What's driving the Medical Writing Market Size? | Key Players are Parexel, Freyr Solutions, Cactus Communications

Medical writing is a field that involves the creation of documents for scientific purposes. The demand for medical writing is growing steadily mainly in pharmaceutical and healthcare communication industries. Increase in expiration of patents, and rise in research and regulatory services are some of the major factors driving the growth of the global medical writing market.

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Based on type, the medical writing market has been categorized into regulatory- and research-related writing, disease- and drug-related writing, and publication. Regulatory- and research-related medical writing involves preparing high quality documents for the purpose of investigator brochures (IBs), clinical study protocols, clinical study reports (CSRs), and common technical documents (CTDs), which are usually required by regulatory agencies. It also involves the preparation of documents for product approval or regulatory framework. Disease- and drug-related medical writing includes promotional materials on web or in print form. Publication articles include writing of research or review papers and articles that are required for scientific sites and journals.

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Increasing number of patents expiring is a key factor driving the growth in the medical writing industry. It has been observed that with various patents expiring, the need for the medical writers has increased for the preparation of drafts of new patents. With inclusion of more diverse products in the industry, the need for medical writing increases, which is another force driving the global medical writing market.

With increase in expansion of pharmaceutical industry, the need for outsourcing non-core activities (such as repot writing) is increasing; and this is creating demand for professional medical writers who can write reports or clinical documents. Moreover, the growth in the pharmaceutical industry is further expected to drive the demand for medical reports, as most of the pharmaceutical giants tend to outsource their clinical data management to medical writers.

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Key players operating in the medical writing industry are PAREXEL International Corporation, Triology Writing & Consultancy GmBH, Freyr Solutions, and CACTUS Communications.

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