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Medical Writing Market Size Worth USD 8.23 Billion By 2026 | CAGR: 11.6%

The global Medical Writing market is expected to grow at a growth rate of 11.6% to reach USD 8.23 billion by 2026.

Medical writing involves the creation of scientific documents such as regulatory, research-related documents, and publication articles. A medical writer mainly works with scientists, subject experts, doctors to create an effective document that clearly defines research outcome and product usage. Medical writing demand is growing gradually mainly in the pharmaceutical and healthcare communication industries. Every year number of medical devices and drugs passes through the complex regulatory procedures and clinical trials that need market approval. Thus, there is an increased demand for well-written documents yielding to regulations.

Rising R&D activities in healthcare sectors across the globe is the major factor influencing the growth of the overall medical writing market. In addition, advancements in technologies in the medical writing sector are propelling industrial growth to a great extent. For instance, in June 2020, Cactus Communications introduced an integrated ecosystem of tools to support the life of researchers. R Pubsure is an AI-powered platform that evaluates the submission readiness of research manuscripts and recommends suitable journals.

Key Takeaways

In terms of types, the overall medical writing market is segmented into typewriting, clinical writing, and scientific writing. The clinical writing segment dominated the target market in 2019.
Application-wise, the worldwide market is segmented into medical journalism, medical education, and medico marketing. The medical journalism segment accounted for the highest revenue share. It includes the development of publicity materials, government internet content, product monographs, and training manuals.
The end-user chapter is categorized into medical device/pharma & biotechnology companies, and contract research organizations (CROs). Owing to the growing requirement for new drug development coupled with the rising demand for specialized service providers in drug testing, the CROs segment captured the highest percentage share.
North America dominated the global medical writings market in 2019 due to the presence of prominent players and increasing research and development activities of drugs and medical devices.
Medical writing has become a lucrative field for professional writers in developing regions such as India, China, and Brazil. Asia Pacific region is projected to gain a notable market share with upward revenue growth driven by an urgency to have optimum quality medical documents for drug approvals.
The leading players of the global medical writing market include Freyr Solutions, Parexel International, Trilogy Writing & Consulting GmbH, Cactus Communications, IQVIA HOLDINGS, OMICS International, Synchrogenix, Covance, Inc., SIRO Clinpharm Private Limited, QUANTICATE, and InClin, Inc.

KEY BENEFITS OF THE REPORT

The report presents a macro and micro-level outlook regarding the industry. Thus, it becomes easy for our clients to perceive the business landscape and take a glimpse of their own standing in it.
A thorough analysis of relevant statistical data to estimate the market paradigms
Exceptional understanding of the region and country-specific markets. The report will answer some of the toughest questions regarding the market shares, sizes, forecasts segmentations, and growth specific to the countries.
A well-designed strategic framework analyzes the market movements including regional expansion, mergers & acquisitions, and new product developments

The scope of this report covers the market by its major segments, which include as follows:

GLOBAL MEDICAL WRITING MARKET KEY PLAYERS