Spain Medical Affairs Outsourcing Market Size & Outlook

The medical affairs outsourcing market in Spain is expected to reach a projected revenue of US$ 30.9 million by 2030. A compound annual growth rate of 10.3% is expected of Spain medical affairs outsourcing market from 2023 to 2030.
Revenue, 2022 (US$M)
$14.1
Forecast, 2030 (US$M)
$30.9
CAGR, 2023 - 2030
10.3%
Report Coverage
Spain

Spain medical affairs outsourcing market, 2018-2030 (US$M)

Spain

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 2022USD 14.1 million
Market revenue in 2030USD 30.9 million
Growth rate10.3% (CAGR from 2022 to 2030)
Largest segmentMedical writing & publishing
Fastest growing segmentMedical Science Liaisons (MSLs)
Historical data2018 - 2021
Base year2022
Forecast period2023 - 2030
Quantitative unitsRevenue in USD million
Market segmentationMedical Writing & Publishing, Medical Monitoring, Medical Science Liaisons (MSLs), Medical Information
Key market players worldwideIQVIA 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 Companies

Name Profile # Employees HQ Website

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

  • Our clientele includes a mix of medical affairs outsourcing market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
  • Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
  • 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)

Spain medical affairs outsourcing market size, by services, 2018-2030 (US$M)

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