India Medical Affairs Outsourcing Market Size & Outlook
India medical affairs outsourcing market, 2018-2030 (US$M)
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India medical affairs outsourcing market highlights
- The India medical affairs outsourcing market generated a revenue of USD 230.9 million in 2022 and is expected to reach USD 738.9 million by 2030.
- The India market is expected to grow at a CAGR of 15.6% 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 230.9 million |
| Market revenue in 2030 | USD 738.9 million |
| Growth rate | 15.6% (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, India accounted for 13.6% 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 Asia Pacific, India medical affairs outsourcing market is projected to lead the regional market in terms of revenue in 2030.
- Japan is the fastest growing regional market in Asia Pacific and is projected to reach USD 155.5 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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India 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 36.64% in 2022. Horizon Databook has segmented the India 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.
Medical writing is becoming a lucrative field in India. Medical writing services are expected to achieve remarkable market share with the upward growth trend majorly driven by the urgent need to have superior quality documents to support timely approvals of drugs in the market.
Pharmaceutical companies and healthcare service providers seek medical writing services in India due to various factors such as easy availability of resources at low cost and faster turnaround time. The country is generally preferred for global clinical research outsourcing owing to low cost and infrastructure equivalents that meet the essential standards. It has a huge talent pool of skilled clinical research professionals, which is creating promising options for outsourcing medical writing.
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Target buyers of India 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 country-level data and insights on the India medical affairs outsourcing market , including forecasts for subscribers. This country databook contains high-level insights into India medical affairs outsourcing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India medical affairs outsourcing market size, by services, 2018-2030 (US$M)
India Medical Affairs Outsourcing Market Outlook Share, 2022 & 2030 (US$M)
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