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The Medical Drones Market is projected to be close to USD 3 billion by 2035, growing at a CAGR of ~14%, claims Roots Analysis




The introduction of medical drones has led to a remarkable transformation in healthcare delivery to hard-to-reach areas by harnessing state-of-the-art technology to improve patient care and delivery of medical supplies and emergency relief materials

LONDON, Aug. 17, 2023 /PRNewswire/ — Roots Analysis has announced the addition of “Medical Drones Market, 2023-2035″ report to its list of offerings.

Over the years, drones have become indispensable in healthcare, delivering drugs, medical kits, vaccines, organs, and surgical equipment. They are designed to transport the medical resources swiftly and safely to remote or hard-to-reach areas, especially in emergency situations where timely delivery is critical. Further, the incorporation of modern technologies, such as artificial intelligence (AI), machine learning (ML), and computer vision (CV), has made drones smarter and more efficient. As the benefits of medical drone technology for the improvement of healthcare delivery are realized, the medical drones market is likely to witness significant growth in the foreseeable future. 

To order this 239 page report, which features 119 figures and 141 tables, please visit this: 

Key Market Insights

More than 75 medical drones are presently available in the market

Majority (53%) of the medical drones have multi-rotor wings, followed by 29% drones with fixed wing. Further, over 65% of these drones deliver drugs, followed by medical kits (49%). In addition, hospitals / pharmacies emerged as the most common end-users (~60%) of medical drone delivery purposes.

Nearly 100 players currently claim to be engaged in medical drone industry

More than 30% of the players engaged in this domain are located in Europe, followed by those based in Asia-Pacific. Further, more than 50% of the players are very small (2-10 employees) and small companies (11-50 employees). Interestingly, 82% of all the players were established between 2011-2020.

Around 65% of the partnership agreements were inked in the last 2 years

Majority of the agreements related to medical drones were signed for supply agreements, which account for 67% of the total partnerships. Further, most of the deals have been inked by players based in Europe.

Over USD 3 billion were raised by players across various funding rounds, since 2016

A steady increase has been observed in funding activity since 2020, with the maximum number of instances (23) being reported in the year 2022. More than 80% of the total amount was raised via venture capital rounds.

Players based in Asia-Pacific are anticipated to capture nearly 40% of the market share by 2035

The global medical drones market is currently driven by an increase in demand for healthcare access to remote areas and faster medical deliveries to hospitals or during an emergency. By 2035, delivery of medical drugs via drones is likely to capture over 35% of the market share. Notably, medical drones targeted for hospitals and pharmacies are anticipated to dominate the market with a significant share of 45% projected till 2035.

To request a sample copy / brochure of this report, please visit 

Key Questions Answered

  • What are medical drones?
  • Do medical drones exist?
  • What are the uses of medical drones?
  • How fast is a medical drone?
  • What are the driving factors of the medical drones market?
  • What is the current size of medical drones market?
  • What are the leading market segments in the global medical drones market?
  • Which region is leading the global medical drones market?
  • What will be the CAGR of global medical drones market?
  • Which are the leading companies operating in the medical drones market?
  • What are the problems with medical drones?
  • How much does a drone delivery cost?

The overall financial opportunity associated within the medical drones market has been analyzed across the following segments:

  • Type of Rotor
    • Multi-Rotor Drones
    • Fixed-Wing Drones
    • Hybrid Wing Drones
    • Single Rotor Drones
  • Payload Ranges
    • 1-5 Kgs
    • 6-20 Kgs
    • 21-50 Kgs
    • 51-120 Kgs
    • 121-200 Kgs
    • >200 Kgs
  • Type of Medical Supplies
    • Drugs
    • Medical Kits
    • Vaccines
    • Organs
    • Surgical Equipment
  • End-Users
    • Hospitals / Pharmacies
    • Diagnostic Labs
    • Government Bodies
    • NGOs
  • Type of Automation
    • Fully Automated Drones
    • Semi-Automated Drones
  • Company Size
    • Small
    • Mid-Sized
    • Large
  • Key Geographical Regions
    • Asia-Pacific (India, Japan, Russia, China, Australia and rest of the Aisa-Pacific)
    • Europe (UK, Germany, France, Spain, Italy and rest of the Europe)
    • North America (US, Canada and rest of the North America)
    • Middle East and North Africa

The opinions and insights presented in the report were influenced by discussions held with senior stakeholders in the industry. The report features detailed transcripts of interviews and surveys held with the following experts:

  • Adam Klaptocz (Chief Executive Officer, RigiTech)
  • Arpit Sharma (Associate Vice President, TSAW Drones)
  • Hanne Grotle Nore (Business Development Manager, Aviant)
  • Kirill Shilov (Chief Executive Officer, Sky-Drones)
  • Vikram Singh (Chief Executive Officer, TechEagle)
  • Zacharias Sarris (Chief Executive Officer, ALTUS)
  • Anonymous (Project Manager, Anonymous)

The research includes profiles of key players (listed below) engaged in this domain; each profile features a brief overview of the company, details related to its recent developments (including funding and collaborations), financial performance (if available) and an informed future outlook.

  • Airbus
  • Amazon
  • DJI
  • EHang
  • Falck
  • L3Harris
  • Meituan
  • Qualcomm
  • Volocopter
  • Zipline

For additional details, please visit mailto:or email [email protected]

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Gaurav Chaudhary
+1 (415) 800 3415
+44 (122) 391 1091
[email protected]  


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Web3 Startups Raise Nearly $1.9B in Q1 2024 Despite Overall Downtrend in Crypto VC Interest




Venture capital funding for cryptocurrency and blockchain projects has seen a notable resurgence in the first quarter of 2024, marking its first quarterly rise since 2021. Crunchbase data released today indicates that Web3 startups secured nearly $1.9 billion in funding across 346 deals during this period. This represents a substantial 58% increase from the previous quarter, offering a glimmer of hope amidst the ongoing downward trend in overall crypto VC interest.

The recent surge in funding can be attributed to investors adopting a more long-term perspective on Web3, as opposed to the hype-driven “tourist investors” predominant in recent years. Chris Metinko, the author of the report, notes that investors are shifting their focus to the AI sector, indicating a change in investment strategy. There is a growing interest in supporting the foundational infrastructure of the decentralized internet, rather than solely concentrating on crypto wallets and lending platforms, which attracted significant investments during the peak period of 2021 to 2022.

While large funding rounds were relatively uncommon in Q1, several notable investments stood out. Exohood Labs, a company integrating AI, quantum computing, and blockchain, secured a remarkable $112 million seed round at a valuation of $1.4 billion. EigenLabs, an Ether token “restaking” platform, raised $100 million in a Series B round led by a16z crypto. Additionally, Freechat, a decentralized social network leveraging blockchain technology, secured $80 million in a Series A round. These investments, among others, contributed to the increase in valuations and the emergence of four new Web3 unicorns in Q1.

Despite the recent progress, the future trajectory of Web3 remains uncertain. Metinko suggests that the next few quarters will be pivotal in determining the industry’s direction. While investors anticipate a rebound in investment as the decentralized internet evolves, it may take another year for venture capital activity to stabilize after the exuberance of 2021. Factors such as the approval of U.S. spot Bitcoin exchange-traded funds and the upcoming Bitcoin halving could also influence the market, given the rising prices of Bitcoin and Ether.

A noteworthy example of significant funding in the Web3 space is Monad Labs’ recent successful funding round, which secured $225 million led by Paradigm. Monad Labs is a layer-1 blockchain compatible with Ethereum, offering faster transaction processing. This funding round harkens back to the golden era of crypto funding in 2021-2022, when L1 solutions attracted substantial investments.

Earlier this year, Balance, a digital asset custodian based in Canada, announced that it had once again reached $2 billion in assets under custody (AUC) amidst the recent market recovery. Similarly, Korea Digital Asset (KODA), the largest institutional crypto custody service in South Korea, has experienced remarkable growth in crypto assets under its custody, expanding by nearly 248% in the second half of 2023.

Analysts at Bernstein Research project that crypto funds could reach an impressive $500 billion to $650 billion within the next five years, representing a significant leap from the current valuation of approximately $50 billion. This forecast underscores the growing optimism and potential for substantial growth within the crypto industry in the coming years.


The post Web3 Startups Raise Nearly $1.9B in Q1 2024 Despite Overall Downtrend in Crypto VC Interest appeared first on HIPTHER Alerts.

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ASIC cracks down on blockchain mining firms




Three blockchain mining companies – NGS Crypto, NGS Digital, and NGS Group – along with their directors, Brett Mendham, Ryan Brown, and Mark Ten Caten, are facing legal action from the Australian Securities and Investments Commission (ASIC) for allegedly operating without a license, in violation of Australia’s Corporations Act. ASIC initiated legal proceedings against these entities on April 9, citing concerns about their non-compliance with financial regulations and their solicitation of Australian investors.

According to ASIC, the NGS companies promoted blockchain mining packages with fixed-rate returns to Australian investors, encouraging the transfer of funds from regulated superannuation funds to self-managed superannuation funds (SMSFs) for conversion into cryptocurrency. Approximately 450 Australians invested a total of around USD 41 million in these packages, raising concerns about potential financial losses.

The legal action filed by ASIC alleges that the companies violated section 911A of the Corporations Act, which prohibits companies from providing financial services without a valid Australian Financial Services Licence (AFSL). ASIC is seeking interim and final court orders to prohibit the NGS companies from offering financial services in Australia without an AFSL.

ASIC Chair Joe Longo emphasized the importance of investors carefully considering the risks before investing in crypto-related products through their SMSFs. Longo stated that ASIC’s actions send a message to the crypto industry about the regulator’s commitment to ensuring compliance with regulations and protecting consumers.

In a separate development, the Federal Court appointed receivers for the digital currency assets associated with the NGS companies and their directors to safeguard these assets amid concerns about the risk of dissipation. Mendham was also issued a travel restriction order, preventing him from leaving Australia.

While a court date for the proceedings has not been set, ASIC’s investigation is ongoing, with the regulator continuing to gather evidence and build its case. It is worth noting that the investigated companies share a similar name with NGS Super, a legitimate Australian pensions provider, leading to potential confusion among investors. NGS Super clarified that it is not involved in selling cryptocurrency or related products and has taken legal action to protect its trademark and members’ interests.


The post ASIC cracks down on blockchain mining firms appeared first on HIPTHER Alerts.

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Crypto and Blockchain Weave Deeper Into the Biometrics Space – Identity News Digest




AuthID Inc. has formed a strategic partnership with the National Notarial Centralized Verification System (NNCVS) to integrate biometric identity verification into NNCVS’s online notary platform. NNCVS, a provider of nationwide online services for notaries, aims to transition from a local, in-person framework to a more secure, digital model. By leveraging AuthID’s platform, NNCVS will authenticate the identities of notarial agents and their clients using biometric checks that compare selfies with ID document photos. This enhancement ensures heightened security throughout users’ interactions with the service.

iVALT has introduced a mobile app called OnDemandID, designed to enable users to verify the identity of individuals during phone calls, video calls, or online interactions with a single click. The app employs multiple verification elements, including biometrics, device ID, and location-based parameters like geofencing and time windowing, to prevent deepfake attacks and identity fraud. OnDemandID prioritizes user privacy by storing biometric data locally on the device and refraining from tracking user movements. Additionally, iVALT offers integration into existing enterprise mobile apps, providing a solution to enhance caller verification processes within corporate environments.

Keyless, a company specializing in secure facial recognition, has partnered with EnQualify, an AI-powered Know Your Customer (KYC) verification provider, to enhance online identity verification. Keyless’s privacy-centric ZKB technology will integrate with EnQualify’s AI for initial user verification, enabling a seamless and secure authentication process. This collaboration eliminates the need for repetitive steps and data storage, offering a faster and more user-friendly verification experience while ensuring robust security measures.

Australian fintech Waave has launched its Wallet app to enhance security and convenience for online payments. Integrated with Waave’s Pay by Bank system, Wallet utilizes fingerprint or facial recognition for secure authentication, eliminating the need for passwords and card details. This approach addresses concerns about online fraud, providing a streamlined payment process for consumers and merchants alike. Additionally, Wallet will introduce expense tracking features later in 2024, further enhancing its utility for users.

BeatBit Wellness Lab has introduced the CUDIS ring, a wearable device focused on user-controlled health data management. Powered by Solana blockchain technology, CUDIS tracks biometric data and offers personalized health insights using AI algorithms. Users can contribute anonymized data to a research network and earn rewards, emphasizing data ownership and privacy. The CUDIS ring integrates securely with other Solana and Web3 products, offering users a comprehensive health monitoring solution within the decentralized ecosystem.

Worldcoin has unveiled World Chain, a new blockchain platform designed to prioritize verified human users over bots, aiming to reduce network congestion and transaction fees. Integrated with the Worldcoin protocol’s Proof of Personhood, World Chain provides verified users with priority blockspace and gas allowances. This Layer 2 solution, secured by Ethereum, offers developers access to a large pool of verified users for deploying utility applications. World Chain is set to be open source and permissionless, with plans for community-based governance in the future.

New South Wales (NSW) has launched an Australia-first trial to test digital birth certificates, involving over 18,000 children associated with specific educational institutions. Led by the NSW Registry of Births, Deaths and Marriages in collaboration with the Department of Customer Service, the pilot explores the use of digital certificates with the same legal validity as traditional paper versions. Digital birth certificates aim to simplify administrative tasks and offer enhanced security and convenience, particularly in disaster-prone areas where paper documents could be compromised.


The post Crypto and Blockchain Weave Deeper Into the Biometrics Space – Identity News Digest appeared first on HIPTHER Alerts.

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