Dublin, Aug. 07, 2023 (GLOBE NEWSWIRE) -- The "Global Medical Writing Market (2023-2028) by Type, Application, End-User, and Geography, Competitive Analysis, Impact of Covid-19, Impact of Economic Slowdown & Impending Recession with Ansoff Analysis" report has been added to ResearchAndMarkets.com's offering.
The Global Medical Writing Market is estimated to be USD 4.73 Bn in 2023 and is expected to reach USD 8.38 Bn by 2028, growing at a CAGR of 12.1%.
Competitive Quadrant
The report includes a Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.
Ansoff Analysis
The report presents a detailed Ansoff matrix analysis for the Global Medical Writing Market. Ansoff Matrix, also known as Product/Market Expansion Grid, is a strategic tool used to design strategies for growth of the company. The matrix can be used to evaluate approaches in four strategies viz. Market Development, Market Penetration, Product Development and Diversification. The matrix is also used for risk analysis to understand the risk involved with each approach.
The analyst analyses the Global Medical Writing Market using the Ansoff Matrix to provide the best approaches a company can take to improve its market position.
Based on the SWOT analysis conducted on the industry and industry players, the analyst has devised suitable strategies for market growth.
Why buy this report?
- The report offers a comprehensive evaluation of the Global Medical Writing Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
- The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
- The report includes an in-depth market analysis using Porter's 5 forces model, PESTLE Analysis, and the Ansoff Matrix. In addition, the impact of COVID-19 and the impact of economic slowdown & impending recession on the market are also featured in the report.
- The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
- The report also contains a competitive analysis using Positioning Quadrants, the analyst's competitive positioning tool.
Report Highlights:
- A complete analysis of the market, including the parent industry
- Important market dynamics and trends
- Market segmentation
- Historical, current, and projected size of the market based on value and volume
- Market shares and strategies of key players
- Recommendations to companies for strengthening their foothold in the market
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 176 |
| Forecast Period | 2023 - 2028 |
| Estimated Market Value (USD) in 2023 | $4.74 Billion |
| Forecasted Market Value (USD) by 2028 | $8.39 Billion |
| Compound Annual Growth Rate | 12.1% |
| Regions Covered | Global |
Market Dynamics
Drivers
- Rapid Growth in the Medical Sciences
- Increasing Demand for Outsourcing of Medical Writing Capabilities
- Growth in Drafting Trial Regulation and Patent Registration Documents
Restraints
- Lack of Standardized Guidance Concerning Acknowledgment for the Medical Writer's Specific Contributions
Opportunities
- Role of New Technologies in Medical Writing
- Increasing Dependence Upon the Internet and Digital Communications
- Growth in Medical Device Regulations
Challenges
- Lack of Quality Evaluation Instruments and Challenges Involved in Regulatory Medical Writing
Companies Mentioned
- Cactus Communications
- Cardinal Health
- Certara (EQT)
- Clinexa Life Sciences Pvt
- Covance
- Freyr Solutions
- Icon PLC
- InClin, Inc.
- Indegene
- InfocusRx
- Intertek Group PLC
- IQVIA Holdings, Inc.
- MakroCare
- Nucleus Global (Huntsworth)
- OMICS International
- Parexel International Corporation (Pamplona Capital)
- Quanticate
- SIRO Clinpharm Pvt. Ltd.
- Synchrogenix (Certara)
- Syneos Health
- Trilogy Writing & Consulting
- UDG Healthcare PLC
Market Segmentation
The Global Medical Writing Market is segmented based on Type, Application, End-User, and Geography.
- By Type, the market is classified into Regulatory Writing, Scientific Writing, Clinical Writing, and Others.
- By Application, the market is classified into Medical Journalism, Medical Education, and Medico Marketing Writing.
- By End-User, the market is classified into Biotechnology & Pharmaceutical Companies, And Contract Research Organizations (CROs).
- By Geography, the market is classified into Americas, Europe, Middle East & Africa, and Asia-Pacific.
For more information about this report visit https://www.researchandmarkets.com/r/r6m9zr
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