U.S. Medical Affairs Outsourcing Market Size & Outlook
U.S. medical affairs outsourcing market, 2018-2030 (US$M)
Related Markets
U.S. medical affairs outsourcing market highlights
- The U.S. medical affairs outsourcing market generated a revenue of USD 515.1 million in 2022 and is expected to reach USD 1,404.6 million by 2030.
- The U.S. market is expected to grow at a CAGR of 13.4% 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 515.1 million |
| Market revenue in 2030 | USD 1,404.6 million |
| Growth rate | 13.4% (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, U.S. accounted for 30.3% 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 North America, U.S. medical affairs outsourcing market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 1,404.6 million by 2030.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Medical Affairs Outsourcing Market Scope
Medical Affairs Outsourcing Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
U.S. 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 33.39% in 2022. Horizon Databook has segmented the U.S. 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.
U.S. was the largest market in the North American region and contributed to more than 85.5% of the market share in 2020. This is attributed to the increasing number of clinical trials being performed in the U.S. As per the PhRMA, there are 4,516 clinical trials in the U.S. with 9, 20,172 participants and USD 15.2 billion investments at clinical trial sites.
Besides, biopharmaceutical industry in the U.S. has been the world leader in the development of new medicines. Besides, the U.S. accounts for a major share of clinical trial applications across the globe with 33.0% of total clinical trial applications being filed within the country in the year 2014-2016.
Big biopharmaceutical & medical device companies are outsourcing part of their medical functions such as report writing & publishing and clinical trial application services to service providers, thereby contributing to the growth of medical affairs outsourcing market in the U.S.
Reasons to subscribe to U.S. medical affairs outsourcing market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of U.S. 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 U.S. medical affairs outsourcing market , including forecasts for subscribers. This country databook contains high-level insights into U.S. medical affairs outsourcing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
U.S. medical affairs outsourcing market size, by services, 2018-2030 (US$M)
U.S. Medical Affairs Outsourcing Market Outlook Share, 2022 & 2030 (US$M)
Related industry reports
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
