UK Medical Affairs Outsourcing Market Size & Outlook
UK medical affairs outsourcing market, 2018-2030 (US$M)
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UK medical affairs outsourcing market highlights
- The UK medical affairs outsourcing market generated a revenue of USD 26.9 million in 2022 and is expected to reach USD 63.4 million by 2030.
- The UK market is expected to grow at a CAGR of 11.3% 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 26.9 million |
| Market revenue in 2030 | USD 63.4 million |
| Growth rate | 11.3% (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, UK accounted for 1.6% 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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UK 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 34.94% in 2022. Horizon Databook has segmented the UK 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.
The demand for pharmaceutical products and medical devices has grown considerably in the UK owing to increased healthcare expenditure in the country. Thus, various small- and midsized biopharmaceuticals and medical devices companies are striving to enter the UK, thereby boosting the demand for medical affairs services.
Thus, due to shortage of financial resources, these companies cannot establish a medical affairs department. In addition, presence of a well-established healthcare system and government support are among factors expected to result in an increase in the number of clinical trials in the country.
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Target buyers of UK 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 UK medical affairs outsourcing market , including forecasts for subscribers. This country databook contains high-level insights into UK medical affairs outsourcing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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UK medical affairs outsourcing market size, by services, 2018-2030 (US$M)
UK Medical Affairs Outsourcing Market Outlook Share, 2022 & 2030 (US$M)
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