Argentina Medical Affairs Outsourcing Market Size & Outlook
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Argentina medical affairs outsourcing market highlights
- The Argentina medical affairs outsourcing market generated a revenue of USD 8.6 million in 2022 and is expected to reach USD 22.2 million by 2030.
- The Argentina market is expected to grow at a CAGR of 13.1% from 2023 to 2030.
- In terms of segment, medical writing & publishing was the largest revenue generating services in 2022.
- Medical Science Liaisons (MSLs) is the most lucrative services segment registering the fastest growth during the forecast period.
Medical affairs outsourcing market data book summary
| Market revenue in 2022 | USD 8.6 million |
| Market revenue in 2030 | USD 22.2 million |
| Growth rate | 13.1% (CAGR from 2023 to 2030) |
| Largest segment | Medical writing & publishing |
| Fastest growing segment | Medical Science Liaisons (MSLs) |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Medical Writing & Publishing, Medical Monitoring, Medical Science Liaisons (MSLs), Medical Information |
| Key market players worldwide | IQVIA Holdings Inc, Icon PLC, The Medical Affairs Company, Syneos Health, Thermo Fisher Scientific Inc, Wuxi AppTec Co Ltd, SGS AG, Ashfield Healthcare, ZEINCRO Group, Indegene |
Other key industry trends
- In terms of revenue, Argentina accounted for 0.5% of the global medical affairs outsourcing market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil medical affairs outsourcing market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 330.6 million by 2030.
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Medical Affairs Outsourcing Market Scope
Medical Affairs Outsourcing Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Indegene | View profile | 5001-10000 | Princeton, New Jersey, United States, North America | https://www.indegene.com/ |
| ZEINCRO Group | View profile | 101-250 | Sofia, Grad Sofiya, Bulgaria, Europe | https://www.zeincro.com/ |
| Ashfield Healthcare | View profile | 1001-5000 | Ashby De La Zouch, Leicestershire, United Kingdom, Europe | https://oneashfield.com/ |
| The Medical Affairs Company | View profile | 101-250 | Atlanta, Georgia, United States, North America | http://www.themedicalaffairscompany.com |
| Syneos Health | View profile | 1001-5000 | Morrisville, North Carolina, United States, North America | https://www.syneoshealth.com/ |
| SGS AG | View profile | 103193 | 1 Place des Alpes, P.O. Box 2152, Geneva, Switzerland, CH-1211 | https://www.sgs.com |
| IQVIA Holdings Inc | View profile | 87000 | 2400 Ellis Road, Durham, NC, United States, 27703 | https://www.iqvia.com |
| Wuxi AppTec Co Ltd | View profile | 41116 | 288 Fute Zhong Road, Waigaoqiao Free Trade Zone, Shanghai, China, People's Republic of, 200131 | https://www.wuxiapptec.com |
| Icon PLC | View profile | 41150 | South County Business Park, Leopardstown, Dublin, Ireland, D18 X5R3 | https://www.iconplc.com |
| Thermo Fisher Scientific Inc | View profile | 122000 | 168 Third Avenue, Waltham, MA, United States, 02451 | https://www.thermofisher.com |
Argentina medical affairs outsourcing market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to medical affairs outsourcing market will help companies and investors design strategic landscapes.
Medical writing & publishing was the largest segment with a revenue share of 40.7% in 2022. Horizon Databook has segmented the Argentina medical affairs outsourcing market based on medical writing & publishing, medical monitoring, medical science liaisons (msls), medical information covering the revenue growth of each sub-segment from 2018 to 2030.
Import, manufacturing, and commercialization of medical devices in Argentina is regulated by the National Administration of Drugs and Food and Medical Technology. There have been significant regulatory changes in relation to medical device imports and manufacturing in 2013. The country follows MERCOSUR Technical Regulation for Medical Devices for product registration.
Furthermore, the recent regulatory changes have also increased the demand for outsourcing pertaining to quality assurance and regulatory affairs. The current regulatory landscape in the country is similar to Mexico, with more focus on transparency and greater healthcare access to people. There has been a significant increase in foreign product approvals and this trend is expected to continue.
The aforementioned factors are anticipated to significantly boost market growth. In addition, clinical trials are cost-effective and recommendations of the WHO’s GMPs & control standards have been implemented in Argentina, which is likely to boost market growth.
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Target buyers of Argentina medical affairs outsourcing market databook
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Our clientele includes a mix of medical affairs outsourcing market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Argentina medical affairs outsourcing market , including forecasts for subscribers. This country databook contains high-level insights into Argentina medical affairs outsourcing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Argentina medical affairs outsourcing market size, by services, 2018-2030 (US$M)
Argentina Medical Affairs Outsourcing Market Outlook Share, 2022 & 2030 (US$M)
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