Canada Medical Affairs Outsourcing Market Size & Outlook
Canada medical affairs outsourcing market, 2018-2030 (US$M)
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Canada medical affairs outsourcing market highlights
- The Canada medical affairs outsourcing market generated a revenue of USD 78.8 million in 2022 and is expected to reach USD 127.9 million by 2030.
- The Canada market is expected to grow at a CAGR of 6.2% from 2023 to 2030.
- In terms of segment, medical writing & publishing was the largest revenue generating services in 2022.
- Medical Science Liaisons (MSLs) is the most lucrative services segment registering the fastest growth during the forecast period.
Medical affairs outsourcing market data book summary
| Market revenue in 2022 | USD 78.8 million |
| Market revenue in 2030 | USD 127.9 million |
| Growth rate | 6.2% (CAGR from 2022 to 2030) |
| Largest segment | Medical writing & publishing |
| Fastest growing segment | Medical Science Liaisons (MSLs) |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Medical Writing & Publishing, Medical Monitoring, Medical Science Liaisons (MSLs), Medical Information |
| Key market players worldwide | IQVIA Holdings Inc, Icon PLC, The Medical Affairs Company, Syneos Health, Thermo Fisher Scientific Inc, Wuxi AppTec Co Ltd, SGS AG, Ashfield Healthcare, ZEINCRO Group, Indegene |
Other key industry trends
- In terms of revenue, Canada accounted for 4.6% of the global medical affairs outsourcing market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. medical affairs outsourcing market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 1,404.6 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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Canada 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 33.38% in 2022. Horizon Databook has segmented the Canada 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.
Canada has one of the largest numbers of biotechnology companies in the world with 732 biotech companies reported in 2017 and is the largest market for the vaccine industry. Canada’s regulatory environment is governed by Health Canada and there has been tremendous support by the government in encouraging investment for clinical development & manufacture of biopharmaceutical products.
Budget 2016 highlights a significant investment in Health Infoway and the Center for Drug Research and Development in the next two years, which is expected to attract many biopharmaceutical companies.
Presence of a well-established healthcare system and support by the government are expected to result in increased number of clinical trials in the region. These factors are anticipated to contribute to the demand for medical affairs services in the country.
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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 country-level data and insights on the Canada medical affairs outsourcing market , including forecasts for subscribers. This country databook contains high-level insights into Canada medical affairs outsourcing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada medical affairs outsourcing market size, by services, 2018-2030 (US$M)
Canada Medical Affairs Outsourcing Market Outlook Share, 2022 & 2030 (US$M)
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