Italy Medical Affairs Outsourcing Market Size & Outlook
Italy medical affairs outsourcing market, 2018-2030 (US$M)
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Italy medical affairs outsourcing market highlights
- The Italy medical affairs outsourcing market generated a revenue of USD 22.8 million in 2022 and is expected to reach USD 53.8 million by 2030.
- The Italy market is expected to grow at a CAGR of 11.3% from 2023 to 2030.
- In terms of segment, medical writing & publishing was the largest revenue generating services in 2022.
- Medical Writing & Publishing 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 22.8 million |
| Market revenue in 2030 | USD 53.8 million |
| Growth rate | 11.3% (CAGR from 2022 to 2030) |
| Largest segment | Medical writing & publishing |
| Fastest growing segment | Medical Writing & Publishing |
| 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, Italy accounted for 1.3% 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 Europe, Germany medical affairs outsourcing market is projected to lead the regional market in terms of revenue in 2030.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 357.6 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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Italy 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 32.46% in 2022. Horizon Databook has segmented the Italy 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.
Italy medical affairs outsourcing market is anticipated to grow at a significant rate over the forecast period owing to increase in the number of clinical trials in the country. According to Regulatory Pharma Net in 2019, there has been a rise in the percentage of trials conducted in Italy in comparison with the rest of Europe, despite the constant contraction of European clinical trials.
Moreover, there has been an increase in rare disease clinical trials in the country, accounting for about 32% of the total trials. This is expected to increase the demand for medical affairs service providers in the country.
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Target buyers of Italy 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 Italy medical affairs outsourcing market , including forecasts for subscribers. This country databook contains high-level insights into Italy medical affairs outsourcing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Italy medical affairs outsourcing market size, by services, 2018-2030 (US$M)
Italy Medical Affairs Outsourcing Market Outlook Share, 2022 & 2030 (US$M)
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