Mexico Medical Affairs Outsourcing Market Size & Outlook
Mexico medical affairs outsourcing market, 2018-2030 (US$M)
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Mexico medical affairs outsourcing market highlights
- The Mexico medical affairs outsourcing market generated a revenue of USD 30.1 million in 2022 and is expected to reach USD 79.0 million by 2030.
- The Mexico market is expected to grow at a CAGR of 12.8% 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 30.1 million |
| Market revenue in 2030 | USD 79.0 million |
| Growth rate | 12.8% (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, Mexico accounted for 1.8% 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 Latin America, Brazil medical affairs outsourcing market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 330.6 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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Mexico 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 36.54% in 2022. Horizon Databook has segmented the Mexico 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.
Mexico accounts for the second-largest pharmaceutical market in Latin America and is also expected to showcase significant growth in the regulatory affairs outsourcing market during the forecast period. According to a report by Deloitte, 80.0% of pharmaceutical sales are from domestic production as of 2014 and it also has a major export industry that caters to regions like the U.S., Venezuela, and Brazil owing to free trade agreements.
Low cost of manufacturing is expected to attract global biopharmaceutical companies in this region, thereby increasing the demand for medical affairs services. Proximity with the U.S. is also expected to reduce the monitoring cost of biopharmaceutical companies. This trend is expected to contribute significantly to the growth of medical affairs outsourcing market in this region.
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Target buyers of Mexico 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 Mexico medical affairs outsourcing market , including forecasts for subscribers. This country databook contains high-level insights into Mexico medical affairs outsourcing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico medical affairs outsourcing market size, by services, 2018-2030 (US$M)
Mexico Medical Affairs Outsourcing Market Outlook Share, 2022 & 2030 (US$M)
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