The medical affairs outsourcing market in MEA is expected to grow from US$ 46.99 million in 2020 to US$ 92.37 million by 2027; it is estimated to grow at a CAGR of 10.1% from 2020 to 2027.
Saudi Arabia, South Africa, and UAE are major economies in MEA. Clinical trials on rise is the major factor driving the growth of the MEA 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 countries in the MEA region have taken precautionary measures and imposed stringent regulations to control the spread of COVID-19. Countries such as the UAE, Saudi Arabia, Jordan, Iraq, and Iran have strictly imposed lockdowns. The majority of the countries in the region are dependent on other regions for medical devices and other products. As a result of the COVID-19 crisis, the World Bank forecasts that remittances to the MENA region are projected to fall sharply by 19.6%, after a total of US$ 42 billion in 2020 after a 2.6% increase in 2019. MENA countries and the global community also have a role to play in tackling COVID-19. For the first time in decades, MENA countries are facing a common issue with no political or religious agenda. The advent of high-throughput screens of approved compounds and small molecules has allowed researchers to effectively evaluate large drug libraries for their in vitro antiviral activity against novel targets. Russia has developed a new treatment for the COVID-19 patients and will soon conduct a trial in partnership with Saudi Arabian health. The current pharmaceutical markets in the MENA region vary significantly between different nations. For example, high spending power and a cultural preference for expensive foreign brands in Saudi Arabia have resulted in 85% of pharmaceuticals being imported. In contrast, 90% of the consumption in Egypt is domestically produced, with a much greater market share for generics. In recent years, South Africa has turned increasingly to generic drugs, providing an excellent opportunity for domestic and foreign manufacturers. Medical affairs play a pivotal role in overcoming barriers to accessing healthcare professionals (HCPs). Moreover, compliance requirements mean medical affairs is responsible for providing HCPs with real-time, unbiased, and transparent medical information in the MEA.
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 MEA medical affairs outsourcing market. The MEA medical affairs outsourcing market is expected to grow at a good CAGR during the forecast period.
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 MEA Medical Affairs Outsourcing Market – By Services
1.3.2 MEA Medical Affairs Outsourcing Market – By Application
1.3.3 MEA Medical Affairs Outsourcing Market – By Country
2. MEA Medical Affairs Outsourcing Market – Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. MEA Medical Affairs Outsourcing– Market Landscape
4.1 Overview
4.2 MEA PEST Analysis
4.3 Expert Opinions
5. MEA Medical Affairs Outsourcing Market – Key Industry Dynamics
5.1 Market Drivers
5.1.1 Clinical Trials Tally on Rise
5.1.2 R&D Expenditures Increasing Along with Surge in Adoption of Outsourcing Activities
5.2 Market Restraints
5.2.1 Escalating Costs of Drug Manufacturing and Clinical Trials
5.3 Future Trends
5.3.1 Market Consolidation at High Pace
5.4 Impact Analysis of Drivers and Restraints
6. Medical Affairs Outsourcing Market – MEA Analysis
6.1 MEA Medical Affairs Outsourcing Market Revenue Forecast and Analysis
7. MEA Medical Affairs Outsourcing Market Analysis – By Services
7.1 Overview
7.2 MEA 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. MEA Medical Affairs Outsourcing Market Analysis – By Application
8.1 Overview
8.2 MEA 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. MEA Medical Affairs Outsourcing Market – Country Analysis
9.1 Overview
9.1.1 MEA: Medical Affairs Outsourcing Market Share by Country – 2019 & 2027, (%)
9.1.2 Saudi Arabia: Medical Affairs Outsourcing Market – Revenue and Forecast to 2027 (USD Million)
9.1.2.1 Saudi Arabia: Medical Affairs Outsourcing Market – Revenue and Forecast to 2027 (USD Million)
9.1.2.2 Saudi Arabia Medical Affairs Outsourcing Market, by Services – Revenue and Forecast to 2027 (USD Million)
9.1.2.3 Saudi Arabia Medical Affairs Outsourcing Market, by Application – Revenue and Forecast to 2027 (USD Million)
9.1.2.3.1 Saudi Arabia: Medical Device Market, by Type, 2018–2027 (USD Million)
9.1.3 UAE: Medical Affairs Outsourcing Market – Revenue and Forecast to 2027 (USD Million)
9.1.3.1 UAE: Medical Affairs Outsourcing Market – Revenue and Forecast to 2027 (USD Million)
9.1.3.2 UAE Medical Affairs Outsourcing Market, by Services – Revenue and Forecast to 2027 (USD Million)
9.1.3.3 UAE Medical Affairs Outsourcing Market, by Application – Revenue and Forecast to 2027 (USD Million)
9.1.3.3.1 UAE: Medical Device Market, by Type, 2018–2027 (USD Million)
9.1.4 South Africa: Medical Affairs Outsourcing Market – Revenue and Forecast to 2027 (US$ Million)
9.1.4.1 South Africa: Medical Affairs Outsourcing Market – Revenue and Forecast to 2027 (USD Million)
9.1.4.2 South Africa Medical Affairs Outsourcing Market, by Services – Revenue and Forecast to 2027 (USD Million)
9.1.4.3 South Africa Medical Affairs Outsourcing Market, by Application – Revenue and Forecast to 2027 (USD Million)
9.1.4.3.1 South Africa: Medical Device Market, by Type, 2018–2027 (USD Million)
9.1.5 Rest of MEA: Medical Affairs Outsourcing Market – Revenue and Forecast to 2027 (US$ Million)
9.1.5.1 Rest of MEA: Medical Affairs Outsourcing Market – Revenue and Forecast to 2027 (USD Million)
9.1.5.2 Rest of MEA Medical Affairs Outsourcing Market, by Services – Revenue and Forecast to 2027 (USD Million)
9.1.5.3 Rest of MEA Medical Affairs Outsourcing Market, by Application – Revenue and Forecast to 2027 (USD Million)
9.1.5.3.1 Rest of MEA: Medical Device Market, by Type, 2018–2027 (USD Million)
10. Impact of COVID-19 Pandemic on Global Medical Affairs Outsourcing Market
10.1 MEA: 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 PPD Inc.
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 PAREXEL INTERNATIONAL CORPORATION
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 UDG Healthcare plc
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
13. Appendix
13.1 About The Insight Partners
13.2 Glossary of Terms
LIST OF TABLES
Table 1. Saudi Arabia Medical Affairs Outsourcing Market, by Services – Revenue and Forecast to 2027 (USD Million)
Table 2. Saudi Arabia Medical Affairs Outsourcing Market, by Application – Revenue and Forecast to 2027 (USD Million)
Table 3. Saudi Arabia Medical Device Market, by Type – Revenue and Forecast to 2027 (USD Million)
Table 4. UAE Medical Affairs Outsourcing Market, by Services – Revenue and Forecast to 2027 (USD Million)
Table 5. UAE Medical Affairs Outsourcing Market, by Application – Revenue and Forecast to 2027 (USD Million)
Table 6. UAE Medical Device Market, by Type – Revenue and Forecast to 2027 (USD Million)
Table 7. South Africa Medical Affairs Outsourcing Market, by Services – Revenue and Forecast to 2027 (USD Million)
Table 8. South Africa Medical Affairs Outsourcing Market, by Application – Revenue and Forecast to 2027 (USD Million)
Table 9. South Africa Medical Device Market, by Type – Revenue and Forecast to 2027 (USD Million)
Table 10. Rest of MEA Medical Affairs Outsourcing Market, by Services – Revenue and Forecast to 2027 (USD Million)
Table 11. Rest of MEA Medical Affairs Outsourcing Market, by Application – Revenue and Forecast to 2027 (USD Million)
Table 12. Rest of MEA Medical Device Market, by Type – Revenue and Forecast to 2027 (USD Million)
Table 13. Organic Developments Done By Companies
Table 14. Inorganic Developments Done By Companies
Table 15. Glossary of Terms, Medical Affairs Outsourcing Market
LIST OF FIGURES
Figure 1. MEA Medical Affairs Outsourcing Market Segmentation
Figure 2. MEA Medical Affairs Outsourcing Market, By Country
Figure 3. MEA Medical Affairs Outsourcing Market Overview
Figure 4. Medical Writing and Publishing Segment Held Largest Share of Services Segment In MEA Medical Affairs Outsourcing Market
Figure 5. South Africa Is Expected to Show Remarkable Growth During the Forecast Period
Figure 6. MEA PEST Analysis
Figure 7. MEA Medical Affairs Outsourcing Market Impact Analysis of Driver and Restraint
Figure 8. MEA Medical Affairs Outsourcing Market – Revenue Forecast And Analysis – 2019- 2027
Figure 9. MEA Medical Affairs Outsourcing Market Revenue Share, by Services (2019 and 2027)
Figure 10. MEA Medical Writing and Publishing: Medical Affairs Outsourcing Market – Revenue and Forecast to 2027 (US$ Million)
Figure 11. MEA Medical Monitoring: Medical Affairs Outsourcing Market – Revenue and Forecast to 2027 (US$ Million)
Figure 12. MEA Medical Science Liaisons: Medical Affairs Outsourcing Market – Revenue and Forecast to 2027 (US$ Million)
Figure 13. MEA Medical Information: Medical Affairs Outsourcing Market – Revenue and Forecast to 2027 (US$ Million)
Figure 14. MEA Others: Medical Affairs Outsourcing Market – Revenue and Forecast to 2027 (US$ Million)
Figure 15. MEA Medical Affairs Outsourcing Market Share, by Application, 2019 and 2027 (%)
Figure 16. MEA Pharmaceutical: Medical Affairs Outsourcing Market – Revenue and Forecast to 2027 (US$ Million)
Figure 17. MEA Biopharmaceutical: Medical Affairs Outsourcing Market – Revenue and Forecast to 2027 (US$ Million)
Figure 18. MEA Medical Devices: Medical Affairs Outsourcing Market – Revenue and Forecast to 2027 (US$ Million)
Figure 19. MEA Therapeutic Medical Devices: Medical Affairs Outsourcing Market– Revenue and Forecast to 2027 (USD Million)
Figure 20. MEA Diagnostic Medical Devices: Medical Affairs Outsourcing Market– Revenue and Forecast to 2027 (USD Million)
Figure 21. MEA: Medical Affairs Outsourcing Market, by Key Country – Revenue (2019) (USD Million)
Figure 22. MEA: Medical Affairs Outsourcing Market Share by Country – 2019 & 2027, (%)
Figure 23. Saudi Arabia: Medical Affairs Outsourcing Market – Revenue and Forecast to 2027 (USD Million)
Figure 24. UAE: Medical Affairs Outsourcing Market – Revenue and Forecast to 2027 (US$ Million)
Figure 25. South Africa: Medical Affairs Outsourcing Market – Revenue and Forecast to 2027 (USD Million)
Figure 26. Rest of MEA: Medical Affairs Outsourcing Market – Revenue and Forecast to 2027 (USD Million)
Figure 27. Impact of COVID-19 Pandemic in MEA Market
Figure 28. Growth Strategies Done by the Companies in the Market, (%)
- ICON PLC
- IQVIA Inc
- PAREXEL INTERNATIONAL CORPORATION
- PPD Inc
- Syneos Health
- UDG Healthcare plc.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
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.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
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.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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