Dublin, April 12, 2021 (GLOBE NEWSWIRE) -- The "Global Medical Writing Market (2020-2025) by Type, Application, End-User, Geography, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis" report has been added to ResearchAndMarkets.com's offering.
The Global Medical Writing Market is estimated to be USD 3.36 Bn in 2020 and is expected to reach USD 5.95 Bn by 2025, growing at a CAGR of 12.1%.
Market Dynamics
Key factors such as growth in medical sciences have compelled a need for articulating clear, concise information on complex topics in the pharmaceutical and related life sciences sector. This is prominently driving the growth of the medical writing market. Moreover, with the rising expiries of patents and additional clinical trial processes, there is a constant need of drafting regulatory documents. This has led to a demand in medical writing. Further, the growing partnerships and collaborations in this domain are likely to support the market growth.
However, the shortage of skilled medical writers along with less cognizance given to the medical writer for their respective contribution is likely to hamper the growth of the market.
Market Segmentation
- By Type, the market is classified as regulatory writing, scientific writing, clinical writing, and others. Amongst all, the regulatory writing is estimated to hold the highest market share.
- By Application, the market is classified as medical journalism, medical education, and medico marketing writing. Amongst all, the medical journalism segment is estimated to hold the highest market share.
- By End User, the market is classified as biotechnology and pharmaceutical companies, and contract research organizations (CROs). Amongst the two, the contract research organizations CROs are estimated to hold the highest market share.
- By Geography, North America is projected to lead the market.
Recent Developments
1. Cactus Communications has launched R (researcher.life) which is an integrated ecosystem of tools for academic researchers. The tools shall help the researchers to conduct literature search faster and more intelligently - 4th June 2020
2. Covance Drug development business has launched a laboratory solution within the Functional Service provider (FSP) Offering to enhance its capabilities in the areas of clinical operations, statistical programming, medical writing, and pharmacovigilance services - 9th September 2019
Company Profiles
Some of the companies covered in this report are PAREXEL International Corporation, Trilogy Writing & Consultancy GmBH, Freyr Solutions, and CACTUS Communications.
Competitive Quadrant
The report includes the 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.
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 in-depth market analysis using Porter's 5 force model and the Ansoff Matrix. The impact of Covid-19 on the market is also featured in the report.
- The report also contains the competitive analysis using a Competitive Quadrant, the analyst's Proprietary competitive positioning tool.
Key Topics Covered:
1 Report Description
1.1 Study Objectives
1.2 Market Definition
1.3 Currency
1.4 Years Considered
1.5 Language
1.6 Key Shareholders
2 Research Methodology
2.1 Research Process
2.2 Data Collection and Validation
2.2.1.1 Secondary Research
2.2.1.2 Primary Research
2.3 Market Size Estimation
2.4 Assumptions of the Study
2.5 Limitations of the Study
3 Executive Summary
4 Market Overview
4.1 Introduction
4.2 Market Dynamics
4.2.1 Drivers
4.2.1.1 Rapid growth in the medical sciences
4.2.1.2 Increasing demand for outsourcing of medical writing capabilities
4.2.1.3 Growth in drafting trial regulation and patent registration documents
4.2.1.4 Partnerships and collaborations between market players
4.2.2 Restraints
4.2.2.1 Shortage of skilled medical writers
4.2.2.2 Lack of standardized guidance concerning acknowledgment for the medical writer's specific contributions
4.2.3 Opportunities
4.2.3.1 Role of new technologies in medical writing
4.2.3.2 Increasing dependence upon the internet and digital communications
4.2.3.3 Growth in medical device regulations
4.2.4 Challenges
4.2.4.1 Lack of quality evaluation instruments
4.2.4.2 Challenges involved in regulatory medical writing
4.3 Trends
5 Market Analysis
5.1 Porter's Five Forces Analysis
5.2 Impact of COVID-19
5.3 Ansoff Matrix Analysis
6 Global Medical Writing Market, By Type
6.1 Introduction
6.2 Clinical Writing
6.3 Regulatory Writing
6.4 Scientific Writing
6.5 Others
7 Global Medical Writing Market, By Application
7.1 Introduction
7.2 Medical Journalism
7.3 Medical Education
7.4 Medico Marketing
7.5 Others
8 Global Medical Writing Market, By End User
8.1 Introduction
8.2 Pharmaceutical and Biotechnology Companies
8.3 Contract Research Organizations (CROs)
8.4 Others
9 Global Medical Writing Market, By Geography
9.1 Introduction
9.2 North America
9.2.1.1 US
9.2.1.2 Canada
9.2.1.3 Mexico
9.3 South America
9.3.1.1 Brazil
9.3.1.2 Argentina
9.4 Europe
9.4.1.1 UK
9.4.1.2 France
9.4.1.3 Germany
9.4.1.4 Italy
9.4.1.5 Spain
9.4.1.6 Rest of Europe
9.5 Asia-Pacific
9.5.1.1 China
9.5.1.2 Japan
9.5.1.3 India
9.5.1.4 Indonesia
9.5.1.5 Malaysia
9.5.1.6 South Korea
9.5.1.7 Australia
9.5.1.8 Russia
9.5.1.9 Rest of APAC
9.6 Rest of the World
9.6.1.1 Qatar
9.6.1.2 Saudi Arabia
9.6.1.3 South Africa
9.6.1.4 United Arab Emirates
9.6.1.5 Latin America
10 Competitive Landscape
10.1 IGR Competitive Quadrant
10.2 Market Share Analysis
10.3 Competitive Scenario
10.3.1.1 Mergers & Acquisitions
10.3.1.2 Agreement, Collaborations, & Partnerships
10.3.1.3 New Product Launches & Enhancements
10.3.1.4 Investments & Fundings
11 Company Profiles
11.1 IQVIA Holdings Inc
11.2 Parexel International Corporation (Pamplona Capital)
11.3 Trilogy Writing & Consulting
11.4 Covance
11.5 OMICS International
11.6 Freyr Solutions
11.7 Cactus Communications
11.8 Certara (EQT)
11.9 InClin Inc
11.10 SIRO Clinpharm Private Limited
11.11 Synchrogenix (Certara)
11.12 Quanticate
11.13 Icon Plc
11.14 Cardinal Health
11.15 InfocusRx
11.16 MakroCare
11.17 Intertek Group plc
11.18 Clinexa Life Sciences Pvt
11.19 Syneos Health
11.20 UDG Healthcare Plc
11.21 Indegene
11.22 Nucleus Global (Huntsworth)
12 Appendix
12.1 Questionnaire
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