Medical Writing Market Report 2023: Market Size, Growth, Trends, Share And Research Insights By 2032 | Cardinal Health Inc., Merck and Co. Inc., AbbVie Inc., Abbott Laboratories, Medtronic Plc

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company's Medical Writing Global Market Report 2023 identifies rising development of new drugs as the major driver for the Medical Writing market's growth in the forecast period. Novel drugs are pharmaceutical substances not previously approved or marketed for therapeutic use. Medical writing helps the development of new drugs by providing strategies and techniques required in publishing documents for drug development. It also includes information regarding drug research and information technology. 

The global medical writing market is expected to grow from $3.06 billion in 2022 to $3.42 billion in 2023 at a compound annual growth rate (CAGR) of 11.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The medical writing market is expected to reach $5.09 billion in 2027 at a CAGR of 10.5%.

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Major competitors in the Medical Writing market are Cardinal Health Inc., Merck and Co. Inc., AbbVie Inc., Abbott Laboratories, Medtronic Plc.

A key trend in the Medical Writing market includes Product innovation. Major companies operating in the medical writing market are concentrating on creating innovative products to strengthen their position in the market. For instance, in September 2021, Certara Inc., a US-based company that provides drug development software and services, launched the New Synchrogenix Writer Software. The Synchrogenix Writer program automates data mapping and allows for early writing before database lock, increasing consistency, lowering risk, and speeding up the regulatory filing process. A new regulatory SaaS application accelerates the production and assessment of patient narratives. Patient accounts of adverse events or medication responses are essential for clinical research reporting in all therapeutic areas and throughout the clinical phases.

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The Medical Writing market is segmented -

1. By Type: Clinical Writing, Regulatory Writing, Scientific Writing, Other Types
2. By Application: Medical Journalism, Medical Education, Medico Marketing, Other Applications
3. By End-Use: Pharmaceutical Companies, CRO (Contract Research Organization), Other End-Users
4. By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Medical Writing market.

The Business Research Company's "Global Medical Writing Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.

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The Table Of Content For The Medical Writing Market Include:

1. Executive Summary
2. Medical Writing Market Characteristics
3. Medical Writing Market Trends And Strategies
4. Medical Writing Market - Macro Economic Scenario
……
32. Global Medical Writing Market Competitive Benchmarking
33. Global Medical Writing Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Medical Writing Market
35. Medical Writing Market Future Outlook and Potential Analysis
36. Appendix

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