyser capacity. Development will be structured to initially bring 1 GW online with incremental stages to reach 10 GW of total capacity.   The project will both cater to the domestic Australian market, supporting the Australian Government’s net zero goals, while also featuring global export capabilities.  To facilitate distribution, Cape Hardy will be equipped with Australia’s first purpose-built advanced fuels export terminal.   
Amp has been in discussions to develop the Cape Hardy Advanced Fuels precinct, in collaboration with Iron Road Ltd and The Government of South Australia, for the past two years. During that time, Amp has made significant development progress.  The project’s concept, design, and pre-Front End Engineering Design (FEED) phase have been studied and reviewed by two leading global engineering firms, Arup and Technip Technologies, as Amp targets completion of pre-FEED studies for the first 1 GW electrolyser phase over the next 9 months. FEED scoping and contracting is currently underway ahead of awarding the FEED contract in late 2024 or early 2025.
Desalinated water is to be sourced from the recently announced Northern Water Supply (NWS) seawater desalination plant that will be located at Cape Hardy to meet the project’s demand for electrolyser feed water, cooling water, process plant water, and fire water. Amp is co-funding pre-FID expenditures for the NWS project.
Additionally, Amp is working closely with the Barngarla Determination Aboriginal Corporation RNTBC (“BDAC”).  With continued support from the BDAC, Amp is confident the Cape Hardy Advanced Fuels Precinct will have a meaningful economic impact on the region.  Amp currently estimates this will include approximately 4,000 direct and 6,000 indirect jobs for the first gigawatt of electrolyser capacity alone.
“We are seeing growing demand for Advanced Fuels both in Australia and abroad. This includes green ammonia, liquid hydrogen, methanol, and sustainable aviation fuel. The Cape Hardy Advanced Fuels Precinct will allow for large-scale production of these fuels that will be critical to the energy transition and achieving net zero targets. We could not be more excited about the project’s potential impact, and we are grateful for the partnership and continued support from Iron Road Ltd, the South Australian Government and BDAC as we progress full steam ahead on development” said Paul Ezekiel, Amp President and Co-founder.
Minister for Trade and Investment, Joe Szakacs said “The State Government recognises the strategic importance of the Cape Hardy Advanced Fuels Precinct attracting investment into the state for domestic and export opportunities, as there is an increasing flight to quality for hydrogen projects worldwide.”
About AmpAmp Energy is a global energy transition development platform, which delivers renewables, battery storage, Advanced Fuels and green AI data centers at scale, together with proprietary AI-enabled grid flexibility through its Amp X platform. Since its inception 15 years ago, Amp has developed and built or contracted 14 GW of assets globally. Amp is backed by major investments from institutional capital partners including global private equity firm the Carlyle Group, who has invested over US$440 million. The company has global operations throughout North America, the UK, Australia, Japan, and Spain.
For more information, please visit amp.energy

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GEEKOM A8 AI PC is now available for €799 and up.

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TAIPEI, May 21, 2024 /PRNewswire/ — The GEEKOM A8, a highly anticipated Next-Gen AI mini PC with an AMD HawkPoint Ryzen 8040 processor, is now available.

The A8 employs a metal housing with rounded corners and anodized matte finish, giving it a gorgeous and stylish look. Having a footprint smaller than the palm of a hand, the mini PC will conveniently fit in all types of desktop arrangement and instantly elevate the aesthetics of any workspace.
There are two variants of the GEEKOM A8, users have the option to choose between two processors from the same AMD HawkPoint family: Ryzen 7 8845HS and Ryzen 9 8945HS. Both chips feature 8 Zen 4 CPU cores, 16 threads, 16MB L3 cache, an AMD Radeon 780M integrated GPU as well as a Ryzen AI Engine NPU, but the Ryzen 9 8945HS is designed to offer slightly better performance, thanks to its higher CPU and GPU frequencies.
With a greatly enhanced NPU, the A8 can execute 60% more AI workloads than mini PCs with last-generation Ryzen 7040 chips, allowing users to embrace a new era of AI computing. For average consumers, the A8 will quickly find answers to all questions and turn texts into images and videos. For business users, the A8 will automatically summarize notes, transcribe calls, and take meeting minutes. For professional content creators, the A8 will bring much faster AI-powered photo editing, quicker video output, and speedier multi-tasking, helping bring the most ambitious ideas to life. With the new IceBlast 1.5 cooling technology, the A8 can stay cool and stable even when tasks are loaded.
Besides its powerful performance, the A8 also offers a wide array of ports, including four USB-A (including three USB3.2 Gen2), two HDMI2.0, a 40Gbps USB4, a multi-function Type-C, an SDXC slot, and a 3.5mm audio jack. Users can choose to connect the mini PC to an eGPU, ultra high-speed portable storage, or up to four 4K displays.
The A8 is now available on GEEKOM’s independent website. The 8845HS and 8945HS variants are priced at €799 and €949 respectively. Regardless of the CPU option, each unit is preinstalled with 32GB dual-channel SO-DIMM DDR5-5600 RAM, a fast 1TB M.2 2280 PCIe4.0*4 SSD, a wireless card that supports WiFi 7 and Bluetooth 5.4, and a licensed copy of Windows 11 operating system.
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