ID: MRFR/HC/6898-HCR | February 2021 | Region: Global | 100 pages
Global Medical Writing Market is expected to cross USD 3.25 Billion by 2025 at a CAGR of 10.1 %.
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.
Rising patent expiration has led to increasing demand for medical writers in recent years.
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.