South Africa Medical Affairs Outsourcing Market Size & Outlook
South Africa medical affairs outsourcing market, 2018-2030 (US$M)
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South Africa medical affairs outsourcing market highlights
- The South Africa medical affairs outsourcing market generated a revenue of USD 37.5 million in 2022 and is expected to reach USD 96.6 million by 2030.
- The South Africa market is expected to grow at a CAGR of 12.6% 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 37.5 million |
| Market revenue in 2030 | USD 96.6 million |
| Growth rate | 12.6% (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, South Africa accounted for 2.2% 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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South Africa 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 36.53% in 2022. Horizon Databook has segmented the South Africa 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.
South Africa is the largest market for pharmaceuticals in Sub-Saharan Africa region and has one of the most developed infrastructure and manufacturing facilities in the world. In addition, local presence of significant number of life sciences companies such as Adcock Ingram, Aspen Holdings, and Genius Biotherapeutics is anticipated to propel growth.
The government is planning to initiate new industrialization programs and policies such as the Ketlaphela project, which are likely to attract biopharmaceutical companies to this region, thereby contributing to the increasing demand for medical affair services. Currently, Medicines Control Council (MCC) is the primary regulatory agency and one of the major challenges faced is regulatory approval process, which takes very long time.
The 2015 Amendment has made a provision for the replacement of MCC by South African Health Product Regulatory Agency (SAHPRA), which will handle the regulatory approval processes related to the life sciences sector. This is expected to speed up the regulatory approval process, thereby resulting in increased number of clinical trials conducted in the region, and consequently raise the demand for regulatory affairs services by biopharmaceutical and medical device companies.
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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 South Africa medical affairs outsourcing market , including forecasts for subscribers. This country databook contains high-level insights into South Africa medical affairs outsourcing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa medical affairs outsourcing market size, by services, 2018-2030 (US$M)
South Africa Medical Affairs Outsourcing Market Outlook Share, 2022 & 2030 (US$M)
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