Medical Writing Market to Grow at a CAGR of 10.4% Over Next Decade
The global medical writing market, valued at USD 3.6 billion in 2022, is projected to reach USD 9.4 billion by 2032, growing at a CAGR of 10.4% during the forecast period. This growth is driven by increasing research and development activities in the pharmaceutical and biotechnology industries, as well as the rising demand for regulatory medical writing services and high-quality healthcare documentation. Additionally, the growing emphasis on patient education and the development of new therapeutics contribute to market expansion.
However, the market faces several challenges. The high costs associated with medical writing services can be prohibitive for small companies, and the industry’s competitive nature makes it difficult for new entrants to establish themselves. Furthermore, the rapidly evolving regulatory environment requires medical writers to continuously update their knowledge, which can be demanding and may affect the quality and timeliness of their work.
Recent developments in the market include the acquisition of Insight Medical Writing by Certara, enhancing its regulatory science capabilities in Europe, and ICON Clinical Research’s expansion to create additional jobs, reflecting the growing demand for outsourced development services. The market is also witnessing an increasing focus on digital content creation, particularly for mobile applications and e-learning modules, which presents new opportunities for medical writers skilled in these areas.
Key Takeaways
- By 2032, the global medical writing market is expected to reach approximately USD 9.4 billion.
- In 2022, the medical writing market size was USD 3.6 billion.
- The market is projected to grow at a CAGR of 10.4% from 2022 to 2032.
- The clinical writing segment had the largest market share in 2022 by type.
- Medical journalism accounted for 40.5% of the market share in 2022 by application.
- North America held a 38% share of the global medical writing market in 2022.
- Clinical writing in 2022 contributed 41.4% to the medical writing market’s revenue.
- North America’s medical writing market is expected to grow at a CAGR of 10.4% over the forecast period.
Get Sample PDF Report: https://market.us/report/medical-writing-market/request-sample/
Medical Writing Market Key Segments
Based on Type
- Clinical Writing
- Regulatory Writing
- Scientific Writing
- Other Types
Based on Application
- Medical Journalism
- Medical Education
- Medico Marketing
- Other Applications
Based on End-User
- Pharmaceutical & Biotechnology Companies
- Contract Research Organizations
- Other End-Users
Key Regions
- North America (The US, Canada, Mexico)
- Western Europe (Germany, France, The UK, Spain, Italy, Portugal, Ireland, Austria, Switzerland, Benelux, Nordic, Rest of Western Europe)
- Eastern Europe (Russia, Poland, The Czech Republic, Greece, Rest of Eastern Europe)
- APAC (China, Japan, South Korea, India, Australia & New Zealand, Indonesia, Malaysia, Philippines, Singapore, Thailand, Vietnam, Rest of APAC)
- Latin America (Brazil, Colombia, Chile, Argentina, Costa Rica, Rest of Latin America)
- Middle East & Africa (Algeria, Egypt, Israel, Kuwait, Nigeria, Saudi Arabia, South Africa, Turkey, United Arab Emirates, Rest of MEA)
Buy Directly: https://market.us/purchase-report/?report_id=100545
Key Players Analysis
Parexel International Corporation offers a comprehensive suite of medical writing services through its Medical Writing Solutions. This end-to-end service includes the development of high-quality documents needed for all stages of drug development and commercialization. Parexel’s global team of over 700 writers specializes in a wide range of therapeutic areas, ensuring that communications are clear, cohesive, and compliant with regulatory guidelines. Their services include protocols, new drug applications, and medical education materials, leveraging data-driven insights to enhance communication strategies.
Trilogy Writing & Consulting GmbH specializes in regulatory medical writing, providing high-quality documents for regulatory submissions. The company emphasizes clarity and compliance, ensuring that all documents meet the stringent requirements of regulatory authorities. Trilogy’s expertise spans clinical study reports, investigator brochures, and common technical documents. Their approach focuses on collaboration with clients to produce precise, clear, and effective documents, essential for successful regulatory submissions and approvals.
Freyr is a global regulatory solutions and services company, providing comprehensive medical writing services tailored to regulatory requirements. Their offerings include authoring, editing, and reviewing a wide array of documents such as clinical study reports, protocols, and regulatory submission dossiers. Freyr’s medical writing team is adept at creating clear, accurate, and regulatory-compliant documents, which are crucial for successful market authorizations and maintaining compliance throughout the product lifecycle.
Cactus Communications offers specialized medical writing services through its brand, Editage. They provide end-to-end solutions for regulatory writing, scientific communications, and medical education materials. Cactus’ team of experienced writers and editors ensures that all documents are accurate, clear, and meet the necessary regulatory standards. Their services include clinical study reports, protocols, manuscripts, and patient education materials, supporting clients in effectively communicating scientific and medical information.
Labcorp Drug Development, a division of Labcorp, provides integrated medical writing services as part of its comprehensive clinical development solutions. Their team of expert medical writers produces high-quality regulatory and scientific documents, including clinical study reports, investigator brochures, and regulatory submission documents. Labcorp’s medical writing services are designed to support the entire drug development process, ensuring that documents are accurate, compliant, and tailored to meet regulatory requirements
Medical Writing Market Key Players:
- Parexel International Corporation
- Trilogy Writing & Consulting GmBH
- Freyr
- Cactus Communications
- Labcorp Drug Development
- IQVIA Holdings Inc.
- Omics International
- Synchrogenix
- Siro Clinpharm Private Limited
- Quanticate International Limited
- Inclin Inc.
- Other Key Players
Medical Writing Market Report Scope >> Market Value (2022): USD 3.6 Billion || Forecast Revenue (2032): USD 9.4 Billion || CAGR (2023-2032): 10.4% || Base Year Estimation: 2023 || Historic Period: 2019-2022 || Forecast Period: 2024-2033.
Inquire More about report: https://market.us/report/medical-writing-market/#inquiry
About Market.US
Market.US is renowned for its comprehensive market research and analysis, providing customized and syndicated reports to a global clientele. Specializing in a variety of sectors, they offer strategic insights and detailed market forecasts, assisting businesses in making informed decisions. With a focus on innovation and accuracy, Market.US supports clients in over 126 countries, and maintains a strong repeat customer rate, underscoring their commitment to quality and client satisfaction. Their team excels in delivering exceptional research services, ensuring that no detail is overlooked in any target market.
Contact Details
Market.us (Powered By Prudour Pvt. Ltd.)
Contact No: +1 718 618 4351.
Email: inquiry@market.us
Blog: https://medicalmarketreport.com/
View More Trending Reports
Muscle Stimulator Market Outlook: Expected To Expand To USD 1158.7 Million Upholding A 4.3% CAGR
Tinnitus Management Industry Set for Impressive Growth, Projected to Hit USD 4 Billion By 2033
Phoropters Market Expected to Reach New Heights, Reaching USD 160.5 Million by 2033
Editor Details
-
Company:
- Wired Release
- Website:
