Europe medical Writing Market Forecast to 2027 – COVID-19 Impact and Regional Analysis –By Type (Clinical Writing, Regulatory Writing, Scientific Writing, and Others); Application (Medical Journalism, Medical Education, Medico Marketing, and Others); End User (Pharmaceutical and Biotechnology Companies, Contract Research Organizations (CROs), and Others); and Country
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The Europe medical writing market is expected to reach US$ 1,114.92 million in 2027 from US$ 655.84 million in 2019. The market is estimated to grow with a CAGR of 6.9% from 2020-2027.
Medical writers apply the principles of clinical research while developing clinical trial documents that provide details on research results, product use, and other medical information. The medical writers also ensure that their documents comply with regulatory, journal, or other guidelines in terms of content, structure, and format. The need for medical writing in medical education, regulation, and industrialfieldsis rising. Further, the demand for medical writing is growing due to increasing number of drugs, biomedical, and other pharmaceutical product launches.The scope of the Europe medical Writing market includestype, application, end-user, and region.
Germany Medical Writing Market Revenue and Forecasts to 2027 (US$ MN)
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Market Insights-
Increased Development in Drug Discovery
The current clinical drug development framework has generated many innovative medicines whose safety, quality and efficacy have been demonstrated by the manufacturer and evaluated by the competent regulatory authorities. In the European Union, the Committee for Human Medicinal Products of the European Medicines Agency (EMA) assesses registration dossiers submitted by pharmaceutical companies for health technologies that are subject to the so-called centralized procedure, which, if completed successfully, grants the applicant a marketing authorization across all Member States (Scholz, 2015). As per the State of Discovery Nation report published in 2019 by the Medicines Discovery Catapult and Bio-industry Association, drug discovery in the UK is a large, vibrant, and growing sector. The role of regulatory medical writing starts here as they are responsible for preparing formal and scientific documents that the pharmaceutical companies in the UK will require during the development of drugs. Such reports are necessary to support drug development and are required by the drug licensing authorities like the European Medical Agency (EMA) and the US Food and Drug Administration (FDA). Thus, with an increase in development in drug discovery, the requirement for medical writers is increasing, thereby boosting the market growth.
Type- Based Market Insights
Based on type,themedical writing marketis segmented into clinical writing, regulatory writing, scientific writing, and others. The clinical writing segment held the largest share of the market in 2019, whereasthe regulatory writing segment is anticipated to register the highest CAGR in the market during the forecast period.
Europe Medical Writing Market, by Type – 2019 and 2027
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Application- Based Market Insights
Based on application, the medical writing market, is segmented into medical journalism, medical education, medico marketing, and others. The medical education segment held the largest share of the market in 2019, whereas themedico marketing segment is anticipated to register the highest CAGR in the market during the forecast period.
End-User - Based Market Insights
Based on end-user, the medical writing market, is segmented into pharmaceutical and biotechnological companies, contract research organizations (CROs), others. The pharmaceutical and biotechnological segment held the largest share of the market in 2019, also the same segment is anticipated to register the highest CAGR in the market during the forecast period.
Strategic Insights
Product launches and approvals are commonly adopted strategies by companies to expand their footprint worldwide and meet the growing demand. The players operating in the medical writing market adopt the expansion, collaboration, and product launch strategies to enlarge customer base across the world. These strategies allow the players to maintain their brand name globally. For instance, in March 2018, Parexel International Corporation introduced PAREXEL's Medical Writing Solutions, a newly integrated, end-to-end offering that provides a wide variety of communication services needed throughout each critical stage of the drug development and commercialization process.
EUROPEMEDICAL WRITING MARKET SEGMENTATION
By Type
- Clinical Writing
- Regulatory Writing
- Scientific Writing
- Others
By Application
- Medical Journalism
- Medical Education
- Medico Marketing
- Others
By End User
- Pharmaceutical and Biotechnology Companies
- Contract Research Organizations (CROs)
- Others
By Country
- Europe
- Germany
- France
- UK
- Spain
- Italy
Company Profiles
- Cactus Communications
- Certara
- Covance
- Freyr Solutions
- Parexel International Corporation
- Quanticate
- Synchrogenix
- Trilogy Writing & Consulting GmbH
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