This Global Medical Writing Market report has been prepared with the
thorough market analysis carried out by a team of industry experts, dynamic
analysts, skilful forecasters and well-informed researchers. This market
research report is very crucial in several ways for business growth and to
thrive in the market. Competitive analysis is the major feature of any market
research report, and hence Global Medical Writing Market report covers many
points including strategic profiling of key players in the market, analyse core
competencies of key players, and draw a competitive landscape for the Healthcare
industry. This market report gives an edge to compete and to outdo the competition.
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.
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Top
Manufacturers Covered in the Report:
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
Primary Respondents
·
Demand Side: Doctors, Surgeons, Medical
Consultants, Nurses, Hospital Buyers, Group Purchasing Organizations,
Associations, Insurers, Medical Payers, Healthcare Authorities, Universities,
Technological Writers, Scientists, Promoters, and Investors among others.
·
Supply Side: Product Managers, Marketing
Managers, C-Level Executives, Distributors, Market Intelligence, and Regulatory
Affairs Managers among others.
Customization of the
Report:
·
All segmentation provided above in this report
is represented at country level
·
All products covered in the market, product
volume and average selling prices will be included as customizable options
which may incur no or minimal additional cost (depends on customization)
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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.
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
customer
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.
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