The medical writing market was valued at US$ 2,322.40 million in 2019 and is projected to reach US$ 3,981.8 million by 2027; it is expected to grow at a CAGR of 7.0% during the forecast period.
Medical writing is a form of communication of clinical as well as scientific information and data to a broad range of audiences; the said content is communicated in different formats. Medical writers combine their expertise in science and their research skills with an understanding of how to present information and pitch it right for the intended audience. It is an integral part in the development drugs and is employed in contract research organizations (CROs), pharmaceutical companies, and communications agencies. Medical writing is employed by pharmaceutical companies to get their products registered with international regulatory authorities. It involves preparing various medical documents for regulatory submissions, including protocols and final reports for clinical trials, and clinical expert reports.
An upsurge in the demand for regulatory framework in pharmaceuticals and biopharmaceuticals industries is a major factors propelling the growth of the medical writing market. To grant approval for any product, regulatory authorities demand detailed methodologies for all the phases of product development. The medical writers who are involved in medical writing understand the requirements and expectations of the regulatory agencies, and they are exposed to different tasks that offer valuable insights in protocol design. The data generated from the clinical trial reflect all the required information about product labeling, provide summaries for statistical and highly complex data, and proffer suggestions for process improvements. The information contained in the medical writings should clear and sound to ensure its easy spread around the audience, and for this reason, the medical writers enhance the speed and quality of specific documentation. The medical writing market based on type is segmented into clinical writing, regulatory writing, scientific writing, and others. On the basis of application, the market is segmented into medical journalism, medical education, medico marketing, and others. The medical writing market based on end user is segmented into pharmaceuticals and biotechnology companies, and contract research organizations (CROs).
North America is expected to be the largest shareholder in the global medical writing market. For the FDA approval in the US, medical writing requires a deep understanding of the requirement laid down by regulatory authorities. The documents for FDA submission need to be accurate and concise. The Canadian Minister of Small Business and Exports Promotion recently announced the investment in Everest Clinical Research through the Women Entrepreneurship Fund (WEF). North America is the major stakeholder in the CRO market owing to factors such as the robust growth of the pharmaceutical market, availability of advanced technologies, and high quality standards of the pharmaceuticals and biopharmaceuticals industries. The growth of the market in North America is attributed to the presence of a large number of pharmaceuticals companies and extensive drug development activities in the US. However, the use of low-cost offshore locations for CRO activities by several US pharmaceutical companies results in differences between consumption and production.
The COVID-19 pandemic first began in Wuhan (China) in December 2019, and since then it has spread worldwide at a fast pace. China, Italy, Iran, Spain, the Republic of Korea, France, Germany, and the US are among the most affected countries in terms of confirmed cases and reported deaths as of May 2020. COVID-19 has affected economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Healthcare is one of the major sectors in the world suffering serious disruptions such as supply chain breaks, disruptions in manufacturing and office shutdowns due to lockdown. For instance, China is the global hub of manufacturing and the largest raw material supplier for various industries. The shutdown of various plants and factories in regions such as Asia Pacific and Europe is affecting the global supply chains, hampering the manufacturing and delivery schedules, and sales of various goods.
Global Medical Writing Market
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Market Insights
Upsurge in demand for regulatory framework in pharmaceuticals and biopharmaceuticals industries drives market growth
Regulatory authorities demand detailed methodologies for all the phases of product development to methodically approve any product, which makes the process tedious. Moreover, insurance providers require all necessary information about drugs for determining reimbursement policies. Therefore, it becomes a challenging task for pharmaceuticals and biopharmaceuticals companies to keep up with the industry norms. The companies, along with CROs, are challenged to identify the improvements in processes to convey the information to the responsible regulatory agency. Therefore, these industries employ medical writers to ensure a systematic process of documentation. The medical writers understand the requirements and expectations of the regulatory agencies, and they are exposed to different tasks that offer valuable insights in protocol design. The data generated from clinical trials reflect all the required information about product labeling, provide summaries for statistical and highly complex data, and proffer suggestions for process improvements. The information contained in the medical writing should be put up is clear context to ensure its easy spread around the audience; for this, the medical writers enhance the speed and quality of specific documentation. They also clarify the uncertainties regarding regulatory requirements.
Type Insights
Based on product type, the global medical writing market is segmented into clinical writing, regulatory writing, scientific writing, and others. The clinical writing segment held the largest share of the global medical writing market in 2018. Clinical writing is a specialized medical writing adopted by healthcare professionals on a daily basis, and it contains factual information. Clinical writing involves essential, accurate, and specific information on patient conditions, diagnostics procedures, treatments, and prognoses. Clinical writing differs from other types of medical writing as it revolves around patient care. It also has legal implications and can be used as evidence in malpractice or negligence lawsuits. It is written briefly in a cryptic form, and in the cases of charting, it is rarely presented using proper or complete sentence structures. The primary purpose of clinical writing is to form communication between members of the healthcare teams, including unit clerks, laboratory technicians, therapists, care aides, nurses, and doctors. The growing importance of clinical writing in preclinical research, regulatory affairs, clinical laboratory, and data management has spurred the demand for global medical writing services.
Global Medical Writing Market, by Type - 2018 and 2027
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Application Insights
Based on application, the global medical writing market is segmented into medical journalism, medical education, medico marketing, and others. Medical education held a larger share of the global medical writing market in 2018. Medical education refers to providing education or training of unbiased medical and scientific content. It is a spectrum of medical education activities that spans from purely educational to promotional. Medical education has managed to maintain its role as a mainstay medical communication tool till now. The medical education is targeted toward physicians as well as patients. It is targeted at physicians includes medical literature, textbooks, medical journals, e-learning modules, slide decks, continued education (CE) programs, continued medical education (CME) programs, etc. However, medical education targeted at patients mostly includes patient educational material.
End User Insights
Based on end user, the global medical writing market is segmented into pharmaceutical and biotechnology companies, and contract research organizations (CROs). The pharmaceutical and biotechnology companies segment led the medical writing market with a larger share in 2018, and it is further expected to continue its dominance during the forecast period. Medical writing in pharmaceutical and biotechnology companies involves the development of research papers, conference writings, and review papers. Usually skilled writers are hired for the writing. Medical writing plays an important role in pharmaceutical companies as the companies are efficiently trying to bring new medicines into the market. Good medical writing helps in quality clinical trial conduct, cleat trial objectives, and optimal product labeling, which together ensure systematic conduct and product promotion. Medical writing in the pharmaceuticals and biotechnology companies is accurate and complete, and is less likely to be retracted.
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Medical Writing Market: Strategic Insights
Market Size Value in US$ 2,322.40 Million in 2019 Market Size Value by US$ 3,981.8 Million by 2027 Growth rate CAGR of 7.0% from 2020-2027 Forecast Period 2020-2027 Base Year 2020
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Medical Writing Market: Strategic Insights
| Market Size Value in | US$ 2,322.40 Million in 2019 |
| Market Size Value by | US$ 3,981.8 Million by 2027 |
| Growth rate | CAGR of 7.0% from 2020-2027 |
| Forecast Period | 2020-2027 |
| Base Year | 2020 |
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Cactus Communications, Certara., Covance, Freyr Solutions, Inclin Inc., Parexel International Corporation., Quanticate, Siro Clinpharm Private Limited, Synchrogenix, and Triology Writing and Consultancy GMBH are among the key players operating in the global medical writing market. These companies are implementing new product developments, and mergers and acquisitions strategies to enlarge their customer base and gain significant share in the global market, which, in turn, permits them to maintain their brand name globally.
Medical writing Market, by Type
- Clinical Writing
- Regulatory Writing
- Scientific Writing
- Others
Medical writing Market, by Application
- Medical Journalism
- Medical Education
- Medico Marketing
- Others
Medical writing Market, by End User
- Pharmaceutical and Biotechnology Companies
- Contract Research Organizations (CROs)
Company Profiles
- Cactus Communications
- Certara
- Covance
- Freyr Solutions
- Inclin Inc.
- Parexel International Corporation
- Quanticate
- Siro Clinpharm Private Limited
- Synchrogenix
- Triology Writing and Consultancy GMBH
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Type ; Application ; End User ; and Geography
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Saudi Arabia, South Africa, South Korea, Spain, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
The growth of the clinical writing segment is primarily attributed to the fact that the Clinical writing is a specialized medical writing which is used by health professionals on a daily basis. It contains factual information. Clinical writing imparts essential, accurate, and specific information on patient conditions, diagnostics procedures, treatments, and prognoses. Clinical writing differs from other kinds of medical writing as it is concerns with patient care. It also has legal implications and can be used as evidence in malpractice or negligence lawsuits. It is written briefly in a cryptic form and in the cases of charting rarely comprises of proper or complete sentence structures. The primary purpose of clinical writing is to form communication between members of the healthcare team including unit clerks, laboratory technicians, therapists, care aides, nurses, and doctors.
In 2018, the medical writing market was predominant in North America at the global level. The North America Medical Writing market comprises of US, Canada, and Mexico. Medical writing in the U.S for FDA approval requires a deep understanding of the requirement laid down by regulatory authorities. The documents for FDA submission need to be accurate and concise. Canadian Minister of Small Business and Exports Promotion Mary Ng recently announced the investment in Everest Clinical Research through the Women Entrepreneurship Fund (WEF). North America is the major stakeholder in the medical writing market followed by Europe owing to factors such as increasing growth of the pharmaceutical market, availability of advanced technologies and high-quality standards of pharma and biopharma industry.
The major players operating in the global medical writing market are Cactus Communications, Certara, Covance, Freyr Solutions, Inclin Inc., Parexel International Corporation., Quanticate, Siro Clinpharm Private Limited, Synchrogenix, and Triology Writing and Consultancy GMBH among many others.
The List of Companies - Medical Writing Market
- Cactus Communications
- Certara
- Covance
- Freyr Solutions
- InClin Inc
- Parexel International Corporation
- Quanticate
- SIRO Clinpharm Private Limited
- Synchrogenix
- Trilogy Writing and Consulting GmbH
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Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
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The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
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