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Medical Writing Market could be worth US$ 3,981.8 Million by 2027, Says The Insight Partners

11-06-2023 10:51 AM CET | Health & Medicine

Press release from: The Insight Partners

Medical Writing Market

Medical Writing Market

According to the latest study on "Global Medical Writing Market to 2027 - Covid-19 Impact and Analysis and Forecast by Type [Clinical Writing, Regulatory Writing, Scientific Writing, Others]; Application [Medical Journalism, Medical Education, Medico Marketing, and Others]; End User [Pharmaceutical and Biotechnology Companies, and Contract Research Organizations (CROs)]; and Geography", the market was valued at US$ 2,322.40 million in 2019 and is projected to reach US$ 3,981.8 million by 2027; it is expected to grow at a CAGR of 7.0 % during 2020-2027. The report highlights key driving factors and also the prominent players and their developments in the market.

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Medical writing is a form of communication of clinical and scientific information and data in different formats to broad audiences. Medical writers combine their expertise in science and their research skills with an understanding of ways of presenting information and pitch it at the right level for the intended audience. Medical writing is an integral part of drug development and is employed in contract research organizations (CROs), pharmaceutical companies, and communications agencies. North America accounts for the largest share of the global medical writing market.

Competitive Landscape: Medical Writing Market: The global medical writing market is concentrated with a few well-established players, such as Cactus Communications, Certara, Covance, Synchrogenix, and Parexel International Corporation.

The robust growth in CRO outsourcing has been a significant factor contributing to the growth of the medical writing market. A large portion of medical writing is outsourced these days. With an increase in demand for medical writing is leading to the growth of the business of medical writing firms. The quality of documents that are produced by medical writers in a CRO is considered superior to the writers in BPO companies. The medical writings of CRO have greater scientific depth, written in a superior language, and are excellent in presentation. They use topnotch formatting and presentation skills, along with adhering to guidelines. Besides, the documents produced by CROs are delivered on time as they have tight timelines. These factors are leading to the rise in importance of CRO medical writing outsourcing.

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.

Chapter Details of Medical Writing Market:
Part 01: Executive Summary
Part 02: Scope of The Report
Part 03: Medical Writing Market Landscape
Part 04: Medical Writing Market Sizing
Part 05: Medical Writing Market Segmentation by Product
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers and Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Vendor Analysis

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Contact Us:
If you have any queries about this report or if you would like further information, please contact us:
Contact Person: Ankit Mathur
E-mail: sales@theinsightpartners.com
Phone: +1-646-491-9876

About Us:
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

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