Spain Medical Affairs Outsourcing Market Size & Outlook
Spain medical affairs outsourcing market, 2018-2030 (US$M)
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Spain medical affairs outsourcing market highlights
- The Spain medical affairs outsourcing market generated a revenue of USD 14.1 million in 2022 and is expected to reach USD 30.9 million by 2030.
- The Spain market is expected to grow at a CAGR of 10.3% 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 14.1 million |
| Market revenue in 2030 | USD 30.9 million |
| Growth rate | 10.3% (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, Spain accounted for 0.8% 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 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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Spain 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 35.46% in 2022. Horizon Databook has segmented the Spain 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.
Spain is known for high-quality clinical research and the number of clinical trials being conducted in the country is increasing. The number of early-stage clinical trials is growing steadily in Spain and accounted for 50% of the total clinical trials in 2016. Most of the international sponsors are selecting Spain as a destination for clinical studies. This is expected to increase the demand for medical affairs service providers in the country.
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Target buyers of Spain 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 Spain medical affairs outsourcing market , including forecasts for subscribers. This country databook contains high-level insights into Spain medical affairs outsourcing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Spain medical affairs outsourcing market size, by services, 2018-2030 (US$M)
Spain Medical Affairs Outsourcing Market Outlook Share, 2022 & 2030 (US$M)
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