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Comprehensive 2025 Medical Writing Market Overview: Trends, Forecasts, and Growth Drivers
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.What Is the Expected CAGR for the Medical Writing Market Through 2025?
The size of the medical writing market has seen swift expansion recently. The current projections show an increase from $3.83 billion in 2024 to $4.25 billion in 2025, with a compound annual growth rate (CAGR) of 10.9%. The significant growth during the historical period is linked to factors such as the escalation in pharmaceutical R&D, growing complexity in medications and treatments, rising demand for regulatory writing, the necessity for precise and compliant scientific records, and the broadening of clinical trials.
What's the Projected Size of the Global Medical Writing Market by 2029?
In the coming years, the medical writing industry is predicted to undergo substantial expansion, with its market size reaching $6.33 billion in 2029 and a CAGR of 10.5%. The expected growth throughout this forecast period is owing to several factors such as the digitization of healthcare, the popularity of remote and virtual collaboration in the field of medical writing, the inclusion of patient feedback in medical texts, the advent of personalized medicine, escalated clinical research outsourcing, and patient-oriented communication. Additionally, the acceptance of real-world data in publications also contributes to the expansion. Key trends observed during the projection period consist of progresses in technology, increased application of AI and machine learning in medical writing, collaborations among medical writing agencies, tech firms, and pharmaceutical organizations, as well as advancements in digital tools and platforms enhancing medical writing processes.
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Top Growth Drivers in the Medical Writing Industry: What's Accelerating the Market?
The growth of the medical writing market is being driven by the increasing development of new drugs. These novel drugs, which are pharmaceutical substances yet to be approved or marketed for therapeutic use, rely on the skills and knowledge provided by medical writing. This process implicates the publishing of documents relevant to the drug development, including information about drug research and technology. An example of this can be seen in January 2023, when the Center for Drug Evaluation and Research (CDER), an entity under the US-based Federal Agency, the Food and Drug Administration, issued approval for 37 novel drugs in 2022. These were substances that had never been given approval or marketed within the United States previously. With 20 of these drugs, accounting for 54%, receiving approval the same year, there is clear evidence of the potential for the medical writing market due to the development of new drugs.
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What Trends Will Shape the Medical Writing Market Through 2029 and Beyond?
The evolution of product innovation has become a significant trend prominent in the sector of medical writing. Key businesses functioning within this market are focusing on designing innovative products to solidify their market standing. For example, Nuance Communications, Inc., an American computer software company, introduced Dragon Ambient eXperience (DAX) Copilot in September 2023. This advanced AI tool capitalizes on ambient, conversational, and generative AI to automate the management of clinical records. DAX Copilot is instrumental for medical professionals by simplifying the record-keeping process, thereby escalating clinical efficiency and mitigating exhaustion by creating more time for patient consultation. This system advances timely and error-free clinical documentation, which in turn aids healthcare professionals to concentrate on delivering superior patient care and amplifying their overall output.
What Are the Main Segments in the Medical Writing Market?
The medical writing market covered in this report 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
Subsegments:
1) By Clinical Writing: Clinical Study Protocols, Clinical Study Reports, Informed Consent Forms
2) By Regulatory Writing: Investigational New Drug (IND) Applications, New Drug Applications (NDA), Biologics License Applications (BLA)
3) By Scientific Writing: Manuscripts For Publication, Abstracts And Posters, Literature Reviews
4) By Other Types: Medical marketing Writing, Educational Materials, Medical Grant Proposals
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Which Top Companies are Driving Growth in the Medical Writing Market?
Major companies operating in the medical writing market include Cardinal Health Inc., Merck and Co.Inc., AbbVie Inc., Abbott Laboratories, Medtronic Plc., Labcorp Drug Development Inc., IQVIA Holdings Inc., Icon Plc., Parexel International Corporation, Syneos Health, Ashfield Healthcare Limited, Indegene Pvt. Ltd, UDG Healthcare Plc., Evidera, Certara Inc., MMS Holdings Inc., Freyr Solutions, Cactus Communication Ltd., Omics International Pvt Ltd., Quanticate International limited, Inclin Inc., Criterium Inc., Aptitude Health., Siro Clinpharm Private Limited, ProScribe Medical Communications, Pegasus Knowledge Solutions Inc., Cognibrain, Scientific Communications Group, InkLab Medical Communications, Trilogy Writing and Consulting GmBH
Which Regions Will Dominate the Medical Writing Market Through 2029?
North America was the largest region in the medical writing market in 2024. Asia-Pacific is expected to be the fastest growing region in the forecast period. The regions covered in the medical writing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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