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North America Medical Affairs Outsourcing Market

2021

North America 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: TIPRE00025179 | No. of Pages: 120 | Category: Healthcare IT | Status: Published

Market Insights

North America Medical Affairs Outsourcing Market to Grow at a CAGR of 5.2% to reach US$ 1,369.08 million from 2020 to 2027

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The medical affairs outsourcing market in North America is expected to grow from US$ 641.58 million in 2020 to US$ 1,369.08 million by 2027; it is estimated to grow at a CAGR of 11.4% from 2020 to 2027.


The US, Canada, and Mexico are major economies in North America. Rising number of clinical trials is the major factor driving the growth of the North America medical affairs outsourcing market. A clinical trial is a crucial and significant step in the determination of safety and effectiveness of a medical strategy, treatment, or device for commercial usage. These studies also help understand and determine the best medical approaches for a particular therapeutic area. Clinical trials are conducted primarily to collect data regarding the safety and efficacy of new drug and device development. Before the approval of drug molecules or medical devices by the regulatory authorities, a series of clinical studies are conducted. The increasing prevalence of various communicable and non-communicable diseases is triggering the demand for the development of new drugs or medical devices. The abovementioned scenario is, in turn, expected to surge the demand for the medical affairs outsourcing services in the coming years. Hence, the increasing number of clinical trials, raising the demand for medical affair services, is a significant factor driving the growth of the medical affairs outsourcing market

The COVID-19 outbreak was first observed in December 2019 in Wuhan (China), and it has spread to ~100 countries across the world, with the World Health Organization (WHO) stating it as a public health emergency. The global impacts of COVID-19 are felt across several markets. While SARS, H1N1, and other outbreaks have occurred in the healthcare sector in the last few years, the severity of COVID-19 has made the situation more complicated due to its mode of transmission. North America has experienced a rising number of cases of COVID-19 since its outbreak. The clinical and product development engine has undergone a profound disruption as colleagues adjust to remote work environments and lab capacity is reduced. Clinical trials are also being severely affected by disruptions in both new enrollments and keeping existing patients on therapies. The impact of COVID-19 has placed many regulatory and outsourcing teams under pressure. However, it also has had a positive impact on the bio/pharmaceutical outsourcing industry, wherein the demand for R&D activity is increasing, leading to a rise in medical affairs assistance. This rising demand has caused various CROs to focus on their outsourcing and other operations.

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 North America medical affairs outsourcing market. The North America medical affairs outsourcing market is expected to grow at a good CAGR during the forecast period.

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North America Medical Affairs Outsourcing Market Segmentation

North America Medical Affairs Outsourcing Market – By Services

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

North America Medical Affairs Outsourcing Market – By Application

  • Pharmaceuticals
  • Medical Devices
  • Biopharmaceutical

North America Medical Affairs Outsourcing Market, by Country

  • US
  • Canada
  • Mexico

North America 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 North America Medical Affairs Outsourcing Market – By Services

1.3.2 North America Medical Affairs Outsourcing Market – By Application

1.3.3 North America Medical Affairs Outsourcing Market – By Country

2. North America Medical Affairs Outsourcing Market – Key Takeaways

3. Research Methodology

3.1 Coverage

3.2 Secondary Research

3.3 Primary Research

4. North America Medical Affairs Outsourcing– Market Landscape

4.1 Overview

4.2 North America PEST Analysis

4.3 Expert Opinions

5. North America Medical Affairs Outsourcing Market – Key Industry Dynamics

5.1 Market Drivers

5.1.1 Rising Number of Clinical Trials

5.1.2 Increasing Acceptance of Outsourcing Activities Coupled with Growing R&D Expenditures

5.2 Market Restraints

5.2.1 Surging Costs of Drug Production and Clinical Trials

5.3 Future Trends

5.3.1 Market Consolidation on Rise

5.4 Impact Analysis of Drivers and Restraints

6. Medical Affairs Outsourcing Market – North America Analysis

6.1 North America Medical Affairs Outsourcing Market Revenue Forecast and Analysis

7. North America Medical Affairs Outsourcing Market Analysis – By Services

7.1 Overview

7.2 North America 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. North America Medical Affairs Outsourcing Market Analysis – By Application

8.1 Overview

8.2 North America 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. North America Medical Affairs Outsourcing Market – Country Analysis

9.1 Overview

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

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

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

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

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

9.1.2.3.1 US: Medical Devices Market, by Type, 2018–2027 (USD Million)

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

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

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

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

9.1.3.3.1 Canada: Medical Devices Market, by Type, 2018–2027 (USD Million)

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

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

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

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

9.1.4.3.1 Mexico: Medical Devices Market, by Type, 2018–2027 (USD Million)

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

10.1 North America: 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. R&D Investments by major pharmaceutical companies

Table 2. Top 10 Pharmaceutical R&D Spenders,2019

Table 3. US Medical Affairs Outsourcing Market, by Services – Revenue and Forecast to 2027 (USD Million)

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

Table 5. US Medical Devices Market, by Type – Revenue and Forecast to 2027 (USD Million)

Table 6. Canada Medical Affairs Outsourcing Market, by Services – Revenue and Forecast to 2027 (USD Million)

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

Table 8. Canada Medical Devices Market, by Type – Revenue and Forecast to 2027 (USD Million)

Table 9. Mexico Medical Affairs Outsourcing Market, by Services – Revenue and Forecast to 2027 (USD Million)

Table 10. Mexico Medical Affairs Outsourcing Market, by Application – Revenue and Forecast to 2027 (USD Million)

Table 11. Mexico Medical Devices Market, by Type – Revenue and Forecast to 2027 (USD Million)

Table 12. Organic Developments Done By Companies

Table 13. Inorganic Developments Done By Companies

Table 14. Glossary of Terms, North America Medical Affairs Outsourcing Market

LIST OF FIGURES

Figure 1. North America Medical Affairs Outsourcing Market Segmentation

Figure 2. North America Medical Affairs Outsourcing Market, By Country

Figure 3. North America Medical Affairs Outsourcing Market Overview

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

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

Figure 6. North America PEST Analysis

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Figure 22. North America: Medical Affairs Outsourcing Market, by Country, 2019 & 2027 (%)

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

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

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

Figure 26. Impact of COVID-19 Pandemic in North American Country Markets

Figure 27. 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 North America 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 North America 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 North America 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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