North America Medical Writing Market Growth Drivers and Forecast by 2027

TheNorth America medical writing market is expected to reach US$ 1,266.23 million in 2027 from US$ 732.95 million in 2019. The market is estimated to grow with a CAGR of 7.1% from 2020-2027.

A medical writer is an individual that applies the principles of clinical research in developing clinical trial documents that effectively and clearly give a detail 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. Rising demand for medical writing in the fields of medical education, regulation, and industrial is burgeoning.The demand for medical writing is on the rise on account of increasing drugs, biomedical, and other pharmaceutical product launches. The scope of the medical writing market includestype, application, end-user, and region.

US Medical Writing Market Revenue and Forecasts to 2027 (US$ MN)

Market Insights-

Need for Medical Writers in the Medical Device Industry

The medical device industry is similar but still different from the pharmaceutical industry in terms of medical writing. Earlier, not much importance was given to medical writing in the medical devices industry. Recently, digital health, including tele-monitoring and digital health apps, has become essential. Particularly in the case of apps, it is not always easy to distinguish between a “life-style app” (example: fitness tracker) and an app that is classified as a medical device.Medical devices require similar documents to pharmaceuticals (example: patient informed consent forms, clinical study protocols, and clinical study reports with lay summaries), albeit there are different content requirements. A document solely used for medical devices is the clinical evaluation reports mentioned above. Periodic Safety Update Reports are also new documents according to the medical device reports, while they have been required in pharmaceuticals for many years. There are a few specialized medical device journals, but the journals for medical device research are targeted to specific disease areas or specialties (e.g., cardiac surgery, interventional cardiology). General medicine journals, like The Lancet or the New England Journal of Medicine, are also targeted if warranted by the novelty and importance of the publication. Thus, with a growth in the medical device industries, 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.

North America Medical Writing Market, by Type – 2019 and 2027

Application- Based Market Insights

Based on application, the medical writing market, is segmented intomedical 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 intopharmaceutical 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.

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North America Medical Writing Market: Strategic Insights

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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, Freyr Solutions continued its global growth with the launch of a regional center in Mexico. Emphasizing on emerging business opportunities in Mexico, Freyr Solutions is focused to help its clients grab the Mexican market share in a compliant way.

NORTH AMERICA MEDICAL 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

•       North America
  •       US
  •       Canada
  •       Mexico

Company Profiles

• Cactus Communications
• Certara
• Covance
• Freyr Solutions
• InClinInc
• Parexel International Corporation
• Quanticate
• SIRO Clinpharm Private Limited
• Synchrogenix
• Trilogy Writing & Consulting GmbH

North America Medical Writing Market Regional Insights

The regional trends and factors influencing the North America Medical Writing Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses North America Medical Writing Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

North America Medical Writing Market Report Scope

North America Medical Writing Market Players Density: Understanding Its Impact on Business Dynamics

The North America Medical Writing Market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.

Major Companies operating in the North America Medical Writing Market are:

1. Cactus Communications
2. Certara
3. Covance
4. Freyr Solutions
5. InClinInc

Disclaimer: The companies listed above are not ranked in any particular order.