The ‘Global Medical Writing Market Size, Share, Report and Forecast 2023-2028’ by Expert Market Research gives an extensive outlook of the global medical writing market, assessing the market on the basis of its segments like type, application, end use, and major regions.
The report studies the latest updates in the market, along with their impact across the market. It also analyses the market demand, together with its price and demand indicators. The report also tracks the market on the bases of SWOT and Porter’s Five Forces Models.
Medical Writing Market Share, Size, Trends, Industry Report, Key Player, Major Segments, and Forecast
The key highlights of the report include:
Market Overview (2018-2028)
- Historical Market Size (2022): USD 2.35 Billion
- Forecast CAGR (2023-2028): 10.2%
Rising awareness regarding health among patients and the general public is driving the growth of the medical writing market. The extensive penetration of the internet has resulted in the general public having greater knowledge of medical topics and improved access to medical writing, further contributing to the market growth. More consumers are seeking out medical journalism writing, publication records, and educational materials related to medical issues which is bolstering the market for medical writing. With the emergence of different and new health problems and diseases, public health is becoming a growing concern, due to which new research and experiments are being conducted, resulting in increased generation of medical content.
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The growing use of regulatory medical writing is also driving the market due to the increasing drug development. Regulatory medical writing creates documents which are required in the process of approval for drugs, biologics, and devices, in the form of study reports, investigator brochures, and study protocols. The rising number of developmental drugs which require regulatory documents is expected to drive the market of medical writing. Increasing demand for regulatory medical writing is also due to the growing number of clinical trials in developing countries as these countries provide favourable environments for clinical trials, further expanding the medical writing market.
Medical Writing Industry Definition and Major Segments
Medical writing is the process of producing or developing scientific documents like regulatory and research- related documentation in medical applications such as for disease or drug testing. The creation of well researched scientific writing like clinical research documents, writing for healthcare websites, journal articles, and health magazines are also examples of medical writing.
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On the basis of type, the market is divided into:
- Clinical Writing
- Regulatory Writing
- Scientific Writing
- Others
Based on application, the market is segmented into:
- Medical Journalism
- Medical Education
- Medico Marketing
On the basis of end use, the market is bifurcated into:
- Pharmaceutical and Biotechnology Companies
- Contract Research Organizations (CROs)
Based on region, the market is classified into:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Medical Writing Market Trends
A key trend in the medical writing market that is aiding its rapid expansion is the growing adoption of Artificial Intelligence (AI) in the healthcare sector. AI is increasingly being used in medical writing in multiple ways, including to identify content, collate data, identify trends, verify facts, and generate the content itself. Advancements in natural language processing (NLP) and its rising use in medical writing is another crucial trend in the market for medical writing due to its advantages in understanding medical inputs in an efficient manner. NLP can help generate new documents by examining existing documents which is timesaving and cost effective.
With the growing emphasis on patient engagement in the healthcare sector, medical writers are learning and adopting patient-centric writing which is expanding the medical writing market. Patient-centric writing is increasing in demand where the writing has clear, precise, and concise language that can be easily grasped and understood by patients and their families. The importance of translating complex and difficult medical terminology and clinical information to develop more patient trust is one of the key trends that is driving the medical writing market. The rising demand to develop medical and scientific information in layman language for the public is expected to drive the market further in the forecast period.
Key Market Players
The major players in the global medical writing market report are:
- Triology Writing & Consultancy GmbH
- Parexel International Corporation
- Cactus Communications
- Freyr Global Regulatory Solutions and Services
- Covance Inc.
- Iqvia
- Siro Clinpharm Private Limited
- Omics International
- Inclin, Inc.
- Synchrogenix
- Others.
The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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