Polaris Market Research recently published a research report on “Medical Writing Market Share, Size, Trends, Industry Analysis Report, By Type (Medical Writing, Scientific Writing, Regulatory Writing, Others); By Application, By End-User (Pharmaceutical Companies, CRO, Others); By Region; Segment Forecast, 2022 – 2030” in its research database.
According to the research report, the global medical writing market size and share was valued at USD 3.58 billion in 2021 and are expected to reach USD 8.39 Billion By 2030, growing at a CAGR of 10.5% during the forecast period.
What is Medical Writing? How Big is Medical Writing Market?
- An Overview
Medical writing involves writing scientific documents for various purposes, including clinical research documents and health magazines and documents for health magazines, journals, and news. Medical writing is produced and developed by specific healthcare professionals or specialized writers. These documents include regulatory and research-related documents, submission documents, post-approval documents, and disease or drug-related literature.
The medical writers also ensure that these documents meet the regulatory, journal, or other guidelines. Medical writing is used in sectors such as the pharmaceutical, and medical device industries. The medical writing market is majorly driven by rising investments in research and development activities across several industries. These trends are expected to fuel the market over the forecast period. A beneficial environment for clinical study in developing countries is another factor boosting the market’s growth.
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Key Points of The Report Will Improve Your Decision-Making Power:
- The report analyzes and forecasts the size of the global medical writing market.
- The report studies the market and informs the readers of the data related to revenue updates, volume, and projected expansion rate of demand.
- The report delivers a full-scale exploration of market dynamics and factors that are manipulating the growth of the global medical writing market.
- Competitive analysis of major market players will give a competitive advantage to customers in their respective businesses.
- A report tracks market potential, drivers, current trends, challenges and opportunities, and threats/risks.
- The report also includes the demand outlook for the medical writing market across the globe.
Some of the Top Market Players Are:
- Cactus Communication
- Cardinal Health
- Certara
- Covance
- Freyer
- Icon Plc.
- InClin Inc.
- Indegene
- InFocusRX
- IQVIA
- Makrocare
- Nucleus Global
- OMICS
- Parexel
- Quanticate
- Synchrogenix
- Syneos Health
- Trilogy
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Market Growth Drivers
The recent outbreak of COVID-19 has had a positive impact on the global medical writing market’s growth. The latest data unveiled by Kolabtree in March 2021 states that market demand for freelance medical writers increased by 50% during the COVID-19 pandemic. Growing demand for regulatory systems in the pharmaceutical and biopharmaceutical sectors is expected to propel the growth of the market. Increased growth of health and wellness-related blogs is anticipated to drive the demand for the medical writing market.
Moreover, the growing investments in research and development activities are further predicted to promote the market’s expansion. Surging developments in technologies and the rising adoption of these technologies are also among the key factors driving the medical writing market growth. In addition, increasing investments by major companies in developing product technologies in devices is expected to create growth opportunities in the medical writing industry.
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Global Medical Writing Market: Report Scope
| Report Attribute | Details |
| Market Outlook for 2030 | USD 8.39 Billion |
| Market Size 2021 Value | USD 3.58 Billion |
| Expected CAGR Growth | 10.5% from 2022 – 2030 |
| Base Year | 2021 |
| Forecast Year | 2022 – 2030 |
| Top Market Players | Cactus Communication, Cardinal Health, Certara, Covance, Freyer, Icon Plc., InClin Inc., Indegene, InFocusRX, IQVIA, Makrocare, Nucleus Global, OMICS, Parexel, Quanticate, Synchrogenix, Syneos Health, and Trilogy. |
| Segments Covered | By Type, By Application, By End-Use, By Region |
| Customization Options | Customized purchase options are available to meet your research needs. Explore customized purchase options |
Medical Writing Market: Report Segmentation
- Insight by Type
Based on type, the regulatory writing segment accounted for the largest revenue share in the global medical writing market in 2021. Regulatory medical writing includes the production and development of documentation for the approval of medications, devices, and biologics, such as research reports, study protocols, and investigator brochures. The key factors contributing to the segment’s growth include an increasing number of developing pharmaceuticals that require regulatory documentation. Moreover, beneficial environments for clinical trials, new medical apparatus regulations, and growing trends in social media are expected to boost the demand for medical writing services.
- Insight by Application
Based on application, the medical journalism segment is projected to account for the highest CAGR over the forecast period. The segment involves delivering investigation and reporting to a broad audience. The target audiences would be Non-professional/non-expert audiences, as well as healthcare professionals.
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Geographic Overview
Depending on the geography, North America witnesses the most significant revenue contributor in the global medical writing market. This growth can be attributed to the presence of leading market players and healthcare firms performing the research & development of drugs and medical devices, medical publications, and other healthcare activities. For instance, the Centers for Medicare & Medicaid Services (CMS) states that the United States national healthcare investments are anticipated to expand at a rate of 5.5 % per year from 2018-to 2027, accounting for about USD 6.0 trillion.
Moreover, Asia Pacific is anticipated to record substantial growth in the medical writing market owing to the technological developments and the widespread acceptance of these technologies. Also, growing demand for medical writing for regulatory paperwork in the healthcare industry.
Browse the Detail Report “Medical Writing Market Share, Size, Trends, Industry Analysis Report, By Type (Medical Writing, Scientific Writing, Regulatory Writing, Others); By Application, By End-User (Pharmaceutical Companies, CRO, Others); By Region; Segment Forecast, 2022 – 2030” with in-depth TOC: https://www.polarismarketresearch.com/industry-analysis/medical-writing-market
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Recent developments
In January 2021, ICON Clinical Research Inc. extended its Brentwood research functions to create 85 new jobs during the next five years. ICON Clinical Research provides clinical research services to the pharmaceutical, biotechnology, and medical industries.
Polaris market research has segmented the medical writing market report on the basis of type, application, end-user, and region:
Medical Writing Market: By Type Outlook
- Medical Writing
- Scientific Writing
- Regulatory Writing
- Others
Medical Writing Market: By Application Outlook
- Medical Education
- Medical Journalism
- Medico Marketing
- Others
Medical Writing Market: By End-Use Outlook
- Pharmaceutical Companies
- CRO
- Others
Medical Writing Market: By Region Outlook
- North America (U.S., Canada)
- Europe (France, Germany, UK, Italy, Netherlands, Spain, Russia)
- Asia Pacific (Japan, China, India, Malaysia, Indonesia, South Korea)
- Latin America (Brazil, Mexico, Argentina)
- Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa)
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