Global Medical Affairs Outsourcing Market Size & Outlook
Global medical affairs outsourcing market, 2018-2030 (US$M)
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Global medical affairs outsourcing market highlights
- The global medical affairs outsourcing market generated a revenue of USD 1,701.4 million in 2022 and is expected to reach USD 4,574.1 million by 2030.
- The market is expected to grow at a CAGR (2023 - 2030) of 13.2% by 2030.
- In terms of segment, medical writing & publishing accounted for a revenue of USD 596.2 million in 2022.
- Medical Science Liaisons (MSLs) is the most lucrative services segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2022.
- Country-wise, Canada is expected to register the highest CAGR from 2023 to 2030.
Global data book summary
| Market revenue in 2022 | USD 1,701.4 million |
| Market revenue in 2030 | USD 4,574.1 million |
| Growth rate | 13.2% (CAGR from 2022 to 2030) |
| Largest segment | Medical writing & publishing |
| Fastest growing segment | Medical Science Liaisons (MSLs) |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Medical Writing & Publishing, Medical Monitoring, Medical Science Liaisons (MSLs), Medical Information |
Other key industry trends
- In terms of revenue, the North America accounted for 34.9% of the global medical affairs outsourcing market in 2022.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Canada is the fastest growing regional market and is projected to reach USD 127.9 million by 2030.
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Medical Affairs Outsourcing Market Scope
Medical Affairs Outsourcing Market Companies
| Name | Profile | # Employees | HQ | Website |
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Global medical affairs outsourcing market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to medical affairs outsourcing market will help companies and investors design strategic landscapes.
Medical writing & publishing was the largest segment with a revenue share of 35.04% in 2022. Horizon Databook has segmented the Global medical affairs outsourcing market based on medical writing & publishing, medical monitoring, medical science liaisons (msls), medical information covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Medical Affairs Outsourcing Services Outlook (Revenue, USD Million, 2018-2030)
- Medical Writing & Publishing
- Medical Monitoring
- Medical Science Liaisons (MSLs)
- Medical Information
- Others
- Global Medical Affairs Outsourcing Industry Outlook (Revenue, USD Million, 2018-2030)
- Pharmaceutical
- Biopharmaceutical
- Medical Devices
- Therapeutic Medical Devices
- Diagnostic Medical Devices
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Target buyers of Global medical affairs outsourcing market databook
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Our clientele includes a mix of medical affairs outsourcing market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of global-level data and insights on the Global medical affairs outsourcing market , including forecasts for subscribers. This global databook contains high-level insights into Global medical affairs outsourcing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global medical affairs outsourcing market size, by region, 2018-2030 (US$M)
Top 10 countries: Medical affairs outsourcing market size, 2022 (US$M)
Global medical affairs outsourcing market share, by services, 2022 & 2030 (%, US$M)
Medical affairs outsourcing market: Opportunity assessment by country
Global medical affairs outsourcing market, by region, 2022 (US$M)
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