USD 3.45 billion
Medical Writing Market Size, Share, Growth Analysis, By Type(Regulatory Writing, Scientific Writing), By Application(Pharmaceutical and biotechnology companies, Contract research organisations (CROs)) - Industry Forecast 2024-2031
Report ID:
SQMIG35D2173 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
67 |
Figures:
75
Medical Writing Market Insights
Global Medical Writing Market size was valued at USD 3.45 billion in 2021 and is poised to grow from USD 3.81 billion in 2022 to USD 8.4 billion by 2030, growing at a CAGR of 10.4% in the forecast period (2023-2030).
The global medical writing market has witnessed significant growth in recent years, driven by factors such as increasing research and development activities in the pharmaceutical and biotechnology industries, growing demand for regulatory medical writing services, and rising emphasis on maintaining high-quality documentation in the healthcare sector. Additionally, the increasing research and development activities in the pharmaceutical and biotechnology sectors have also contributed to the growth of the medical writing market. As companies strive to bring new drugs and medical devices to the market, there is a need for well-written scientific and medical content to support these developments. Medical writers play a crucial role in translating complex scientific data into clear and concise documents that are essential for communicating research findings, publishing in scientific journals, and seeking regulatory approvals.
Moreover, the emphasis on maintaining high-quality documentation in the healthcare sector has further propelled the demand for medical writing services. Accurate and well-structured documentation is vital for ensuring patient safety, effective healthcare communication, and adherence to regulatory guidelines. Medical writers are skilled in producing various types of documents such as clinical trial protocols, patient information leaflets, scientific manuscripts, and educational materials that help healthcare professionals and patients make informed decisions.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Regulatory Writing
Fastest Growth
Regulatory Writing
Growth Rate
10.4% CAGR
Global Medical Writing By Country ($ Bn)
Country Share for North America Region (%)
Global Medical Writing By Type ($ Bn)
Global Medical Writing By Type (%)
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Medical Writing Market Segmental Analysis
The global medical writing market is segmented based on type, application, and region. Based on type, the market can be segmented into regulatory writing, scientific writing, clinical writing, medical education, and others. Based on application, the market is segmented into pharmaceutical and biotechnology companies, contract research organisations (CROs), medical device companies, academic and research institutions and others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Analysis by Type
Analysis by type reveals that among the various segments of the global medical writing market, regulatory writing emerges as the most dominant type. Regulatory writing plays a crucial role in the pharmaceutical and healthcare industry, involving the development and preparation of regulatory documents required for drug approval processes, including clinical trial reports, investigator brochures, and regulatory submissions. The stringent regulations and guidelines imposed by regulatory authorities worldwide contribute to the dominance of this segment in the medical writing market.
In terms of the fastest-growing type, scientific writing takes the lead. Scientific writing involves the creation of scientific manuscripts, research articles, abstracts, and conference papers for publication in scientific journals or presentation at scientific conferences. With the rapid advancements in medical research and the increasing emphasis on evidence-based practices, the demand for scientific writing services has witnessed significant growth. Researchers, academicians, and pharmaceutical companies require well-written and accurately communicated scientific content to disseminate their findings effectively, leading to the rapid expansion of this segment.
Analysis by Application
Analysis by application reveals that among the different segments of the global medical writing market, the dominant application is Pharmaceutical and Biotechnology Companies. These companies have a substantial need for medical writing services throughout various stages of drug development, including clinical trials, regulatory submissions, and marketing materials. The pharmaceutical and biotechnology sector's prominence in the market is driven by the rigorous documentation requirements imposed by regulatory authorities and the need to communicate complex scientific information effectively.
On the other hand, the fastest-growing application segment in the global medical writing market is Contract Research Organizations (CROs). CROs play a vital role in conducting clinical trials on behalf of pharmaceutical and biotechnology companies. As the demand for clinical trials continues to rise, CROs require comprehensive medical writing support to ensure accurate and compliant documentation. The growth of CROs can be attributed to the increasing outsourcing of clinical trial activities, cost efficiencies, and the expanding scope of clinical research globally.
Global Medical Writing By Type, 2023 (%)
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Medical Writing Market Regional Insights
North America emerges as the most dominant market for medical gas equipment. The region's dominance can be attributed to its well-established healthcare infrastructure, technological advancements, and high healthcare expenditure. The US, in particular, holds a significant market share due to its robust healthcare system and increasing adoption of advanced medical technologies. Additionally, favourable reimbursement policies and the presence of key market players contribute to the region's dominance.
Asia Pacific showcases the fastest growth in the global medical gas equipment market. The region's rapid growth is primarily driven by factors such as a large population base, increasing prevalence of chronic diseases, and rising healthcare expenditure. Countries like China, Japan, India, and South Korea are witnessing significant investments in healthcare infrastructure and a growing demand for advanced medical facilities. Moreover, the increasing awareness of healthcare standards and the need to improve patient care contribute to the region's accelerated growth.
Global Medical Writing By Geography, 2024-2031
- Largest
- Fastest
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Medical Writing Market Dynamics
Drivers
Growing Emphasis on Evidence-Based Medicine
- The global medical writing market is witnessing growth due to the increasing emphasis placed on evidence-based medicine. Evidence-based medicine relies on well-written, precise, and reliable medical literature. Skilled medical writers contribute to the development of evidence-based guidelines, systematic reviews, and meta-analyses, which play a crucial role in assisting healthcare professionals in making informed decisions based on the latest research findings.
Restraints
Limited Awareness and Quality Concerns
- In certain emerging markets, there may be limited awareness regarding the value and significance of professional medical writing services. Additionally, concerns may arise regarding the quality and accuracy of medical writing. It underscores the importance of standardised practices, implementation of quality control measures, and strict adherence to ethical guidelines in the field of medical writing. By addressing these concerns, the industry can enhance awareness and establish trust among stakeholders, promoting the demand for professional medical writing services.
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Medical Writing Market Competitive Landscape
The competitive landscape of the global medical writing market is influenced by several factors. Firstly, the market is driven by the increasing demand for comprehensive and accurate medical documentation to comply with regulatory requirements and demonstrate the safety and efficacy of healthcare products. Pharmaceutical companies, contract research organisations (CROs), and regulatory agencies require specialised medical writing services to support their research, development, and approval processes. Market players in the medical writing industry differentiate themselves based on their expertise, experience, and the range of services they offer. Companies that possess a deep understanding of scientific and regulatory guidelines, have subject matter experts, and employ skilled medical writers gain a competitive advantage. The ability to deliver high-quality, scientifically accurate, and well-structured documents within strict timelines is a key factor in gaining and retaining clients.
Top Player’s Company Profiles
- QuintilesIMS (US)
- Synchrogenix Information Strategies Inc. (US)
- inVentiv Health (US)
- Indegene (India)
- ICON plc (Ireland)
- Freyr Solutions (India)
- Springer Healthcare (UK)
- Certara (US)
- MakroCare (US)
- Covance Inc. (US)
- Cognizant Technology Solutions Corp. (US)
- GCE Solutions (US)
- Novartis International AG (Switzerland)
- Pfizer Inc. (US)
- Boehringer Ingelheim International GmbH (Germany)
- GlaxoSmithKline plc (UK)
- AstraZeneca PLC (UK)
Recent Developments
- In June 2023, MedWrite International, a leading provider of medical writing and regulatory affairs services, announced the opening of its new office in Singapore. The new office will help MedWrite International to expand its reach in the Asia Pacific region.
- In May 2023, Clinipace, a leading provider of clinical trial management services, announced the launch of its new medical writing services. The new services will help pharmaceutical companies and other life science organisations to develop and manage clinical trials more effectively.
- In April 2023, BioMed Solutions, a leading provider of medical writing and regulatory affairs services, announced the launch of its new medical writing training program. The program is designed to help medical writers develop the skills and knowledge they need to succeed in the industry.
- In March 2023, MedComms Group, a global provider of medical communications services, announced the acquisition of Evidera, a leading provider of medical writing and regulatory affairs services. The acquisition will help MedComms Group to expand its offering and reach in the medical writing market.
- In February 2023, Crescendo Medical Associates, a leading provider of medical writing and consulting services, announced the launch of its new clinical trial writing services. The new services will help pharmaceutical companies and other life science organisations to develop and manage clinical trials more effectively.
Medical Writing Key Market Trends
- Advent of Digital Technologies: The increasing demand for medical writing services in the digital age is a key market trend in the global medical writing market. The rise of digital technologies is changing the way that medical information is created, disseminated, and consumed. This is driving the demand for medical writers who are skilled in the use of digital technologies and who can create engaging and informative medical content for a variety of platforms.
Medical Writing Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our global medical writing market analysis, medical writing plays a crucial role in the pharmaceutical, biotechnology, and healthcare industries by providing accurate, clear, and concise communication of medical and scientific information. The report provides a comprehensive overview of the market, including market size, trends, drivers, challenges, and key players.
The growing trend of outsourcing medical writing services, pharmaceutical and biotechnology companies are increasingly outsourcing their medical writing tasks to specialised service providers. Outsourcing offers several benefits, including access to a pool of experienced medical writers, cost-effectiveness, and flexibility in managing workloads. Additionally, outsourcing allows companies to focus on their core competencies while ensuring that medical writing tasks are handled by experts.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 3.45 billion |
| Market size value in 2031 | USD 8.4 billion |
| Growth Rate | 10.4% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Medical Writing Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Medical Writing Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Medical Writing Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Medical Writing Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Medical Writing Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Medical Writing Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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