Medical Writing Market Size Worth USD 3,981.8 million by 2027 and is expected to grow at a CAGR of 7.0%: The Insight Partners

The scope of the "Global Medical Writing Market to 2027 - Covid-19 Impact and Analysis and Forecast by and Geography" involves understanding the factors responsible for the growth of the market, along providing revenue estimates and forecast as well as market share analysis; it also includes spotting significant medical writing market players and their key developments.

Early buyers will receive 10% customization on reports.

The global medical writing market accounted for US$ 2,322.40 million in 2019 and is expected to grow at a CAGR of 7.0% during 2019-2027 to reach US$ 3,981.8 million by 2027. Medical writing is employed by pharmaceutical companies to get their products registered with international regulatory authorities. It involves preparing a variety of medical documents for regulatory submissions, including protocols and final reports for clinical trials, and clinical expert reports. It may also include the preparation of manuscripts for publication in medical journals. The scientific information in these documents needs to be presented to suit the level of understanding of the target audience, such as patients, general public, physicians, or regulators. North America accounted for the largest share of the global medical writing market in 2018. The dominance of this region is primarily attributed to rapid growth in the healthcare sector in the US, Canada, and Mexico. Many pharmaceuticals and biotechnology companies like the Cactus Medical, Caudex Medical, and Frontage Laboratories, Inc., in the US are often looking for medical and regulatory medical writers who can help them with their medical writing and compilation of dossiers for submission. In the US, the medical documents are primarily submitted to the FDA for permission to conduct clinical trials or investigation of new drug applications as well as for the approval for the marketing of new drugs.

Sample PDF showcases the content structure and the nature of the information included in the report which presents a qualitative and quantitative analysis - https://www.theinsightpartners.com/sample/TIPRE00008502/?utm_source=OpenPR&utm_medium=10408

The medical writing market, by end user, is segmented into pharmaceutical and biotechnology companies and contract research organizations (CROs). In 2018, the pharmaceutical and biotechnology companies segment dominated the medical writing market. Medical writing in pharmaceutical and biotechnology companies involves the development of research papers, conference writings, and review papers. Usually skilled writers are hired for the writing. Medical writing plays an important role in pharmaceutical companies as the companies are efficiently trying to bring new medicines into the market. Good medical writing helps in quality clinical trial conduct, cleat trial objectives, and optimal product labeling, which together ensure systematic conduct and product promotion.

The COVID-19 outbreak first began in Wuhan (China) in December 2019, and since then, it has spread at a fast pace worldwide. Increase in the number of hospitalizations related to COVID cases has significantly necessitated the demand for a number of healthcare products, biomedical devices, and drugs. The increasing number of drugs trials and vaccine research has led to high demand for medical writing services. This represents a significant opportunity for medical writing service providers.

The global medical writing market, by geography, is segmented into North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and South America. North America accounted for the largest share of the market in 2018, followed by Europe and Asia Pacific. The region is home to a few major companies engaged in medical writing, such as Synchrogenix and Parexel International Corporation.
Medical Writing Market Breakdown-by Region, 2018

Have a 15-minute-long discussion with the lead analyst and author of the report in a time slot decided by you. You will be briefed about the contents of the report and queries regarding the scope of the document will be addressed as well - https://www.theinsightpartners.com/speak-to-analyst/TIPRE00008502/?utm_source=OpenPR&utm_medium=10408

The report segments the global medical writing market as follows:

By Type
Clinical Writing
Regulatory Writing
Scientific Writing
Others

By Application
Medical Journalism
Medical Education
Medico Marketing
Others

By End User
Pharmaceutical and Biotechnology Companies
Contract Research Organizations (CROs)

By Geography

North America
US
Canada
Mexico

Europe
Germany
France
UK
Italy
Spain

Asia Pacific (APAC)
Australia
China
India
Japan
South Korea

Middle East and Africa (MEA)
South Africa
Saudi Arabia
UAE

South America
Brazil
Argentina

Immediate delivery of our off-the-shelf reports and prebooking of upcoming studies, through flexible and convenient payment methods -
https://www.theinsightpartners.com/buy/TIPRE00008502/?utm_source=OpenPR&utm_medium=10408

Contact Us

If you have any queries about this report or would like further information, please contact us:

Global: +1 646 491 9876
AsiaPacific: +91 20 6727 8686
Email: info@theinsightpartners.com

About The Insight Partners

The Insight Partners is a one-stop industry research provider of actionable solutions. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are specialist in industries such as Technology, Media, Food and Beverage, Chemical & materials, and Telecommunication.

Our research model is very simple. We believe in client servicing and delivering the best quality to our customers. Through our research content, we are making sure that our customers get value for their money along with better quality data and analysis.

Our research content is majorly focused towards market trends in terms of market sizing, competitive landscaping, company analysis, regional or country analysis, etc. We provide a detailed break-up of segmentation in terms of geography, technology, products, and services etc., which helps our clients to gain a deeper analytical understanding of various research topics.

This release was published on openPR.