Global Medical Writing Market Growth Trends and Forecasts 2022-2030: Robust Growth in CRO Outsourcing, Rapid Innovations in the Field of Oncology Drug Development - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Medical Writing Market Size, Share & Trends Analysis Report by Type, by Application (Medical Journalism, Medico Marketing), by End Use, by Region, and Segment Forecasts, 2022-2030" report has been added to ResearchAndMarkets.com's offering.

The global medical writing market size is expected to reach USD 8.4 billion by 2030, expanding at a CAGR of 10.41% during the forecast period.

The growth of the market is attributed to increasing R&D investments by pharmaceutical companies, a rise in contract research organization (CRO) outsourcing, partnerships & collaborations between market players, the surge in the number of clinical trials, and updates in medical device regulations.

Drug development is a billion-dollar industry with complex processes of obtaining product approvals. A well-documented, well-communicated, and well-developed research is needed to gain product approval, which increases the demand for experienced writers in the field of medicine. In addition, social media has become a crucial part of the marketing and communication strategies of many organizations, including healthcare providers. Social networking is now being used in order to engage with patients as part of digital marketing, thereby creating a high demand for writing services in the field of medicine.

The COVID-19 pandemic impacted the business of clinical writers. The pandemic demonstrated the importance of the private sector and government collaboration in developing new treatments to address future health challenges.

Medical Writing Market Report Highlights

• By type, the clinical writing segment dominated the global market in 2021 due to an increase in clinical trials. The regulatory writing segment is expected to witness the maximum growth during the forecast period owing to the requirement of submission of regulatory documents to the authorities.
• Based on application, the medical journalism segment dominated the market in 2021 and is expected to maintain its lead over the forecast period. Medico marketing is projected to witness the fastest growth over the forecast period.
• Medical writing has become essential in the field of education, as specialized knowledge and skill are required to write well-structured and lucid scientific documents, thus driving the medical education segment.
• Based on the end-use, the CROs & other segment accounted for the largest market share in 2021 and is expected to exhibit the fastest CAGR during the forecast period.
• In 2021, North America dominated the market due to the increasing number of drug trials and approval of new drugs.
• The Asia Pacific is expected to witness remarkable growth during the forecast period owing to the availability of cheap labor, an abundance of resources, and a strong presence of English writers.

Key Topics Covered:

Chapter 1 Methodology and Scope

Chapter 2 Executive Summary

Chapter 3 Market Variables, Trends & Scope

3.1 Market Segmentation

3.2 Penetration & Growth Prospect Mapping

3.2.1 Penetration Analysis

3.2.2 Market Driver Analysis

3.2.2.1 Robust growth in CRO outsourcing

3.2.2.2 Increased R&D investments by market players

3.2.2.3 Favorable environment for clinical trials in developing regions

3.2.2.4 Partnerships and collaborations between market players

3.2.2.5 Increasing need for marketable content for new drugs & clinical trials

3.2.2.6 Increasing penetration of internet and digital media

3.2.2.7 New medical device regulations

3.2.2.8 Rapid innovations in the field of oncology drug development

3.2.3 Market Restraint Analysis

3.2.3.1 Shortage of skilled medical writers

3.3 Medical Writing Market: Business Environment Analysis Tools

Chapter 4 Medical Writing Market: Type Analysis

4.1 Medical Writing Type Market Share Analysis, 2021 & 2030

4.2 Medical Writing Type Market: Segment Dashboard

4.3 Market Size & Forecasts and Trend Analyses, 2016 to 2030 for the Type Segment

4.3.1 Clinical Writing

4.3.2 Regulatory Writing

4.3.3 Scientific Writing

Chapter 5 Medical Writing Market: Application Analysis

5.1 Medical Writing Application Market Share Analysis, 2021 & 2030

5.2 Medical Writing Application Market: Segment Dashboard

5.3 Market Size & Forecasts and Trend Analyses, 2016 to 2030 for the Application

5.3.1 Medical Journalism

5.3.2 Medical Education

5.3.3 Medico Marketing

Chapter 6 Medical Writing Market: End Use Analysis

6.1 Medical Writing End-Use Market Share Analysis, 2021 & 2030

6.2 Medical Writing End-Use Market: Segment Dashboard

6.3 Market Size & Forecasts and Trend Analyses, 2016 to 2030 for the End Use

6.3.1 Medical Device/Pharmaceutical & Biotechnology Companies

6.3.1.1 Medical device/Pharmaceutical & Biotechnology Companies market, 2016-2030 (USD Million)

6.3.2 Contract Research Organizations (CROS) & Others

6.3.2.1 CRO & others market, 2016-2030 (USD Million)

Chapter 7 Medical Writing Market: Regional Analysis

7.1 Medical Writing Regional Market Share Analysis, 2021 & 2030

7.2 Medical Writing Regional Market: Segment Dashboard

7.3 Regional Market Snapshot (Market Size, CAGR, Top Verticals, Key Players, Top Trends)

Chapter 8 Competitive Analysis

• Parexel International
• Trilogy Writing & Consulting GmbH
• Freyr
• Cactus Communications
• Labcorp Drug Development
• Iqvia Holdings Inc.
• Omics International
• Synchrogenix
• Siro Clinpharm Private Limited
• Quanticate
• Inclin, Inc.

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