New

Asia-Pacific Medical Affairs Outsourcing Market

2021

Asia-Pacific Medical Affairs Outsourcing Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Services (Medical Writing and Publishing, Medical Monitoring, Medical Science Liaisons (MSLs), Medical Information, and Others) and Application (Pharmaceutical, Biopharmaceutical, and Medical Devices)

Publication Month: Oct 2021 | Report Code: TIPRE00025181 | No. of Pages: 134 | Category: Healthcare IT | Status: Published

Market Insights

Asia-Pacific Medical Affairs Outsourcing Market to Grow at a CAGR of 11.8% to reach US$ 776.42 million from 2020 to 2027

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The medical affairs outsourcing market in APAC is expected to grow from US$ 356.69 million in 2020 to US$ 776.42 million by 2027; it is estimated to grow at a CAGR of 11.8% from 2020 to 2027.


Australia, China, India, Japan, and South Korea are major economies in APAC. Rising market collaboration is the major factor driving the growth of the APAC medical affairs outsourcing market. The contract research organization (CRO) services’ industry is highly fragmented, with several hundred small and medium-sized limited-service providers, and a small number of large, full-service, APAC CROs. There are few barriers to entry for smaller CROs into the APAC market, whereas a full-service CRO with APAC capabilities requires building the necessary infrastructure with the ability to simultaneously manage multiple complex testing services across numerous geographies, establishing the requisite relationships with strategic partners, developing relevant therapeutic and development of expertise to serve the needs of the end users. Over the past few years, the consolidation across the industry is an emerging trend followed by the majority of the prime players to strengthen their service offerings and garner the major market share in the APAC CRO market. For instance, For instance, Parexel International Corp. acquired The Medical Affairs Company in 2017. This has led to the generation of larger CROs with the wide geographic diversification, extensive therapeutic and development expertise, enormous capital and technical resources to manage the demanding drug development programs, medical device designing and research as well as management of regulatory affairs for pharmaceutical and biopharmaceutical companies.

Countries in APAC are facing an increasing incidence of COVID-19. Currently, India is the second worst-hit country worldwide. The COVID-19 pandemic has severely impacted the region; however, it has also allowed stakeholders to realign their future path based on strategic intent and focus. India and China are the most preferred destinations for outsourcing, where a large pool of skilled labor is available at a lower cost. With the increasing pressure to reduce manufacturing costs and accelerate time-to-market, many devices and diagnostics companies are looking to conduct clinical trial operations in APAC. Countries such as China, Japan, Singapore, and South Korea are seeing an increased interest in clinical trials. High costs in western countries are also contributing to the flow of medical affairs outsourcing to APAC. To expand sales to the Asian market, pharmaceutical companies are becoming aware of new and changing regulatory environments for drugs, devices, and in-vitro diagnostics. New or improved regulations are implemented frequently in Asia, including changes in GMP standards, drug price controls, and medical device regulatory systems. Third-party guidance and advice are required as part of any acquisition or any improvement of current standards. Increasingly, third-party outsourcing service providers are playing a greater role in supporting and managing the delivery of the key business functions like drug development, sales and marketing, and regulatory compliance services in APAC.

With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the APAC medical affairs outsourcing market. The APAC medical affairs outsourcing market is expected to grow at a good CAGR during the forecast period.

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APAC Medical Affairs Outsourcing Market Segmentation

APAC Medical Affairs Outsourcing Market – By Services

  • Medical Writing and Publishing
  • Medical Science Liaisons (MSLs)
  • Medical Information
  • Medical Monitoring
  • Others

APAC Medical Affairs Outsourcing Market – By Application

  • Pharmaceuticals
  • Medical Devices
  • Biopharmaceutical

APAC Medical Affairs Outsourcing Market, by Country

  • Australia
  • China
  • India
  • Japan
  • South Korea
  • Rest of APAC

APAC Medical Affairs Outsourcing Market - Companies Mentioned

  • ICON PLC
  • Indegene
  • IQVIA Inc
  • PAREXEL INTERNATIONAL CORPORATION
  • PPD Inc
  • Syneos Health
  • UDG Healthcare plc.
  • WuXi AppTec

1. Introduction

1.1 Scope of the Study

1.2 The Insight Partners Research Report Guidance

1.3 Market Segmentation

1.3.1 APAC Medical Affairs Outsourcing Market – By Services

1.3.2 APAC Medical Affairs Outsourcing Market – By Application

1.3.3 APAC Medical Affairs Outsourcing Market – By Country

2. APAC Medical Affairs Outsourcing Market – Key Takeaways

3. Research Methodology

3.1 Coverage

3.2 Secondary Research

3.3 Primary Research

4. APAC Medical Affairs Outsourcing– Market Landscape

4.1 Overview

4.2 APAC PEST Analysis

4.3 Expert Opinions

5. APAC Medical Affairs Outsourcing Market – Key Industry Dynamics

5.1 Market Drivers

5.1.1 APAC Witnessing High Clinical Trials

5.1.2 Outsourcing Activities Getting Recognition Coupled with Increasing R&D Expenditures

5.2 Market Restraints

5.2.1 Significant Expense in Drug Development and Clinical Trials

5.3 Market Opportunities

5.3.1 Increasing Opportunities in Emerging Economies

5.4 Future Trends

5.4.1 Rising Market Collaboration

5.5 Impact Analysis of Drivers and Restraints

6. Medical Affairs Outsourcing Market – APAC Analysis

6.1 APAC Medical Affairs Outsourcing Market Revenue Forecast and Analysis

7. APAC Medical Affairs Outsourcing Market Analysis – By Services

7.1 Overview

7.2 APAC Medical Affairs Outsourcing Market Revenue Share, by Services (2019 and 2027)

7.3 Medical Writing and Publishing

7.3.1 Overview

7.3.2 Medical Writing and Publishing: Medical Affairs Outsourcing Market – Revenue and Forecast to 2027 (US$ Million)

7.4 Medical Monitoring

7.4.1 Overview

7.4.2 Medical Monitoring: Medical Affairs Outsourcing Market – Revenue and Forecast to 2027 (US$ Million)

7.5 Medical Science Liaisons (MSLs)

7.5.1 Overview

7.5.2 Medical Science Liaisons: Medical Affairs Outsourcing Market – Revenue and Forecast to 2027 (US$ Million)

7.6 Medical Information

7.6.1 Overview

7.6.2 Medical Information: Medical Affairs Outsourcing Market – Revenue and Forecast to 2027 (US$ Million)

7.7 Others

7.7.1 Overview

7.7.2 Others: Medical Affairs Outsourcing Market – Revenue and Forecast to 2027 (US$ Million)

8. APAC Medical Affairs Outsourcing Market Analysis – By Application

8.1 Overview

8.2 APAC Medical Affairs Outsourcing Market Share, by Application, 2019 and 2027, (%)

8.3 Pharmaceutical

8.3.1 Overview

8.3.2 Pharmaceutical: Medical Affairs Outsourcing Market – Revenue and Forecast to 2027 (US$ Million)

8.4 Biopharmaceutical

8.4.1 Overview

8.4.2 Biopharmaceutical: Medical Affairs Outsourcing Market – Revenue and Forecast to 2027 (US$ Million)

8.5 Medical Devices

8.5.1 Overview

8.5.2 Medical Devices: Medical Affairs Outsourcing Market – Revenue and Forecast to 2027 (US$ Million)

8.5.3 Therapeutic Medical Devices

8.5.3.1 Overview

8.5.3.2 Therapeutic Medical Devices: Medical Affairs Outsourcing Market– Revenue and Forecast to 2027 (USD Million)

8.5.4 Diagnostic Medical Devices

8.5.4.1 Overview

8.5.4.2 Diagnostic Medical Devices: Medical Affairs Outsourcing Market– Revenue and Forecast to 2027 (USD Million)

9. APAC Medical Affairs Outsourcing Market – Country Analysis

9.1 Overview

9.1.1 APAC: Medical Affairs Outsourcing Market, by Country, 2019 & 2027 (%)

9.1.2 China: Medical Affairs Outsourcing Market – Revenue and Forecast to 2027 (USD Million)

9.1.2.1 China: Medical Affairs Outsourcing Market – Revenue and Forecast to 2027 (USD Million)

9.1.2.2 China: Medical Affairs Outsourcing Market, by Services, 2018–2027 (USD Million)

9.1.2.3 China: Medical Affairs Outsourcing Market, by Application, 2018–2027 (USD Million)

9.1.2.3.1 China: Medical Device Market, by Type, 2018–2027 (USD Million)

9.1.3 Japan: Medical Affairs Outsourcing Market – Revenue and Forecast to 2027 (USD Million)

9.1.3.1 Japan: Medical Affairs Outsourcing Market – Revenue and Forecast to 2027 (USD Million)

9.1.3.2 Japan: Medical Affairs Outsourcing Market, by Services, 2018–2027 (USD Million)

9.1.3.3 Japan: Medical Affairs Outsourcing Market, by Application, 2018–2027 (USD Million)

9.1.3.3.1 Japan: Medical Device Market, by Type, 2018–2027 (USD Million)

9.1.4 India: Medical Affairs Outsourcing Market – Revenue and Forecast to 2027 (USD Million)

9.1.4.1 India: Medical Affairs Outsourcing Market – Revenue and Forecast to 2027 (USD Million)

9.1.4.2 India: Medical Affairs Outsourcing Market, by Services, 2018–2027 (USD Million)

9.1.4.3 India: Medical Affairs Outsourcing Market, by Application, 2018–2027 (USD Million)

9.1.4.3.1 India: Medical Device Market, by Type, 2018–2027 (USD Million)

9.1.5 South Korea: Medical Affairs Outsourcing Market – Revenue and Forecast to 2027 (USD Million)

9.1.5.1 South Korea: Medical Affairs Outsourcing Market – Revenue and Forecast to 2027 (USD Million)

9.1.5.2 South Korea: Medical Affairs Outsourcing Market, by Services, 2018–2027 (USD Million)

9.1.5.3 South Korea: Medical Affairs Outsourcing Market, by Application, 2018–2027 (USD Million)

9.1.5.3.1 South Korea: Medical Device Market, by Type, 2018–2027 (USD Million)

9.1.5.4 Australia: Medical Affairs Outsourcing Market – Revenue and Forecast to 2027 (USD Million)

9.1.5.5 Australia: Medical Affairs Outsourcing Market – Revenue and Forecast to 2027 (USD Million)

9.1.5.6 Australia: Medical Affairs Outsourcing Market, by Services, 2018–2027 (USD Million)

9.1.5.7 Australia: Medical Affairs Outsourcing Market, by Application, 2018–2027 (USD Million)

9.1.5.7.1 Australia: Medical Device Market, by Type, 2018–2027 (USD Million)

9.1.6 Rest of APAC: Medical Affairs Outsourcing Market – Revenue and Forecast to 2027 (USD Million)

9.1.6.1 Rest of APAC: Medical Affairs Outsourcing Market – Revenue and Forecast to 2027 (USD Million)

9.1.6.2 Rest of APAC: Medical Affairs Outsourcing Market, by Services, 2018–2027 (USD Million)

9.1.6.3 Rest of APAC: Medical Affairs Outsourcing Market, by Application, 2018–2027 (USD Million)

9.1.6.3.1 Rest of APAC: Medical Device Market, by Type, 2018–2027 (USD Million)

10. Impact of COVID-19 Pandemic on APAC Medical Affairs Outsourcing Market

10.1 APAC: Impact Assessment of COVID-19 Pandemic

11. Medical Affairs Outsourcing Market– Industry Landscape

11.1 Overview

11.2 Growth Strategies Done by the Companies in the Market, (%)

11.3 Organic Developments

11.3.1 Overview

11.4 Inorganic Developments

11.4.1 Overview

12. Company Profiles

12.1 ICON PLC

12.1.1 Key Facts

12.1.2 Business Description

12.1.3 Products and Services

12.1.4 Financial Overview

12.1.5 SWOT Analysis

12.1.6 Key Developments

12.2 IQVIA Inc.

12.2.1 Key Facts

12.2.2 Business Description

12.2.3 Products and Services

12.2.4 Financial Overview

12.2.5 SWOT Analysis

12.2.6 Key Developments

12.3 Syneos Health

12.3.1 Key Facts

12.3.2 Business Description

12.3.3 Products and Services

12.3.4 Financial Overview

12.3.5 SWOT Analysis

12.3.6 Key Developments

12.4 WuXi AppTec

12.4.1 Key Facts

12.4.2 Business Description

12.4.3 Products and Services

12.4.4 Financial Overview

12.4.5 SWOT Analysis

12.4.6 Key Developments

12.5 PPD Inc.

12.5.1 Key Facts

12.5.2 Business Description

12.5.3 Products and Services

12.5.4 Financial Overview

12.5.5 SWOT Analysis

12.5.6 Key Developments

12.6 PAREXEL INTERNATIONAL CORPORATION

12.6.1 Key Facts

12.6.2 Business Description

12.6.3 Products and Services

12.6.4 Financial Overview

12.6.5 SWOT Analysis

12.6.6 Key Developments

12.7 Indegene

12.7.1 Key Facts

12.7.2 Business Description

12.7.3 Products and Services

12.7.4 Financial Overview

12.7.5 SWOT Analysis

12.7.6 Key Developments

12.8 UDG Healthcare plc

12.8.1 Key Facts

12.8.2 Business Description

12.8.3 Products and Services

12.8.4 Financial Overview

12.8.5 SWOT Analysis

12.8.6 Key Developments

13. Appendix

13.1 About The Insight Partners

13.2 Glossary of Terms

LIST OF TABLES

Table 1. China Medical Affairs Outsourcing Market, by Services – Revenue and Forecast to 2027 (USD Million)

Table 2. China Medical Affairs Outsourcing Market, by Application – Revenue and Forecast to 2027 (USD Million)

Table 3. China Medical Device Market, by Type – Revenue and Forecast to 2027 (USD Million)

Table 4. Japan Medical Affairs Outsourcing Market, by Services – Revenue and Forecast to 2027 (USD Million)

Table 5. Japan Medical Affairs Outsourcing Market, by Application – Revenue and Forecast to 2027 (USD Million)

Table 6. Japan Medical Device Market, by Type – Revenue and Forecast to 2027 (USD Million)

Table 7. India Medical Affairs Outsourcing Market, by Services – Revenue and Forecast to 2027 (USD Million)

Table 8. India Medical Affairs Outsourcing Market, by Application – Revenue and Forecast to 2027 (USD Million)

Table 9. India Medical Device Market, by Type – Revenue and Forecast to 2027 (USD Million)

Table 10. South Korea Medical Affairs Outsourcing Market, by Services – Revenue and Forecast to 2027 (USD Million)

Table 11. South Korea Medical Affairs Outsourcing Market, by Application – Revenue and Forecast to 2027 (USD Million)

Table 12. South Korea Medical Device Market, by Type – Revenue and Forecast to 2027 (USD Million)

Table 13. Australia Medical Affairs Outsourcing Market, by Services – Revenue and Forecast to 2027 (USD Million)

Table 14. Australia Medical Affairs Outsourcing Market, by Application – Revenue and Forecast to 2027 (USD Million)

Table 15. Australia Medical Device Market, by Type – Revenue and Forecast to 2027 (USD Million)

Table 16. Rest of APAC Medical Affairs Outsourcing Market, by Services – Revenue and Forecast to 2027 (USD Million)

Table 17. Rest of APAC Medical Affairs Outsourcing Market, by Application – Revenue and Forecast to 2027 (USD Million)

Table 18. Rest of APAC Medical Device Market, by Type – Revenue and Forecast to 2027 (USD Million)

Table 19. Organic Developments Done By Companies

Table 20. Inorganic Developments Done By Companies

Table 21. Glossary of Terms, Medical Affairs Outsourcing Market

LIST OF FIGURES

Figure 1. APAC Medical Affairs Outsourcing Market Segmentation

Figure 2. APAC Medical Affairs Outsourcing Market, By Country

Figure 3. APAC Medical Affairs Outsourcing Market Overview

Figure 4. Medical Writing and Publishing Segment Held Largest Share of Services Segment In APAC Medical Affairs Outsourcing Market

Figure 5. India Is Expected to Show Remarkable Growth During the Forecast Period

Figure 6. APAC PEST Analysis

Figure 7. APAC Medical Affairs Outsourcing Market Impact Analysis of Driver and Restraint

Figure 8. APAC Medical Affairs Outsourcing Market – Revenue Forecast And Analysis – 2019- 2027

Figure 9. APAC Medical Affairs Outsourcing Market Revenue Share, by Services (2019 and 2027)

Figure 10. APAC Medical Writing and Publishing: Medical Affairs Outsourcing Market – Revenue and Forecast to 2027 (US$ Million)

Figure 11. APAC Medical Monitoring: Medical Affairs Outsourcing Market – Revenue and Forecast to 2027 (US$ Million)

Figure 12. APAC Medical Science Liaisons: Medical Affairs Outsourcing Market – Revenue and Forecast to 2027 (US$ Million)

Figure 13. APAC Medical Information: Medical Affairs Outsourcing Market – Revenue and Forecast to 2027 (US$ Million)

Figure 14. APAC Others: Medical Affairs Outsourcing Market – Revenue and Forecast to 2027 (US$ Million)

Figure 15. APAC Medical Affairs Outsourcing Market Share, by Application, 2019 and 2027 (%)

Figure 16. APAC Pharmaceutical: Medical Affairs Outsourcing Market – Revenue and Forecast to 2027 (US$ Million)

Figure 17. APAC Biopharmaceutical: Medical Affairs Outsourcing Market – Revenue and Forecast to 2027 (US$ Million)

Figure 18. APAC Medical Devices: Medical Affairs Outsourcing Market – Revenue and Forecast to 2027 (US$ Million)

Figure 19. APAC Therapeutic Medical Devices: Medical Affairs Outsourcing Market– Revenue and Forecast to 2027 (USD Million)

Figure 20. APAC Diagnostic Medical Devices: Medical Affairs Outsourcing Market– Revenue and Forecast to 2027 (USD Million)

Figure 21. APAC: Medical Affairs Outsourcing Market, by Key Country – Revenue (2019) (USD Million)

Figure 22. China: Medical Affairs Outsourcing Market – Revenue and Forecast to 2027 (USD Million)

Figure 23. Japan: Medical Affairs Outsourcing Market – Revenue and Forecast to 2027 (USD Million)

Figure 24. India: Medical Affairs Outsourcing Market – Revenue and Forecast to 2027 (USD Million)

Figure 25. South Korea: Medical Affairs Outsourcing Market – Revenue and Forecast to 2027 (USD Million)

Figure 26. Australia: Medical Affairs Outsourcing Market – Revenue and Forecast to 2027 (USD Million)

Figure 27. Rest of APAC: Medical Affairs Outsourcing Market – Revenue and Forecast to 2027 (USD Million)

Figure 28. Impact of COVID-19 Pandemic in APAC Country Markets

Figure 29. Growth Strategies Done by the Companies in the Market, (%)

  1. ICON PLC
  2. Indegene
  3. IQVIA Inc
  4. PAREXEL INTERNATIONAL CORPORATION
  5. PPD Inc
  6. Syneos Health
  7. UDG Healthcare plc.
  8. WuXi AppTec
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the APAC medical affairs outsourcing market
  • Highlights key business priorities in order to assist companies to realign their business strategies
  • The key findings and recommendations highlight crucial progressive industry trends in the APAC medical affairs outsourcing market, thereby allowing players across the value chain to develop effective long-term strategies
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth APAC market trends and outlook coupled with the factors driving the medical affairs outsourcing market, as well as those hindering it
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
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