Global Medical Writing Market Growth Analysis 2024, Forecast To 2033
8 Mar, 2024
The medical writing market has experienced rapid growth, expanding from $3.42 billion in 2023 to $3.81 billion in 2024, with a compound annual growth rate (CAGR) of 11.4%. This growth is attributed to factors such as increasing pharmaceutical R&D and the demand for accurate regulatory writing. Forecasts predict further rapid expansion to $5.62 billion by 2028, with a CAGR of 10.2%, driven by digital transformation in healthcare and the incorporation of patient input into medical writing. Major trends include technological advancements and the increasing use of artificial intelligence in medical writing.
Global Medical Writing Market Key Driver
The growth of the medical writing market is expected to be propelled by the rising development of new drugs. Novel drugs, those not previously approved or marketed for therapeutic use, require comprehensive documentation and communication strategies throughout the drug development process. For instance, in January 2023, the Center for Drug Evaluation and Research (CDER) granted approval to 37 new drugs in the United States. This surge in novel drug approvals necessitates specialized medical writing services to facilitate the dissemination of crucial drug development information and research findings.
Get A Free Sample Of The Global Medical Writing Market ReportGlobal Medical Writing Market Segments
The medical writing market covered in this report is segmented –
1) Type:Clinical Writing, Regulatory Writing, Scientific Writing, Other Types
2) Application:Medical Journalism, Medical Education, Medico Marketing, Other Applications
3) End-Use:Pharmaceutical Companies, CRO (Contract Research Organization), Other End-Users
By Geography: The countries covered in the medical writing market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
North America was the largest region in the medical writing market in 2023. Asia-Pacific is expected to be the fastest growing region in the forecast period. The regions covered in the medical writing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Major Medical Writing Industry Players
Cardinal Health Inc.; Merck and Co.Inc.; AbbVie Inc.; Abbott Laboratories; Medtronic Plc.; Labcorp Drug Development Inc.; IQVIA Holdings Inc.; Icon Plc.; Parexel International Corporation; Syneos Health; Ashfield Healthcare Limited; Indegene Pvt. Ltd; UDG Healthcare Plc.; Evidera; Certara Inc.; MMS Holdings Inc.; Freyr Solutions; Cactus Communication Ltd.; Omics International Pvt Ltd.; Quanticate International limited; Inclin Inc.; Criterium Inc.; Aptitude Health.; Siro Clinpharm Private Limited; ProScribe Medical Communications; Pegasus Knowledge Solutions Inc.; Cognibrain; Scientific Communications Group; InkLab Medical Communications; Trilogy Writing and Consulting GmBH.
Get The Full Global Medical Writing Market ReportMedical Writing Market Overview
Medical writing refers to writing that focuses on providing well-structured, accurate material linked to science, medicine, and the healthcare industry. It is a document that communicates scientific and medical information to a specific audience, such as healthcare professionals, regulatory authorities, or the public.