Medical Writing Market Research Report - Global Forecast till 2027

Global Medical Writing Market Research Report: By Type (Clinical Writing, Regulatory Writing, Scientific Writing, Disease- and drug-related writing), By Application (Medical Journalism, Medical Education, Medico Marketing) and By End-User (Pharmaceutical & Biotechnology Companies, Contract Research Organizations) – Forecast to 2027

ID: MRFR/HC/6898-HCR | February 2021 | Region: Global | 100 pages

Please note that the assessment period of report has been updated from 2019-2025 to 2020-2027. Cordially fill the sample form for updated data

Market Forecast


Global Medical Writing Market is expected to cross USD 3.25 Billion by 2025 at a CAGR of 10.1 %.


Market Synopsis


Increasing demand for regulatory paperwork in the pharmaceutical and biopharmaceutical industry is expected to drive the growth of the medical writing market. Pharmaceutical medical writing has grown significantly in India in last few years. Medical writing includes preparing regulatory paperwork and publication of documents related to health, diseases, and healthcare products. It requires medical knowledge and understanding of drug development and regulatory guidelines. Medical writing plays a vital role in the success of a clinical research project. An increase in healthcare spending is expected to drive the growth of the global medical writing market.


Strategic mergers & acquisitions are also projected to boost market growth with companies looking to strengthen their market positions and expand their product portfolios. For instance, in May 2019, ICON acquired MediNova, an integrated network of clinical research sites across Europe, Middle East & Africa. The acquisition helped ICON strengthen its position exponentially in the medical writing market.


An increase in research and development (R&D) investment and the expiration of patents are directly linked to the growth of the market.


Market Influencer


Rising patent expiration has led to increasing demand for medical writers in recent years.


Market Drivers



  • Increase in R&D costs is expected to drive the demand for medical writing over the forecast period. Medical writing finds widespread application in pharmaceutical and biopharmaceutical industries and among other pharmaceutical sectors such as Cactus Communications Pvt. Ltd and Quintiles. The increasing number of patent expiration drives the growth of the market. It has been observed that with increasing expiration of patents, the demand for medical writing also increases. As there is an increase in patent expiration, there is the need to draft new patents; hence, demand for medical writing is seen growing.   

  • Significant healthcare expenditure

  • Increasing expansion of the pharmaceutical industry

  • Rising demand for a medical writer due to increasing patent expiration


Market Restraints



  • Stringent government regulatory policies set by various countries for medical writing is restraining the growth of the market. The US Food and Drug Administration (FDA), European Medicines Agency, and the China Food and Drug Administration (CFDA) are some of the government bodies that set regulatory standards for the healthcare industry.


Segmentation


By Type



  • Clinical Writing: Clinical writing holds most of the market share and is likely to maintain its leading position in the market during the forecast period. As various companies and government bodies are investing in research & development of clinical trials, hence the demand for clinical writing is increasing nowadays.  

  • Regulatory Writing: Regulatory writing includes different clinical documents, such as the treatment of various disorders and descriptions of clinical trials.

  • Scientific Writing: It is a technical form of writing that communicates scientific information to other scientists through journals, articles, scientific posters, and research proposals.

  • Disease- and drug-related writing: This segment includes information regarding different types of conditions and their treatment options. As there has been a rising prevalence of various chronic disorders the demand for disease- and drug-related writing is increasing.


By Application



  • Medical Journalism: Medical journalism is a combination of medicines as a science and journalism as art. It is one of the most significant segments due to the growing need for multiple reliable sources of medical information and update on current treatment methodologies in the healthcare industry.

  • Medical Education: This segment includes the writing of medical textbook and online research articles.

  • Medico Marketing: In this segment, product monographs and training modules are prepared.     


By End-User



  • Pharmaceutical & Biotechnology Companies: The largest segment as the use of medical writing is highest in pharmaceutical companies.

  • Contract Research Organizations (CROS): A growing segment. Clinical research organization provides information regarding the various clinical trials. It is a specialized type of medical writing which requires knowledge of both medical and scientific language. It delivers information regarding the clinical study report in order to support trails across all phases of drug development.


By Region



  • Americas: The largest regional market. The US alone has more than 7,200 active hospitals and very well-established healthcare industry. This serves to drive the growth of the medical writing market in the region.



  • Europe: Europe has some of the best healthcare services in the world. The need for medical writing is high in this region due to the growth of the healthcare industry and the expansion of various biopharmaceutical industries.



  • Asia-Pacific: The fastest-growing regional market for medical writing, Asia-Pacific has the world’s largest population and fast-developing healthcare industry.



  • Middle East & Africa: Limited healthcare infrastructure notwithstanding, medical writing is used at each level of healthcare in the region, which is expected to drive its demand during the forecast period.


Key Players



  • Parexel International Corporation (US)

  • Freyr Solutions (US)

  • Cactus Communications (UK)

  • Covance Inc (US)

  • IQVIA (US)

  • OMICS International (India)

  • SYNCHROGENIX (US)

  • SIRO CLINPHARM (India)

  • INCLIN, (US)

  • Clinexa Life Sciences Pvt (Australia)

  • Others



Frequently Asked Questions (FAQ) :


The global medical writing market is projected to reach a valuation of USD 3.25 BN by 2025.

The global medical writing market is projected to grow at approximately 10% CAGR during forecast period (2019-2025).

Spurting growth in the pharmaceutical and biopharmaceutical industries

North America holds the largest share in the global medical writing market, followed by Europe and the Asia Pacific, respectively.

Freyr Solutions (US), Parexel International Corporation (US), Cactus Communications (UK), OMICS International (India), Covance Inc (US), IQVIA (US), SYNCHROGENIX (US), INCLIN, (US), SIRO CLINPHARM (India), and Clinexa Life Sciences Pvt. (Australia), are some of the major players operating in the medical writing market.



This table of content is tentative and subject to change as the research progresses.

Please Note:  Financial details of company cannot be provided if the information of the company is not available in public domain and or reliable source.