Canada Medical Writing Market Size & Outlook, 2023-2030
Canada medical writing market, 2018-2030 (US$M)
Related Markets
Canada medical writing market highlights
- The Canada medical writing market generated a revenue of USD 131.8 million in 2023 and is expected to reach USD 262.7 million by 2030.
- The Canada market is expected to grow at a CAGR of 10.4% from 2024 to 2030.
- In terms of segment, clinical writing was the largest revenue generating type in 2023.
- Regulatory Writing is the most lucrative type segment registering the fastest growth during the forecast period.
Medical writing market data book summary
| Market revenue in 2023 | USD 131.8 million |
| Market revenue in 2030 | USD 262.7 million |
| Growth rate | 10.4% (CAGR from 2023 to 2030) |
| Largest segment | Clinical writing |
| Fastest growing segment | Regulatory Writing |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Clinical Writing, Regulatory Writing, Scientific Writing |
| Key market players worldwide | PAREXEL, Indegene, FREYR Battery Inc, Cactus Inc Class A, Labcorp Drug Development, IQVIA Holdings Inc, Certara Inc Ordinary Shares |
Other key industry trends
- In terms of revenue, Canada accounted for 3.2% of the global medical writing market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. medical writing market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 262.7 million by 2030.
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Medical Writing Market Scope
Medical Writing Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Canada 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 37.41% in 2023. Horizon Databook has segmented the Canada medical writing market based on clinical writing, regulatory writing, scientific writing covering the revenue growth of each sub-segment from 2018 to 2030.
In 2018, according to Health Canada, 78 new drugs, out of which 40 were active substances, were approved. In addition, it approved 4 biosimilars and 135 new generic drugs. Moreover, it received about 1,091,696 postmarket adverse reaction reports. Rise in the number of approved drugs increases the requirement for postapproval documentation, resulting in high demand for medical writing services in Canada.
Health Canada is responsible for regulating drugs, medical devices, and clinical trials in the country. In accordance with Canada FDA, Health Canada regulates the clinical trial inspections and approvals in the country.
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Our clientele includes a mix of medical writing market companies, investment firms, advisory firms & academic institutions.
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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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Horizon Databook provides a detailed overview of country-level data and insights on the Canada medical writing market , including forecasts for subscribers. This country databook contains high-level insights into Canada medical writing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada medical writing market size, by type, 2018-2030 (US$M)
Canada Medical Writing Market Outlook Share, 2023 & 2030 (US$M)
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