Market Analysis: Global Medical Writing Market

Global medical writing market is expected to rise to an estimated value of USD 3.85 billion by 2026, registering a healthy CAGR in the forecast period of 2019-2026. Rising demand for drug related information and increasing demand for preparation of drafts of new patents.

Few of the major competitors currently working in the global medical writing market are Parexel International Corporation., Trilogy Writing & Consulting GmbH, Freyr, CACTUS Communications, Covance Inc, IQVIA., OMICS International, Certara, SIRO Clinpharm, Quanticate, InClin, Inc., Intertek Group plc, ICON plc, Cardinal Health., MakroCare., IF Medical Writing SASU, InfocusRx, inc., APCER Life Sciences, Inc., Pearl Pathways, LLC., Insight Medical Writing., SGS SA and others

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Market Definition: Global Medical Writing Market

Medical writing is a process which consists of information related to drug advancement process, safety and regulatory information and other information related to the research methodologies. This documents is usually made by medical writer who make sure that it consist of information related to product use, research outcome and other information. They are widely used in applications in project management, pharmacovigilance, clinical data management etc.

Market Drivers

Growth in the pharmaceutical industry is driving the growth of this market
Rising number of patents expiring is another factor driving the market growth
Increasing prevalence for non- core activities is driving market
Rising R&D investment in medical writing is factor driving the growth of this market.

Market Restraints

High attrition cost is restraining the growth of this market
Lack of skilled and trained professional is another factor restraining the growth of this market
Incompetent technical writing skill is another factor restraining the market growth.
Segmentation: Global Medical Writing Market

By Type

Clinical
Regulatory
Scientific
Others

By Application

Medical Journalism
Medical Education
Medico Marketing
Others

By End- User

Pharmaceutical & Biotechnology Companies
Contract Research Organizations

By Geography

North America
U.S.
Canada
Mexico
South America
Brazil
Rest of South America
Europe
Germany
Italy
U.K.
France
Spain
Netherlands
Belgium
Switzerland
Turkey
Russia
Rest of Europe
Asia-Pacific
Japan
China
India
South Korea
Australia
Singapore
Malaysia
Thailand
Indonesia
Philippines
Rest of Asia-Pacific
Middle East and Africa
South Africa
Rest of Middle East & Africa

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Key Developments in the Market:

In April 2019, Whitsell Innovations, Inc. announced that they have acquired Pharmakey, LLC so that they can expand their planned consulting services and full electronic submissions. The main aim is to meet the need and requirement of the company for regulatory decision-making and significant writing
In August 2018, Syneos Health, Inc announced that they have acquired Kinapse which will help the company to expand their safety, regulatory and pharmacovigilance consulting and operations. It will also help the company to strengthen their medical writing, clinical trial transparency, quality operations and consulting capabilities in the areas of R&D providing high-value solutions to the customers

Competitive Analysis:

Global medical writing market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of medical writing market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.