Future Looks Good for Global Medical Writing Market

  • A rising number of patents are expiring, which is expected to improve the medical writing market.
  • Global medical writing market is highly fragmented
  • A lack of skilled and trained professionals is likely to hinder the market.

Global medical writing market is expected to rise to an estimated value of $3.85 billion by 2026, registering a healthy CAGR in the forecast period of 2019-2026, due to rising demand for drug related information and increasing demand for preparation of drafts for new patents.

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Market Definition

Medical writing is a process which consists of information related to drug advancement process, safety and regulatory information and other information related to the research methodologies. This documents are usually prepared by a medical writer who makes sure that it consists of information related to product use, research outcome and other information. They are widely used in applications in project management, pharmacovigilance, clinical data management etc.

Market Drivers

Growth in the pharmaceutical industry
Rising number of patents expiring
Increasing prevalence for non- core activities
Rising R&D investment in medical writing

Market Restraints

High attrition
Lack of skilled and trained professionals
Incompetent technical writing skill

A lack of trained workers hinders the market.

 

 

 

 

 

 

 

 

 

Segmentation analyzed in the report

By Type

Clinical
Regulatory
Scientific
Others

By Application

Medical Journalism
Medical Education
Medico Marketing
Others

By End- User

Pharmaceutical & Biotechnology Companies
Contract Research Organizations

By Geography

North America
U.S.
Canada
Mexico
South America
Brazil
Rest of South America
Europe
Germany
Italy
U.K.
France
Spain
Netherlands
Belgium
Switzerland
Turkey
Russia
Rest of Europe
Asia-Pacific
Japan
China
India
South Korea
Australia
Singapore
Malaysia
Thailand
Indonesia
Philippines
Rest of Asia-Pacific
Middle East and Africa
South Africa
Rest of Middle East & Africa

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Key Players

A few of the major competitors currently working in the global medical writing market are Parexel International Corporation., Trilogy Writing & Consulting GmbH, Freyr, CACTUS Communications, Covance Inc, IQVIA., OMICS International, Certara, SIRO Clinpharm, Quanticate, InClin, Inc., Intertek Group plc, ICON plc, Cardinal Health., MakroCare., IF Medical Writing SASU, InfocusRx, inc., APCER Life Sciences, Inc., Pearl Pathways, LLC., Insight Medical Writing., SGS SA and others

This documents are usually prepared by a medical writer who makes sure that it consists of information related to product use,

Key Developments

In April 2019, Whitsell Innovations, Inc. announced that they have acquired Pharmakey, LLC so that they can expand their planned consulting services and full electronic submissions. The main aim is to meet the need and requirement of the company for regulatory decision-making and significant writing
In August 2018, Syneos Health, Inc announced that they have acquired Kinapse which will help the company to expand their safety, regulatory and pharmacovigilance consulting and operations. It will also help the company to strengthen their medical writing, clinical trial transparency, quality operations and consulting capabilities in the areas of R&D providing high-value solutions to the customers

Competitive Analysis

Global medical writing market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of medical writing market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

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Rashi Pande

About Us Data Bridge Market Research is a versatile market research and consulting firm with over 500 analysts working in different industries. We have catered more than 40% of the fortune 500 companies globally and have a network of more than 5000+ clientele around the globe. 
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