Global Medical Writing Market Size & Outlook, 2023-2030
Global medical writing market, 2018-2030 (US$M)
Related Markets
Global medical writing market highlights
- The global medical writing market generated a revenue of USD 4,175.7 million in 2023 and is expected to reach USD 8,381.0 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 10.5% by 2030.
- In terms of segment, clinical writing accounted for a revenue of USD 1,582.3 million in 2023.
- Regulatory Writing is the most lucrative type segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2023.
- Country-wise, Argentina is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 4,175.7 million |
| Market revenue in 2030 | USD 8,381.0 million |
| Growth rate | 10.5% (CAGR from 2023 to 2030) |
| Largest segment | Clinical writing |
| Fastest growing segment | Regulatory Writing |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Clinical Writing, Regulatory Writing, Scientific Writing |
Other key industry trends
- In terms of revenue, the North America accounted for 35.1% of the global medical writing market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Argentina is the fastest growing regional market and is projected to reach USD 21.1 million by 2030.
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Medical Writing Market Scope
Medical Writing Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global medical writing 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 writing market will help companies and investors design strategic landscapes.
Clinical writing was the largest segment with a revenue share of 37.89% in 2023. Horizon Databook has segmented the Global medical writing market based on clinical writing, regulatory writing, scientific writing covering the revenue growth of each sub-segment from 2018 to 2030.
Majority of the manufacturers of drugs, medical devices, and biotechnology-based products outsource clinical services. Outsourcing of clinical services has become an integral part from early discovery stage to postmarketing surveillance. Some of the factors responsible for rising preference for outsourcing are cost-effectiveness, domain expertise, and reduced burden on company management.
Outsourcing clinical services result in decreased fixed costs, which ultimately helps save time in the long run. Regulatory agencies require detailed methodologies for all phases of product development for approval, which makes the process tedious. In addition, insurance providers demand information about drugs for determining reimbursement policies.
Hence, it has become challenging for pharmaceutical companies to keep up with industry norms. Pharmaceutical biotechnology companies prefer transactional outsourcing wherein research organizations perform entire functions of clinical trials such as site monitoring, study management, data management, biostatistics, and medical writing.
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Target buyers of Global medical writing market databook
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Our clientele includes a mix of medical writing 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 global-level data and insights on the Global medical writing market , including forecasts for subscribers. This global databook contains high-level insights into Global medical writing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global medical writing market size, by regions, 2018-2030 (US$M)
Top 10 countries: Medical writing market size, 2023 (US$M)
Global medical writing market share, by type, 2023 & 2030 (%, US$M)
Medical writing market: Opportunity assessment by country
Global medical writing market, by region, 2023 (US$M)
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