Medical Writing Market Size - Growth, Share by 2031
The medical writing market was estimated to be US$ 3.44 billion in 2021 and US$ xx billion in 2023. It is expected to reach US$ 9.09 billion by 2031 and record a CAGR of 10.2% until 2031. Development of new regulatory writing, demand for specialized skills, and integration of AI and machine learning tools in medical writing will likely remain key medical writing market trends.
Medical Writing Market Analysis
Growing demand for regulatory framework in the pharmaceutical and biopharmaceutical industry is expected to grow the medical writing market. Regulatory authorities require detailed methodologies for all the phases of product development to get approval for any product in the pharmaceutical and biopharmaceutical industries. This makes the process tedious. Insurance providers demand all necessary information about drugs to determine reimbursement policies. Therefore, it becomes challenging for pharmaceutical and biopharmaceutical companies to keep up with the industry norms. Therefore, the pharmaceutical and biopharmaceutical industries employ medical writers. The medical writers understand the expectations and requirements of the regulatory agencies, and are exposed to different tasks that offer valuable insights into protocol design.
Medical Writing Market Overview
The global medical writing market is segmented by region into North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America. The market growth in this region is expected due to factors such as growing need for well documented clinical trials, regulatory submissions, and increase in in CRO outsourcing. However insufficiency in skilled workforce of medical writers are likely to hamper the market growth during the forecast period.
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Medical Writing Market: Strategic Insights
Medical Writing Market
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![](https://www.theinsightpartners.com/assets/images/rd_int_img/cagr.png)
CAGR (2023 - 2031)
10.2%
-
Market Size 2021
US$ 3.44 Billion
-
Market Size 2031
US$ 9.09 Billion
Market Dynamics
GROWTH DRIVERS
- Robust growth in CRO outsourcing
FUTURE TRENDS
- New regulations in medical devices
OPPORTUNITIES
- Implementation of tools and artificial intelligence in medical writing
Key Players
- Cactus Communications
- Certara
- Covance
- Freyr Solutions
- InClin Inc
- Parexel International Corporation
- Quanticate
- SIRO Clinpharm Private Limited
- Synchrogenix
- Trilogy Writing and Consulting GmbH
Regional Overview
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Market Segmentation
Type
- Clinical Writing
- Regulatory Writing
- Scientific Writing
- Others
Application
- Medical Journalism
- Medical Education
- Medico Marketing
- Others
End User
- Pharmaceutical and Biotechnology Companies
- Contract Research Organizations
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Medical Writing Market: Strategic Insights
-
CAGR (2023 - 2031)10.2% -
Market Size 2021
US$ 3.44 Billion -
Market Size 2031
US$ 9.09 Billion
![](https://www.theinsightpartners.com/assets/images/rd_int_img/tip-logo.jpg)
Market Dynamics
- Robust growth in CRO outsourcing
- New regulations in medical devices
- Implementation of tools and artificial intelligence in medical writing
Key Players
- Cactus Communications
- Certara
- Covance
- Freyr Solutions
- InClin Inc
- Parexel International Corporation
- Quanticate
- SIRO Clinpharm Private Limited
- Synchrogenix
- Trilogy Writing and Consulting GmbH
Regional Overview
![](https://www.theinsightpartners.com/assets/images/rd_int_img/ig-regional.png)
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Market Segmentation
![](https://www.theinsightpartners.com/assets/images/rd_int_img/cust_bullet_danger.png)
- Clinical Writing
- Regulatory Writing
- Scientific Writing
- Others
![](https://www.theinsightpartners.com/assets/images/rd_int_img/cust_bullet_warning.png)
- Medical Journalism
- Medical Education
- Medico Marketing
- Others
![](https://www.theinsightpartners.com/assets/images/rd_int_img/cust_bullet_primary.png)
- Pharmaceutical and Biotechnology Companies
- Contract Research Organizations
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Medical Writing Market Drivers and Opportunities
Robust Growth In CRO Outsourcing is Likely to Favor The Market.
A major portion of medical writing is outsourced globally. The demand for medical writing is expected to grow, and so is the supply of medical writing providers. The quality of documents produced by medical writers in a CRO is considered superior to that of writers in BPO companies. The medical writings of CRO have excellent presentation, greater scientific depth, and are well written in a superior language. They are high scorers in terms of presentation, formatting, and adherence to guidelines. Besides, the medical writings by CROs are delivered on time as they have tight timelines. Owing to these factors, the outsourcing of CRO medical writing is gaining importance.
Emerging Markets – An Opportunity in Medical Writing Market
The medical writing industry is expected to witness significant growth in emerging markets owing to the flourishing healthcare industry and a large pool of potential medical writers. As per the IBEF 2021 healthcare report, the Indian healthcare sector is one of India’s largest employer sectors and employs around 4.7 million people. The sector generated 2.7 million additional jobs in India between 2017-22, which is approximately 500,000 new jobs every year.
Medical Writing Market Report Segmentation Analysis
Key segments that contributed to the medical writing market analysis derivation are services and applications.
- Based on type, the medical writing market is segmented into clinical writing, regulatory writing, scientific writing, and others. In 2023, the clinical writing segment held the largest share of the market. Moreover, the regulatory writing segment is expected to grow at the fastest rate during the forecast period.
- By 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 2023, and the same segment is anticipated to register the highest CAGR in the market during the forecast period.
- The medical writing market has been segmented by end-user into pharmaceutical & biotechnology companies and contract research organizations (CRO). In 2023, the pharmaceutical and biotechnology segment held the largest share of the market by end user. Moreover, the contract research organizations (CRO) segment is expected to grow fastest during the forecast period.
Medical Writing Market Share Analysis by Geography
The geographic scope of the medical writing market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South America/South & Central America.
North America includes US, Canada, and Mexico. North America holds the most significant share in the medical writing market, with the US holding the largest market share, followed by Canada. The US holds the largest share of the medical writing market attributed to the growing pharmaceutical industry, and stringent regulatory for the pharmaceutical and biopharmaceutical industry.
Asia Pacific region is expected to be the fastest-growing region among all other regions. The growth of the market in the Asia Pacific region is expected to grow at a faster pace owing to factors such as expanding healthcare industry, large talent pool, and cost-effective medical writing services.
Medical Writing Market Report Scope
Report Attribute
Details
Market size in 2021
US$ 3.44 Billion
Market Size by 2031
US$ 9.09 Billion
Global CAGR (2023 - 2031)
10.2%
Historical Data
2021-2022
Forecast period
2024-2031
Segments Covered
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
Regions and Countries Covered
North America - US
- Canada
- Mexico
Europe - UK
- Germany
- France
- Russia
- Italy
- Rest of Europe
Asia-Pacific - China
- India
- Japan
- Australia
- Rest of Asia-Pacific
South and Central America - Brazil
- Argentina
- Rest of South and Central America
Middle East and Africa - South Africa
- Saudi Arabia
- UAE
- Rest of Middle East and Africa
Market leaders and key company profiles
Cactus Communications Certara Covance Freyr Solutions InClin Inc Parexel International Corporation Quanticate SIRO Clinpharm Private Limited Synchrogenix Trilogy Writing and Consulting GmbH
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Report Attribute | Details |
---|---|
Market size in 2021 | US$ 3.44 Billion |
Market Size by 2031 | US$ 9.09 Billion |
Global CAGR (2023 - 2031) | 10.2% |
Historical Data | 2021-2022 |
Forecast period | 2024-2031 |
Segments Covered |
By Type
|
Regions and Countries Covered | North America
|
Market leaders and key company profiles |
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Medical Writing Market News and Recent Developments
The medical writing market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market for medical writing and strategies:
- In April 2024, Cactus Life Sciences, a leading scientific communications agency that works with blue chip pharma and biotechnology companies, acquired nspm and eluSCIdate, two dynamic medical communications companies headquartered in Switzerland. (Source: Company Press Release)
- In October 2023, Certara, Inc., a global leader in biosimulation software and advanced drug development solutions, launched CoAuthor, a writing software suite designed to revolutionize the creation and review of critical clinical trial documents in the pharmaceutical industry. (Source: Company Press Release)
Medical Writing Market Report Coverage and Deliverables
The “Medical Writing Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Market dynamics such as drivers, restraints, and key opportunities
- Key future trends
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- Global and regional market analysis covering key market trends, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments
- Detailed company profiles
![Report Coverage](https://www.theinsightpartners.com/assets/rdimages/report_coverage.png)
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
![Segment Covered](https://www.theinsightpartners.com/assets/rdimages/segment_covered.png)
Segment Covered
Type ; Application ; End User ; and Geography
![Regional Scope](https://www.theinsightpartners.com/assets/rdimages/regional_scope.png)
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
![Country Scope](https://www.theinsightpartners.com/assets/rdimages/country_scope.png)
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