Saudi Arabia Medical Affairs Outsourcing Market Size & Outlook
Saudi Arabia medical affairs outsourcing market, 2018-2030 (US$M)
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Saudi Arabia medical affairs outsourcing market highlights
- The Saudi Arabia medical affairs outsourcing market generated a revenue of USD 32.0 million in 2022 and is expected to reach USD 80.1 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 12.2% 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 32.0 million |
| Market revenue in 2030 | USD 80.1 million |
| Growth rate | 12.2% (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, Saudi Arabia accounted for 1.9% 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 Middle East & Africa, South Africa medical affairs outsourcing market is projected to lead the regional market in terms of revenue in 2030.
- UAE is the fastest growing regional market in Middle East & Africa and is projected to reach USD 71.0 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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Saudi Arabia 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 36.56% in 2022. Horizon Databook has segmented the Saudi Arabia 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.
Saudi Arabia is one of the biggest pharmaceutical markets in Middle East region. The biopharmaceutical market is expected to grow with advancements in technology and government initiatives to promote private healthcare. The major cause of concern is shortage of healthcare professionals for which the government is planning to increase the budget for health and social welfare.
Advancements in technology, increase in prevalence of chronic diseases, and quicker regulatory approvals as compared to countries like China, India, & Brazil are expected to contribute to the growth of number of clinical trials conducted in the region, thereby increasing the demand for medical affair 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 Saudi Arabia medical affairs outsourcing market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia medical affairs outsourcing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia medical affairs outsourcing market size, by services, 2018-2030 (US$M)
Saudi Arabia Medical Affairs Outsourcing Market Outlook Share, 2022 & 2030 (US$M)
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